Analytics Engines awarded contract to support UK and international business respond to regulatory compliance
Analytics Engines are pleased to announce that they have been selected by the Department for Business, Energy, and Industrial Strategy (BEIS) and the Better Regulation Executive (BRE) to deliver the Alpha phase for the ‘Open Regulation Platform (ORP) Project’. This project sets out to investigate if digital technology can provide a new way to approach regulation which could have transformative effects and generate new markets opportunities.
Analytics Engines as project lead, supported by partners Propylon and Big Motive, have been selected to deliver the platform which will enable regulatory innovation by openly publishing UK business regulations as an enriched, machine-readable dataset. The total value of the contract award is £615,000.
Analytics Engines are a leading industry provider of data analytics solutions that empower organisations with data-driven insights that reduce complexity, optimise performance, and build intelligence.
Propylon has been working with governments, legal publishers and Big Four firms for more than twenty years. The company develops software solutions to support the drafting and management legislation, as well as solutions for private sector organizations that need to manage constant changes to regulatory framework.
Big Motive is an award-winning service design and innovation studio that has worked alongside the BBC, ICO and Department of Health.
Analytics Engines Co-Founder and Chief Operations Officer, Scott Fischaber said “This is an extremely exciting project to be involved in and we look forward to bringing our expertise in data science, NLP, AI&ML and Semantic Search, and combining this with the Propylon’s deep legal and regulatory domain expertise alongside Big Motive’s award-winning approach to user-driven design.”
Scott added, “Our aim is to support BEIS and BRE in their objective of delivering an innovative and world-leading regulatory system and to ensure that regulation is smarter, better targeted, and less costly to businesses.”
Propylon CEO, John Harrington said: “This project tackles the complex juncture of creating laws and regulations and making them easier to understand. We’re excited by the potential for technology to make legislation and regulation more accessible to businesses and the public.”
Design Director at Big Motive, Stephen Shaw said: “Designing a great user experience for RegTech developers and editors will support high levels of engagement with the platform, and uncover insights gained from that engagement. We’re excited to start working with our project partners and end-users to co-design solutions that deliver on the potential for transformative change.”
The project kick-off has begun and is expected to last 16 weeks. Further information on the contract award can be found at https://www.digitalmarketplace.service.gov.uk/digital-outcomes-and-specialists/opportunities/14498
Fancy a chat?Get in touch