LAS VEGAS: The acquisitions of Autonomy and Vertica will help deliver new product innovations that will be central to HP's road to recovery, according to chief executive Meg Whitman.
Whitman,, speaking during her Discover 2012 keynote, highlighted new developments in big data management, security and cloud as key growth areas that will allow HP to reverse its ailing financial fortunes.
"The tectonic plates of the technology industry are moving," said Whitman. "Today the forces of cloud, social, mobile and big data are changing the model. Information is exploding."
Whitman also lauded HP's converged cloud strategy and deduplication data storage strategies as examples of the company's new focus on research and development, which was announced earlier in the year.
Prior to her speech at the event, Autonomy and Vertica both revealed big data and storage solutions, including new applications for Autonomy's IDOL and Vertica's analytics tools.
Whitman went on to highlight HP's big data and cloud security solutions as another key strength that will help company overtake the industry's current market leaders.
"No enterprise can be completely secure, can it? Hackers will eventually break the lock. The bad guys get better, we get better. What we need is a new approach, to see and understand events with context and meaning," said Whitman.
"We need a security camera in the room that monitors what's going on. Thanks to Autonomy and Vertica we can understand the context of what's going on in the room."
Despite the boast, Whitman still highlighted hardware sales as a strong market the company will continue to push.
"Our foundation is infrastructure. Seventy per cent of our sales come from hardware infrastructure," said Whitman.
Whitman will be hoping these key markets help the firm turn a corner after it posted disastrous financials for the last quarter. This coincided with plans to cut 27,000 jobs.