Silicon Valley leads the nation as a region conducive to supporting successful start-up and global technology companies. In fact, Silicon Valley tech companies’ total GDP (gross domestic product) exceeds $535 billion and the area supports between 14,000 and 19,000 active startups compared to the US metro average of 4,000. The Silicon Valley technology workforce continues to expand at a faster rate than most other innovation hubs in the nation. As an example, output in its innovation industries grew by 174 percent between 1994 and 2014.
In order to successfully market the next wave of technology innovation, start-up and even established tech companies benefit from access to an ecosystem of business partners who can provide them enabling capabilities such as bandwidth, connectivity and scalability. The most successful tech companies focus their constrained internal resources to enhance product-focused points of differentiation and increasingly procure other capabilities on an “as-a-service” basis from partners.
By partnering with a reliable hosting provider to support mission-critical workloads, tech companies ensure sustainable uptime for their mission-critical data and multi-level security for their IT infrastructure through services such as data center hosting. Proven disaster recovery and business continuity services further mitigate risk, by avoiding the cost of an unplanned data center outage which can cost $9,000 per minute.
In my role with CenturyLink, I am fortunate to meet with some of the leaders of these innovative tech companies. These leaders frequently discuss their security and reliability concerns for their IT infrastructure. They want to know that the data that drives their business will be kept secure and running 24/7, and they want to work with a data center hosting provider that demonstrates a consistent track record to meet their business needs. As the third largest domestic telco carrier and second largest US hosting provider, CenturyLink brings a unique perspective to these tech companies looking for benefits of both.
I will be participating in a CEO roundtable tomorrow at 1:20 p.m. P.T. at Telecom Exchange LA 2016 in Beverly Hills, California titled “Silicon Valley and Its Telecom Partners: Innovation, Timelines and Transparencies.” Moderated by Liz Kerton, president of The Telecom Council of Silicon Valley, this discussion will focus on partnerships between tech companies and telecom providers and what they need to do to work better together. If you plan on attending the event, please stop by this roundtable and introduce yourself.
For more information on how a hybrid IT strategy can benefit your business, check out our white paper, Hybrid IT: The Best of All Worlds.