DataStreams, a data fabric company, held its 21st-anniversary event at the Novotel Ambassador Hotel in Gangnam on the 16th of September.

CEO Lee Young-sang said in a congratulatory speech, "For the past two years, I have been disappointed to hold an online foundation anniversary event due to COVID-19, but I'm glad to meet you face-to-face this year now that the restrictions are lifted," adding, "Through this time, we can look at how the company has changed and use it as an opportunity for DataStreams to continue its leap forward."

Mr Lee added, "We are trying to become a great company that enters a 100-fold market through globalization and the establishment of a platform business system in a domestic product-based service company with big data source technology."

It plans to gradually attract funds through free IPO (pre-listed investment attraction) and flexible IPO strategies to make a quantum leap via global product innovation and market expansion.

More than 180 people were in attendance, including executives, employees, advisors and foreign guests. The ceremony started with a celebratory speech, followed by a special lecture from Mr Lee, the Rookie of the Year and Leadership Awards, Long-term Service Awards, a special lecture on history and humanities, a classical music performance, a raffle, and commemorative photos.

DataStreams will help prepare an intensive and proactive response system through the big data platform for infectious diseases.

On the 3rd of August, DataStreams attended the launch briefing for the "Big Data Platform and Center Construction Project in the Infectious Disease Field" and announced its platform development plan.

The project is a 7 billion won state-run project that the Ministry of Science and ICT and the Korea Intelligence and Social Security Agency (NIA) have teamed up to establish.

The system is intended to combat infectious diseases by converging public and private data.The platform will utilize scientific evidence for quarantine policies, secure medical system stability, and support the development of vaccines and other new drugs.

It will also establish 130 types of convergence of big data in disease, communication, economy, and medical fields to analyze changes in the industrial economy.DataStreams was tasked with building the big data platform system for this project, forming a consortium with the Korea Institute of Science and Technology (KIST), the Bank of Korea, the National Medical Center, OmniSystem, Selkey, Vinea, and Magis to promote the project.Lee Dong-Hyun, managing director of DataStreams AI Research Group, who was in charge of the project's proposal, said, "DataStreams will be an important cornerstone in becoming an AI company.

"Park Sang-gu, managing director of DataStreams, who is a project manager , said, "Our platform will include a virtuous cycle ecosystem with the ability to create, manage, distribute, utilize, and circulate information back to the platform."

DataStreams CEO Lee Young-Sang announced on the 14th of July that its real-time DBMS replication solution "DeltaStream v3" has obtained the first grade of GS certification from the Korea Information and Communication Technology Association (TTA).

GS  is a national certification system that guarantees software quality excellence. Based on international standards, tests on functional suitability, performance efficiency, usability, reliability, and security are conducted to comprehensively evaluate the quality of the product. Following this process, a certification review committee is held to decide whether or not to issue certification.

DeltaStream is a real-time DBMS replication solution. "Change Data Processing (CDC)" technology, which extracts DBMS' data change information and transmits it to the target system, is applied. This is implemented as a process of recognizing the change of the Redo log file in the source DBMS area in real time, transmitting it to a DeltaStream server, extracting the change data, and replicating it to the target DBMS. The ability to process change data quickly and accurately in real time is its core strength.

Since its launch in 2011, DeltaStream has secured stability by applying products to various areas such as finance, public sector, and manufacturing, said Kim Hyun-chul, managing director of DataStreams' product service division.

(2022 big data platform and center construction project- budget for the project is around 7 billion won) held by the Ministry of Science and ICT and the Korea Intelligence and Social Agency (NIA).

DataStreams is currently negotiating with NIA regarding the fulfilment of the project and is scheduled to sign a formal agreement by the end of June.

DataStreams has signed up for a consortium with the Korea Institute of Science and Technology (KIST), the Korea Centers for Disease Control and Prevention, the National Medical Center, Catholic University Medical School, Seoul National University, the Bank of Korea, and SK Telecom to build big data platforms and centers for infectious diseases.

As part of the development of the AI and big data industries, which are the core drivers of the 4th industrial revolution, the government will promote the provision of scientific evidence for medical system stability, vaccine and new drug development, the convergence of big data in disease, communication, economy, and medical fields.

