Big data – big money
The Lloyd’s Register Foundation (LRF) has offered a £10m ($15.6m) grant over five years to support research by the UK’s Alan Turing Institute into engineering applications of big data for the real world.
Richard Sadler, chief executive officer of Lloyd’s Register.
Lloyd Register’s charity, which supports engineering-related research and education, announced the award as it published a Foresight review of big data.
The award will add to some $42m pledged by the UK Government in its latest budget to the new institute that will lead research into the development of data-centric engineering.
Philip Nelson, chief executive of the Engineering and Physical Sciences Research Council, which will partner the Turing Institute, said there is a need for a £100m total research investment in the field.
The foundation’s Foresight review set out four main areas for priority action, described by LRF managing director Richard Clegg as:
Technology road-mapping: to forecast technology developments in data-centric engineering and plan and co-ordinate efforts.
Design for data: recognising that embedded sensors, intelligent systems and data management will form part of engineering design requirements.
Codes and standards: as more data is generated, collected, transmitted, and manipulated by engineering systems, its quality, traceability, security and integrity need to be assured.
Data analytics: developing algorithms and mathematical models for analysis, helping make informed decisions to enhance the safety, reliability and performance.
source:www.tradewindsnews.com
