Across industries, organizations are collecting and using large sets of data to get a leg up on the competition. One industry that has been particularly aggressive at harnessing the power of data is the banking business.
And it’s no wonder. In 2009, the McKinsey Global Institute estimated that U.S. banks and capital markets firms collectively had more than one exabyte of stored data. And, according to IDC Financial Insights, the volume of digital content is expected to increase this year from last by 48 percent.
We keep hearing about the various advantages that cloud adoption brings to an organization, such as agility, automation, and worker mobility. But what about the bottom line? Is virtualization a worthwhile investment for your business?
Big Data isn’t just near. It’s here.
And though IT professionals are no strangers to handling large amounts of information, the sheer breadth, depth, velocity and variability of the data that enterprises are producing and processing requires new ways of thinking about data management.
Unfortunately, many organizations are behind the curve when it comes to controlling the data flow.
Time is money. And when it comes to your data, downtime can be a disaster.
According to a survey by the Aberdeen Group — illustrated below — organizations lose an average of $138,000 for every hour their data centers are down. For companies with more than 1,000 employees, that’s $1.1 million per year.
When it comes to managing data, IT professionals face challenges of boosting efficiency, keeping energy and operations costs down, increasing business continuity, and optimizing performance. For IT professionals in midsize businesses, or those in larger corporations who are dealing with growing access and application needs, managing an in-house data center increasingly is a burden in need of relief.
What’s the solution?
Businesses today are faced with increasingly complex and difficult environments that impact application and network performance. Finding out where the problems are, and how best to improve performance, can be a daunting task indeed.
The infographic below breaks down these complexities and provides some recommendations for better improving your network and application performance.
We’ve been talking a lot about third-party network management and exploring its benefits here on ThinkGig.
Some of the advantages of outsourcing network management tasks include saving money, improving operational performance and boosting security. With the bulk of IT budgets being spent on supporting and maintaining existing network infrastructure, and a majority of CIOs surveyed saying that it’s difficult to find qualified network administration employees, turning some network tasks over to a third party is a path worth considering.
This is a guest blog post from Jim Rapoza of Aberdeen Group.
Interop 2012 in Las Vegas, with a focus on trends and technologies that will change the future of networks and the applications that run on them, was easily one of the most interesting in recent memory.
As was predicted in Mindy Powers’ pre-Interop blog, there was much focus on key emerging technologies such as cloud computing; mobile applications and devices, including the “Bring Your Own Device: trend; and the need to understand and secure these technologies. However, of special interest to me was the focus that many products and vendors gave to these and other network technologies.