Companies everywhere are drowning in data. They are collecting more of it, and at an accelerated pace, while at the same time depending on it more than they have before. Data centers are being constructed around the world to house all this information, but research shows that more than two-thirds of what is being kept is worthless.
That’s where Veritas comes in.
The demand for our information management services has never been higher, as there will be more than 44 zettabytes of data in the world by 2020. Using current approaches, IT organizations will be incapable of managing that data – they don’t have the financial or human resources. At Veritas, our business is structured on addressing this issue. We are focused on helping companies harness the power of their information – wherever it resides – by driving availability and revealing insights across heterogeneous environments.
While most assume that infrastructure is the answer to managing the ever-increasing amount of data, we believe that approach won’t succeed. Rather, organizations must focus on their information to complement next-generation infrastructure deployments. Our view of the world through this fundamental lens creates new opportunities. We have three core beliefs that guide our approach to working with customers:
- More data does not deliver more value: Many organizations’ default mode is to simply keep storing data, but this approach is not sustainable. Companies are struggling to get a full picture of their data and determine what is valuable. Making this worse, every new platform and technology adds another layer of data fragmentation across the business. Information governance and information lifecycle management helps solve key challenges around visibility, action and control.
- Infrastructure availability does not mean application availability: New technologies, like converged infrastructure or IaaS cloud platforms, can help lower operating costs, reduce complexity and improve time to market. But applications must be up and running or business stops. Veritas is at the heart of the most mission-critical environments in the world, and as hybrid cloud models help bring efficiency and flexibility to these organizations, we’re able to help them adapt storage and applications to these new models. The demand for heterogeneous solutions is greater than ever, and our deep understanding of the total picture ensures that companies stay up and running, despite the interruptions, changes and risk inherent to the cloud revolution.
- Not all data is created equal: Cat videos are not the same as financial statements. And as a result, backup and recovery SLAs should be related to the value of the data. Harvard Business School studies show that companies that use their information can quickly increase productivity by five percent and profitability by six percent. Understanding and taking advantage of this idea brings efficiency and recovers cost. Brute-force approaches, like deduplication, simply make the problem worse.
As the world of data changes, companies and their IT organizations have new opportunities to move faster, smarter and with greater competitiveness – all fueled by access to the right information. At the same time, they have a responsibility to their customers, employees and shareholders to keep their business running, protect their data and drive down wasteful costs.
Veritas is a strategic, trusted partner for a wide range of customers, helping them reach for these opportunities and uphold their responsibilities. Our customers include a majority of the Fortune 500 across a wide array of industries and government institutions around the world. We are proud of the successes we have achieved together. But in many ways, we are just getting started! By becoming an independent entity later this year with complete focus on our customers and the information management market, we stand ready to accelerate more innovation to help our customers gain value from their data.
We look forward to sharing our plans to further help companies solve these challenges and harness the power of information.