A report from think tank Policy Exchange has suggested that the government could save up to £33 billion per year through big data analytics.

These savings would be divided up with £22 billion through department optimisation, £3 billion through fraud and error prevention and £ 8 billion through tax collections.

The report called for a group to be established in order to identify savings through data and that a unit could be formed along similar lines to the Government Digital Service or open Data Institue.