Another of the project's aims is to contribute to the creation of a foundation for revitalizing the data industry. It will do so by establishing an intensive and proactive response and prediction system for infectious disease pandemics and providing an open-use environment for data through the AI-based infectious disease response prediction model.

DataStreams, a big data company that has data integration, data governance, and big data solutions, will be able to further expand its business in the AI field thanks to this project.

As part of the project, DataStreams will continue to develop AI medical data application services through cooperation with KIST, the National Cancer Center, the Korea Centers for Disease Control and Prevention, and Seoul National University, CEO Lee Young-Sang confirmed.

Lee Dong-Hyun, managing director of DataStreams AI Research Group, who will be in charge of the project, said, "The new AI big data platform applied with AI new technology has been highly evaluated and will be an important cornerstone DataStreams' goal to become an AI company."

DataStreams has also acquired a patent for a technology that uses a data catalog to inquire about datasets and provide automatic recommendation information to users by applying an AI recommendation model. It is also planning to release, at the end of this year, "TeraONE IDEA," a machine learning operation (MLOps) product that supports the distribution, maintenance, and management of AI models stably and efficiently in a production environment.

(Photo description: Lee Young-sang, presenting at the Kazakhstan conference.)

Lee Young-sang, CEO of DataStreams, recently announced the company's big data project in Kazakhstan and advised on the direction of ICT development in Kazakhstan. DataStreams plans to set the stage for entering Central Asian countries by establishing a big data analysis platform in the country.

Mr Lee attended conference named "Appraisal of the Needs-Assessment Survey Results on Digitalisation", held at the Astana Expo in Kazakhstan on the 15th of June. Mr Lee spoke on the difference between digital transformation and digitalization, the current status of digital government data usage in Korea and its future direction, data governance, big data platforms, and what must be done to accelerate digitalization.

About 80 people attended the event, including Kazakhstan's IT and deputy ministers. Government officials from Central Asian countries such as Kyrgyzstan, Armenia, Azerbaijan, Georgia, Tajikistan, and Uzbekistan, as well as officials from the United Nations Development Program (UNDP), the United Nations Economic and Social Affairs Agency (UNDESA), and the Asia-Pacific Economic and Social Committee (UNESCAP) participated in the discussion on digital transformation.

In Korea, officials from DataStreams, Korea Intelligence and Information Society Intelligence (NIA), and other consulting and technology companies were in attendance.

After the conference, Mr Lee met with ZERDE and NITEC officials, major partners in Kazakhstan, to discuss big data platform construction, employee training projects, and developments in Kazakhstan's data field.

They also discussed in depth the issue of entering Central Asian countries, with a focus on Kazakhstan, as part of their strategy to enter the global data market. Zerde is an affiliate of Kazakhstan's Ministry of Digital Development and Defense Aerospace Industry and was established in 2008 with the aim of promoting Kazakhstan's information and communication society and enhancing competitiveness in the ICT field.

Mr Lee said, "Through this conference and visits to companies and schools, we were able to see that Kazakhstan is interested in big data technology, and we could see how DataStreams' big data platform can help," adding, "We want to pave the way for entering Central Asian countries through this Kazakhstan project."

The green light for the relocation of KOSDAQ...

"I'm grateful for the recognition of our extensive R&D over the last 20 years with the highest-performing technology." 

DataStreams CEO Lee Young-Sang announced on the 3rd that it received an A grade from both Nice Evaluation Information and Nice D&B, a technology special listing evaluation institution designated by the Korea Exchange.

DataStreams, which celebrates its 20th anniversary this year, is a leading company in the domestic big data solution market. It is currently seeking to transfer to KOSDAQ. The award of an A grade is expected to act as a positive influence on the process of requesting a preliminary listing review in the future.

Mr Lee said, "This result means that 15 data solution technologies developed by DataStreams with huge R&D costs and manpower over the past 20 years have been recognized for their usefulness in developing industries such as public, financial, manufacturing, distribution, and medical.

In order to pass the evaluations from both institutions, we needed to achieve at least A or Triple B, and they have been recognized for their excellent technology," he said. "Although the results of the technical evaluation are disappointing, we will steadily prepare for the listing preliminary review process so that we can start the IPO process."

DataStreams CEO Lee Young-sang yesterday won the Global Management Award at the

"2021 Person & Management Who Shined the Korean Economy."

