Report: Big Data Could Add £Billions to U.K. Economy

Anh Nguyen from Computerworld UK writes that organizations that invest in Big Data technologies could help generate £216 billion for the UK economy and create 58,000 jobs over the next five years, according to a new study.

There will be direct jobs [in the industry] like data scientists and it will also lead to spin-off jobs,” said Paul Jones, head of technology practice at SAS UK & Ireland, the business analytics firm that commissioned the report from The Centre for Economics and Business Research (Cebr).

The report, ‘Data Equity: Unlocking the value of big data’, found that Big Data contributed an estimated £25.1 billion to the UK economy last year. It forecast this to reach £40.7 billion a year by 2017 (£216 billion in total over the five years) as the adoption of analytics grows, from 34% in 2011 to 54% in 2017. Read the Full Story or Download the report (PDF).

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  1. [...] and Shehan Mohamed from CEBR discuss how Big Data will contribute to economic prosperity. New research has established that Big Data could be worth £216 billion to the UK economy over the next 5 years, [...]

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