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Digital Transformation and ESG Strategy Belong Together

We’ve apparently reached an inflection point with the development and execution of Environmental, Social, and Governance (ESG) corporate policies. The role of business leadership in sustainability issues around climate change has received increasing attention from companies and their key stakeholders. But over the past year, something changed for CEOs worldwide, and sustainability talk turned into action. Continued disruption -- including upheaval and disruptions from the global COVID-19 pandemic -- has society at large calling for a new approach to economic advancement and business priorities. According to a recent survey by Oxford Economics, when it comes to optimizing opportunities and delivering business value, some CEOs have discovered an additional step. These savvy CEOs report deliberately integrating their Sustainability and Digital Transformation efforts. Digital Transformation and ESG Drive Growth For organizations with a clearly defined sustainability strategy and the right ...

Worldwide IT Spending will Reach $2.1 Trillion in 2014

So far, 2014 has turned into a banner year for CIOs that have invested the time and effort to plan for hybrid cloud services, while building strong strategic relationships with their Line of Business leadership. Their approved capital investment budget spend is on-track and operational expenses are contained, as planned. Savvy senior executives across the globe continue to make selective investments in new business technology. In fact, there could be a moderate IT infrastructure spend over the next 12-18 months, which will likely increase the demand for open source software and professional services as new cloud service projects are approved. Worldwide IT spending is now forecast to increase by 4.5 percent in 2014 at constant currency, that's according to updated projections from the latest market study by International Data Corporation (IDC). By and large, this enterprise growth is still being driven by smartphones, apps and the mobile cloud. Aside from mobility related inv...

CIOs Seek the Path to Big Strategic Goals and Objectives

Senior executives at progressive companies have been on a mission -- they're raising the bar of expectations for leaders of their significant investment in business technologies. Providing reliable access to IT resources and reporting on system up-time objectives are unlikely to gain recognition or rewards from the savvy CEO. They now require a direct impact on business-related goals and anticipated outcomes -- with no excuses. Granted, many CIOs and IT managers have made progress in their efforts to better align their IT operations with their Line of Business leader's ongoing demands. But despite this progress, according to the results of a survey announced by Red Hat, obstacles remain before the vision of true IT and business integration can be fully realized. The survey results provide insight into the progress IT leaders have made in assuming more strategic roles -- as well as into the challenges they continue to face -- but also raises fundamental questions about how C...

Global Business Technology Transformation will Accelerate

Many industries are facing accelerating pressure for fundamental business process transformation -- including embracing digital business technology, in order to survive and stay competitive -- according to the latest market study by Gartner. "Transformation remains a critically important phenomenon across all industries. Many industries will face intense challenges in 2014 and beyond, and will have no choice but to radically change their established business models," said Kimberly Harris-Ferrante, vice president and distinguished analyst at Gartner . Last year saw many industry decision-makers focusing on adopting new technologies to improve business operations by addressing developments such as the convergence of social, mobile, cloud and Big Data. Gartner believes that this trend is driven in part by the challenges of consumer empowerment and market commoditization, which in many ways are greater than in the past, and are particularly difficult for traditional enterp...

The Shifting Buying Patterns of Cloud Service Adopters

We’ve certainly come a long way. Over the last couple of years, we’ve witnessed the trials and tribulations of the early-adopters of managed cloud services, and we’ve observed how the offerings have matured to attain broad-based market acceptance. Cloud computing has become pervasive within today’s forward thinking companies. It’s already a transformative force throughout the global networked economy. Every enterprise that uses Business Technology is either considering or implementing cloud solutions -- to create a strategic advantage over their late-adopter industry peer group in the marketplace. According to the latest market study by International Data Corporation ( IDC ), about 77 percent of North American companies were already using at least one public cloud service in 2012. IDC believes the companies that are spending on cloud-based capability have reached a deployment pace that’s unmatched by any previous business technology transformation. Moreover, they say that those ...