" The ceremony was hosted by Maegyeong Media Group at the Hilton Hotel. "

DataStreams, which celebrated its 20th anniversary in September this year, is a leading company in the domestic big data solution market.

The company commented, "We are evaluating the domestic big data platform market by out-performing global company Cloudera in the public sector," adding,

"We are particularly grateful for the special recognition of our global technology from Gartner" DataStreams is currently seeking to be listed on the KOSDAQ.

Lee Young-Sang, the CEO of DataStreams, a leading domestic company in the big data field, spoke at a press conference to mark the 20th anniversary of the company's foundation.

At the end of last month, major media outlets including GDNet Korea, Maeil Business, Electronic Newspaper, Herald Business, and IT Daily attended the press conference held at the headquarters of Seocho-dong, Along with Mr Lee, company vice president Kim Tae-Hong and executive directors Lee Kun-Ho and Jeon Myung-Seok were also present.

DataStreams, which has been leading the domestic data market, was established by Mr Lee in September 2001 and celebrated its 20th-anniversary last month.

Having obtained a master's degree in electronic engineering at Michigan State University and a doctorate at KAIST, he founded the company out of his passion for all things data.

The company has been a pioneer in the domestic data market for the last 20 years and is particularly well-regarded in the domestic ETL market. ETL refers to extracting, converting, and loading data (extract, transform, and load). In the early 2000s, foreign ETL called prism accounted for 70-80% of the domestic market, but, in almost like-for-like reversal, DataStreams now accounts for 70-80% of the same market.

DataStreams was recently recognised by Gartner, a research company that has an enormous influence in the global computing market. The company was selected as a Magic Quadrant (MQ) Honorable Vendor in 2021 in the field of data integration tools. Mr Lee welcomed the recognition, saying, "When I first started my business 20 years ago, there were many people, who were concerned that data wont be a profitable asset, now they can witness this extreme situation change"

In line with this representative philosophy that values technology, DataStreams has invested more than 80 billion won in R&D over the past 20 years.

This is quiite an amount for small and medium-sized SW companies.

Thanks to this investment in R&D, the company has developed 14 different data solutions products. Four types of Big Data solutions (integrated big data platform 'TeraOne', data virtualization solution 'TeraOne Super Query', Hadoop support solution 'TeraStream for Hadoop', real-time IoT data processing solution 'TeraStream Data Processing Solution', 'TeraStream Bastream 'Query', and 'TeraStream Data Processing Solution').

Seven types of data governance solution (data governance integration platform 'IRUDA', data documentation 'MetaStream for Bizdata', data standardization management solution 'MetaStream', master data management solution 'MasterStream', data quality management solution 'QualityStream' and others.

[ITDaily] DataStreams has announced that it has been selected as an "Honorable Vendor" in the "2021 Magic Quadrant: Data Integration Tools" report released by Gartner in August 2021.

The report selects companies that have achieved innovative IT results by providing hybrid and multi-cloud data integration and virtualized data management platform services.

Gartner commented, "DataStreams has data integration, data governance, and big data platform capabilities, leading the next-generation big data platform trend, Data Fabric."

Gartner also provides standalone products for specific data needs, such as "TeraStream" for large batch data processing, "TeraStream" for streaming data processing, "DeltaStream" for changed data real-time loading, "TeraONE" for data lake products, and "TeraONE SuperQuery."

It also provides various data governance use cases through the 'IRUDA' platform, and collaborates with visualization partners such as 'Tableau' and 'Qilk' to provide its own visualization and analysis platforms 'SuperVisual' and 'TerraONE Idea'."

DataStreams has continued to evolve based on global technology competitiveness in the field of data integration. In particular, as part of a next-generation big data platform strategy, it provides services for integrating data collection, managing data governance, and utilizing data analysis.

The company also provides various big data analysis business services for customers who need them.

DataStreams recently announced that it has acquired a U.S. patent related to real-time changed data capture (CDC).

The patent, acquired in the U.S. following the Korea patent, is a key technology applied to DeltaStream™, a solution that was developed in-house by DataStreams. DeltaStream replicates data that changes in the source database management system in real-time.

It is implemented as a process of recognizing changes in redo logs or archive log files in the source DBMS area in real time, replicating them to a "DeltaStream™" server, extracting change data from the replicated log file, and replicating it to the target DBMS. Due to these characteristics, it is possible to minimize the load on the source DBMS.

