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INNOVATION BY SECTOR
DAVID GATES
AT YOUR SERVICE
The days when companies filled rooms with servers and other equipment to manage their data and handle operations are long gone.
“Instead of buying something [to upgrade] their servers, companies are paying by the month,” says David Gates, chair- man of the Technology Forum of Delaware and president of the financial tech consulting firm Gates
base in Wilmington and Philadelphia, uses data analytics to help clients better understand their customers and their own operations.
THE FUTURE OF DATA IS HERE
Meanwhile, Delaware’s researchers are busy driving the next generation of IT’s constant evolution.
In 2018, the University of Delaware established the Data Science Institute, where faculty and students are developing ways to synthesize large sets of data to predict future trends for business, medicine, industry and government, as well as to create curricular programs.
The institute is led by Dr. Cathy Wu, an expert in bio informatics. “Under Dr. Wu’s leadership, UD’s Data Science Institute will become an exciting hub for interdisciplinary research, collaboration and excellence,” said UD President Dennis Assanis at the time of her appointment. “The institute will have a transformative role in the university and society, preparing our students to work effectively with big data and harness it to seize new opportunities and address the challenges facing our society in the fields of business, communications, personalized medicine and so many others.”
It’s just another way Delaware is leading transformation in the IT field, and transforming the world along the way. ID
and Co. “It’s software as a service, and it allows them to buy two- or three-year contracts for constant upgrades. That way, they can understand their cash flow.”
The need to migrate information to the cloud or to create
a hybrid has led firms to consider other ways to wrangle their data. Companies like Wilmington’s MySherpa are on top of this trend, providing managed services that handle their clients’ tech needs for a monthly fee. CompassRed, with a dual
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