NHN Cloud said on the 3rd that it signed a memorandum of understanding (MOU) with "MicroStrategy Korea," an artificial intelligence (AI)-based data analytics and business intelligence (BI) corporations, to "promote a joint public-private cloud business based on an AI data platform."
Strategy is a U.S. corporations that operates BI solutions—technologies, processes, and tools—that help corporations make efficient, data-driven decisions. It operates AI-based analytics that automatically analyze and extract data and generate visualization dashboards with just text input, and a data integration platform called "Mosaic" that helps nonexperts easily build data models through AI-based automatic design.
Through this MOU, the two companies will cooperate to supply AI-based business BI analytics systems in cloud form to enterprise customers, including public institutions. Specifically, NHN Cloud will provide infrastructure, AI APIs, and security frameworks so that Strategy's solutions can run in a cloud environment, and Strategy will provide demo licenses needed for the solutions' cloud transition.
Furthermore, they plan to jointly support customers in strengthening their data analytics capabilities, improving work efficiency, and increasing AI utilization in operations by using AI-based BI solutions in a safer and more flexible digital environment.
Jeong Gyeong-hu, head of Strategy's Korea office, said, "The key to using public data is the balanced provision of the cloud's scalability and security, as well as an analysis experience centered on real users," and added, "Through the two companies' cooperation, we will create model cases of AI-based administrative innovation, as well as accelerate public institutions' digital transformation."
Kim Dong-hun, CEO of NHN Cloud, said, "We are very pleased to develop cloud-based BI solutions by joining hands with Strategy, which leads the global BI market," and added, "By combining the specialized capabilities of both companies, we will do our best to introduce services that help public and private customers grasp and analyze data and make decisions in a more comfortable environment."