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SOFTWARE INDUSTRY NEWS |
IBM partners University of Ottawa for new analytics research center |
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IBM and the Telfer School of Management at the University of Ottawa have announced a collaboration to create an international center of excellence for business analytics that will prepare students for careers in the “economy of tomorrow” industries that are likely to benefit from the billions in provincial and federal government stimulus investments. IBM's 2010 Global CFO Study of 1,900 CFOs worldwide had highlighted the need for organizations to gain better insight across their business. IBM said many respondents indicated that they plan to use sophisticated analytics to uncover correlations among seemingly unrelated pieces of information and find patterns nearly impossible to detect manually.  To initiate the new IBM Center for Performance Management, IBM and the Telfer School will invest over $4.8 million in cash and in-kind time of IBM research and development, software, services, consulting and support staff. IBM will contribute hardware and software, while the Telfer School will establish a new $1 million endowment fund as an institutional contribution to the new center. Both parties will collaborate on new business analytics research, focused on performance management innovation that will help guide curriculum for students as they prepare for work in key industries, including healthcare, green infrastructure, clean energy and utilities, education, transportation and public service.This joint research will center on two key areas of business analytics – performance management, and business intelligence – capabilities that help organizations better integrate their global operations, sense and respond, predict and then take action for smarter management, better business decisions and improved performance. As part of the investment, IBM researchers will reside at the University of Ottawa and alongside faculty of the Telfer School of Management in a collaborative lab environment that will include research initiatives for high performance computing with business analytics as well as other research and academic projects. |
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