Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Japan to advise business houses to share big data

Japan to advise business houses to share big data

According to new guidelines Japan will support companies to share big data they collect this in return will make businesses cooperate better on developing new products and services in the age of the "internet of things" instead of keeping all the information to themselves.

The guidelines for the use of big-data will be published in May by an advisory board under the Ministry of Economy, Trade and Industry and the same will be reflected in the government's development approach to be outline this summer. That’s not all; there is also talk of creating a new framework for resolving disputes over big data.

As of now, the manufacturers likely to have the solitary rights to the enormous amounts of data collected from cars, factories and other places. But the companies themselves have a partial aptitude to build up new technologies from this information. METI sees a need to craft a framework that lets different companies to share the information.

Under the proposed METI guidelines, the companies will be advocate to elucidate who has the rights to which data when buying business equipment from or entering into partnerships with others. There will be sharing of all the collected data other than trade secrets, so that parts makers, which have been uncertain to use big data, and other companies can use the information to build up future products. Not only this, the guidelines can counsel that companies should make a decision beforehand how they share the proceeds from big data.

METI will proffer examples of data-sharing agreements in the automotive, machine tool and building protection fields, areas where big data is rapidly clutching on grip. And, as the automotive trade is facing a paradigm shift from advancements in self-driving technology, ride-sharing services and other breakthroughs, the all new guidelines will pave the way for automakers, makers of in-car electronics, rental car operators and other members of the industry to share information with each other.



Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...