Edwina Dunn and Clive Humby are backing a competition to find new data scientists who can unearth social or economic value from data in the form of new products, services, or business ideas.
The Summer Data Challenge has been organised by Imperial College London’s Data Science Institute, in partnership with Starcount and Purple Seven, the data ventures which the husband and wife team have invested in since finally stepping down from their eponymous company.
“The future of almost every industry lies in information and the analysis of data. From social media to the arts industry, to pharmaceuticals and medicine, big data is revolutionising how we understand each other and the world around us,” said Dunn.
“The Summer Data Challenge will provide budding analysts with unique opportunities to make groundbreaking data observations across key industries and sectors – the potential for new discoveries is enormous,” she added.
Contestants will be challenged to unearth new insights into data using exclusively prepared datasets. Pulled from 2012, the data includes Purple Seven’s theatre ticket sales data; Transport for London exit/entry counts data and the tweets of Londoners and London theatres.
The UK winner of the competition will receive £4,000. Second place will get £3,000 and third with get £2,000. All UK prize winners will also be offered a mentoring session with Humby.
Submissions are judged on technical ability, creativity, and practicality, and will be judged by a panel made up of experts from academia and industry. Entries must be submitted by the closing date of 31 October 2014.
Last week KPMG signed a £20m partnership with Imperial College, leading to the creation of the “KPMG Centre for Advanced Business Analytics” at the college. It will focus on five key areas – analysis of business capital, growth opportunities, people, operations and resilience.
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