Data for growth

Digital technologies and data for industrial transformation

optical fibres dinamic flying from deep on technology background

An Innovation Study

Urban Foresight was commissioned to review the links between regional capabilities in the digital sector and the future needs of three key industrial sectors.

In a study for the North East Local Enterprise Partnership’s Innovation Board, Urban Foresight profiled the digital strengths in North East England alongside the needs and opportunities that exist in three key industries that are central to the region’s strategic economic strategy: Offshore, subsea and marine technologies; Life sciences and health; and Low carbon passenger vehicles.

Urban Foresight was tasked to review the interdependencies and shared opportunities that exist between these sectors. This involved a comprehensive literature review, interviews with over 30 experts from 21 different organisations, and a series of four workshops in each of the smart specialisation areas.

This informed a profiling and mapping of the digital capabilities in North East England, considering strengths, opportunity areas and the roles and capabilities of key support facilities including networks, hubs, skills providers and finance.

Finalising the project

A key outcome was to develop a framework to structure the range of business support services available to digital companies, which the interviews for this study revealed was somewhat confusing.

The study also identified potential areas of opportunity for the North East digital sector, including: data analytics; cyber security; Fintech; Building Information Modelling; emerging technologies (including virtual reality); and digital transformation of the public sector.

Due to the pervasive nature of digital in almost every aspect of physical services, a more general consideration of the economic opportunities and challenges was also presented. This identified that the direct and indirect benefits of increased digitalisation can lead to improvements in healthcare, education, security, employment, as well as positive social and environmental impacts.

It also identified several key trends that are likely to have both positive and negative impacts on the North East economy, namely: augmentation of human intelligence, automation, sharing economy, agility, servitization, openness, transparency, co-creation, cyber security and digital value propositions to differentiate products and services.

The final deliverable of the study was to develop an outline plan for how Data for Growth could be developed and delivered as a regional project. This culminated in the outline of possible structure, roles and responsibilities, as well as recommendations on the scope and focus for different activities that could be undertaken.

Read the full report here.

What We Delivered

Professional engagement with relevant stakeholders and experts to uncover key insights and identify shared priorities

Advice on funding, procurement and capital structuring that is underpinned by the necessary regulatory framework and governance structures

Practical insights and evidence to support decision-making, policy development and the case for investments

Assessment of concepts, products and services according to defined social, economic and environmental criteria

Defining the key features, structure, criteria for success, and major deliverables of a new project or programme

We write award winning reports that are concise, logical and engaging

Sector Expertise

We help our clients to navigate changes and undertake digital transformations that set them up for long-term success.

Maximising the opportunities for employment and wealth creation and helping to establish the necessary governance, policy and capital funding to make this possible

Advising on ways to share, manage and exploit data assets