Tashkent, Uzbekistan (UzDaily.com) -- On 13 September, Datatech, together with its technology partner, Arenadata, held an intersectoral business breakfast "DataFusion: new opportunities for monetizing your data" in Tashkent. The event presented advanced IT solutions based on DataFusion end-to-end data fusion technology for banks, retail and telecom industry in Uzbekistan.

The participants of the meeting “DataFusion: new opportunities for monetizing your data” discussed the development of innovations in the region, as well as industrial solutions in the field of Big Data using mathematical modeling methods and AI / machine learning technologies for banks, retail and telecom industry in Uzbekistan. Such products help organizations quickly adapt their business to changing market conditions and solve the problem of complex information storage and processing. Datatech experts spoke about their solutions and new technologies, with the help of which companies will ensure data synergy and introduce new data processing methods, including DataFusion technology.

The event was attended by representatives of state structures of the Republic of Uzbekistan, as well as UZCARD, Korzinka, Tenge Bank, Macro, Click, Avotech and a number of other organizations from the fintech and banking industry, as well as retail and telecom.

During the business breakfast, best practices and current trends in the field of data management and analytics, information security tools, modeling methods and machine learning and artificial intelligence technologies, as well as solutions based on DataFusion technology were presented.

“For Datatech, as one of the key players in the field of Big Data, it is important to convey to the international business community the need to introduce innovative technologies like DataFusion. And Uzbekistan is a strategically important market for us: the country’s technology sector is growing, the availability of IT services is increasing, while some niches in the field of working with data remain free. Together with local partners, we plan to develop DataFusion in Uzbekistan and help businesses move towards digital transformation,” said Alexander Fridman, First Deputy General Director of Datatech.

The business breakfast was an excellent opportunity for business and government representatives to talk about how large organizations can more effectively use large amounts of information and increase their monetization; how data exchange between banks, retail and telecom can lead to new products and solutions; and how DataFusion creates new value for the data it collects and helps expand its use cases.

DataFusion technology is one of the most promising areas for working with big data: the concept involves the synergy of information and new methods of processing it, including combining sources to obtain more consistent, accurate and useful information. The main task of DataFusion is to create complex databases from different sources for more productive work and evaluate customer behavior, as well as build effective interaction with consumers based on them.