Intelligent CIO Europe Issue 09 | Page 12

NEWS

ADIF and Virgin plan to open first European hyperloop facility in Spain

Virgin Hyperloop One has signed an agreement with

Administrator of Railway Infrastructures to open an Advanced Technology Development and Testing Center in the Andalusian region of Spain , the company ’ s first European development facility , valued at approximately US $ 500 million . In return for this investment , Virgin Hyperloop One would obtain € 126 million in public aid through loans and grants to help establish the new centre , to advance Virgin Hyperloop One ’ s technology development and testing , and to stimulate regional economic growth and job creation .

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CaixaBank accelerates and secures digital transformation with Devo

Devo Technology , formerly Logtrust , has announced that

CaixaBank , a leader in retail banking in Spain , is using the Devo Data Operations Platform to secure its digital transformation efforts . By expanding the scope of its data collection and analysis beyond traditional security devices and into business applications and operations , Devo is empowering CaixaBank to rapidly identify and respond to security threats across its entire digital business , reduce risk and confidently launch new services while protecting the business and its customers .
The agreement , facilitated by the state-owned infrastructure agency , ADIF , was signed by Mrs Isabel Pardo de Vera Posada , President of ADIF ( Administrador de Infraestructuras Ferroviarias or Administration of Railway Infrastructure ) and Rob Lloyd , CEO of Virgin Hyperloop One . The Andalusian region is known globally as an epicentre of transportation and aerospace innovation .
“ With its robust transportation , aerospace and high-tech sectors in turn paired with outstanding regional talent , Spain is an ideal fit for Virgin Hyperloop One ’ s Advanced Technology Development and Testing Center ,” said Rob Lloyd , CEO , Virgin Hyperloop One . “ By investing in the development and testing of Virgin Hyperloop One , Spain is extending its long-tradition as an innovative , global transport leader . We are excited to partner with such a forward-thinking country in developing the next generation of transportation .”
The Virgin Hyperloop One Advanced Technology Development and Testing Center is to be located in the Andalusian region of Spain at Bobadilla . The new centre in Andalusia complements the advanced transportation , aerospace and high-tech innovation in the region and will be a catalyst for further economic growth . Virgin Hyperloop One estimates that it would hire 200 – 300 high-tech skilled professionals and that the centre would spur job creation in the region .
In order to secure its digital transformation , CaixaBank needed to see the full picture of its security landscape , which required the bank to collect and analyse increasing volumes of data from a variety of sources . With Devo , CaixaBank is able to ingest , store and perform real-time and historical analysis of its machine data , giving it a comprehensive view of its entire security posture . CaixaBank is therefore able to rapidly launch new business services while quantifying and mitigating associated security and fraud risk .
The Devo Data Operations Platform streamlines data ingestion and analysis for CaixaBank , driving more intelligent and actionable insights that improve both security and customer experience .
“ Digital transformation provides a massive opportunity for companies to accelerate business , get closer to their customers and become more competitive , but it also exposes a new attack surface ,” said Pedro Castillo , Founder and CTO , Devo .
“ The data is there ready to be leveraged , but existing security solutions cannot collect and analyse these new data sets , or the volumes of data needed to address this new attack surface . With Devo , CaixaBank now has the data and analytics foundation it needs to empower its security initiatives for digital transformation .”
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