Chun Seung-Tae, head of the DataStreams Technology Institute, revealed, "There were many difficulties along the way, but we were able to succeed in registering our first patent in the U.S. He added, "DeltaStream is a ground-breaking product that is easy to operate and recover from any failures."

DataStreams announced on the 20th of August that it has conducted training and consulting courses on data governance for employees of the Military Manpower Administration's information department.

DataStreams introduced an overview of data governance and deployment cases and suggested strategies for promoting data governance for data-based military administration services.

In addition to this seminar, DataStreams plans to develop expertise in the defense sector based on their experience in carrying out various defense projects.

Currently, DataStreams is conducting a metadata visualization project for the Defense Ministry's Armed Forces Command and Communication unit and has also won a product order for the National Military Manpower Administration's data analysis-based statistical system upgrade project. 

"The Military Manpower Administration is planning to establish a system that focuses on the future direction of military administration information development," Kim Myung-shin, head of DataStreams' defense group, stated. He added, "DataStreams plans to actively target the military's projects in the future."

DataStreams, a pioneer in the domestic data industry, celebrated its 20th anniversary last year. Even before such a heavily data-focused market developed in Korea, the company led by example, releasing data integration solution TeraStream as well as flagship products DeltaStream and MetaStream.

In 2016, DataStreams also launched TeraONE, an integrated platform that combines its core products to support the entire process of data management.

The significance of data has only increased to this day, and DataStreams is positioned as a powerhouse in the domestic market owed to  its premium technology and extensive product lineups.

In addition to its skills honed in Korea, DataStreams is also actively entering overseas markets.

It has already established local subsidiaries in the U.S., China, and Japan, showing that its technology will not be subdued even when competing with major global companies.

Furthermore, given the Vietnamese government's increased interest in smart city development, DataStreams participated in the "Smart City Asia 2022" exhibition in Ho Chi Minh City, showcasing its outstanding technology and products.

DataStreams entry into the Vietnamese market is no sudden phenomenon. The company has already established a local corporation (DataStreams Asia) in Hanoi in 2016 to target the Southeast Asian market, continuously accumulating large and small business results.

Following on from its excellent performance and the trust it has garnered as a result, in August 2018, about two years later, the company succeeded in entering the public market by winning the "WeGO Sustainable Smart City Preliminary Feasibility Study" project in Danang, Vietnam.

The Vietnamese government announced a smart city development strategy in 2018. The "Preliminary Feasibility Study for a Smart City in Danang City, Vietnam" project is part of the government's smart city development strategy and aims to establish an effective road traffic control system using CCTV video data in Danang City.

DataStreams was responsible for implementing data management consulting and analysis models for the system using its big data integration platform 'TerraOne', and cooperated in leading the project to success.

As the COVID-19 pandemic brought the world to a halt, Vietnam's smart city development strategy was struggling. However, recently, various smart city projects have been popping up in Da Nang and other parts of Vietnam.

In response to this, DataStreams is also speeding up its efforts to target smart cities in Vietnam.

I met with Kim Tae-Hong, vice president of DataStreams, to learn more about the current status of the Vietnamese smart city market and DataStreams' strategy."

Spreading Smart City Projects in Major Cities

"What is the goal of entering the Vietnamese smart city market?"

"In recent years, the 'Ubiquitous-City' trend has gathered pace in Korea.

U-City projects have sporadically appeared all over the country, most notably Cheongna U-City in Incheon and Dongtan U-City in Hwaseong. The goal of the smart city project is to provide citizens with convenient living, a comfortable environment, and convenient transportation by utilising technological advances for the U-City project.

Vietnam has been paying close attention to the smart city, viewing its implementation as a potential mid-to-long-term economic growth strategy for several years. In 2018, Da Nang conducted a test and verification process, but following COVID-19, several cities in multiple regions are pushing for smart cities, resulting in major growth of businesses in the industry. Korea is also providing support through the Korea International Cooperation Agency (KOICA).

However, the standard of Vietnam's smart cities is not the same as that of those in Korea.

