NEC launches $10M centre for big data analytics in India
In a bid to strengthen big data analysis services in India as well as globally, Japanese technology firm NEC Corporation and NEC Technologies India Private Limited (NTI) on Tuesday announced the launch of a 'Centre of Excellence for Analytics Platform and Solutions' (COE-APS) in the country.
NEC aims to achieve revenue of over $100 million within three years of the COE-APS's establishment, being set up with $10 million over the same period.
The Centre will promote solutions and services of NEC's Big Data and Analytics platform, titled, 'Data Platform for Hadoop (DPH)'.
"The new Centre of Excellence is an important step towards utilising big data analytics and NEC's data platform for Hadoop to provide benefits for government bodies and enterprises in India and across the world," said Tomoyasu Nishimura, Senior Vice President, NEC Corporation, in a statement.
The COE-APS will simplify digital transformation for both customers and partners in the telecom, retail, banking, financial services, insurance and manufacturing sectors as well as government organisations.
The Centre will initially focus on markets that include Japan, India, Singapore, the Philippines and Hong Kong and gradually expand services in other countries.
The COE-APS will leverage the computational power and scalability of NEC's specialised hardware for Big Data and analytics to flexibly handle the ever-increasing demand for storage and computation by Hadoop.
NEC has an accomplished record of contributing to national projects in India, including the Delhi Mumbai Industrial Corridor (DMIC) and the Unique Identification Authority of India (UIDAI), which is aligned with the government's Digital India initiative.
For the DMIC, NEC established a Logistics Data Bank (LDB) that tracks almost 70 percent of container in India.
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 and Analytics solutions, customers can be reassured that data is comprehensively and reliably analysed, thereby enabling them to make well-informed decisions at the right time.