EMC and University College Cork have opened Europe’s first industry-led research centre for regulated businesses in industries such as financial services, biopharma, health services, telecoms and ICT.
Boole Business Labs will initially focus on IT business systems integrity, risk analysis, including cybersecurity, and innovation in regulated industries.
The centre is located in the O’Rahilly Building in the Cork University Business School (CUBS) at UCC and will be run by a team of researchers from the University.
Donagh Buckley, senior director of EMC Research Europe and CTO of EMC Ireland’s centre of excellence, said: “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.
“Many of these businesses depend on highly complex, monolithic systems to handle data. This makes them difficult to manage effectively and slow to respond to new developments in technology.
“The Boole Business Labs allows international businesses, industry bodies, regulators and government to come together to understand and develop solutions to the shared challenges and risks they face in the areas of data governance, risk management and cybersecurity.”
Prof Ciaran Murphy, head of the Cork University Business School (CUBS), said: “UCC is delighted with EMC’s support for the Boole Business Labs initiative and we look forward to adding further industry partners that are interested in collaborating on shared business challenges. The labs bear the name of our most famous academic – George Boole – a professor who besides being the inventor of Boolean logic, which sits at the heart of all computer systems, made an enormous contribution to our understanding of risk through his pioneering work on probability.”
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