Our world is ever changing and the amount of data that companies today deal wth is getting larger and larger every day. Therefore Communitech has launched the world’s first ever structured large data ecosystem, Data.Base, according to it at least. The private company Media Networks, academic personnel and the government joined hands to form Data Base. The Federal Economic Development Agency for Southern Ontario’s Technology development program gave large amounts of fund to the initiative. The sum funded was a whopping $6.4 million which will help the data base to help large companies keep records efficiently.
“We are excited by the possibilities the Data.Base program represents for job creation in southern Ontario,” stated the Honourable Gary Goodyear, Minister of State for FedDev Ontario. “Harnessing the power of big data is a massive challenge, but one that has incredible potential to change the way business functions in every industry.”
Data.Base is built by a professional bunch of professionals who through extensive and complex algorithms have built such a platform for companies that require large amounts of data, so that they can save and make use of this large information efficiently. Its goal is to help academic, and all kinds of organizations to help explore large amounts of data with utter ease. Data.Base, through the latest sensor technology and other smart tools, has the capability to tap and use information on large scale like never before. Its foremost priorities based in which the whole setup was initiated include security and the movement and analysis of large data for example from remote years quite easily. It aims to commercialize and broaden the need for intelligent representation of data to cater a large proportion of the market sectors.
“Our first project, to launch satellites and mine shipping data for commercial use, is only the tip of the iceberg,” says Glenn Smith, Data.Base’s Program Director. “As the program moves forward and new partners join the collaboration, we’re set to explore new and innovative data gathering methods, such as remote sensors. Our ultimate goal is to help build an infrastructure for commercializing big data in a way that has never been attempted before.”
“Some current members of the program include exactEarth, a data services company; the Institute for Quantum Computing (IQC), a scientific research institute at the University of Waterloo; and Rowan Williams Davies and Irwin Inc., a firm of consulting engineers and scientists. Others include the UTIAS Space Flight Laboratory and the Centre for Research in Earth & Space Science.”
Source: TechVibes
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