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An institute named after computer pioneer and code-breaker Alan Turing is to be set up, the chancellor announced in his Budget speech on Wednesday.
The Alan Turing Institute will focus on new ways of collecting, organising and analysing large sets of data - commonly known as big data.
The government will provide £42m over five years for the project.
Universities and other interested parties will be able to bid for the funding to set up the institute.
Turing received a posthumous royal pardon last year, following a conviction for homosexual activity.
http://www.bbc.com/news/technology-26651179