CISCO is to invest €200,000 with Asystec, a leading data analytics and data management solutions company, in a big data joint venture.
This joint venture will see Asystec delivering their unique methodology and expertise in Data Analytics while CISCO delivers infrastructure and expertise to provide a complete Big Data solution.
Speaking at the announcement of the joint venture, Asystec CEO Les Byrne said, ‘‘When it comes to data analytics you need a number of components to make it deliver; you have to form alliances, and Cisco was an easy choice; in terms of direction we are exactly aligned with their future vision.
Corporate partnerships are fuelling the growth of the world’s most successful companies as the demand to provide new innovative products that deliver on customers’ expectations increases. We believe this partnership will be truly successful and will deliver unique value to our customers.”
As well as the financial investment by CISCO, Asystec will be investing in the venture in terms of HR, marketing and training at the recently launched ‘Innovation labs’ at Asystec offices in Belfast, Dublin, Limerick and Cork.
“We are rapidly beginning to experience what we call the “Internet of Everything”. With each new person, process, piece of data, or thing that comes online, the connection possibilities between all these elements grows exponentially. And yet, it’s not the act of getting connected – or even the number of connections – that creates the value. Rather, it’s the outcomes the connections make possible.”
“The rise of big data represents an incredible opportunity for those who are able to create the processes needed to extract the value and act upon it. Asystec, in collaboration with Cisco, provides the right combination to help businesses deliver new capabilities, richer experiences, and unprecedented returns,” said Adam Grennan, Cisco Ireland Manager.
The joint venture will be rolled out over the coming 12 months, and will see significant human and financial resources committed to the collaborative project.