Netmagic, a leading provider of managed hosting and cloud services in India and a subsidiary of the Japanese telecommunication company, NTT Communications, has set up a data center spread across3 lakh sq feet in Mumbai.
Nitin Mishra stresses on the benefits of cloud computing for financial services.
Leading financial service organisations are today more readily adopting Cloud and on-demand computing than ever before. According to IDC, a research agency, the industry is well on its way to making Cloud computing a mainstream component of its digital strategy. With rising NPAs affecting profitability, and product and service margins becoming increasingly erratic, firms in the financial services sector are looking for ways to control costs, including those arising from the IT function.
Netmagic Solutions is one of India's top datacenter providers, and with its 2012 acquisition by NTT Communications, the company's reach has been extended globally. While the company continues to expand its datacenter portfolio, it does not see colo alone as a viable way forward in the Indian market. Instead, the company is fully vested in its cloud and managed services offerings – combined with colo – to form a hybrid model for its customer base.
In an exclusive interview with DIGITAL CREED, Sunil Gupta, Executive Director & President, Netmagic Solutions tells Brian Pereira why he is so optimistic. He also reveals the secrets of the trade and tells us what it takes to succeed in the data center space.
Data centres are an important part of infrastructure and there are several sectors spurring this growth, says Sunil Gupta, executive-director & president of Netmagic, an NTT Communications company and a leading managed hosting and cloud service provider. “There is increased demand in this niche segment on account of a number of government-led initiatives, such as Digital India, Startup India, adoption of JAM (Jan Dhan Yojana, Aadhaar, Mobile),” he tells Sudhir Chowdhary in a recent interaction.
Latest forecasts by Gartner, Inc. states that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from 2015, and will reach 20.8 billion by 2020. In 2016, 5.5 million new things will get connected every day.
With the rapid growth of Internet of Things (IoT) applications, enterprises look to platforms and services that enables them to manage and analyse the real-time events and streams of data coming from various sources (environmental sensors, medical trackers, home appliances, and industrial devices).
"We are specifically expecting to expand our data centre capacity further. We are planning to double our data centre capacity over and above what we have over the next two years. We are coming up with two new data centres in Mumbai and Bangalore by April 2018," Netmagic's COO, Sunil Gupta told ETCIO over the phone.
The company continues to invest in software-defined networking and growing its managed services capabilities with industry-specific expertise. As part of its product roadmap, Netmagic will tighten up its security offerings and grow beyond the IaaS layer.
Today, many organizations are looking for newer ways of doing more with less, reducing IT budgets or perhaps curtailing the incidental costs associated with datacenter expansions. In a rapidly changing market environment, datacenter managers need to focus on creating efficient operating environments to augment the life of existing datacenters.