How Cloud-Based Collaboration Boosts Performance

Online collaboration has evolved during the last decade, delivering even greater value -- thanks to a new generation of business technology applications. Forbes Insights released "Collaborating in the Cloud," a Cisco-sponsored study examining the ways business leaders increasingly look at cloud collaboration as a way to increase productivity, accelerate business results and enhance innovation across borders and functions. The research combines a global survey of more than 500 executives with 15 executive interviews. "The ability to collaborate in the cloud is becoming a key driver of competitive advantage," says Bruce Rogers, Chief Insights Officer of Forbes Media . "Leading companies are doing more to foster cloud-based collaboration -- not only internally, but also with an ever-wider swath of external groups including customers, suppliers, partners, and even regulators." The benefits of cloud-based collaboration, Rogers continues, include "gre...

Western European Private Cloud Infrastructure Growth

The detractors of cloud computing benefits will state that the typical adoption is still limited at most enterprises -- they're deploying cloud services to a few early-adopters. That being said, some leading markets are confidently moving ahead with mainstream deployments, regardless of the caution. While others, such as western Europe, are apparently in transition. The western European private cloud market will grow at a CAGR of 23.2 percent for the next five years to reach $7.9 billion in 2016, according to the latest market study by International Data Corporation ( IDC ). IDC has been looking in-depth at the private cloud marketplace -- from a hardware, software, services and networking points of view. "The growth of private cloud is even more impressive in the context of the current economic situation," said Mette Ahorlu, research director, IDC European Services. According to IDC's assessment, demand in the region is being driven by the need for cost sa...

Enterprise Mobile Benchmark Study Offers Guidance

A comprehensive enterprise mobile device and application strategy, if executed correctly, can become a significant competitive advantage. But, there's a growing need for answers to the questions troubling many IT executives -- with regard to their mobile device policies, the adoption of media tablets, and mobile application development costs and practices. According to the latest market study by International Data Corporation (IDC), corporate-liable devices still prevail with 77 percent of survey respondent organizations providing smartphones to their employees and 49 percent providing media tablets in 2011. Of these corporate-liable devices, 70 percent were purchased by the organization and issued to the employees while only 7 percent were purchased by the employee with full or partial reimbursement. The goal of the study, based on responses from CIOs and IT professionals in the U.S. and Europe, is to provide IT organizations with insight into how their peers have addresse...

Cloud Service Usage Now Mainstream in UK and Ireland

The increased uptake in cloud service adoption is truly a worldwide phenomenon. New research published by Cisco Systems demonstrates the dramatic shift in attitudes towards cloud services in the UK and Ireland. The report -- entitled " Cisco CloudWatch 2012 " -- is the second in Cisco's annual Cloud series and finds IT decision makers in a bullish mood, increasingly placing applications and services from across their business into the cloud and planning for further investment over the coming 12 months. Furthermore, the message that cloud services can deliver significant cost reduction is now resonating within the IT community -- cost saving has become a top driver for adopting cloud applications . Granted, security remains the number one concern when migrating services and applications to the cloud. But that concern is noticeably less pronounced than in last year's report. The use of public cloud is up 11 percent, although private cloud still dominates. ...

Top 10 BYOD and Virtualization Market Insights

Like it or not, some enterprises have already entered a post-PC world -- where their business communication network must accommodate new user-driven choices. These include traditional applications, mobile apps, social apps and operating systems; various server architectures; and an array of mobile devices ranging from smartphones to tablets and other mobility tools. Are you experiencing this phenomenon? If not, you will soon. Moreover, this latest business technology trend has huge ramifications. Cisco’s Internet Business Solutions Group (IBSG) conducted extensive research and analysis to uncover key insights about BYOD (“bring your own device”) and desktop virtualization trends in U.S. enterprises. The Cisco IBSG Horizons BYOD and Virtualization study surveyed 600 enterprise IT leaders from 18 industries. The Top 10 Market Insights Insight 1: Mobility Is Pervasive Seventy-eight percent of U.S. white-collar employees use a mobile device (e.g., laptop, smartphone, or tablet...

