EMC and UCC invest in Boole Business Labs
It was announced last Friday that EMC, the US IT multinational and University College Cork (UCC) has officially launched the Boole Business Labs.
The Boole Business Labs is Europe’s first industry-led research centre, which enables regulated businesses in industries such as financial services, biopharma, health services, telecoms and ICT to ensure they become innovative while remaining compliant with industry regulations when rolling out new technologies, like cloud and mobile.
The Boole Business Labs is located in the O’Rahilly Building in the Cork University Business School (CUBS) at University College Cork and will be run by a team of researchers at UCC.
The centre will focus on IT business systems integrity, risk analysis, including cybersecurity, and innovation in regulated industries.
Senior Director of EMC Research Europe and CTO of EMC Ireland Centre of Excellence, Donagh Buckley commented :
“In today’s digital world, keeping pace with technological advancements and compliance standards poses serious challenges for highly regulated industries such as financial services and insurance.”
The investment comes on the heels of a similar deal between EMC and Vodafone to invest €2m in an industrial internet of things R&D facility in Cork.