Firstly, the basic infrastructure itself is fairly poor. If we look at how road traffic control is carried out, Korea focuses on a system that can properly utilize video data thanks to cameras that are already installed on most roads. However, in Vietnam, basic roads themselves are often poorly maintained. Before collecting data on road traffic, the roads themselves must be significantly improved, which means the development of smart cities throughout Vietnam is still just a concept. 

There are, however, some cities that are significantly more well-structured. Their infrastructures can be compared to the early 2000s in Korea, and they, therefore, do qualify as smart cities, in some regards. It, therefore, seems to have a direction to verify the feasibility and technology by conducting smart city projects centered on new cities, and to evolve by adding various latest technologies in the future.

Could you tell us more about 'Smart City Asia 2022' ?

The "Smart City Asia 2022" exhibition was sponsored by the Vietnamese Ministry of Information and Communication and the Ministry of Foreign Affairs to look at the smart city industry and technology in general. From the 26th to the 28th of May, it was held at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. It was the first major event held following the COVID-19 struggle and over all three days, it attracted many visitors interested in the concept of smart cities in Vietnam. In Korea, about 20 smart city industry-related companies were selected to participate by the Korean Federation of Small and Medium Businesses and the Ministry of Small and Medium Venture Businesses. 

During the exhibition, DataStreams set up a booth separately from the Korean Corporate Exhibition Hall to promote its brand and deliver smart city-related information to visitors. Local company officials and other IT-related companies showed a keen interest in our company. The seminar received a lot of attention, particularly the part where we announced cases of building big data platforms for the formation of effective smart cities."

Big data solutions will pave the way for smart cities.

What is the role of DataStreams in Vietnam's smart city market?

"Data is more important than anything else when it comes to the range of colorful services unveiled at the "Smart City Asia 2022" exhibition. Without being well-equipped with data, no services can operate properly. Those involved in the event also sympathized with this. For example, before participating in the exhibition, I met with KOICA, and they agreed that DataStreams should participate in the exhibition, forming a consensus that data was just as important as actual smart city services.

Many Korean companies have already entered Vietnam. From large companies such as Samsung and Lotte to small and medium-sized companies, there is a strong Korean presence in the local market. However, in Vietnam, it is difficult to access domestic big data-related products. As such, DataStreams' big data management and analysis products can be of significant benefit to Korean companies operating in the local market.

DataStreams has performed outstandingly by backing winning products of global big data companies in Korea, aiding those companies operating on a global scale. DataStreams has been in the data solutions industry for more than 20 years and has all the product lineups related to data. Therefore, the company can provide the necessary services for those companies that need to establish a data infrastructure when entering overseas markets. 

What are the potential challenges when targeting the Vietnamese market?

“Most crucially, there is no basic infrastructure or data at all. Outside of the major cities, there are many places without roads or traffic lights, let alone CCTV. There is also no equipment that can measure air pollution levels or ozone concentrations to manage environmental effects. Our products will only pay off when there is a basic infrastructure in place and real data is made available. The company’s first step is to push ahead with operations in cities with smart city experience while carrying out road traffic control pilot projects like in Danang City.

Another challenge we face is the exchange rate. In the domestic market, the advantage is that DataStreams’ products are not only as strong as those of our global competitors but also lower in price. However, when it comes to the Vietnamese market, global competitor products are expensive, but our products are not exactly cheap either. To my knowledge, the value of money differs from Korea at a ratio of about 20:1. It will, therefore, be difficult for local small and medium-sized companies to actively incorporate our solutions.

What are your plans to target the Vietnamese market in the future?

"In Vietnam, the smart city market value now boasts hundreds of billions of won. Not only is the central government a key driver in smart cities, but local cities all over the country are also launching their own smart city projects. Korea is also aware of this and is providing support for domestic companies to participate in the Vietnamese Smash (I’m guessing smart but not 100%) City market. Last year, KOICA commissioned a project to target smart cities in Vietnam and decided to carry out more than 100 billion won worth of support projects over the next few years.

DataStreams is targeting the smart city market in cooperation with FTPIS, a prominent IT company in Vietnam. Since FPTIS is one of the major companies in the local SI business, it will be of great value for future business promotions. The company was established in 2016 and has stable sales and community channels, so I am confident that it has an advantage over other companies entering the market."

DataStreams will be delaying its IPO, which it was initially aiming to carry out this year. The company will instead focus its efforts on attracting investment and strengthening its global competitiveness.

