Boole Business Labs, Europe's first digital transformation research centre for regulated industries, has been launched by EMC and University College Cork (UCC).
The joint collaboration between EMC and UCC aims to ensure that industries such as telecoms, financial services and biopharma become innovative while remaining compliant with industry regulations.
Officially opened today by Minister Dara Murphy at UCC, the centre will focus on IT business systems integrity, risk analysis, including cybersecurity, and innovation in regulated industries.
The centre will located at UCC and be run by a team of university researchers.
Dara Murphy, Minister for European Affairs and Data Protection, said: "In this fast-moving mobile-first and digital world, it is important that Irish indigenous, global- businesses and their employees, stay ahead of the curve and embrace new mobile, IoT and cloud technologies, to develop a competitive advantage in international markets.
Donagh Buckley, Senior Director of EMC Research Europe and CTO of EMC Ireland Centre of Excellence, said:
"Many of these businesses depend on highly complex, monolithic systems to handle data. This makes them difficult to manage effectively and slow to respond to new developments in technology.
"The Boole Business Labs allows international businesses, industry bodies, regulators and government to come together to understand and develop solutions to the shared challenges and risks they face in the areas of data governance, risk management and cybersecurity."
