Pioneering ICT project wins 1.5m of European funding

A UCL-led scheme to develop computing facilities capable of analysing data on a global scale has received '1.5 million from the European Commission, placing it among six pilot schemes vying for European funding worth more than '1 billion. FuturICT is an interdisciplinary initiative that aims to exploit major advances in data gathering and processing technologies to develop a planetary scale computer called a Living Earth Platform. The Platform's processing power would offer scientists, governmental officials and citizens unparalleled insights into the way society functions and provide a basis for predicting natural disasters, or managing and responding to man-made disasters. At a launch event in Budapest on 5 May, the European Commission awarded FuturICT '1.5 million to develop its proposal over 12 months as one of six pilots for its Future and Emerging Technologies (FET) Flagships programme. The FET Flagships are intended to be large-scale, science-driven initiatives that aim to achieve a visionary technological goal. In the second half of 2012, two of the pilot schemes will be taken forward, each receiving one billion Euros in funding between 2013 and 2023. FuturICT's lead coordinator Professor Steven Bishop, UCL Mathematics, said: 'It is vital for us to understand how our connected systems work so that we may establish working practices that prevents a cascade of failures.