The fourth industrial revolution has finally reached Number 10, and it could change the face of modern-day governance as we know it. In a speech on the government’s industrial strategy, Theresa May announced her support for artificial intelligence (AI), pledging millions of pounds for research to develop machine-learning technologies to detect cancer earlier in NHS patients “The development of smart technologies to analyse great quantities of data quickly and with a higher degree of accuracy than is possible by human beings opens up a whole new field of medical research and gives us a new weapon in our armoury in the fight against disease,” she said. Read more: PM: Robots can prevent 22,000 annual cancer deaths May’s AI ambitions, however, should not just stop at the Department for Health, as the whole UK government and public sector could dramatically benefit from embracing the fourth industrial revolution. To understand the potential, take a look at the … [Read more...] about AI technology can pave the way for smaller, smarter government
Data governance initiative
You can forget trying to unravel our tangled planning regime. Forget improving access to land. And forget trying to ease the squeeze on skilled construction workers. The government shouldn’t bother with any of the above if it won’t do more to help homebuilders secure funding to get projects off the ground in the first place. This is a funding void that has drastically shrunk the number of small housebuilders in the UK. In fact, if you hark to 1988 – which was the most productive housebuilding period in British history – there were 12,200 small builders in the UK. By 2014 (the latest figure available), the number dropped to 2,400, which is a decline of 80 per cent. And when you look at the largest 10 housebuilders in the country, not a single one was founded after 1990. Of course, the dire lack of housebuilders only serves to exacerbate the country’s supply crisis. Read more: Only one in five homes built in London over next 12 months to be affordable … [Read more...] about Time to think small if the government is serious about solving the UK’s housing crisis
Poland is ushering in new programmes geared towards improving commercial processes and the overall business landscape, while building on existing regulations. The sixth largest European Union member state developed a fresh vision for economic growth in 2017 with the adoption of the Responsible Development Plan. Over one hundred Polish initiatives are set to impact domestic and foreign companies — with some particularly exciting opportunities in store for Small and Medium-Sized Enterprises (SME). This non-exhaustive list highlights key schemes and how they stand to positively affect businesses. 1. Employment and Investment Grants Decision-makers planning commercial endeavours in Poland can apply for two categories of government support — employment and investment grants — within select areas of industry. These include: automotive, aviation, electronic and household appliances, biotech, food processing, modern services, and research and development. Large expenditures … [Read more...] about 9 Polish initiatives that can benefit your business
0 Have your say The North, quite rightly, has been recognised as an economic community with huge potential, whose productivity is held back by its infrastructure. The aspirations for sustained investment set out in the Strategic Transport Plan are a step on a journey towards better collaboration across the North and beyond, including our airports, and will pave the way for international business. Over the past two decades, I’ve led companies that have built critical pieces of the UK’s internet infrastructure in the region and are responsible for much of the data flowing through the North of England. Part of this job has meant identifying and working with partners who, together, can create a digital region and a more productive North.This connectivity infrastructure, means that digital and data-hungry businesses have been able to spring from, and relocate to, Leeds City Region because, from a digital connectivity standpoint, everything just works.It’s been a … [Read more...] about Adam Beaumont: How high-speed data has a key role to play in improving Yorkshire’s transport infrastructure
The past few years have been challenging times for the compliance teams of financial firms and 2018 will be no different – if anything, the pace of evolution is set to accelerate on a number fronts. From input gathered from clients and other industry contacts, Cordium has pulled together a list of the ten trends that investment firms should be most focused on in 2018 and beyond. In no particular order, these are: Don't assume MiFID II is done and dusted: The deadline for MiFID II compliance may have passed, but this package of EU regulation will continue to have a significant impact during 2018. While it appears many firms missed the initial deadline and extensions have been granted in some markets, we expect firms will need to continue fix and update the programs they've implemented. There is also a high likelihood of a sequel to MiFID II, focused on addressing elements found to be problematic during implementation. Prepare yourself for increased risk and capital rules: EU … [Read more...] about What are the governance, risk and compliance trends set to shape 2018?