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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  NTT DATA Corporation    9613   JP3165700000

NTT DATA CORPORATION

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NTT DATA : Iotic wins Telecoms and IoT Award in NTT DATA's International Open Innovation Contest; UK tech start-ups shine in global innovation awards

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02/03/2020 | 11:12am EST

Digital twin and digital ecosystem enablement specialist Iotic was declared Champion of the Telecoms and IoT Domain at the recent Grand Finale of the global NTT DATA Open Innovation Contest in Tokyo. Iotic's success comes as part of a highly successful delegation of four UK finalist companies, along with Digital Fineprint, Anomalous Technologies and Unmanned Life.

Iotic had previously been named winners of the London Regional Contest of the 10th NTT DATA Innovation Contest, to uncover disruptive ideas and innovation from global tech start-up companies that have 'true potential to change the world'. Iotic was one of 28 finalists, produced from the regional contests in 16 cities on four continents, pioneering a wide range of technologies from AI and automation to IoT and Fintech.

Iotic's Telecoms and IoT Award is recognition of its advanced digital twin technology, which enables digital ecosystems of assets, objects, companies and people to interact automatically and securely across corporate boundaries. Customers including Roll-Royce Power Systems are already using Iotic technology to power digital ecosystems in the manufacturing, transport, construction and healthcare sectors to overcome fractured, inflexible IT infrastructures.

Tom Winstanley, VP New Ventures & Innovation at NTT DATA UK said of Iotic's victory, "Iotic are addressing a real and growing challenge: how to rapidly combine digital twins across organisational barriers to create new services and insights for their clients and to create smart ecosystems. This ambition matches the NTT Group's agenda and industry focus perfectly. Iotic speaks to the NTT Group vision to enable a smart society through digital twin computing and a sustainable photonic network and computing infrastructure, framed in our R&D programme IOWN (Innovative Optical and Wireless Networks) and is a welcome addition to our partner network in the UK."

Robin Brattel, CEO at Iotic said "We are very proud of the technology and team that we have developed at Iotic and delighted to have been recognised with this prestige international award by NTT DATA. We were honoured to be a finalist alongside 27 of the world's most innovative start-ups and technologies. The Grand Finale was a fantastic opportunity to exchange ideas and see how, together we can deliver ground-breaking new services, solve previously intractable challenges and change the world. We look forward to collaborating with NTT DATA, enabling digital ecosystems that deliver the Win-Win-Win for Iotic, NTT Group, and the customers they support."

A great night for UK Innovators

In addition to Iotic's success, other UK finalists walked away with awards. Digital Fineprint was declared Champion of the Insurance Domain, and continuing a fantastic competition for UK innovators, Anomalous Technologies, the AI visual inspection company, was the recipient of the Zamma-award for outstanding pitch, named after Mr Kotaro Zamma, head of innovation at NTT DATA, who founded the awards.

Ali Nicholl, Iotic's Head of Engagement who accepted the award, said, "It was a great privilege to be part of the finals in such a highly-respected global contest for innovation and winning the Telecoms & IoT Domain Award is powerful endorsement of our technology and its potential to deliver disruption. As importantly, the whole event has been a fantastic reflection on the strength and vibrancy of the UK's tech start-up community and its ability to compete on a global stage."

Tom Winstanley, VP New Ventures & Innovation at NTT DATA UK added, "The UK is home to some of the world's best talent and through our contest we can help to bring their technological innovation to the global stage and identify the unique ideas that will make a real impact on our clients' business' and society at large."

Anomalous CEO, Euan Wielewski said: "I'm proud of our progress to date and am looking forward to pushing forward with our ambitious plans for 2020. We already have excellent relationships with some of the world's largest aerospace companies. To expand into the Asia Pacific market would be a step forward in our mission to become the de facto standard tool for aerospace visual inspection."

The Open Innovation Contest 10 Grand Champion was Israel-based Binah.ai for a solution that measures overall health and wellness simply by using a smartphone video to analyse a person's cheek. Kotaro Zamma, Head of NTT DATA's Open Innovation and Business Incubation, said, "Our annual contest demonstrates that innovation is progressing everywhere, from advanced countries to emerging countries. Issues vary greatly from one region to the next, so different start-ups using the same technology can come up with very different solutions."

About Iotic

Iotic is the leader in digital twin technology and digital ecosystem enablement, empowering enterprises in their unique digital transformation journeys. The Iotic operating environment and toolset enable interactions between infinite endpoints, with access to all data and controls, throughout their entire lives. This is the key to the Iotic vision where any Thing can interact with and, read, any other Thing, where the promise of AI and Machine Learning can be fully realized.

For more information visit: www.iotic-labs.com

About NTT DATA Corporation

NTT DATA is a leading IT services provider and global innovation partner headquartered in Tokyo, with business operations in over 50 countries. Our emphasis is on long-term commitment, combining global reach with local intimacy to provide premier professional services varying from consulting and systems development to outsourcing. For more information, visit www.nttdata.com.

For further information please contact:

Ali Nicholl, VP Communication, Iotic, Ali.Nicholl@iotic-labs.com / +44 (0) 7714 429 562

Peter Rennison, PRPR, pr@prpr.co.uk / +44 (0) 1442 245030

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
NIPPON TELEGRAPH AND TELEPHONE CORPORATION -1.88% 2685.5 End-of-day quote.-1.70%
NTT DATA CORPORATION -2.95% 1347 End-of-day quote.-2.04%
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Financials (JPY)
Sales 2020 2 271 B
EBIT 2020 150 B
Net income 2020 94 532 M
Debt 2020 352 B
Yield 2020 1,40%
P/E ratio 2020 19,2x
P/E ratio 2021 16,6x
EV / Sales2020 0,95x
EV / Sales2021 0,93x
Capitalization 1 811 B
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Number of Analysts 14
Average target price 1 724,62  JPY
Last Close Price 1 291,00  JPY
Spread / Highest target 54,9%
Spread / Average Target 33,6%
Spread / Lowest Target 12,3%
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Yo Honma President & Representative Director
Tsuyoshi Kitani Director & Senior GM-Technological Innovation
Shigeki Yamaguchi Representative Director, EVP & Head-Corporate
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