EMC earmarks $5B for R&D, acquisitions

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EMC Corp., a global leader in the information technology (IT) business, has earmarked $5 billion this year for research and development and the acquisition of technology companies.

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Ronnie Latinazo, EMC Philippines country manager, said 12 percent of the company’s revenue is being allocated for R&D while 8 percent will be used for the acquisition of leading innovative technology companies.

At the same time, the company announced the rollout of new platforms and enhancements in its product portfolio.

These new platforms include the EMC XtremIO, EMC VMAX3, VCE, EMC VNX, EMC Data Domain and EMC Data Protection Suite products.

“All these key announcements are relevant to the Philippine market. It accelerates our lead with our competitors not only in sales but in technology,” Latinazo said during a roundtable discussion.

Latinazo said the EMC XtremIO, dubbed as “The Beast” by customers, delivers breakthrough performance, automation and in-line data service capabilities.

He said XtremIO and VMAX3 were designed to dramatically reduce management overhead, allowing users to reduce the amount of time required to do common tasks from hours to minutes, or eliminating them together.

Latinazo said EMC also unveiled a new family of Hyper-Converged RackScale Systems that enable enterprises and service providers to dramatically simplify the deployment of next-generation scale-out Mobile, Cloud and distributed Tier 2 applications.

Meanwhile, the EMC VNX Community Edition software stack is designed to provide customers with the ability to create test and development environments.

He said EMC has optimized its products to deliver cloud capabilities across its portfolio, enabling customers to leverage public, private and hybrid cloud as a low-cost and flexible storage and data protection tier.

EMC updated its platforms as more than seven billion people will connect to the Internet using 30 billion devices by 2020.

With people, businesses and things communicating, transacting and negotiating with each other, Latinazo said a new world of digital business emerges.

“It promises to disrupt existing business models–even those born of the Internet and e-business eras,” he said.

To embrace this disruption and be prepared, organizations need to redefine themselves and adopt a digital mindset, he said.

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