THE government is launching a technology centre for data analytics, beginning with a €1m investment into a UCD-based research programme. The technology centre is part of a five year plan to develop date analytics in Ireland, which the government says is a key sector growing at 40pc per annum.
Data analytics processes large amounts of raw data into valuable information using statistics and software. The government says the new technology centre should make Ireland a world leader in this area as part of its Action Plan for Jobs 2013.
In the US alone, it is estimated there will be a unmet demand for up to 190,000 analysts and 1.5m data‐savvy managers in the next five to 10 years.
The Centre for Applied Data Analytics Research (called CeADAR) will be based in University College Dublin and include input from University College Cork and the Dublin Institute of Technology. Its initial research programme will look at technology challenges to data analytics that have been identified by industry partners, who include eBay, Accenture, Dell and Fidelity Investments.
Making the announcement today, Jobs Minister Richard Bruton said “Establishing an industry-led technology centre in this sector will ensure that the major research strengths we have built up over the past decade are directed firmly towards viable business ideas and ultimately jobs.”