Jane Edwards
Xerox’s PARC subsidiary and consulting firm Nomura Research Institute have teamed up to develop new technological platforms for medium-size and large corporate organizations through research and development collaboration.
The companies will work to explore project opportunities in the areas of data analytics, information technology systems, information security and consulting services under the memorandum of understanding, Xerox said Wednesday.
PARC will also combine its R&D experience, licensing models and patents with NRI’s experience in system integration and management consulting.
“The need for data analytics, especially in the financial sector and public infrastructure sector, is enormous given our borderless, digital market that drives much innovation, consumer choice and new types of consumer behavior not only online but in the physical world as well,” said Aki Ohashi, director of business development at PARC.
