Modelling and Simulation: challenges in strategic areas
What are strategic areas?
Strategic areas are areas of the economy within which Modelling and Simulation has the potential to address major business and societal challenges over the next 5-10 years. They are considered from three viewpoints before being accepted as strategic areas for the KTN to focus on: timeliness, high business or societal value and opportunities for mathematics. They are being established in order for the KTN to play a systematic role in the development and delivery of the Technology Strategy. Work in each area will have the objective of setting out the best routes for developing and exploiting Modelling and Simulation to meet business and societal challenges. Areas currently under development include Intelligent Transport Systems and Uncertainty and Risk in Energy Supply, and Financial Products.
What will happen in the strategic areas?
The initial scope of each strategic area will be set out in consultation with the business and academic members of the KTN, and with other parties as appropriate. While much of the subsequent consultation will be conducted electronically, workshops that bring together the key players will be an important part of the process. Each strategic area will be assessed against three criteria: the UK capacity to develop and exploit Modelling & Simulation; the size of the global market opportunity; and the timescale and potential for impact. The output from this work will comprise recommendations and action plans for exploiting the opportunities for mathematics, which will be widely disseminated to all KTN members and to other relevant parties.
Who will manage work in the strategic areas?
The Industrial Strategy Coordinator (Dr Keith Winters) will be responsible for managing the formation and operation of the strategic areas. In doing so, he will work with all elements of the KTN management structure and other relevant parties. In particular, each strategic area will have available a Technology Translator to act as secretariat, thereby benefiting from full access to the specialist input of the wider KTN membership.