NEC targets $100 mn revenue from big data analysis services

NEC and analyticsBusiness technology major NEC has launched Center of Excellence for analytics platform and solutions in India.

NEC said it aims revenue of more than $100 million within three years by strengthening support for utilization of big data analysis services globally. NEC will be making an investment of $10 million over the same period.

​The center will simplify digital transformation and act as a one stop shop for customers and partners in the telecom, retail, banking, financial services, insurance and manufacturing sectors, as well as government organizations.

The center will initially focus on markets that include Japan, India, Singapore, Philippines and Hong Kong, and gradually expand services throughout APAC and other regions.

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.

“The key to success for organizations 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.

Image caption: Anil Gupta, CEO & MD, NEC Technologies India, Tomoyasu Nishimura, Sr. VP-System Platform Business Unit, NEC Corporation and Piyush Sinha, CEO, DLDS & Director – Corporate, Planning & Business mgmt., NTI