Market Insights on the Pending Business Tablet Invasion

Here's the scenario, you're a busy executive working away from your office and you just want to quickly research something on the Web. You turn on the company-provided notebook computer and you wait the standard 3-6 minute delay, before you can actually use it. The corporate IT department has numerous mandatory processes that must load first -- such as virus protection, data backup, system and app software updates, etc. -- on a typical Windows system. That's often dozens of processes running at start-up, and some will consume 100 percent of the available processing power. That automated cycle can temporarily incapacitate a notebook PC. Don't bother attempting to load a web browser while this PC start-up sequence is in motion. What's the alternative? If you have a media tablet, simply use it instead and you're on the Web in a matter of seconds. Mobile Workers and Their Virtual Workspace Is your company prepared for the pending business tablet invasion th...

Cloud Storage Spending to Reach $22.6 Billion by 2015

Cloud computing demand will drive new IT spending over the next five years, as public cloud service providers and the adopters of private cloud solutions invest in the supporting infrastructure, according to a recent market study by International Data Corporation (IDC). Therefore, the leading managed cloud service providers have been busy expanding their service delivery platforms. Overall spending by public cloud service providers on storage hardware, software, and professional services will grow at a compound annual growth rate (CAGR) of 23.6 percent from 2010 to 2015, while enterprise spending on storage for the private cloud will experience a CAGR of 28.9 percent. By 2015, combined spending for public and private cloud storage will be $22.6 billion worldwide. "Despite current economic uncertainties, IDC expects cloud service providers -- both public and private -- to be among the most expansive spenders on IT products and services as they continue to build out their f...

Cloud Services are Instrumental to IT Transformation

According to the latest market study by International Data Corporation ( IDC ), cloud computing will continue to reshape the business technology landscape over the next five years -- as spending on public cloud services expands at a CAGR of 27.6 percent, from $21.5 billion in 2010 to $72.9 billion in 2015. That said, apparently the trend and resulting impact of cloud services will extend well beyond information technology (IT) spending. Managed cloud services are a critical component in a much larger transformation that IDC expects will be instrumental in driving IT industry growth for the next 25 years. "Cloud services are interconnected with and accelerated by other disruptive technologies, including mobile devices, wireless networks, big data analytics, and social networking," said Frank Gens, senior vice president and chief analyst at IDC. This collective group of technologies are merging into the industry's third major platform for long-term growth. Similar to...

Managed Services Gaining Global Momentum

Savvy business leaders are increasingly turning to managed services to enable them to focus more attention on their core competencies, according to the latest market study by Pyramid Research. Managed services free up valuable IT and networking resources, decrease staffing needs and enable investment in activities that differentiate companies from their competition. That said, the primary adoption driver is the current state of the global economy. As business leaders everywhere face increased financial pressure, they’re looking to managed services to offload their capital expense burden and improve operational efficiencies. Analysts typically define managed network services as the management and monitoring of telecom infrastructure or applications by a third party -- either with equipment at the customer’s premise or hosted in a managed services provider (MSP) data center. Responding to the Growing Global Demand MSPs have responded to the increasing demand for new managed cloud...

Widespread Private and Public Cloud Adoption

Cisco released the final installment of the Cisco Connected World Report, an international study about the behavioral trends of workers in accessing information anywhere, with any device, and the ability of information technology (IT) professionals to address their needs. The latest results focus on data center, virtualization, and cloud computing trends , and evolving IT roles, in the context of increasingly mobile and distributed workforces. The study found that global IT professionals are creating new job opportunities by increasing collaboration among teams in the data center, and adopting new technologies such as virtualization and cloud computing . But they’re also struggling to maintain security and data governance as employees demand more offsite access to networks and information. Comparing Cloud Adoption Rates by Country For example, across the 13 countries in the global study, 52 percent of the IT professionals stated they use or plan to use cloud computing, while mu...

