Hitachi brings tech to cut data storage costs
HITACHI, a Japanese conglomerate, has developed a technology to cut data storage costs by up to 65 percent, which the company said will help end-users save on such expenses by a wide margin.
Vivekanand Venugopal, managing director of Hitachi Data Systems India Pvt Ltd, said the company can now reduce 34 types of direct costs associated with data storage processes.
To do more with less money is an important issue for companies now, and currently their data storage costs are flat, he said during an interview with The Daily Star in Dhaka recently.
Of the total data generated by companies, usually just 10 percent is structured, like that produced by banking channels and other corporate and government processes, Venugopal said.
“People also want to store e-mails and pictures, which increase every day.”
Machines also generate a huge amount of data like office entrance and exit as well as leave related records, and a lot of that needs to be stored for a long time, sometimes even forever, for analysis and other purposes, he said.
Through Hitachi's new convergence system they can store more and more data at lower costs without compromising security, Venugopal said.
Hitachi is a highly diversified company that operates in eleven business segments of which the electronic systems and equipment segment and information and telecommunication systems segment prominent.
Even though Hitachi did not do an official study on Bangladesh, the company thinks the data market is set to grow fast as the government is actively pursuing full digitisation, which will increase the need for better and securer data storage and analysis services, he said.
As the number of digitised services increases, it will require more data analysis processes as well.
“Through the data analysis processes, the government can even ensure better security, as it will help the authorities to find the best suitable positions for setting up security cameras and analyse the data received.”
If police officials have real data and they analyse the data with a proper system they can act more effectively, the Hitachi official said. Some Indian institutes have used the system for their benefit, he added.
Proper data analysis can also help telecommunication companies offer better services, as well as help the government take better decisions in the healthcare sector, he said, adding that the solution is evolving all over the world.
Hitachi, in operations for 105 years, is mainly focusing on the government sector, banking, telecommunication, manufacturing, and medical and healthcare systems with its new technology.
At present ten leading global banks are using Hitachi solutions to secure their customers' data and offer innovative services and applications, he said.
In Bangladesh, Hitachi plans to offer storage, content, analytics and social innovation solutions platforms, for all of which security is the first priority, Venugopal said.
"The judiciary in New Delhi is currently using Hitachi's technology to operate a system providing case details online."
Registered lawyers can access the system and get a copy of the court order without any charge or hassle of physically going to court.
Also, Hitachi's hospital management solutions are being used for preserving MRI and X-ray data in some prominent public hospitals in India.
Today the governments expend much on the healthcare system but many times the system fails due to a lack of proper data management, which can be avoided with Hitachi's solutions, Venugopal said.
Hitachi also focuses on not harming nature with their technology, he added.
Technology changes so frequently that every three to five years users adopt new technologies discarding the old ones, Venugopal said. Every year, the price of data storage or any tech related products falls by 30 percent to 40 percent.
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