Monday, October 2, 2023

Legacy Networks Keep HighTech Businesses Lagging

Legacy Networks Keep HighTech Businesses Lagging

Syed is Accenture's global head of high technology and helps clients with growth strategies, business innovation and supply chain optimization.

Today, new artificial intelligence and advanced technologies place ever-increasing demands on data: incredible speed, high security and absolute reliability. Network problems caused by legacy networks represent a major obstacle for companies looking to reinvent themselves using these technologies. According to one of our most recent studies, high-tech companies are particularly vulnerable and experience the highest number of network problems (63%) compared to other industries.

These problems hinder the ability to innovate, lead to high costs and impact various business areas such as technology efficiency, business efficiency, customer experience, trust and privacy, sustainability, etc. For example, 71% of technology companies surveyed believe their company is at risk of increasing tech debt, compared to the global average of 56%.

Anti-parasitic solutions are not enough

IDC Global 2000 predicts that organizations will experience two to three network outages per year over the next two years. Interestingly, technology companies spend a larger share of their total IT budget on networking than other industry groups (30.9% compared to an average of 23.7% for technology companies). The problem is that nearly half of the network budget is often spent on upgrading existing networks.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home