Customized Big Data Analysis Drives Local Business Growth... Busan City Achieves Excellent Results in 'SME Big Data Analysis and Utilization Support Project'

30 Companies Receive Customized Big Data Analysis and Consulting

Performance Report Meeting Held on 16th, Sharing Cases and Awarding Outstanding Companies

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Dong-guk] Busan City successfully promoted this year’s ‘Small and Medium Business Big Data Analysis and Utilization Support Project,’ leading the growth of local companies through customized big data analysis for SMEs.

The ‘Small and Medium Business Big Data Analysis and Utilization Support Project’ is a program that Busan City has continuously pursued since 2020 to create a regional data industry ecosystem. It matches local SMEs struggling to utilize big data with data-specialized companies to provide customized big data analysis and consulting support.

This year, 30 local SMEs wishing to utilize big data were selected. The project identified each company’s business issues and provided tailored solutions through big data analysis for product and service planning, development and production, marketing, and manufacturing process improvement.

Looking at key achievements by supported companies: ▲‘Zero to One Dental Laboratory,’ which designs and manufactures dental prosthetics, developed a similar tooth recommendation model, reducing tooth design and production time from 10 hours to 1 hour, increasing production volume more than sixfold ▲‘Orae,’ which provides solutions for unmanned store operations, analyzed customer data by store and developed and applied a customer churn prediction model ▲‘Techross,’ which manufactures and maintains ship ballast water treatment devices, developed and applied a fault sign prediction model for ballast water treatment devices, achieving practical results in various fields.

Accordingly, on the 16th, the city held the ‘Small and Medium Business Big Data Analysis and Utilization Support Project Performance Report Meeting’ to foster a data utilization atmosphere, sharing the project’s achievements with many local business stakeholders and exploring future development directions.

At this event, three companies with outstanding results in the data utilization excellence competition (Grand Prize: Zero to One Dental Laboratory, Excellence Award: Orae, Techross) were awarded the Busan Mayor’s Award.

Demand companies for 2023 will be recruited around February to March next year through the Busan City and Busan IT Industry Promotion Agency websites. Twenty companies will be selected to strengthen and operate consulting further. Based on the secrets of this multi-year project, the city plans to focus more on enhancing corporate capabilities by providing some companies with data product development and sales, data management programs, and more.

Lee Jun-seung, Director of the Digital Economy Innovation Office, said, “In the era of digital transformation, the city will actively strive to create new businesses and strengthen corporate competitiveness through data utilization.” He added, “We will continue to do our best to build a green smart city Busan by strengthening local companies’ data utilization capabilities and fostering a self-sustaining data industry ecosystem.”

This content was produced with the assistance of AI translation services.