The various seminars and events prepared by DataStreams
will showcase the new technology and vision of DataStreams.
Targeting Southeast Asian markets, Vietnam's Smart City pays off
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."