Company Name: Tape Ark
Announcement Date: 29/07/2019
Announcement Category: Contract/Partnership
Announcement Content:
Tape Ark Partners with Samit Spectrum - Unlocking Commercial Value in Exabytes of Tape-Bound Data Across the Indian Subcontinent
The partnership combines Samit Spectrum’s local knowledge and Tape Ark’s proprietary data restoration and cloud migration technology to apply AI-driven techniques to underutilised data.
Tape Ark continues its global expansion with their third strategic partnership, one of India’s leading Exploration & Production (E&P) service providers, Samit Spectrum (Samit).
Samit, based in Gurugram, south of New Delhi, together with Tape Ark will offer highly specialised and unique data preservation and restoration technology for a diverse range of industries, such as oil and gas, media and entertainment, government, corporate and financial enterprises, looking to access legacy tape-bound data.
Tape Ark’s proprietary technology is capable of processing tens of thousands of tapes per day directly to customer-preferred cloud platforms. Once in the cloud, data analytics, artificial intelligence and machine learning programming can be applied to once inaccessible data, propelling businesses into further adoption of Industry 4.0 technologies.
After a recent visit to Samit’s data management facility, Tape Ark Founder and CEO Guy Holmes said: We are very excited to collaborate with one of India’s most successful data service providers. India is one of the world’s fastest-growing economies, this partnership presents many opportunities where our unique tape-to-cloud data migration solutions will assist Indian companies to manage and migrate enormous amounts of legacy data to the cloud safely, securely and efficiently, unlocking vast amounts of public and commercial value.”
Due to India’s unique data compliance regulations, it is not possible for data of national interest to physically leave India for processing.
“Our international team will set-up and train Samit staff to work under Tape Ark’s quality standards, on the ground in India. The handpicked team are highly experienced in managing complex and remote projects outside of operational facilities providing a unique insight into the requirements for efficient mobilisation and readiness of spare parts and appropriate power requirements, portable stiction reversal ovens, and other related equipment. In addition, Indian clients will have local, and ongoing support after the completion of each project" said, Holmes.
Sanjeev Mittal, Director, Samit said “We are very proud and excited to be partnering with Tape Ark. We see many potential opportunities for Tape Ark’s innovative legacy tape liberation and data management services here in India, and with Samit’s intimate knowledge of the market, we look forward to working with Tape Ark to offer the best tape to cloud solutions to meet the needs of progressive and innovative Indian businesses.”
Ageing archive data sitting on legacy tape in physical storage centres in India represents literally exabytes of inaccessible and decaying data.
Liberating this vast volume of data to the cloud so that it is accessible is essential to be able to apply and utilise data analytics, artificial intelligence (AI) and machine learning (ML) technologies. Transferring data from tape to cloud not only ensures its preservation but empowers businesses to monetise the data – either through learning from it and making discoveries which lead to new knowledge or increased operational efficiencies or turning it into a revenue source rather than a cost centre.
Partnering with Samit is an exciting step for Tape Ark, and will enable the company to make further inroads into the Indian subcontinent – a market which offers a multitude of opportunities within the seismic, broadcast media and corporate data centre industries.
The predominantly Mumbai based “Bollywood” film industry represents one of the largest film production centres in the world – with an annual output of close to 2,000 feature films per year. As a thriving industry since the 1950s, this correlates to an enormous volume of data and film footage at risk of loss, needing to be liberated and made accessible for commercial and preservation purposes.
“Our vision is to make archive data instantly and economically accessible where and when clients want it. Ingesting these data sets into the cloud puts clients back in control of their data assets and by applying today’s analytics and machine learning tools they can potentially make profound discoveries from legacy data,” said Holmes.
Announcement URL: https://www.tapeark.com/news-press/2019/7/1/unlocking-commercial-value-in-the-indian-subcontinent
About Tape Ark:
Tape Ark is liberating the world’s largest collection of data, held on backup tape, making it securely and efficiently available for the application of data analytics tools, artificial intelligence, and machine learning technologies. By providing safe, efficient and secure high-volume migration of ageing corporate data from archive tape media to the cloud.
Tape Ark helps clients to access and transform their forgotten and decaying data, sitting in costly storage centres, into a valuable business asset and potential revenue stream.
Tape Ark has developed strong global partnerships with Seagate Technology, Amazon Web Services (AWS), Google Cloud and Microsoft Azure.
Go to Company Profile for: Tape Ark
Announcement Contact: [email protected]
