Japanese technology major NEC Corporation plans to strengthen its big data analysis presence globally as well as in India.
NEC Corporation and NEC Technologies India Private Limited (NTI) have announced the launch of a Center of Excellence for Analytics Platform and Solutions (COE-APS) for promoting solutions and services of NEC's Big Data & Analytics Platform, Data Platform for Hadoop (DPH).
The COE-APS will simplify digital transformation and act as a one stop shop for both customers and partners in the telecom, retail, banking, financial services, insurance and manufacturing sectors, as well as government organizations. The COE-APS will initially focus on markets that include Japan, India, Singapore, Philippines and Hong Kong, then gradually expand services throughout APAC and other regions.
With the global big data and analytics market expected to reach $210 billion by 2020, NEC plans to organize a team of 100 professionals within the first few years, to support these operations.
Hadoop alone is expected to reach US$50.2 billion by 2020. With the industry already facing a shortage in talent, specifically in Hadoop and analytics areas, the establishment of the COE-APS will help NEC to leverage India's strong talent base.
In recent years, the exponential growth in data processing is straining the capabilities of conventional databases and data warehouse solutions. With the advent of big data & analytics solutions, data is comprehensively and reliably analysed, thereby enabling customers to make well-informed decisions at the right time.
In addition, the COE-APS will leverage the computational power and scalability of NEC's specialized hardware for big data & analytics in order to flexibly handle the ever increasing demand for storage and computation by Hadoop.
"The key to success for organizations today is to make fast and informed decisions by extracting insights out of the huge volumes of data that are available to them. The new Center of Excellence is an important step towards utilizing big data analytics and NEC's Data Platform for Hadoop to provide benefits for government bodies and enterprises in India and across the world," NEC SVP Tomoyasu Nishimura said.
"Going forward, we aim to continue driving digital transformation for industries of all sizes and markets."
First published in FinTech Innovation