Lenovo to grow data centre business
STUTTGART: Lenovo is expanding its data centre business in India by collaborating with startups and government partners to host applications of companies in manufacturing, financial services, academia and healthcare sectors.
With an investment of $1.2 billion in artificial intelligence R&D, the Chinese hardware and devices major is also looking at expanding its Chennai facility, which manufactures around 5 billion smartphones annually, to include data centre offerings as well.
Vivek Sharma, MD-Data Center Group (DCG) at Lenovo India, said the company sees $5-6 billion overall revenue coming from India in the next three years, though he did not reveal how much India contributed to the company’s overall revenue or DCG’s revenues in the last financial year.
“India is among the 10 countries we have identified from a data centre expansion perspective and the emerging market has a huge growth opportunity. Going ahead with a three-year-plan, we expect revenues to double and be among the top three players in the industry,” Sharma said. Scott Tease, executive director-HPC and AI at Lenovo, told ETthat while AI is nascent in India and is only being used by companies with deep pockets, Lenovo’s strategy will be to help smaller players leverage AI with its end-to-end solutions.
“The startup community in India is rich, active and diverse. But most players working in this space do not have a brand name and 99% of their ideas are yet to be fully implemented. They will be able to stand behind Lenovo as a brand name and we can help them take AI adoption to the masses,” he said. The company is yet to announce specific collaborations in the above-mentioned four verticals, and the process, Tease said, is an “ongoing” one.
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