Organisations in Singapore that want to tap into Big Data but don't have the facilities or the expertise to do so look no further.
Singapore's premier technology body, the Agency for Science, Technology and Research (A*STAR), and the regulatory body, the Infocomm Development Authority of Singapore (IDA) opened the Business Analytics Translational Centre (BATC) in the city state today.
The centre is aimed at helping companies use cutting-edge business analytics (BA) tools to mine and manage big data, so as to gain insights about their business and drive bottom-line growth, said A*STAR and IDA in a jointly issued media statement.
The centre was opened by S. Iswaran, Minister in Prime Minister's Office and Second Minister for Home Affairs and Trade & Industry today.
"As a platform for private-public partnerships and technology transfer, BATC will also be able to attract companies to grow their business analytics efforts and attract companies interested in this area to Singapore," said Raj Thampuran, managing director of A*STAR.
According to the statement, BATC will work with IDA to encourage user organisations and government agencies to leverage BATC's analytics capabilities to apply analytics strategically, to guide business strategy and planning, as well as optimise day-to-day business processes. Areas of collaboration will include organising networking sessions, building up industry analytics capabilities through productisation and commercialisation of BA products and developing a ready pool of local business analytics professionals by
collaborating with Research Institutions and Institutes of Higher Learning (IHLs).
"We are pleased to work with A*STAR to set up the BATC as a focal point for users and developers of analytics technologies to tap on the analytics' intellectual property and capabilities available here today," said Ronnie Tay, CEO, IDA.
BATC is already working with some organisations as partners such as publishing company Wiley, and the Ministry of Law in the government sector.
BATC will also provide training opportunities for researchers, engineers, IT professionals and business analysts from academia and industry to expand the talent pool in business analytics, said the two organisations behind the centre.
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