The
challenge. 81% of
medium businesses say that technology solutions could help improve business
outcomes or run the business better. Meanwhile, technical decision makers agree
unequivocally that there are two technology challenges that top the list –
implementing new solutions or upgrades & containing technology costs. And
both are seemingly at loggerheads. As the technology landscape keeps changing
by the minute today, even newly installed solutions lose their relevance very
quickly. Unfortunately, many conservative enterprises are still stuck with
their decade old legacy systems. This results in compromised security, efficiency
and productivity. Businesses reported a 34% increase in financial losses
($2.7M) due to security incidents even in 2014. Today, with the advent of
sophisticated threats targeting enterprises, the impact is much higher.
The entry
of the Cloud has brought a radical approach to this paradox. 87% of midmarket BDMs
say Cloud solutions would help the business grow.
The
reality.
Enterprises can drive maximum business efficiencies with flexible, intelligent
technology. They can capitalize on the IT investments already made for
on-premises solutions by tweaking them to sync with the challenging
requirements of the business. The cloud can come in as a less costly
alternative when new needs arise in the system. Moving critical workloads to
the cloud could also mean greater scalability at reduced costs. A hybrid setup
can bring flexibility to the system by allowing administrators to weigh and
choose the better option for their mushrooming needs.
Enterprises
must realize that the greater the investment in digital the simpler it gets to
manage and run the business. Less systems to maintain and more freedom to
expand (or contract) brings in a desirable flexibility. Aligning IT with the
business process with the help of a DevOps team would optimize business
processes, enable more efficiency and faster decision making.
Going
digital also ensures business continuity and improves security and protection
against unexpected interruptions, data loss and modern security threats.
Optimizing
operations involves digitizing corporate functions and developing a digital
culture all around the enterprise. A
state of the art Enterprise Resource Planning mechanism is essential for
minimizing wasted hours and financial resources. All efforts must be focused on
maximizing the business benefits derived from IT Projects. Minimizing clutter
in IT would lead to fewer systems to maintain and less cost to keep it running
– a lean IT. Service operations need to
be digitally streamlined to produce the greatest value by reducing response
time and increasing agility.