The new product will be outlined today at Gartner’s IT Infrastructure and Data Centre Operations Summit in Sydney. Brett Shirk, the company’s head of worldwide sales, will today present a roadmap showing a range of new and consolidated products that will be announced over the next year.
Veritas will become a separate company in January of next year after splitting from Symantec. It will concentrate on storage and information management, and Symantec on security and related products.
The pri,e reason for the split was so the two companies could better focus on what they do best, says Shirk, rather than for financial reasons. The logic is that the money will come once the products are better defined.
The companies have not yet formally parted ways, but the operational split is underway. The chart shows the new Veritas product direction, which will unfold between now and January 2016, at which time the two companies will be separate entities.
Shirk says that the amount of data under management in the world will grow tenfold over the next five years, 44 zetabytes, fuelled by the Internet of things and growth markets like China.
“This year alone companies are spending $125 billion on finding information, moving it, analysing it and trying to understand it better,” he says. “But only about 1.5% of this info is deemed 'target rich'. Traditionally, infrastructure has been the answer to this – virtualise more, software defined everything, cloud, flash, etc. But while infrastructure is important, it is the information that really matters.”
The Veritas product set analyses whether data has business, regulatory and legal value – and what needs to be kept and what can be safely deleted. He classifies the products as data insight, eDiscovery, availability, backup and recovery, and business continuity and storage management.
The roadmap outlines a range of products in all these areas – the largest and most ambitious roadmap in the company’s history. “We need to get smart about how companies use information,” says Shirk.
“We estimate that as much as 70% of what most people are storing has no value – no business value, no regulatory value, no legal value. Fortune 500 companies are now starting to appoint Chief Data Officers (CDOs) for this reason.”
Veritas has also announced a data continuity partnership with HP, under which its product will be available as part of HP’s Helion storage range. It is part of a wider strategy that Shirk says will see the newly minted Veritas become the major force in an era when information management will be the biggest issue in IT.
“Information management is a fundamental technology. We believe we can be the company that can help companies manage their heterogeneous storage and information management needs. Our new products and our new direction as an independent company show how serious we are.”