The integration of big data technologies has emerged as an exciting new paradigm for industry and life. Needless to say, the importance of supercomputers and computational methods for nowadays science and engineering are on the rise. However, these powerful methods and machines are no longer used by scientists exclusively. Businesses are taking a piece of the action too.
Large-scale computing (LSC) technologies give companies a competitive advantage by helping them to be more efficient and quickly discover new insights that drive revenue. For instance, by processing tons of raw data to make predictions or create simulations LSC technologies take the guesswork out of business decisions.
In the field of life sciences, including pharmaceutical, biotechnologies and healthcare industries, big data technologies can be used to create a molecular chemistry model to help diagnose and treat patients. Also, it can be used for clinical data mining to find new medical breakthroughs or identifying genetic patterns, knowledge of which allows preventing certain DNR disorders from developing.
In high-stakes energy industry companies use LSC technologies to analyse data from seismic surveys, create geological models and simulate drilling. It means that today new oil and gas deposits findings require data-driven decisions where to drill, how to drill, and what to expect.
Financial service industry is yet another example of the successful usage of big data. The industry faces new regulations, cybersecurity risks, and tons of electronic payments every day. Therefore, financial service companies use LSC technologies to model economic equations, complete financial transactions in milliseconds and react quickly to market changes.
Even though computational methods are used relatively widely, using them efficiently requires both, expert knowledge, and solid experience applying the technologies. In this context, BalticLSC project plays a crucial role by identifying fields where LSC capabilities could boost business competitiveness, providing necessary competences to those in need, and expanding the capacity of LSC service providers in the Baltic Sea region.