Addressing the inaugural session of the four-day storage networking summit in the city, Mr Soota said that storage networking technologies represented new technologies and new opportunities for larger players to muscle into and create new business models and applications.
President of the National Association of Software and Services Companies (Nasscom) Kiran Karnik said that storage networking segment offered business opportunity of over $1 billion for Indian companies and was a crucial area as companies around the world were now looking at disaster recovery and were also aiming at driving costs down.
There is a huge need for business continuity born from the rise of terrorism globally and it gives us an opportunity to tap. While the global IT services industry requires cost-effective data protection and management, the ITES and BPO sector also offers opportunities for players to offer data management solutions and services. The domestic market in India is seeing large organisations investing to manage their data, Mr Soota said.
India will also be the first country in the world to have a served from tag for remote services. We have applied for a copyright, and we expect it to be implemented by April, he added.