Description: The Federal Government and Communitech hope that a $6.4-million contribution into a new database containing Big Data from various industries will help grow southern Ontario’s economy.
Date: August 13, 2013
Communitech has launched Data.Base, which it claims is the world’s first structured big data ecosystem. Data.Base, a collaboration amongst government, academia, and the private sector formerly known as Intelligent Media Networks, is funded by a $6.4-million contribution to Communitech from the Federal Economic Development Agency for Southern Ontario’s Technology Development Program. The program aims to harness the power of big data to drive new business creation and job growth. Read Rest of Story.
Questions for discussion:
1. Do you think an investment like this was wise for the health of Ontario’s economy?
2. Do you feel that 6.4 million was a reasonable investment for a project of this magnitude?