With the massive data growth, businesses around the world are struggling to intelligently capture, organize, and analyze data. In a recent Forrester report, 59 percent of respondents stated that leveraging big data and analytics is going to be a high priority for their organizations this year.
Solix Technologies--a big data solutions provider and headquartered in California--believes that to thrive in this era, businesses need to be data-driven and should be doing real-time analytics. The company also believes that to garner opportunities, IT leaders must focus on the disruptive technologies.
On this note, Sai Gundavelli, founder, and CEO of Solix Technologies discusses how the company empowers businesses to monetize data effectively, efficiently and safely to become a true data-driven company.
How is Solix Technologies doing in the enterprise data management space? How’s the market in India?
We are an enterprise data management solutions company, aiming to enable businesses to achieve information lifecycle management. We automate enterprise data archiving, application migration and application upgradeability for businesses, so that performance, compliance, and storage can be facilitated, and cost can be optimized.
Data is growing by leaps and bounds and is now the most important asset for a business. Therefore to manage that, we delve into the ABCs-analytics, big data, and cloud technologies. In return, it helps in optimizing cash, cost, and compliance.
India, as a country holds massive opportunity for our business, as all the fortune 500 companies to some extent, have outsourced in India. Earlier business in India was built across services economy, based on the likes of sequel servers or oracle servers. But now they have become legacy technologies, and therefore now it is all about playing in real time analytics and becoming a data-driven organization.
What verticals is Solix planning to tap this year and next?
Currently, we are aggressively looking to penetrate banking, financial services, and healthcare sectors. Data plays a huge role in these industries in providing both opportunities and disruption.
As e-commerce players have changed the operational style of the retail industry, banking is bound to transform itself completely to become virtual. We believe these massive financial brands with huge real estate investment are going to struggle because of these disruptive technologies.
The very face of the banking industry will change, and banks will only be understood as mobile phones and ATM machines. To give an instance, Goldman Sachs, headquartered in New York, with the help of mobility and other newer technologies, is now capable of opening a virtual branch in a city like Bangalore without having a proper workplace. Even the government is looking for enhanced technologies to improve various sectors of the state.
Similarly, the healthcare sector is also transforming and focusing heavily on real-time insights and actions. Hospitals nowadays are running in on a thin margin, and therefore need to reduce costs and become much smarter.
Big data and analytics play a significant role in managing healthcare outcomes, and our common data platform for healthcare is well suited for this move. ITeS sector is another major driver for our business.
What are your recent offerings for the Indian market and how is Solix standing out in the market?
Solix is the only company right now in the market, which provides an entire application framework for a business. Our application framework helps customers to reduce cost, optimize data warehouse, and secure business. We help customers to quickly adapt this technology and start monetizing the data.
Additionally, we have launched an enterprise archiving and data lake application suite for big data, which not only enables organizations to improve application performance but help them in meeting compliance objectives and reduce the cost of data management across the enterprise.
Our solutions help organizations to assess the impact of data growth, move inactive data into a separate tier, improve application performance, secure sensitive information, and validate data for accuracy.
We are also empowering data management for the enterprises with an array of products to fit different segments including finance, healthcare, manufacturing, retail, telecom, and government.
What has been the investment so far, and are there any plans for further expansion?
We have recently invested hugely in the research and development area. Our development centers in India employ more than 200 people out of the 300 worldwide. We also plan to hire 250 more employees for development activity in Hyderabad and Secunderabad, within a year's time.
Additionally, we are looking to enter regions like Japan, China, Middle East, Brazil, Mexico, and Canada, through the partnership route. We will also be announcing some strategic reseller partners in India soon, who will enable us to tap the market further.
Last year we had a growth of 130 percent, and recently we have been rated as number two data management company in the world by the Gartner Magic Quadrant. Over the last 12 months, Solix has reached an incredible milestone by adding a wide range of customers across many industries.
We look forward to providing new job opportunities across India to support the continued growth of the company and maintaining momentum throughout the year.