Veritas to Collaborate With Indonesian Gov't, Companies on Data Protection
BY :SARAH YUNIARNI
DECEMBER 17, 2018
Jakarta/Singapore. California-based multi-cloud data management firm Veritas is expanding to Indonesia and collaborating with government agencies to help the country realize its "smart cities" initiative.
"We are excited to be in the Indonesian market and [hope to] contribute to the evolving digital landscape. We are expanding our footprint ... looking to explore collaborations and find new efficiencies, manage costs and build synergies, especially for those [businesses] that are planning for cloud migration," said Suresh Nair, channels sales director for South Asia and country manager for Indonesia and the Philippines at Veritas.
The government has shifted its focus to value-added manufacturing in several priority industries with the launch of the "Making Indonesia 4.0" roadmap in April this year.
The roadmap will help the government focus its attention on developing Industry 4.0 – which includes the internet of things (IoT), artificial intelligence, human-machine interfacing, robotics, sensor technologies and 3-D printing – and to turn Indonesia into one of the world's biggest economies by 2030.
The government expects to create 100 smart cities by accelerating the use of technology to increase mobility and efficiency.
Ravi Rajendran, managing director for South Asia at Veritas, said the smart cities initiative will facilitate the adoption of IoT and push data growth beyond expectation.
Global business consultancy McKinsey & Company projects Indonesia's IoT market to reach $3 billion by 2020 with its adoption in the automobile industry, smart cities and retail, among others.
He said one cannot talk about smart cities without discussing IoT, as these two are inseparable. He added that the challenge of large amounts of data is processing it and finding a use for it.
"As a multi-cloud tech solution firm, our job is how to simplify the complexities of data," he said.
Meanwhile, for selected industries, such as finance and health care, petabytes of data generated by the industry must be classified and processed immediately – to separate sensitive information – or it could pose a risk for the companies.
Added RisksThe push to adopt smart technologies will result in more data being created, which would increase the need for effective data management.
"With data as the new currency, information is crucial. I think companies know they need to leverage their information to take [their businesses] to another level. The biggest challenge comes with the kind of growth the companies have with data and the locations where they are stored. The data is omnipresent, it's like oxygen. The biggest challenge is growth and how we manage it," Rajendran added.
Such advanced developments have increased the risk of data storage through different platforms, such as private and public clouds. These platforms could increase data vulnerabilities and become a target for hackers.
Securing data is important, especially for companies fearing financial loss. Data is a key corporate asset that must be protected as cyberattacks are hard to avoid, and it is critical for organizations to have the ability to restore and recover data quickly.
In a recent study commissioned by Veritas, 82 percent of respondents across the globe admitted that storing data was potentially harmful to their organizations. It creates a huge risk for businesses as they become prone to malicious cyberattacks. Data protection serves as a first line of defense.
"At a high level, businesses have to understand that data protection is a strategy and it's much more than just backup. There needs to be a culture change around how companies – and employees – think about data," said David Noy, vice president and general manager of product management at Veritas.
"When you think about customers globally, facing these same challenges, it's no surprise that the market opportunity is massive, both globally and also at the regional level," he said.
According to global market intelligence firm IDC, the total worldwide data could inflate to 163 zettabytes by 2025, or more than 10 times the amount that exists today.
Noy said the Veritas platform allows customers to accelerate their digital transformation and mitigate the IT business challenges, such as multi-cloud data management, storage optimization, data protection and compliance readiness, which can be tailored for a whole range of businesses, including startups, middle-market businesses and large enterprises.
Veritas has a wide range of clients, including media company Thomson Reuters, multinational investment lender Bank of America and United States-based telecommunications firm T-Mobile.