Data Capital of Europe
Data-Driven Innovation was included in the City Region Deal because rapid growth locally in the technology sector and in world-class data science expertise is fully recognised, as is the potential for further development.
As well as being home to the ‘unicorn’ businesses Skyscanner and FanDuel, major international tech companies such as Amazon, Cisco, Oracle, Microsoft and IBM, have also created bases in the City Region.
Edinburgh attracted more digital technology investment in 2016 than any other UK city outside London, with £159m inward investment coming to Scotland’s capital. Helping to drive this growth, Informatics Ventures runs the highly popular Engage Invest Exploit conference, connecting investors with Scotland’s tech start-ups and entrepreneurs.
In the academic field, the University of Edinburgh has been ranked first in the UK for computer science and informatics research and the city region’s universities attract research income from within the UK that is almost four times greater than the national average. In 2017, the University was also announced as a government-approved Centre of Excellence for Cyber Security Research in the UK. These strengths have propelled a large increase in the number of data scientists working in the city region.
From financial services to the public sector, the availability, storage and governance of datasets plays an increasingly important role in sustaining this growth and the Data Lab works nationally to help organisations adapt to these challenges and harness the economic, social and scientific benefits of data.
With the City Region Deal investment, we can build on these strengths and complete the journey to becoming the data capital of Europe, ensuring the benefits are shared across the whole city region.
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