A newly renamed Data Use and Access Bill was been introduced to Parliament on Wednesday 23rd October 2024. This creates the conditions for the future success of Open Banking and the growth of other Smart Data schemes. The government claims this will boost the economy by £10bn a year, including the reduction of costs and …
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A Smart Data Economy must include Transport & Mobility
The following is a post originally published on our company LinkedIn page, but now copied here for reference: Smart Data?For those that are not familiar with this term, Smart Data is the secure sharing of customer data with authorised third parties (ATPs).The most popular example of Smart Data is Open Banking, introduced via legislation in …
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Smart Data Economy – what benefit?
A Smart Data Economy is the roll-out of Open Banking-like data sharing across sectors, including: energy, finance, home buying, retail, telecommunications and transport. The UK Gov Digital Strategy has stated that building a Smart Data economy could unlock £149 billion of organisational efficiency and £66 billion of new business and innovation opportunities in the UK …
What is a Smart Data economy?
With the success of Open Banking, the aim is now to ‘open up’ customer data sharing across different sectors of UK industry such as: energy, finance, home buying, retail, telecommunications and transport.https://www.gov.uk/government/collections/creating-a-smart-data-economy This will, as a result: The origins of the Smart Data economy are actually based upon the UK Government Data Strategy (2017 updated …
King’s Speech lays foundation for Smart Data Legislation
The King’s Speech today covered the introduction of the Digital Information and Smart Data Bill. This includes: “setting up Smart Data schemes, which are the secure sharing of a customer’s data upon their request, with authorised third-party providers”. https://www.gov.uk/government/speeches/the-kings-speech-2024
ITS Report recognises importance of Smart Data for transport
A report titled “Manifesto for the Future of Transport” has been published today by Intelligent Transport Systems UK [ITS], the voice of the transport technology industry. Purposefully released ahead of the UK General Election in 4 weeks, this paper focuses on Mobility-as-s-Service [MaaS] and Data, including Smart Data sharing across the sector. “Smart Data offers …
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The Opportunities for Smart Data in Transport & Mobility
The recent Smart Data Roadmap published by the UK Government’s Department for Business & Trade was a pleasant surprise for the Transport & Mobility sector, as it specifically mentions transport (alongside energy, telecommunications, retail, etc.). It even lists a number of actions to be carried out by the Department for Transport [DfT] over the next …
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The Benefits of Smart Data for the Transport & Mobility sector
Smart Data is data that is securely shared, with the customer’s permission, to third parties. The most obvious example of Smart Data is Open Banking, but other sectors such as energy & finance are now looking to follow suit. The term should not be confused with other similar terms such as “Open Data” – e.g. …
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Smart Data Roadmap gives next steps for Transport
The UK Government’s Department for Business & Trade has today published an important document that outlines how the transport & mobility sector will be part of Smart Data sharing schemes in 2024. Titled “The Smart Data Roadmap” this report provides a timeline of the action the Government is taking in 2024 to 2025 to unlock …
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UK Government announces plans to accelerate Smart Data for Transport
In today’s UK Government Spring Budget announcement was the paragraph: “Accelerating smart data schemes in energy and transport – Following announcement at Autumn Statement 2023 that the government would seek to maximise the benefits from incoming Data Protection and Data Information Bill Smart Data powers, the government is providing targeted funding for consultations and calls …
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Open Transport - Transport & Mobility Data Interoperability 