Dragonfly to set up facilities in city, Vizag.

Dragonfly Data Factory recently announced that it is setting cloud-enabled data factory, a facility to enable clients mine, manage and monetise large volumes of data from any number of sources.

The US-based company has now plans to expand by opening facilities in Hyderabad and Visakhapatnam

Addressing presspersons , founder and CEO Ram Pothula said the business potential was huge. In three years, the headcount was expected to be 2,700 and revenues around $42 million.

A release said Dragonfly is building products to harness the 'rapidly accelerating velocity, variety and volume of data generated by sensors and smart devices – the Internet of Things. It intends to unite such 'real time data processing with batch oriented processing of data from traditional data sources, social media platforms and more.'


THE HINDU