A study by The Centre for Economic and Business Research (CEBR)and SAS shows that big data analytics could add £216 billion to the UK economy and create over 58,000 new jobs within the next five years.

The report showed that big data bolstered the UK economy in 2011 by £25 billion with a forecasted increase of £40.7 billion by 2017.

Charles Randall, analytics product manager at SAS, said: "There is a need for skilled workers and that's why SAS are investing in the grass roots level of students at school to support them with their education in subjects like maths, science and engineering".