Japanese technology firm NEC Corporation is investing $10 million to set up a “Center of Excellence for Analytics Platform & Solutions” in Noida to strengthen its play in the big data analytics market with a special focus on telecom, manufacturing and BFSI verticals in India as well as globally.
The company is targeting of over $100 million in revenues from this center within three years. With this launch, the company aims to be among top three players in India’s big data and analytics market, which is set to grow eight times to $16 billion by 2020. The new center will act as a one stop shop for both customers and partners in telecom, retail, banking, financial services and insurance, and manufacturing sectors.
The center will initially focus on markets that include India, Japan, Singapore, Philippines and Hong Kong, then gradually expand services throughout APAC and other regions. “We are creating strong partner ecosystem to support customers in India and Asia Pacific region…India is a focus market for us. Given the need, it is a right time to be in this space,” Tomoyasu Nishimura, senior vice president of system platform business unit at NEC, told ET.
The center will kick off operations with 30 people, and the company plans to hire 70 more employees. Nishimura said that the company is looking at alliances with universities to get fresh talent onboard.
“The center 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 compant said.
The Global Big Data & Analytics market is expected to reach $210 billion by 2020. Hadoop alone is expected to reach $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, the company said.