Quebec Ministry Of Economy And Innovation Serves Up $4 Million To Montreal-based Ormuco

Today, the Quebec Ministry of Economy and Innovation announced the allocation of $4 million to the Montreal-based leader in edge computing, Ormuco. This investment will support Ormuco’s research and development and stimulate job creation in the software engineering sector. It will also contribute to establishing Quebec as a relevant and fertile ground for the future of innovative and real-time based technologies such as AI, 5G, Machine Learning and Edge Computing.

Despite the current talent shortage in technology, 85% of Ormuco’s workforce is based in Quebec.

As cloud computing is at a significant distance from the user, it is not possible to make real-time decisions. This is because the transfer of data from the device to the cloud is not immediate. The technology that solves this problem is edge computing. Its wide array of solutions overcome the physical challenges that cloud computing brings about, by offering an experience with significantly less latency (the time it takes to send information from point A to point B) and an increased capacity for transferring data at a higher speed.

One of the greatest transformations of the present era comes with machine learning, augmented or virtual reality, video games and the Internet of Things. This transformation will only be possible with coupled use of 5G mobile networks and edge computing. Thanks to the solid expertise Ormuco has built, the company is poised to become a global leader in the deployment of edge computing as the preferred solution for data processing, as the platform that accelerates the growth of solutions that will dramatically change the way we live today.

For more information, please visit: ormuco.com.

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