CEO Lee Young-Sang held a shareholders' meeting at the Novotel Ambassador Hotel in Gangnam, Seoul on the 2nd of June and announced that the decision had been made due to a frozen IPO market and the issue of undervaluation. The outlook was positive at the start of the year, however, the IPO market has more recently started to run cold. This is most likely down to the worsening destabilization of the global stock market caused by interest rate hikes and the ongoing Ukraine crisis. Market conditions in the second half of the year are equally uncertain.

A DataStreams spokesman elaborated, "We have decided that it would not be wise to go ahead with the IPO listing.  In the current market, advanced technology companies like DataStreams are not being undervalued and poorly evaluated."

DataStreams recently unveiled a new slogan 'Good to Great'.The idea behind it is that the company will progress to becoming a major global player having dominated the domestic technology market for more than 20 years. It aims to transform itself into a leading global company in big data fabrics by gradually expanding sales and increasing profit margins.

The company will also gradually strengthen existing technologies through product redesign and quality innovation. It will further its advances into international markets by expanding on a global scale and establishing PaaS models. Additionally, DataStreams plans to continue breaking into data fabric-based business domains such as mashup services and data sales businesses.

Lee Young-sang further explained the reasoning behind the postponement of the IPO, saying, "We had prepared everything we needed to list this year, but in light of the current market situation, I decided it more important to be properly recognized on a global scale than to proceed with IPO where there could be valuation concerns. The current global trend shows that cloud infrastructure companies are highly valued, followed by big data platform companies. The situation in Korea is similar. Datastreams is currently the only Korean company that can compete with global data companies entering the domestic market. We have, therefore, chosen to further enhance our ability to compete by honing in on our strengths."

Data fabric company DataStreams announced on the 13th that it has funded scholarships worth 10 million won for Gangneung Yeongdong University.

CEO Lee Young-Sang, Son Yeon-ki, the vice president of Gangneung Yeongdong University, and Kim Joo-baek attended the scholarship ceremony held at the DataStreams headquarters in Seocho, Seoul.

This scholarship ceremony is part of a follow-up project, the two parties having signed an MOU with Gangneung Yeongdong University in December last year, with the primary goal to educate on AI and identify big data talents. Moving forward, scholarships will be provided to students of DataStreams' online integrated education platform "DS Academy" with the aim of fostering customized talent while also providing opportunities to work for DataStreams.

Mr Lee revealed, "I have always wanted to share this with students while working in the big data business and acquiring knowledge for the last 20 years. Recently, I discussed the idea of industry-academic cooperation with Astana IT University in Kazakhstan, and we will develop the DS Academy based on cooperation with Gangneung Yeongdong University.

Through these scholarships funded by DataStreams, we will nurture gifted students who will no doubt be a valuable addition to the data industry.” Vice President Sohn Yeon-ki added, "We will endeavor to teach students everything they need to know about this exciting industry." 

DataStreams CEO Lee Young-Sang recently appointed vice president of sales Kim Tae-Hong and head of technology research Chun Seung-Tae as in-house directors. He also appointed Hana Card chairman Kim Joon-Ho as an outside director on the 29th of April at the 21st regular shareholders' meeting held at the headquarters in Seocho, Seoul.

Mr Lee and Lee Seok-Jin, managing director at DataStreams, were both re-elected as in-house directors. Jeong In-Cheol, the former presidential secretary for planning and management, was re-elected as an auditor. Lee Kun-Ho, head of the management division, is currently serving as an in-house director.

A total of nine agendas were on the table at the meeting. These were as follows: financial statements, partial changes in the articles of association, appointment of directors, outside directors, auditors, share purchase options, changes in executives' severance pay, director remuneration limits, and audit remuneration limits.

Mr Lee stated, "We achieved 23.1 billion won in sales last year, up 14% year-on-year," adding, "The proportion of solutions increased 34% year-on-year to reach 1 billion won in operating profit. This year, we will strive to strengthen our R&D capabilities such as upgrading existing products and launching new products."

Mr Lee emphasized, "We are actively targeting the global market by securing multiple partners in the U.S., appointing new heads of U.S. corporations, steadily expanding our U.S. business operations, undergoing JV contracts in China, and pushing for local JVs upon our visit to Kazakhstan."

