New IBM collaboratory in Dublin to apply HPC to business

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From ScienceBusiness last week

IBM logoIBM is to set up a computing research “collaboratory” in Dublin, creating 40 jobs at IBM and local universities. It is supported by the Irish government through IDA Ireland.

…While high performance computing today primarily focuses on scientific applications in areas such as physics or medicine, the research in Dublin will focus on how powerful computing systems can be applied to business problems.

For example, the researchers for will study financial services using real-time, intelligent analysis of a company’s valuation developed from business models using data from investor profiles, live market trading and stock market news feeds. The research will also focus on making sense of data from social networks to understand rapidly evolving and changing business trends and opportunities.