News

The Data City Wins Government Contract to Map the Future of the UK Economy

We have recently secured a contract with the government Department for Business, Energy & Industrial Strategy (BEIS) to help map out the future of the UK economy.

Referred to us in 2019, BEIS were looking for a data and technology platform to help them accurately classify emerging sectors of the UK economy. Following a competitive tender process in which The Data City platform scored highest of the bidders, the BEIS ‘Future Economy’ selected The Data City platform for the task.

We are pioneering a 21st century industrial classification methodology: our proprietary ‘RTIC’ code or (Real-Time Industry Classification), accurately identifies organisations within specific industry sectors in real time, using machine-learning to accurately classify companies operating within the UK.

Alex Craven, co-founder at The Data City says “This contract win is a fantastic validation of our platform and the unique strengths of our technology. We scored very highly in the bid (over 90%) against some tough competition, a great result.”

A high profile client at the heart of government policy is just what we have been looking for to demonstrate the power of our amazing platform. Despite Covid, 2020 has been a great year for us: we recently identified a dataset which shows that the UK AI sector has increased in size by 145% since 2010, plus in the summer we used our ground-breaking technologies to identify over 2,300 cyber security businesses in the UK, 95% more than estimated by recent analysis carried out by the government itself.

For more information or to request sample data or a free trial, get in touch today.

About the author

Alex Craven

A philosophy graduate, Alex has been running digital and tech businesses since 1999. Alex thrives on turning technology innovation into businesses that transform industries. Husband and father of three he enjoys being fit and Rum.