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Global CIO Survey Reveals Business Requirement for a New IP

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Core Systems vs Systems of Engagements CIO

A new survey of CIOs worldwide from Brocade BRCD, -0.99% reveals the business impact of legacy infrastructures, and highlights the need for more innovative solutions to businesses network needs. In the Brocade Global CIO Survey 2015, 75 percent of CIO respondents stated their network is an issue in achieving their organizations goals. For almost a quarter of CIO’s polled, it is a “significant” issue.

The continued rise of new technologies, which fundamentally change the way businesses operate and engage with their customers, are responsible for a dramatic renaissance of the IT department. This has led to CIOs facing a range of challenges to contend with, and ultimately highlights a clear need for them to understand and embrace the opportunities offered by the New IP.

Ken Cheng, CTO and Senior VP of Corporate Development and Emerging Business for Brocade, commented, “The role of IT is changing from being an administrator of infrastructure to becoming an enabler of the business — driving innovation and new ways of working to revolutionize customer engagement and transactional processes. More than ever, the CIO has a critical role in advising the board and senior management on strategic business investments, but legacy infrastructure remains a major roadblock, prohibiting business agility and innovation. The New IP offers a way of addressing this, enabling business objectives to be met.”

The survey, conducted by independent research agency Vanson Bourne, polled 200 CIOs across six countries. Topline findings include:

--  CIOs are distracted by the business of keeping the lights on. Over
    half spend more than 50 percent of their time reactively citing
    network downtime/availability as one of the most likely reasons
    especially for CIOs with more than 1,000 employees in their
    organization.
--  CIOs top concerns are security and fast deployment of and access to
    new applications and services, more than big data and analytics,
    communication and collaboration, or compliance with regulations.
--  The top four technology issues CIOs need to address are: operational
    platforms (Oracle, SAP), data center upgrade/expansion, virtual,
    security, network upgrade/expansion.
--  40 percent of CIOs claim to be concerned about choosing the right
    vendors to deliver what the business is asking.


On the topic of cloud, the survey found:

--  Cloud is a given (90 percent have some form of cloud within their
    organization) but control of cloud acquisition is a different matter.
    Over one third of respondents state that cloud adoption without
    involvement from IT is not allowed but does or may happen anyway.
--  CIOs concerns about non-authorised cloud include its (negative) impact
    on owned infrastructure performance, inability to manage the network
    and IT disputes with cloud providers. These are more likely to be
    worries than security, compliance, poor SLAs, inability to access data
    or the cost to the business due to duplication of spending.
--  83 percent of CIOs believe procurement of cloud services without IT
    engagement will increase.
--  82 percent admit this leads to fears about their job security, and one
    in five find such activities cause them extreme stress.


When questioned what most worries them in their role, the respondents answered:

--  79 percent of CIOs were worried about the delivery of new services to
    support business growth
--  77 percent were concerned about delivering better analytics/data
    mining
--  68 percent of CIOs were worried about improving delivery of services,
    with the same percentage citing fast deployment of new applications as
    a significant concern
--  Reducing organizations operational expenses was a top concern for 65
    percent of the respondents


Research Methodology Vanson Bourne conducted a series of in-depth interviews with 200 CIOs from China, France, Germany, Russia, UK and the U.S. in late 2014, to understand the challenges a modern CIO faces in today’s rapidly changing IT environments. All respondents work for organizations with more than 250 employees. 81 percent of respondents work for organizations that have between 500 and 5,000 employees. A broad range of vertical industries are represented.

Additional Resources

--  Brocade Global CIO Survey 2015 Report
--  Brocade Global CIO Survey 2015 Interactive Infographic
--  Brocade Global CIO Survey 2015 Infographic


About Brocade Brocade BRCD, -0.99% networking solutions help the world’s leading organizations transition smoothly to a world where applications and information reside anywhere. (www.brocade.com)

Copyright 2015 Brocade Communications Systems, Inc. All Rights Reserved.

ADX, Brocade, Brocade Assurance, the B-wing symbol, DCX, Fabric OS, HyperEdge, ICX, MLX, MyBrocade, OpenScript, The Effortless Network, VCS, VDX, Vplane, and Vyatta are registered trademarks, and Fabric Vision and vADX are trademarks of Brocade Communications Systems, Inc., in the United States and/or in other countries. Other brands, products, or service names mentioned may be trademarks of others.

Notice: This document is for informational purposes only and does not set forth any warranty, expressed or implied, concerning any equipment, equipment feature, or service offered or to be offered by Brocade. Brocade reserves the right to make changes to this document at any time, without notice, and assumes no responsibility for its use. This informational document describes features that may not be currently available. Contact a Brocade sales office for information on feature and product availability. Export of technical data contained in this document may require an export license from the United States government.

