|Park Yong-ik (left), senior executive at LG CNS, poses with MapR Technologies CEO John Schroeder after an MOU ceremony to codevelop big-data services in New York on Monday. (LG CNS)|
LG CNS, a local leading IT service firm, said Wednesday that it would beef up collaboration with top IT solutions firms to increase its presence in the global big-data industry.
As part of its efforts, the Seoul-based firm signed a memorandum of understanding with MapR Technologies, a leading U.S. Hadoop-based solution and platform developer, on Monday in New York, company officials said.
Under the deal, the two solutions firms promised to cooperate on developing big-data solutions and related products.
Both firms participated in Strata Conference + Hadoop World 2013, one of the world’s largest big data conferences, in New York from Monday to Wednesday.
Prominent ICT firms including Microsoft, IBM, SAS and Oracle join the conference every year, and LG CNS was the first Korean firm to participate in the event that attracted 3,000 ICT developers and researchers.
LG CNS expected the latest MOU to create synergy effects with the combination of LG CNS’ seasoned experience in big-data businesses and analytic consulting at home and abroad and MapR’s solution reference.
“LG CNS will enter the global big data market by developing advanced technology and adopting active marketing tactics,” said Park Yong-ik, a senior director of the advanced analytics business unit at LG CNS.
At the conference, the Korean firm introduced a smart big-data platform, log analysis platform and social media analytics, the firm said in a statement.
IT market research institute IDC forecast that the world’s big-data market would grow from $9.7 billion in 2013 to $16.9 in 2015 with an annual growth rate of 40 percent.
By Kim Young-won (firstname.lastname@example.org)