NEC has launched a ‘Center of Excellence for Analytics Platform & Solutions’ (COE-APS) for promoting solutions and services of its big data & analytics platform.
According to the company, 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.
NEC aims to achieve revenue of more than $100M USD within 3 years of the COE-APS' establishment, which is being set-up with an overall investment of $10M USD over the same period.
The COE-APS will initially focus on markets that include Japan, India, Singapore, Philippines and Hong Kong, before gradually expanding services throughout APAC and other regions.
IDC has predicted the global big data and analytics market to reach $210B USD by 2020, and as such NEC plans to organise a team of 100 professionals within the first few years.
In fact, a study from Allied Market Research found that Hadoop alone is expected to reach $50.2B USD by 2020. The industry is already facing a shortage in talent - specifically in Hadoop and analytics areas - and NEC says the establishment of the COE-APS will help the company to leverage India’s strong talent base.
Senior vice president of NEC Corporation, Tomoyasu Nishimura says 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," says Nishimura.
”Going forward, we aim to continue driving digital transformation for industries of all sizes and markets."
NEC asserts that 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, customers can be reassured that data is comprehensively and reliably analyzed, thereby enabling them to make well-informed decisions at the right time.
Moreover, 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.