Click here to close now.

SYS-CON MEDIA Authors: Liz McMillan, Dana Gardner, Elizabeth White, Carmen Gonzalez, PagerDuty Blog

Blog Feed Post

CODE_n Accelerates Dialog between Established Companies and Startups at CeBIT

EY analysis: Opportunities and Risks of Big Data

Hanover, March 10th, 2014 - Companies face a double dilemma when it comes to Big Data, i.e. the analysis of large volumes of data: They see the business opportunities, but the ideas on how the subject can be specifically tackled are lacking. Many of the users don't even think twice about revealing their data. These are the findings of a recent analysis by EY (formerly Ernst & Young). EY is a partner of CODE_n, the innovation platform at CeBIT that offers space to start-ups with innovative business models relating to Big Data in Hall 16. The entrepreneurs' aims: To tackle the datability dilemma in a constructive way - in close collaboration with established companies.

The volume of data that was generated worldwide last year was more than four Zettabytes in size, a number with 21 zeros. Where do you begin with something that size? This is a question that more and more companies are asking themselves. According to EY, 79 percent of decision makers in European companies today believe that revenues can be increased by collecting and evaluating Big Data.

So a data repository? More of a data jigsaw: "The companies face very practical implementation problems," says Drazen Nikolic, Partner at EY Advisory and Head of the Enterprise Intelligence Division. "They need employees with technical and analytical skills, but also an in-depth understanding of the company's business so that they can bring together existing data and prepare it in a way that makes it useful. These employees are a rare breed. The often very heterogeneous IT landscape in companies also complicates matters." Legal and regulatory issues relating to data protection also make Big Data a challenge. And then there are the customers themselves: According to EY, 70 percent are unhappy about the fact that companies are already able to utilize their data. Just under half are completely unwilling to share personal data with companies. "So without a strategic plan on how Big Data can be used practically and with convincing and tangible benefits for customers, it won't work. Generally speaking, help and ideas from outside really make sense," says Nikolic.

CeBIT as a reality check for young innovators
CODE_n will be showcasing 50 of the most innovative ideas relating to Big Data. The young companies from 17 countries have fought off competition with their business models from 450 rivals for the CODE_n Award, inspired this year by the motto: "Driving the Data Revolution". At CeBIT, they will have the opportunity to present themselves to decision makers and investors from all over the world.

"For most of them this is the first truly tough reality check," says Ulrich Dietz, CEO of the GFT Group and initiator of CODE_n. "The questions they need to ask themselves are obvious: How innovative is my business concept, really? Can it stand up to data protection requirements? And can I ultimately convince the trade visitors of the relevance of my idea to the real world? Participating in CODE_n is therefore a true baptism of fire."

CODE_n acts as a platform for dialog relating to future topics, stepping up the unconventional exchange between "David" and "Goliath". "In this sense, CODE_n works like an innovations accelerator in the rapidly changing digital economy," says Dietz.

Oliver Frese, Head of CeBIT at Deutsche Messe, is also looking forward to the program in Hall 16: "CODE_n turns the spotlight on discussions relating to our number one topic, Datability, from a very different angle. Experiencing live how the 50 finalists will be bringing fresh impetus to the subject of Big Data with their ideas is an absolute must for every trade fair visitor - and all in front of a very impressive backdrop designed by Reed Kram and Clemens Weisshaar." The pair have developed an imposing trade fair design that reflects the concept of Big Data brilliantly - using gigantic, twelve-meter-tall graphics that completely surround the 5,000-square-meter hall.

The most important information about CODE_n at CeBIT 2014

// The 50 finalists of the CODE_n competition at a glance

// CODE_n conference program in Hall 16

// Hall map with all exhibitors

// CODE_n Award Show: Wednesday, March 12th from 6 p.m., admission free

About CODE_n:
CODE_n is an international initiative for digital pioneers, innovators and groundbreaking startups. Initiated in 2011 by the GFT Group, the goal of this network is to support outstanding business talents and their exceptional business ideas, provide them with a platform for dialog, and therefore stimulate and accelerate innovation in the field. CODE_n stands for "Code of the New", the DNA of innovation. Global partners are EY and CeBIT.

This year, CODE_n will bestow the third annual CODE_n Award under the motto: "Driving the Data Revolution". The contest is looking for business models devoted to the intelligent and efficient handling of large data volumes. For more information, please visit: http://www.code-n.org/.

Press contact:
Felix Jansen
GFT Technologies AG
[email protected]
+49 (0)711 62042-115

Rose Ross
Omarketing, for GFT UK & Ireland
[email protected]
+44(0)208 255 5225

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
WSM International is launching a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. This is the first independent services company to create a dedicated practice to help organizations looking to transition to the DevOps model. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of ...
SYS-CON Events announced today that Cisco, the worldwide leader in IT that transforms how people connect, communicate and collaborate, has been named “Gold Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Cisco makes amazing things happen by connecting the unconnected. Cisco has shaped the future of the Internet by becoming the worldwide leader in transforming how people connect, communicate and collaborat...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Temasys has announced senior management additions to its team. Joining are David Holloway as Vice President of Commercial and Nadine Yap as Vice President of Product. Over the past 12 months Temasys has doubled in size as it adds new customers and expands the development of its Skylink platform. Skylink leads the charge to move WebRTC, traditionally seen as a desktop, browser based technology, to become a ubiquitous web communications technology on web and mobile, as well as Internet of Things...
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
Docker is an excellent platform for organizations interested in running microservices. It offers portability and consistency between development and production environments, quick provisioning times, and a simple way to isolate services. In his session at DevOps Summit at 16th Cloud Expo, Shannon Williams, co-founder of Rancher Labs, will walk through these and other benefits of using Docker to run microservices, and provide an overview of RancherOS, a minimalist distribution of Linux designed...
Business as usual for IT is evolving into a “Make or Buy” decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud busi...
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Thi...
Businesses are looking to empower employees and departments to do more, go faster, and streamline their processes. For all workers – but mobile workers especially – utilizing the cloud to reconnect documents and improve processes without destructing existing workflows can have a dramatic impact on productivity. In his session at 16th Cloud Expo, Mark Grilli, vice president of Acrobat Solutions marketing at Adobe Systems Incorporated, will outline new ways that the cloud is changing the way peo...
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...