The data and information services sector is a key driver of the global economy, spanning the collection, storage, processing, analysis and dissemination of data. This sector powers innovation and decision-making across industries, with data becoming one of the most valuable commodities in today’s digital age.

As data generation accelerates due to digital transformation, the sector continues to expand. Big data, artificial intelligence (AI), machine learning, cloud computing and advanced analytics have become essential for businesses seeking a competitive edge. Organisations now rely on real-time insights to boost efficiency, customer experience and strategic planning, with the global data market set to grow significantly over the next decade.

The UK is a leading hub for data and technology innovation. Many app and software firms focussed on solving problems in other sectors are ultimately valued for their expanding databases.

The nation’s data economy significantly contributes to GDP, supported by a dynamic ecosystem of start-ups, tech firms and research institutions. However, like many industries, the sector faces a skills gap, particularly in AI, cybersecurity and analytics.

While the sector holds enormous potential, it also faces challenges. Data privacy, cybersecurity and regulatory compliance are top priorities for businesses navigating global markets. Companies must also adapt to evolving international regulations, such as the stringent data protection laws in the European Union.

In an increasingly data-driven world, the data and information services sector will continue to grow in importance, shaping the future of innovation and competitiveness across developed and emerging markets. PACP aim to support new entrants and established businesses through their journey, from raising funds to managing growth and exit.