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EMC Set To Rise Above The Pack On VMAX Success

EMC nevertheless stands tall as a force to reckon with in the IT industry. With its range of products that includes, however is not limited to, storage, virtualization, Information innovation, backup and archiving, IT management and cloud computing, among others, the company remains diverse and strong.

Recent news surrounding EMC shows that it has positioned itself to be relevant in today's information age. To illustrate, Mashreq Bank in the United Arab Emirates recently made the decision to consolidate its IT infrastructure into the EMC Symmetrix VMAX. You will remember that VMAX is said to be the most powerful, tested and trusted enterprise storage network available in the world.

The Middle East

This move will surely see other financial houses in the Middle East, and even the Far East, looking to strengthen their competitiveness against Mashreq Bank by as well incorporating the innovation. In doing so, without much ado, EMC could be set to experience an explosive number of new IT consolidation contracts by major financial houses all over the world. This will in no doubt usher EMC into another level of profitability.

Interestingly, Seagate Innovation, as well another major player in the industry of storage devices, made excellent progress in the nine months of the Thailand flood. But, it is as well faced by the same threats facing Western Digital in that Cloud innovation may drive the company out of market. Cloud research reduces the need for hard drives and in doing so, the demand for the products will fall. These companies need to do more than ride out the rest of hard drive sales until they maybe become obsolete.

More information: Seekingalpha
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