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Mathematics for the modern economy
Wed 28 June 2017, 09:00 – 20:00 BST
Industrial mathematics is of significant importance to the UK economy, cutting across many high-value industry sectors, including engineering, finance, defence, life sciences and even sports and entertainment.
To maintain their position and economic benefit, such industries must strive to be advanced, inventive and creative. The same argument also applies to more conventional sectors, such as agriculture, utilities and manufacturing. In all cases, there is a clear need for problems to be defined in a sensible mathematical way and solved to yield the best economic and social outcomes using appropriate, often innovative, mathematical techniques.
Industrial mathematics is currently responding to the uncertain data-rich world which industry now confronts. It is doing this by developing and applying tools that can take account of the uncertainty that can arise in many different situations and can lead to many statistical patterns. All the while, industry-driven problem-solving is expanding remorselessly, leading to ever increasing challenges for the whole mathematics community.
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