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Govt unveil E1m for Big Data research

Friday, March 15 10:21:42

The Minister for Jobs, Enterprise and Innovation, Richard Bruton has announced details of the E1 million initial investment in a research programme in data analytics.

This is a key sector growing at 40pc per annum worldwide targeted for jobs growth as part of the 'Disruptive Reforms' in the Government's Action Plan for Jobs 2013.

Top-tier multinational and Irish ICT companies will lead the research agenda at the technology centre. Industry partners include: eBay, Accenture, Dell, Fidelity Investments, Adaptive Mobile, Climote, Cylon, GBR, HP, Moving Media, Nathean Technologies, Nucleus Venture Partners, and Qumas. Research will be focused on developing ways of generating business, profit and ultimately jobs from the high-growth area of data analytics.

Data Analytics is about the conversion of large amounts of raw data into valuable information through the use of statistical techniques and advanced software. An Enterprise Ireland and IDA Ireland initiative, the initial research phase of the Technology Centre in Data Analytics called CeADAR, the Centre for Applied Data Analytics Research, will aim to make Ireland a world leader in this area.

In the US alone, it is estimated that there will be unmet demand in 5 to 10 years of 140,000 - 190,000 analysts and 1.5 million data‐savvy managers.

Data Analytics is a key target sector identified as a Disruptive Reform in the Government's Action Plan for Jobs 2013, growing at 40pc per annum worldwide and offering major potential to Ireland due to established advantages in this area. Establishing an industry-led Data Analytics Technology Centre to work on developing viable business tools in this emerging area is one of the major actions contained in the plan aimed at realising this potential.

Today's announcement comes as part of a series of initiatives by Minister Bruton today to target jobs growth in this sector.