With PARAM8217;s export, India in major league

PUNE, Jan 8: Centre for Development of Advanced Computing C-DAC, Pune, which designed and developed the PARAM series of supercomputers, will be exporting to Man-Drapeau Research Pvt Ltd, Singapore an end-to-end solution for financial modelling for investment analysis and risk management wih its latest PARAM 10000 series of Supercomputers.

This project works on data-mining, a specialised field which is highly relevant in today8217;s knowledge economy where there is a premium on extracting useful information from the enormous of data present for applications in business intelligence and risk-management. Highly sophisticated scientific techniques like artificial intelligence, mathematical modelling coupled with state-of-the-art IT tools are being deployed to achieve this goal.

C-DAC has already commissioned PARAM 10000 in Education and Research sector at Amrita Institute of Technology amp; Science, Coimbatore and is also offering PARAM 10000 for electronic governance of Andhra Pradesh. Executive director of C-DAC R K Arora said the development of PARAM 10000 had placed India amongst the league of nations, that are advancing in the frontiers of supercomputing in the teraflops range.