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How can Malaysian companies turn data into digital currency?

AvantiKumar | Feb. 22, 2017
Business leaders discuss the IT strategies that can unlock the value in enterprise data.

data (GraphicStock)

Image (GraphicStock) - Data


  Malaysian business and technology leaders recently met in Kuala Lumpur to discuss better ways to tackle the explosion of enterprise data as well as the increasingly critical task of how to generate more business value with IT.

Speaking to media on the sidelines, Veritas Technologies Malaysia country manager Audrey Chan, together with Singapore-based Raymond Goh, head of Veritas Storage's Asia Pacific and Japan Solutions Architects Group, stressed that IT "more than ever needed to enable business, especially with the most critical asset - data."

Before the session, I discussed the company's strategies with Raymond Goh. Since separating from Symantec more than a year ago, Veritas has reinvented itself in the meantime in tune with the transformation drive now a priority for local companies across all sectors.

He said despite one or two uncertainties in the current global operating environment, customers in the region (including Malaysia) have been active in transformation. Fear of disruption and the hunt for new returns on investment are among the drivers.

"Data is currency; transformation is inevitable, driven by fear of reduced market share and extinction," said Goh.

Veritas_Photo 1_Audrey Chan & Raymond Goh

(From left): Audrey Chan, Country Manager for Veritas Technologies Malaysia; Raymond Goh, Head of Asia Pacific and Japan Solution Architects Group, Veritas Storage (Singapore) Pte Ltd, during the media briefing (21 February 2017), in Kuala Lumpur.

Beyond storage
 "In today's digital age, the role of IT as a business enabler has never been more critical," said Veritas's Chan. "With our increasing reliance on data, businesses need to tackle pressing issues such as the exponential growth of data and the resources needed to manage it."
"It's not just the volume of data," she said. "It's also where it resides and how it travels between private and public clouds, virtual environments and on-premises."
"To harness the power of their information, it is now crucial for businesses to develop and implement a data management strategy," said Chan, sounding the company's new focus on enterprise data.
"Our information management solution portfolio is designed for both customers and partners to address new industry opportunities and solutions including hybrid cloud, data privacy and information governance, open source and more," said Chan.

She is confident about the company's Malaysia prospects this year. "While backup is still the core part of our business, our shift to the new paradigm will offer clients to generate more value from data. Veritas currently services customers from various industries such as FSI (financial services industry), telecommunications, GLCs (government linked companies). Majority of its FSI customers have already embarked on the 360 Enterprise Data Management (EDM) strategy."


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