Unleashing the power of data: redefining UK industrial growth

Full Article
Unleashing the power of data: redefining UK industrial growth

The Spring Budget is poised to significantly advance the UK's ambitions in artificial intelligence, potentially positioning Britain as a global AI superpower. Data is crucial across all sectors and will be integral to the government's growth objectives, necessitating a shift in how national data assets are perceived and managed. A robust National Data Infrastructure Roadmap is essential for leveraging data insights to monitor economic progress and identify emerging trends.

To realize the full potential of AI, the government must ensure that public sector data is AI-ready, addressing current deficiencies in data quality and accessibility. Initiatives like the adoption of metadata standards such as Croissant can enhance the discoverability of government datasets, fostering broader adoption within the AI community. By recognizing data as a national asset, the UK can unlock significant economic value and drive innovation across various sectors.

• UK aims to become a global AI superpower through strategic data initiatives.

• Data infrastructure is essential for driving economic growth and innovation.

Key AI Terms Mentioned in this Article

AI-Ready Data

AI-ready data refers to datasets that are optimized for machine learning applications, ensuring quality and accessibility.

Smart Data Schemes

Smart data schemes facilitate the ethical flow of information across sectors, enhancing innovation and economic activity.

FAIR Principles

FAIR principles stand for Findable, Accessible, Interoperable, and Reusable, guiding the management of data for AI applications.

Companies Mentioned in this Article

Alan Turing Institute

The Alan Turing Institute focuses on advancing AI research and its applications, contributing to the UK's AI strategy.

Open Data Institute

The Open Data Institute promotes the use of open data to drive innovation and improve public services, aligning with AI initiatives.

ICAEW

The Institute of Chartered Accountants in England and Wales collaborates on developing data standards that support AI and economic growth.

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