NEC has set up a new Center of Excellence (CoE) in Noida to offer big data and analytics solutions to clients across sectors such as banking and financial services, telecom, retail, and government. The company will invest Rs. 65 crore over the next 3 years in the CoE, and aims to garner 10 times the revenue during the investment period.
While NEC has many such CoEs across the globe, the Noida center is the second (after Japan) to cater to the area of big data and analytics. One of the reasons for choosing India to set up the CoE was the strong talent base available in the country. Over the past few years, there has been an exponential boom in data creation, and companies across sectors are looking at leveraging technologies like big data and analytics to process this massive quantum of data to drive business decisions.