In fact, more than 40 percent of companies are upping their investments in technologies such as mobile, analytics, cloud, and social over the next two years, according to a recent IBM Tech Trends study. This growth shows why it’s so important for businesses to make sure their networks have the bandwidth speed needed for optimal performance. Because behind every great technology is a great network — one that lets business and IT leaders be prepared for anything.
Businesses in diverse industries know this firsthand. In healthcare, for example, IT initiatives like mobility will make hospitals more dependent on their network infrastructure than ever before, pushing care “outside the four walls of the hospital.” Another example is the retail industry. The explosion of ecommerce has moved network infrastructure from a back-office function to a critical enabler of how retailers interact with customers.
The rise of mobility and BYOD, Big Data, and cloud computing are challenging today’s enterprise networks, but a strong, reliable network will enable enterprises globally to take advantage of new technologies to secure future business growth.
Here’s a quick look at how some organizations might look to advanced technology today to survive in the future.
- For healthcare organizations, the Internet of Things — the connectivity of devices to you, to the Internet, and to one another — has enormous potential to broaden patient care in ways never seen before, particularly when it comes to scaling expertise, monitoring patients continuously, and preventing unneeded hospital visits. This year alone, the worldwide telehealth market is expected to grow by 55 percent, in terms of device and service revenues, according to InMedica.
- Cities coping with rapid population and attempting to thrive despite it are becoming “smart” — capable of collecting and analyzing large amounts of data from connected devices and citizens’ social media activity, in real time. Civic and business leaders across the country are transforming their communities into technology-ready centers that can be programmed to use data and analytics to better serve resident needs and improve management.
- The rise of mobility and the Bring Your Own Device movement has led to new ways of thinking about the workforce, challenging traditional notions of office productivity. “The workplace is defined by the tools you use, wherever you are,” says Matt Kaplan, vice president of Products at LogMeIn.
- For many companies BYOD has resulted in BYOE — Bring Your Own Efficiencies. Both managers and employees have reported rising productivity and efficiency whey they are allowed to use their own devices — be they laptops, smartphones, or tablets — for business purposes.
- The banking and finance industry has been particularly aggressive at harnessing the power of data to get a leg up on the competition, with more than 40 percent of banks boosting their strategies for Big Data, analytics and data collection, according to IDC.
- For sports organizations, Big Data is increasingly crucial to achieving success. Basketball, baseball, and auto racing teams — even the Olympics — are collecting and analyzing vast amounts of data to improve the bottom line, get ahead of their rivals, and offer value to their customers and stakeholders.
- Entertainment businesses are also using Big Data to revolutionize their industry. Important information regarding film timing and release locations, as well as customer preferences in music is being used to make better business decisions. Data is even being used to predict award winners.
What other technology trends can businesses employ with a strong network infrastructure?