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Data Lab Projects Set To Inject £70M Into Economy

Chloe Henderson

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Edinburgh-based innovation centre, The Data Lab is set to inject an estimated £70 million into the  Scottish economy, increasing its annual contribution from £34 million last year.

The Data Lab, a publicly funded innovation centre for data science, has more than doubled the number of research projects it supports in the last 12 months.

The initiatives are also expected to create 250 new jobs in Scotland, 190 of which will be high value positions.

Gillian Docherty, CEO of The Data Lab and the recent winner of the Digital Technology Awards’ CEO of the Year award, said: “There is no doubt Scotland is seizing the data opportunity. The rate of growth we’ve seen over the past year is testament to the burgeoning demand from across the public and private sector to leverage insight from data. It’s encouraging to see so many seeking innovative data led solutions to their challenges.

“Scotland boasts a unique infrastructure of world class academic institutions and inspiring landscape of start-ups and entrepreneurialism, so it’s no wonder we’re seeing more international organisations take advantage of what’s on offer here. With companies that range from SkyScanner to start-ups who continue to challenge and enter new territories with data science, Scotland’s international reputation will only continue to grow.”

One of the projects assisted by The Data Lab is Brainnwave, an online data discovery and access marketplace.

With the centre’s support, they recently secured a partnership with UNICEF to provide geospatial data and analytics to help track refugees in Somalia, and allocate resources and refuge for displaced populations.

The Data Lab also worked in collaboration with flow-measurement specialists NEL to develop state of the art data mining software to analyse large data sets generated by equipment used in the oil and gas industry.

Chloe Henderson

Staff Writer - DIGIT

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