NEC Corporation sets $1bn revenue target for smart digital solutions in India
Japan-based NEC Corporation has set a revenue target of $1bn across five years to tap opportunities in smart digital solutions space in the country.
According to a company official, the IT solutions provider is betting big on the cybersecurity segment in view of ever-rising incidents of cyber threats.
NEC Corporation contributed to the implementation of Aadhaar Programme in India by providing its biometrics identification system and has recently completed the trial of a flying car in Japan.
The company is laying down a submarine cable from Chennai to Andaman and Nicobar Islands, a 2,300-km long under sea project expected to be completed in 2020.
“We understand that India is a big market. So far we have somewhere around like USD 400 million worth business in India,” said NEC Corporation president and CEO Takashi Niino.
“Within five years probably we look at USD 1 billion or something like that revenue target,”
He added that NEC Corp is working on a number of smart digital solutions aimed at providing better financial services and delivering upgraded facilities at places like airports, shopping centres, offices and hotels, which will soon all require smart data solutions as all these sectors continue to grow in India.
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NEC”s multimodal authentication solutions is called “Bio-IDiom” that performs biometric authentication based on multiple sources, such as face, iris, fingerprint, palm print, finger vein, voice, and ear acoustic information and is already being used at Narita International Airport, Tokyo.
According to Niino, India is moving towards digitisation and smart cities are high on government’s agenda and these technologies can be part of new India.
Niino also added that NEC has successfully completed a fingerprint identification technology trials with newborn children from as young as 2 to 24 hours old, which was not possible with conventional technologies.
Until now, Aadhaar is applicable only for a person from age of 5 and above.
“This type of technology can help in identification of child by parents in countries where child stealing is prevalent. We at times hear cases of child being changed at hospitals,” added Niino.
In 2018, the Japanese IT services and products provider announced its plan to invest 20 billion Yen into the construction of two data centres as cloud business continues to grow due to US demand.
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