BANGALORE, INDIA: Veritas, the information management business of Symantec contributed $2.5 billion in Symantec's revenue in the fiscal year of 2014.
As a separate independent entity, Veritas is expected to accelerate its performance and revenue numbers providing enhanced next generation solutions at an estimated market of $11 billion.
Chris Lin, APJ leader, Veritas, gives an overview on the roadmap of the company.
CIOL: As a new entity, what will be your new business strategy? What’s the roadmap ahead?
Chris Lin: Following Symantec’s announcement of a strategic business split of its Information Management portfolio into a separate entity - Veritas, we have been making progress to establish key foundational elements for a standalone Veritas business while continuing to meet the needs of our customers.
Our separation from Symantec will give us singular focus on information management solutions and we can now drive more innovation to help businesses meet their information challenges in totally new ways.
Our mission is to enable organizations to harness the power of information. At Veritas, we are focused on achieving profitable growth in our business operations with next-generation investments by improving our go-to-market model; reducing operational complexities by leveraging the existing talent pool, and optimizing the current product portfolio.
By extending our current product capabilities, leveraging IP and building new coordinated architectures, we are aiming to bring next-generation solutions designed for hybrid cloud environments to market throughout the upcoming year. In this journey, our partners will continue to be an integral part of our business and we will continue to work towards the enablement and education of the community.
CIOL: How do you think enterprises can tackle with the volumes of data they need to deal with every day? How are you helping the enterprises with this?
CL: The demand for our information management services has never been higher. A report by IDC states that there will be more than 44 zettabytes of data in the world by 2020. Industry trends like mobility, social and increasing dependence on information technology has resulted in creation of information islands, leading to inconsistent and inefficient management of data. Enterprises are not equipped with enough resources to manage the data deluge.
In order to address this challenge, it is imperative for enterprises to understand the importance of information and adopt a robust information management strategy not just from an IT perspective, but also for a lucrative and beneficial business strategy. An effective information management strategy can help an enterprise not just manage the information effectively, but also help mitigate risks, and reduce the overall OpEx and CapEx costs significantly. It will further enable the business to be agile to adapt itself to changing business models.
At Veritas, we are focused on helping companies harness the power of their information – wherever it resides – by driving availability and revealing insights across heterogeneous environments. Our new product strategy is based on the customer feedback and expectations and aims at helping customers unlock the value of their information. Our broad range of products including backup and recovery software and appliances, storage management, clustering, disaster recovery, archiving and eDiscovery solutions create the foundation for information availability and insight – helping customers unlock the value of their data to drive business productivity and profitability.
CIOL: How is data de-duplication affecting the companies?
CL: With the information explosion, duplication of data is becoming a pertinent challenge. This not only blows up storage budgets but also creates an unnecessary complex IT environment that increases backup time and leads to frustration amongst employees when systems don’t run efficiently.
Data deduplication offers IT managers the opportunity to reduce the amount of storage required for backups. This effectively helps in managing information growth and enables organizations to make the most of their existing IT resources while cutting costs. Deduplication has the power to transform information management; it is great for backup, it is great for archiving, and can even make virtualized server backup manageable. We believe that deduplication should live in every part of the information architecture. Enterprises should have the ability to delete data according to their convenience and should not be stored forever. Deletion of unnecessary and duplicate data will end up with reduced information management and storage costs will lower IT risks.
CIOL: Please explain in brief Veritas’ De-dupe Everywhere philosophy?
CL: The answer to de-duplication isn’t just target de-duplication: it is de-duplication everywhere. De-duplication everywhere’ lets you choose at which point in the backup process de-duplication needs to be performed. It might be client de-duplication, where data is de-duplicated at the client/source before being sent across the network or it might be media server de-duplication, where the data is de-duplicated at the media server/target before being saved to disk or tape.
By doing so, Veritas is delivering a de-dupe solution which is more customizable and significantly reduces the amount of data traversing the network. This not only speeds up back-up but also lowers bandwidth requirements and helps you save time and money.