Bank of England

We want to hear how you would harness machine learning to have a truly positive effect on society. The ability to recognise patterns has been fundamental in the progression of modern civilisation: from sailors using the night sky to navigate the oceans, to scientists observing natural phenomena to construct theories of the world. With the advent of powerful computers and large datasets, these days machine learning (ML) is allowing computers to recognise patterns and learn from data like never before. You can already see this in the world around you: online retailers suggest products you might be interested in, your phone can translate spoken words to text on the screen and cars are learning to drive themselves. This year we've expanded the competition and encourage students aged 16 to apply.