OREANDA-NEWS. Nippon Telegraph and Telephone Corporation and Preferred Networks, Inc. have agreed to establish a business and capital tie-up with the aim of developing next-generation Big Data technologies that target the Internet of Things (IoT), a field that is expected to grow dramatically.

Through this collaborative agreement, the two companies combine NTT's distributed processing and leading-edge machine learning technologies and know-how on network security with PFN's machine learning and deep learning technologies and know-how on development and implementation, in order to develop next-generation Big Data technologies and thereby further promote their Big Data businesses.

A venture company established on March 26, 2014. PFN was spun off from a venture company Preferred Infrastructure, Inc. (hereinafter referred to as PFI) in order to create business from real-time machine learning with a focus on the IoT. PFI has the world's top-class technical expertise in natural language processing and machine learning.