NEC launches Center of Excellence for Analytics

NEC and NEC Technologies India Private Limited (NTI) today announced the launch of Center of Excellence for Analytics Platform & Solutions” (COE-APS).

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, manufacturing and government.

The company aims to achieve revenues of more than $100 million within 3 years of the COE-APS’ establishment, which is being set-up with an overall investment of $10 million over the same period.

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.

In order to support these growing operations, NEC plans to organize a team of 100 professionals within the first few years, as 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.

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.

“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,” said Tomoyasu Nishimura, Senior Vice President, NEC Corporation.