Logica leads the way in putting data masses to work
Leading business and technology service company Logica is the driving force behind the Finnish Data to Intelligence programme (D2I). Spanning several years, the programme is run by TIVIT, a Finnish public-sector company seeking to accelerate the development of Finland's IT know-how. Under D2I, new solutions are being developed for refining and using huge data masses.
Through D2I, the search is on for smart methods and tools, enabling flexible use of various data reserves. The objective is to create innovative business models and services that obtain meaningful benefits from the ever-growing data masses.
Global market intelligence provider, IDC, forecasts that so-called big data technologies and services will grow to a value of around $ 16.9 billion in the near-term. 'Big data' refers to the unprecedented growth in data volumes in recent years. Handling and analysing so much data poses a new kind of challenge. In particular, the data gathered by various devices is set to keep growing. In addition, more and more public data is being opened up for general use.
”To exploit this mass of data, we need to move away from particular technologies and develop smart services, with the user in mind. Turning big data into a business opportunity is just the kind of innovative activity that will make Finland more competitive,” says Heikki Nikku CEO of Logica Finland.
The D2I programme got fully underway at the end of April. With a budget of over €9 million for the first year, the programme is scheduled to last three to four years. A total of 27 firms from various sectors and 10 research institutes are involved. Logica will be the driving force from the company side. The firms will contribute half of the funding, with the other half coming from Tekes – the Finnish Funding Agency for Technology and Innovation.
”R&D under the programme will be done on a networked basis. This will enable cross-sectoral, genuinely innovative solutions for analysing big data. Maybe it's time to dust off an old Finnish acronym, ATK, that would have translated into English as 'automatic data processing'. Under D2I, we are taking a modern, smart approach to automated data processing, but with entirely different data volumes to the 1980s,” continues Nikku.
For further information, please contact:
Jukka Ahtikari, Development Director, Logica
Tel : +358 40 844 9322
Email : firstname.lastname@example.org