MegaFon says big Russian firms to draft policy on big data

MOSCOW, Oct 17 (PRIME) -- Russian mobile operator MegaFon, Internet companies Yandex and Mail.Ru Group, research company oneFactor, and banks Sberbank and Tinkoff Bank have established an association to set up common principles and standards in the big data sphere, a MegaFon spokesperson told PRIME on Wednesday.

“Members of the association will create common principles and standards of processing, storage, transfer, and use of big data. Joint developments will become grounds for a policy of treating big data by every member company of the association,” the spokesperson said.

“The organization’s priority tasks are elaboration of a business-oriented strategy to develop the big data market, improve technical and operating effectiveness of cooperation of industry actors, and shape a code of ethics to protect users’ interests.”

The association’s president is MegaFon Chief Operating Officer Anna Serebryanikova.

The volume of the big data market could reach 500–800 billion rubles during five years, the company said.

(65.5305 rubles – U.S. $1)

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