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JV Rostelecom and VTB in the field of Big Data

Company

Assets

2019: Creation of the company

On November 20, 2019 Rostelecom and VTB announced creation of joint venture in which they will invest 1 billion rubles. Investments will be provided in the ratio 50:50.

Main objectives of the new company following:

  • creation of processing systems, storages, analysis, exchange and data visualization;
  • management of turnover of the advertizing campaigns of clients based on intelligent systems;
  • turnover of the depersonalized and depersonalized data through the exchanges of data exchange.

Rostelecom and VTB announced creation of joint venture in which they will invest 1 billion rubles
Rostelecom and VTB announced creation of joint venture in which they will invest 1 billion rubles

All used data will undergo testing for legality and quality and also will be depersonalized and ciphered before transfer. Data will be stored on the party of the companies project participants.

The technology basis of joint venture will be formed by the platform which will be open for all interested market participants from such industries as a telecom, financial services, retail, development and also for the organizations of public sector.

«
The new platform will allow to structure the Big Data which are saved up in different branches of the economy and to make digital solutions which correspond to modern requirements of the market on their basis — the president-chairman of the board of VTB Andrey Kostin says. — Using these solutions, VTB and its partners will be able to interact more effectively with the clients and to offer new digital products. It is sure that increase in availability and quality of Big Data is one of the main factors of successful development of digital economy in Russia.
»

The head of Rostelecom Mikhail Oseevsky on the sidelines of a forum of VTB Capital "Russia calls!" reported that the joint venture is going to put on the market technologies of data processing the first products on the platform in 2020.

Participants of partnership want to create an open ecosystem in which each new data type or information will allow to increase both monetization, and volume of commercialization, Oseevsky added.