<p>There is exciting potential to explore Smart Data in further sectors, beyond Open Banking. Government, regulators and industry experts are working together via the Smart Data Council to ensure that the UK continues to be at the forefront of developments in this space.</p><p>The Smart Data Council was launched in April 2023, for regulators and government to coordinate future schemes and collaborate with industry. A Smart Data Challenge Prize is in development, which will aim to encourage innovation by identifying and developing cross-sector use cases.</p>