For the past 21 years, DataStreams has consistently focused on developing products in the data management and integration fields, leading the big data industry with data fabric product TeraONE.

DS Academy will consist of 57 lectures in nine courses: product education, consulting, big data infrastructure, data integration, big data governance, big data fabric, AI big data analysis practice, AI big data analysis (typical), and AI big data analysis (abnormal). The plan is to offer a trial in July after developing lecture plans, filming and editing lectures, and inspecting the contents for each subject.

DataStreams plans to provide customized training services to customers and partners as well as in-house employees through DS Academy. The DS Academy education program also aims to provide a differentiated education program that properly combines theory, technology, and practical experience in various processes such as consulting, big data infrastructure, governance, fabric, and AI analysis. It is hoped that these topics will be of great value to job seekers, students, and the general public interested in big data.

"After thinking about how to share what the company has experienced over the past 20 years with our employees and global customers, the DS Academy has been launched," CEO Lee Young-Sang announced. "We have put together a team of professors for DS Academy and will be cooperating with a number of universities, as well as domestic and foreign companies. He added, "DS Academy will be the best big data education center."

"DataStreams CEO Lee Young-Sang signed a business agreement with the president of Gangneung Yeongdong University, Lee Sang-Cheol on the 14th of September at Gangneung Yeongdong University's main building."

The signing event was attended by DataStreams CEO Lee Young-Sang, head of business strategy Lee Sang-Ok, president of Gangneung Yeongdong University Lee Sang-Chul, and head of industry-academic cooperation Sohn Yeon-Ki.

Through this agreement, the two organizations will jointly develop and operate big data, AI, and business consultations, Match job big data curriculum development and operation

Gangneung Yeongdong University provides consignment screening benefits for various industries, co-development of AI media contents and curriculum and support for expert lectures. Other areas of mutual interest of the two organizations.

To assist with this, DataStreams has donated access to its big data integration platform "TeraOne", worth 500 million won, to Gangneung Yeongdong University.

"We expect to contribute to fostering customized professional talent required in this industry by providing professional and differentiated opportunities such as the education curriculum across big data to students preparing for job applications."

A pioneer in a harsh data environment 

About 20 years ago, many companies focused on introducing new computer systems in line with the spread of PCs and digital technology. At that time, most of their attention was focused on introducing solutions such as CRM, ERP, and KPIs that could automate tasks previously only done by humans. As a result, computers have dramatically increased in work capacity. Data is at the heart of today's digital transformation, but 20 years ago, the general interest in data was very low. 

However, even at a time when the importance of data was underestimated, there were companies that quickly recognized the importance of data. Datastreams is one of those companies. The company was founded in 2001 under the name Innovative Data Solutions (IDS) and celebrated its 20th anniversary this year. Since then, it has launched various data management and integration products such as TeraStream, DeltaStream, and MetaStream, and has grown into a hallmark Korean data company renowned for its excellent products and services.

In the early days, the data-related market was dominated by DBMS companies, a key example being Oracle. As various different business systems were introduced, technologies that quickly and accurately store and load data were in the spotlight. However, as time went on, the types and quantities of work systems only increased, and the data produced by them increased exponentially. As the size of a company grows, there are tens of thousands of DBs that will need to be managed, and it is impossible to utilize data simply by storing and retrieving it in a DB.

So how do you find the data you want from countless DBs and combine it to get the information you want? About 20 years ago, Datastreams launched its first product, the data integration solution 'Terastream'. With Terastream, Datastreams advocated a de-DBMS that breaks the existing DB-centrism. It was predicted that the amount and type of data would explode, and one day DB alone would not be able to cope with it. A single platform that can connect a large number of DBs and integrate data could solve this.

Since the launch of Terastream, Datastreams has been rolling out many other solutions for data integration over the last 20 years. In particular, in 2016, the company launched TeraONE, which combines its core products (Terastream, Deltastream, and Metastream) to support the entire data management process. TeraOne selectively combines various open source technologies, including the Hadoop ecosystem, with Datastreams' 14 data solutions to help customers build an optimized big data collection and analysis platform.

We caught up with the CEO of Datastreams to hear about the path Datastreams has taken this last 20 years and what the future holds. 

Rapid growth opportunities in the data-driven era What gives Datastreams its competitive edge? 

