PAMELA NEWENHAM Cisco is to invest €200,000 in a big data joint venture with Irish data management company Asystec.
Asystec will deliver its expertise in data analytics while Cisco has the infrastructure to provide a complete big data solution. The Europe-wide deal aims to educate businesses and organisations on analytics.
“It’s huge recognition for a relatively young Irish company to have the backing of a major entity like Cisco, rubberstamping what we are doing in data analytics,” Asystec founder and managing director Les Byrne said.
“The market is in an embryonic stage, and to be working so closely with a technology giant says a lot about our skills in Ireland, and has very positive ramifications for our business in Limerick and Dublin, as well as internationally.”
Exponential growth
Cisco Ireland manager
Adam Grennan
said that with each new person, process, piece of data, or thing that came online, the connection possibilities between all these elements grew 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.”
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 in the Asystec offices in Belfast, Dublin, Limerick and Cork.
