In­fo­comm Foun­da­tion, Dutch firm ink big data business deal

The Sun (Malaysia) - - SUNBIZ -

AM­S­TER­DAM: Malaysia In­fo­comm Foun­da­tion (MIF) and Xom­nia B.V. of the Nether­lands signed a frame­work co­op­er­a­tion agree­ment on Mon­day to set up a joint ven­ture (JV) com­pany in Malaysia spe­cial­is­ing in the big data business.

Big data refers to data sets that are so large or com­plex data that tra­di­tional data pro­cess­ing ap­pli­ca­tion soft­ware is in­ad­e­quate to deal with them.

The agree­ment was signed by MIF chair­man Raja Mazhar Mo­har Tun Raja Mo­har, ex­ec­u­tive di­rec­tor Saad Mo­hib and Xom­nia found­ing part­ners Wil­liam van Lith and Ol­lie Dap­per.

It was wit­nessed by In­fo­comm founder Datuk Mohd Radzi Abd Latif.

Raja Mazhar told Ber­nama that the JV com­pany would be set up within a year to help re­alise the gov­ern­ment’s goal of pro­duc­ing 20,000 data an­a­lysts and 2,000 data sci­en­tists by 2020.

“We want to be at the fore­front to sup­port the gov­ern­ment’s pol­icy un­der the Big Data Frame­work and the dig­i­tal econ­omy,” he said.

Raja Mazhar said by part­ner­ing Xom­nia, a pioneer in datathon in the Nether­lands, the new com­pany also aims to make Malaysia an international hub for big data en­trepreneur­ship.

It would also fo­cus on de­vel­op­ing young tal­ent through a com­pet­i­tive en­vi­ron­ment in datathon.

Van Lith said his com­pany was “very ex­cited” with the part­ner­ship as it would pro­vide a chance to achieve its big data and ar­ti­fi­cial so­lu­tions on a global scale.

“We are also very happy that we can now ed­u­cate tal­ent on a larger scale than ever be­fore,” he said.

Cit­ing ex­am­ples of the big data business, he said Xom­nia cre­ated and de­vel­oped pre­dic­tive mod­els such as when a bur­glary would hap­pen and pre­dict­ing an en­ergy cri­sis.

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