Managed Cloud Services for Enterprise Collaboration

Managed cloud services can accelerate your business by allowing you to transform ideas into marketable products and services with greater speed. Cloud can provide nearly limitless scalability, enabling your business to grow without time and resource intensive IT build-outs. Cloud can transform the economics of your IT -- from capital-intensive, to pay-as-you-go. Service level agreements guarantee the capabilities you need, when you need them. Costs are tiered and metered to accurately reflect your requirements and usage. All applications, including legacy, run more efficiently and sustainably with greater utilization of the underlying infrastructure. Cloud can make new business models possible and unlock revenue potential. Companies can enter new markets, respond more quickly to changing customer needs, collaborate more effectively to drive innovation and business value. Collaboration Use-Case Scenario Global organizations face real collaboration challenges. Employee expertis...

Business Social Networking Upside-Downside

Social media tools are entering the workplace, either by thoughtful intent or purely by accident. To date, for those organizations that actually have a plan of action, most tend to focus more on "damage containment" policies for their employees. Is a protection-centric strategy the prudent approach for concerned -- but otherwise uninformed -- business leaders, or is it shortsighted thinking that undervalues the upside opportunity ? Cisco released the results of a third-party global market study designed to assess how organizations use consumer social networking tools to collaborate externally. The use of these tools, such as Facebook and Twitter, are connecting organizations with their external stakeholders. On the upside, the tools connect people and information, establish potential new routes to market, and enhance customer intimacy and brand awareness. According to the third-party researcher , the study findings indicate that we're at the early stages of adoption and ...

New Normal: Bold IT-Based Business Agility

European business leaders believe their companies are more vulnerable to IT-enabled market disruptions than companies in other parts of the world, according to a new market study by McKinsey & Company . McKinsey found that 74 percent of European business leaders believed their company was 'very' or 'extremely' exposed to IT-based market disruption. Regardless, only 18 percent of European IT executives believed their companies were 'very effective' at introducing business technology faster and better than their competitors. According to the McKinsey assessment, European companies need to grasp the opportunity to make bold, transformative moves to ensure their business continues to thrive within the " New Normal " environment of ICT-empowered borderless commerce. A significant number of businesses have recognized the need to adapt, with 31 percent of European executives saying the development of new products and services in response to changing consu...

How to Unlock the Power of Virtualization

Virtualization uses technology to remove the physical barriers associated with computer servers and applications -- enabling the consolidation or replacement of servers, storage, network and other physical devices. As a result, your business can better use computing capacity and drive more value from IT resources as well as consolidate data centers and significantly lower energy consumption. For companies who need guidance on a virtualization project, Verizon Business offers these five tips -- culled from the company's years of experience handling complex IT installations and expertise in implementing and managing virtual environments: Make sure you're looking at the big picture: A business should first complete a thorough assessment of its current IT environment and computing resources, including a full review of all servers. Once the enterprise has a better understanding of its infrastructure, it is easier to determine which computing resources, such as servers and...

Global Multi-tenant Service Provider Clouds

Multinational companies typically have more complex computing and networking technical support requirements, because their business technology applications can span over numerous locations with very diverse operations. Business and IT leaders are currently exploring managed cloud service options, and they're comparing all new offerings from qualified service providers with international expertise. BT, the UK-based provider of communications services, revealed that it will be launching a Virtual Data Centre (VDC) service in the coming months, supporting the needs large business and public sector organizations. VDC provides a dynamic and virtualized infrastructure platform that enables their customers to consume IT and networking Infrastructure as a Service (IaaS) -- it essentially forms the base for future cloud services. BT says that VDC delivers the benefits of enterprise-class cloud computing to customers at a significant saving -- when compared with a standard hosted infrastruc...