Pakistan Data Lab With JBS
Lahore,
April 06, 2017: To help companies address large amounts of data, JBS, an IT
solution provider, has acquired Blutech Consulting.
Use of data is increasing at an exponential rate. According to
Google CEO Eric Schmidt, every 2 days, as much information is created as was created
from the dawn of civilization up to 2003. This means 2.5 quintillion bytes of
data are created every day, which is equivalent to 57.5 billion 32 GB iPads.
This influx of data has caused a disruption and is shaking industries,
societies and even day to day life. Hiding within those mounds of data is
knowledge that could change a life, or change the world. However, the goal is
to turn the data into information and information into insights.
Mr. Veqar Islam, CEO of JBS, said about the acquisition: “In a few
years JBS intends to acquire more promising, futuristic and innovative startups
that have the potential to solve business/social problems. We believe our model of acquisition provides
the right blend of investment and structure which in turn would not just
increase the chances of success for startups like Blutech, but also enable them
to scale operations in Pakistan and outside.
Kashif Jadoon, Chief Executive, Blutech Consulting, said: “I am
very delighted today to become part of such a large group that has the
credibility of decades in this industry. We have very strong ideas and a
committed team and now with this acquisition, we have the strength and
experience of JBS which we can leverage to become a powerhouse of Big
Data/Analytics locally and internationally.”
The multi-million rupees investment being made by JBS, besides
helping Blutech in developing a strong knowledge base in the country, would
also be used for setting up a data lab. This would enable JBS to develop strong
products that bring further value to organizations looking to unlock the
potential of Data.
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