Covid-19 threatens to set UK data protection back a generation August 14, 2020 There’s another crisis brewing. Millions of businesses across the UK have quickly adapted to the Covid-19 environment. While some companies have adopted technology to handle customer data collection, many have turned to more tried-and-tested track and trace systems — namely, good old-fashioned pen and paper. The hospitality industry, and especially pubs and bars, have had [...]
If we want cutting-edge R&D, we must rethink our attitude to failure March 11, 2020 A likely centre-piece of today’s Budget will be a new agency to fund high-risk, high-reward scientific research. Brainchild of the Prime Minister’s chief special adviser Dominic Cummings, the Advanced Research Projects Agency (Arpa) is to be modelled after similar bodies in the US — most notably Darpa which has focused on defence related research. Darpa [...]
Keep an eye on data: a chat with Duco’s founder about the future of fintech in Britain February 17, 2020 When asked to narrate their journeys from startup to scaleup, entrepreneurs tend to fall into two camps. There are those for whom the travails of growth are a badge of honour: no 20-hour day, unconquerable challenge or unfulfilled investment pledge has been forgotten. Others display an insouciance, as though turning a light-bulb moment into a [...]
Research parks can help turn the light-bulb moment of science into business success February 17, 2020 Based on 35 years of experience, I am a proponent of the idea that “place matters”. Businesses benefit from being located in an environment willing to share the risks involved in fostering entrepreneurship. That’s why the global research and science park movement has taken off. It is designed to support the clustering of enterprises to [...]
My data prophecy? More regulation is on the way January 29, 2020 In 2018, a new elephant entered the room. A giant EU elephant called the General Data Protection Regulation (GDPR). GDPR and data privacy became, slightly bizarrely, a subject that was talked about in offices and in pubs. Even my proverbial aunty knew what it was. In corporate land, there was a frenzy of preparation ahead [...]
You could be sitting on a data goldmine, so keep your data safe January 27, 2020 How much data do you think you produce each day? Take a moment to think about it. The figure you came up with is likely wildly underestimated. The reality is that we collectively produce quintillions of gigabytes of data every day. Cut yourself some slack — coming up with an accurate number is no easy [...]
Brexit can spark a Big Bang for life sciences October 22, 2019 Whether or not Halloween marks a new chapter in the UK’s relationship with the EU, it also marks over 30 years since the “Big Bang” reforms to the City of London. And it is this milestone – rather than any Brexit deal – which is more instructive for how the country can make its way [...]
DEBATE: Should the UK’s judicial system embrace using artificial intelligence in the courtroom? April 30, 2019 Should the UK’s judicial system embrace using artificial intelligence in the courtroom? Emily Foges, chief executive of Luminance, says YES. The explosion of digital information, from social media posts to WhatsApp messages, can lead to cases collapsing in our courts as police and barristers struggle to review evidence in time. Artificial intelligence (AI) technology is [...]
London can strengthen its relations with Scotland March 4, 2019 On a brisk evening in January, I had the honour of hosting a Burns Supper at the Mansion House with the first minister of Scotland, Nicola Sturgeon. The night was complete with bagpipes, haggis, and of course a “wee dram” of whisky. The event brought together leading business figures from both sides of the border, [...]
Fintech startup Revolut pushes ministers for fast-track tech visas February 21, 2019 London will fall behind as a world-leading fintech hub if the government does not prioritise incoming tech talent, the chief executive of Revolut warned today. Nikolay Storonsky, a Russian native who started digital bank Revolut in 2015, called on ministers to introduce a fast-tracked visa process for technology workers, particularly within software development and data [...]