Alwin Magimay, UK head of digital and analytics at KPMG, comments on the Budget announcement on the Alan Turing Institute, a £42 million investment in big data and algorithm research. He said:
“This is really welcome news for the UK. Data scientists are what computer programmers were to the UK economy in the nineties. We as a nation need to industrialise this discipline to ensure that British business can prosper from understanding the potential of the data and turn it into a competitive business advantage.
“The investment of £42 million is a powerful signal to businesses, academic institutions and investors to sit up and realise that big data isn’t just a term coined by the technology world but that it presents a real opportunity for UK business to gain value from the abundance of data being created in a digital and connected world.
“We are only at the very beginning of this revolution but the power of data is not new to KPMG. We are already supporting a variety of early stage companies in this space through our Digital Innovation Network. We have recently announced our data scientist summer academy programme that will help to create a much needed pool of data scientists in the UK and are close to announcing yet another exciting and transformational development in this space.”
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