Banker HSBC Joins UK Data Effort

The dismal science is getting a data boost through a research partnership between a global bank and the U.K.'s national center for data science. The Alan Turing Institute and London-based HSBC Holdings (NYSE: HSBC) said they are launching the multimillion-pound data science research effort to better "understand changes in the U.K. economy." Launched last year, the Turing Institute brings together researchers from top British universities focusing on mathematics, computer science, artificial intelligence and machine learning. The goal of the economics data research, the partners said, is to "catalyze research into'big data' and algorithms." Also participating in the economic data initiative is the U.K. Engineering and Physical Sciences Research Council.