On the 21st, data specialist Hectodata announced that it has been selected as a 'data voucher support project supplier' for five consecutive years.
The data voucher support project, organized by the Ministry of Science and ICT and the Korea Data Agency (K-data), is a system designed to address the problems of time, expense, and manpower shortages faced by startups and small and medium-sized enterprises that need to utilize data. It connects 'supplier corporations' that possess data and processing technologies with demand corporations that require data, providing vouchers to demand corporations to support data purchasing and processing.
Demand corporations can utilize government support vouchers worth up to 45 million won to access data collection, processing, and analysis services, thereby strengthening their business competitiveness. Corporations that need data can also get detailed consultations through the Hectodata website.
Hectodata plans to provide advanced services that lead to practical results, such as specialized consulting and customized data processing, through this project. To this end, it aims to actively use advanced technologies such as AI modeling, predictive analytics, and advanced data visualization.
Hectodata has participated as a data voucher support project supplier for five consecutive years since 2021. During this time, it has supplied customized public, financial, and medical data to over 500 institutions and has offered consulting throughout the entire process from strategy development to service implementation. Through this, it supports data-driven business innovation and new service development, aiding corporations in their digital transformation.
Hectodata's support for data utilization is leading to tangible results for its clients. ▲ A healthcare startup that developed a customized health analysis service saw a 25% increase in customer trust, ▲ A small business marketing platform that improved its return on investment (ROI) by 30% using business district analysis data, ▲ An InsurTech company that achieved a 20% increase in customer conversion rates through the development of an insurance recommendation algorithm, demonstrating the value of data utilization across various cases.
CEO Oh Seung-cheol of Hectodata said, "We will do our best to lower the threshold for data utilization so that small and medium-sized enterprises and startups can seize growth opportunities," adding that "we will spare no effort in providing practical support to help corporations rapidly achieve digital transformation."