Also in Verizons sights is the unique identification project being executed by Nandan Nilekani and team. Its one of the most ambitious and unique social infrastructure projects being undertaken in the world and it excites us no end, said Dobbins. Pointing out that the European crisis was a cause for concern, he said, American and European firms would be looking at the Asian markets for areas of growth. Countries like India are now growth opportunities, rather than cost cutting opportunities, he added.
Explaining its India strategy, Dobbins said Verizon has been both cautious and aggressive in its India approach. We employ 5,000 people at our R&D centres in Chennai and Hyderabad, but we also know there are other growth opportunities, like cloud in India, which we want to aim for.
For Verizon, outside the US, Japan is the largest market. The earthquake and tsunami depressed sentiments for a while but the Japanese market has perked up, said Dobbins. Pointing at the unique growth opportunities and the possibilities of creating eco-friendly infrastructure, Dobbins said 100 years of medical records were lost in the aftermath of the tsunami and that has pushed the Japan market towards aggressive cloud computing to cite just one example.
But Dobbins said India needs to make investments in wireless infrastructure. India and Japan are great markets. In India, we are already working with the top IT companies. We see a great opportunity in cloud computing because Indian clients want to grow quickly. And if we can deliver on cloud, it will take us beyond private companies to the public space with social infrastructure projects like health and financial services, fraud management systems, smart energy management, he added.
Later, Mark Beaumont, global product development, IT solutions, Verizon said the company was preparing a cloud strategy for India that could be announced in the next 12 months. We are exploring options of deploying enterprise cloud for that is a huge opportunity in India, he said. Both Dobbins and Beaumont admitted there were challenges in infrastructure and regulations. Things work quite slowly in India, but we want to be there for the long-term, said Dobbins.
Over the next few years, Verizon has its sights on four key markets in the region, Singapore, Australia, India and Japan, Dobbins said. In the years ahead, Verizon sees enterprise technology helping companies re-engineer the workplace, power more effective customer service models, and create opportunities for benefit of society, said Dobbins.
Beaumont said that by 2015, public cloud services will account for 46% of businesses. Pointing out that cloud services are on every CIOs mind, he said critical work was going on to make cloud computing more secure. He said the enterprise cloud when it reaches its full potential will be able to dramatically reducing capital expenditure and create efficiencies. Cloud services will give companies options to move workloads easily between the corporate data centre and the cloud of a companys choice. This could be a public, private or hybrid cloud model, he added. One key area we will be investing in the next 12-36 months is in the Asia Pacific region, and India is a big part of it, Beaumont said.