Reed Elsevier announces knowledge partnership with University College London
Wednesday 18 December 2013
Media giant Reed Elsevier is set to join forces with London’s biggest university, University College London, to share knowledge and technology on data and analytics.
The creation of the UCL Big Data Institute will see staff from Reed’s Elsevier subsidiary collaborate with UCL academics and fund research. Elsevier chief executive Ron Mobed said there was great potential for Elsevier to share the vast amount of scientific and public data it holds (around 200 terabytes compared with Wikipedia’s six terabytes).
He added that the collaboration showed how London can be the base for a big media and technology company to work with university researchers and venture capital-backed start-ups.
Elsevier’s investment is “substantial”, and thought to be more than £10 million. The business, which publishes The Lancet and New Scientist magazines, is also keen for its subsidiary Mendeley, the London academic social networking business that it bought this year for up to £65 million, to play a part in the Big Data Institute.
Mobed said the company has already spent “hundreds of millions” on its data business. He added that he was convinced the UCL investment should pay off because “if we can find better ways to service our customers, that’s good for business”.
Science minister David Willetts, who attended today’s launch, said it was crucial for Britain “to take full advantage of the big data revolution and stay ahead in the global race”.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...