New funding to boost business innovation with big data
A program to help South Australian businesses improve their competitiveness, productivity and profitability using big data will be expanded, with a $215,000 funding boost by the State Government.
The Big Data Connect Program, delivered through Data to Decisions CRC, will be extended for a further 12 months to help manufacturers adopt new technologies, explore business data and create better products and services for customers.
Data to Decisions CRC Chief Executive, Dr Sanjay Mazumdar said the program works with several manufacturers to help them explore new technologies, evaluate large data sets and offer insight to improve customer and product profitability, performance and competitive advantage.
"Companies have access to more data than ever before, from customer surveys and business apps including CRMs, to the data captured through sensors, video, voice and photography and even social media," he said.
"How they use and capture this information will create new opportunities and help drive business growth. It truly is a catalyst for innovation and change."
The $215,000 program is part of the Manufacturing Technologies Program. Already completed projects include:
- Mayfield Industries – The electrical company collected data from previous tenders to reduce time spent on quotes from days to minutes, improving productivity and competitiveness.
- Seeley International – Using data collected from sensors installed on commercial coolers, the Lonsdale-based manufacturer is now commercialising new technology developed under the program.
- PMB Defence – A leading supplier of engineering services, the company developed a Submarine Intelligence Battery Management System prototype for the Royal Australian Navy. The Big Data project improved their knowledge of their weaker batteries and links to manufacturing processes.
- SEAPA – The oyster basket maker collected high-quality structured data from existing customers to provide insight and recommendations for new oyster farms.
Applications for the Big Data Connect Program are now open. For information and to apply, visit: www.innovation.sa.gov.au/opportunity/big-data.