"HAVEn, is a big data analytics platform, which leverages HP's analytics software, hardware and services to create the next generation of big data-ready analytics applications and solutions," HP software & solutions country director Amit Chatterjee told reporters at the launch event here.
Without disclosing any number, he said "big data market in India is currently $200 million and is expected to reach $1 billion by 2015."
Chatterjee said: "According to research commissioned on behalf of HP, nearly half (47%) of companies surveyed in India will spend at least 10% of their IT innovation budget on Big Data this year."
"More than one-third of the organizations surveyed also believe strongly that Big Data is the largest competitive differentiator for their organization. However, the study found that more than 10% of these organizations have failed with a Big Data initiative they had implemented," he added.
HP also is expanding its Big Data portfolio with new capabilities that help clients build and operate their Big Data solutions, with the launch of HP Operations Analytics.
"It is the first integrated big data analytics solution built on HAVEn, which delivers insight into all aspects of IT operations, so organizations can ensure quality service levels," Chatterjee said.
The company also announced two additional products to help on the journey to Big Data - HP Vertica Community Edition and HP Autonomy Legacy Data Cleanup.
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