About this paper
Organisations know that more data is being created than ever before – and they need to find ways to analyse some of that information, so they can extract meaningful insights to make faster, better decisions.
This report by the Centre for Economics and Business Research sets out the value to the UK economy from businesses adopting big data analytics solutions and taking advantage of the Internet of Things (IoT) – this is the concept of everyday objects, from industrial machines to wearable devices, using built-in sensors to gather data and take action on that data across a network.
The report is based on real data revealed through a survey of businesses and government. The study then looks to the future, presenting estimates of the value of big data and IoT between 2015 and 2020.
Results are broken down across all the main industry sectors.
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