It used to be the case that CRM accounted for most of the IT needs of companies. Since 2000, Unix servers have been supplied cheaply, and there has been a lot of interest in introducing computers to streamline existing work. The data side was an assortment of DBMS and ETL. For example, Oracle has taken on the market by saying that it is a one-stop strategy, suggesting that it would be effective simply putting all data into an Oracle DB. However, this strategy only worked back when there wasn't much demand for data. 

However, Datastreams always conducted itself with the notion that the data market would not always be as it was. The existing DB-centric strategy would soon reach its limit, and it was believed that de-DBMS through data integration, data governance (via metadata management), and building a data fabric that encompasses all data in one platform would be a market game changer. And, in hindsight, we got it absolutely right. 

The Digital Transformation era, also known as the fourth industrial revolution, has seen companies' data strategies change significantly. Now, the IT needs of most enterprises have shifted from application-centric to data-driven. Most aim to create a vast data lake by gathering data from multiple places to keep on Hadoop, and to obtain more accurate information by simultaneously analyzing a large amount of data based on excellent HW specifications. On that notion, the data integration and management technology that Datastreams has honed so far is coming to fruition.

What are Datastreams' core products today? 

Terastream and Metastream are our products. Terastream, which was launched not long after the company’s foundation, is an essential data integration solution for DW construction, and can quickly extract, transform, and load (ETL) various types of data in large quantities. As a result of preemptively launching and continuously attacking the data integration market even before it was created, it is consolidating its No. 1 market share in Korea. Currently, it is understood that the data integration market has a market share of about 70% across all industries in Korea and a higher market share of 80% in the financial sector. 

Metastream is a product that performs metadata standardization and management, data dictionary or data catalog construction, and more. Metadata management is the basis for integrating and analyzing various data. If it is not properly equipped, it is impossible to communicate about data and its utility is greatly reduced. This is very important because without a Data Catalog, it is unlikely that you can find the data you want because you don't know where and how it's stored. Currently, Metastream also has a considerable share in the domestic metadata management market, and has recently shown remarkable growth. 

You said that you have combined all of the technologies into one with 'TeraOne'? 

TeraOne is a big data platform solution that is currently making waves in the public market. As far as the public market is concerned, it is so monopolistic that it is difficult to find a match. It is still less recognized in general industries such as finance, manufacturing, and distribution, but this is the result of entering the market later than other global big data. Nevertheless, domestic companies that were using our global competitors’ products are steadily turning to DataStreams for their data services, as they were won over by TeraOne. 

One of TeraOne's core technologies is data governance management. Data governance is centered on metadata management tools that gather all the relevant information on data, standardizes it, and manages it to ensure that problems do not occur. This is a function of the aforementioned Metastream. There is also QualityStream, which is equipped to verify the quality of data and compliance with metadata management. Then we have 'Q-Track, a solution equipped to track and analyze the entire process from data generation to disposal. The data governance platform 'IRUDA', which integrates data integration, standardization, quality control, and flow management, is also readily available. 

The other key technology is data virtualization. Data virtualization is a technology element that Datastreams is currently pursuing with intent, and the goal is to easily find the desired data by throwing a single query from a distributed data source. Using this, various heterogeneous data can be integrated and analyzed on the virtualization layer without physically moving. The technology is implemented as TeraOne Super Query and has already been adopted and used by many public institutions and financial organizations. 

As such, TeraOne is equipped with 14 core products owned by Datastreams. The world's best technologies acquired through the sequential development of products over the past 20 years have been applied, and it is succeeding in continuously winning over customers by competing with the products of global companies. 

Unless a company's data management ability is sufficiently supported, we cannot expect much growth. The appropriate IT infrastructure and processes must be in place for workforces to manage, transform, and prepare data for meaningful insights.
"Data Fabric" is drawing attention as the centerpiece of big data platforms as it goes through data lakes in data warehouses (DW). Data fabric is a name derived from the characteristics of a harmonious network that is crossed and woven like a fabric. It is a new design concept and architecture strategy to integrate different resources into one platform and simplify the data management process.

There are companies that have designed and developed similar products even before the data fabric concept became widely talked about. DataStreams is one of those companies. We are a big data platform company that has built up experience over the past 20 years to consolidate all data into one scalable platform, creating safe and easy access to data, regardless of where it is stored.