During the Smart Data Discovery Challenge (October 2023 to March 2024), we’re inviting innovative thinkers from across industry, academia and civil society to propose new cross-sector Smart Data use case ideas that could make a difference for consumers or small businesses and for wider society.
In return, you can join an emerging community of organisations seeking to drive Smart Data forward, help shape a potential Smart Data challenge prize in 2024 and inform the development of the UK’s future Smart Data economy.
Between 26 October and 8 December 2023 we are running an open call for cross-sector Smart Data use case ideas. We want individuals and organisations to share their bold cross-sector use case ideas for a consumer-driven Smart Data economy.
The most promising cross-sector use case ideas submitted in the open call will be selected by an expert panel and further defined in collaboration with those submitting them with the help of expert input. The Discovery Challenge will culminate in a March 2024 event where the most promising ideas will be pitched, with financial awards for the most promising.
We ask you to complete a short, simple entry form describing your idea and the difference it could make for consumers or small businesses and for wider society.
We are looking for cross-sector use case ideas that use data from at least one of the following five sectors:
In addition, use case ideas might use other sources of publicly held or open data, or data that might be unlocked from other sectors, such as telecoms.
Our ultimate aim is to launch a Smart Data challenge prize in 2024, in which innovators can benefit from a share of up to £750,000 to prototype and test solutions that demonstrate a range of promising cross-sector Smart Data use cases in action.
Smart data has the potential to help create solutions to real life issues that consumers face on a daily basis as well as supporting small firms across the country and helping to grow the economy.
Smart data is already helping consumers via Open Banking and I am excited to see what other game changing technology this Challenge launching today will produce from our nations’ innovators and entrepreneurs, particularly in the energy, SME finance and home buying sectors.