CONTACTS

Media Relations - Brocade
Abigail Watts
Tel: +44 208 432 5174
awatts@brocade.com

Investor Relations - Brocade
Michael Iburg
Tel: 408.333.0233
miburg@brocade.com



SOURCE: Brocade

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Business

ONEPLUS IS GOING TO START MAKING TVS

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OnePlus is is getting into a new line of business: making TVs. Best known for its phones, China’s OnePlus also has a small catalog of really good accessories like wireless earphonesand surprisingly awesome backpacks, though nothing as complex or expensive as a television set. In announcing the news on the OnePlus online forums, company chief Pete Lau describes it as “the first step in building a connected human experience.”

Every hardware manufacturer is now looking intently at ways to monetize the smart home space. Samsung and Huawei recently announced smart speakers, Apple and Google already have the HomePod and Google Home, respectively, and Microsoft and Sony are old incumbents with their Xbox and PlayStation consoles. OnePlus has decided to make its entry point into this market the TV itself, which has always been at the center of home entertainment, though often with the help of other connected devices. Reading Lau’s teaser announcement, the OnePlus TV — which so far only has a project name, no timeline or specs have been revealed — will serve as the connectivity hub for OnePlus’ future vision of the smart home.

The OnePlus smart TV will be developed by a new division within OnePlus, led by Pete Lau himself. Still at the earliest stages of development, OnePlus is currently seeking input from its fans, as it often does, about what their priorities with a future smart TV will be.

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Finance

LAGOS TO HOST BIANNUAL AFRICA FINTECH SUMMIT FOR THE FIRST TIME IN NOVEMBER

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The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures
LAGOS, Nigeria, September 17, 2018/ — Africa’s premier fintech event, the Africa Fintech Summit, (www.AfricaFintechSummit.com) will be held for the first time in Lagos, Nigeria, onNovember 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, “Lagos is an ideal host city; it’s an epicenter of Africa’s fintech revolution and the driving force behind the continent’s entrepreneurial spirit. The successes of companies such as Paga, Flutterwave, Mines.io, and Paystack have strategically positioned Lagos as the destination of choice for investors.”

“The first edition of the Summit in D.C. was a launch pad for several milestone fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policy makers together to move the needle on fintech regulation and bringing founders and investors together to facilitate further capital raises,” added Leland.

The two-day event will feature investor missions from the US, UK, and UAE, an Alpha Expo featuring the most exciting startups and entrepreneurs in Nigeria, a half-day blockchain masterclass, and an awards ceremony.

Reacting to the decision to host the Summit in Lagos, the Senior Special Assistant to the President on Technology, Lanre Osibona, stated, “This reflects the progress Nigeria is making in the areas of technology and financial services. The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborating with the organizing committee and to a successful event in Lagos.”

In similar vein, Tayo Oviosu, the founder of Paga—a payment company that recently raised $10 million in Series B2 funding—said that “the Africa Fintech Summit in Washington D.C. provided valuable insights into the fintech space and connected me with key players in the industry. I look forward to the Lagos edition.”

Speakers lined up for the event include Chief Economist of PwC Nigeria, Dr. Andrew S. Nevin; Managing General Partner of EchoVC, Eghosa Omoigui; CEO of Diamond Bank, Uzoma Dozie; Founder of Flutterwave, Iyinoluwa Aboyeji; and CEO of PayStack, Shola Akinlade, whose company recently raised $8 million Series A funding

Distributed by APO Group on behalf of Dedalus Global.

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For more information, please contact:
Ridwan Sorunke
Directory of Communications, AFTS
Ridwan@AfricaFintechSummit.com
+234 (0) 8037885760
+1 2023166726

About Dedalus Global

Dedalus Global (https://VC4A.com/dedalus-global/) is an investment and strategy advisory firm focusing on emerging markets and emerging technologies. With networks throughout Africa and the Middle East, we leverage granular market knowledge to drive innovation, accelerate capital deployment, and create value for our clients and the economies where they operate.

About Africa Fintech Summit (AFTS)

The Africa Fintech Summit (www.AfricaFintechSummit.com) is a biannual event that brings together leading disruptors, tech and finance professionals, regulators, and investors from around the globe to debate policies, compare best practices, and forge Africa-focused ventures. AFTS leverages the growth of the fintech sector in Africa to bring key stakeholders to discuss the technologies transforming finance on the continent.

To learn more about AFTS, please visit www.AfricaFintechSummit.com

View a recap from the AFTS Washington: https://www.youtube.com/watch?v=ZIdDS-u0rXE

SOURCE
Dedalus Global

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Business

AMAZON IS REPORTEDLY BUILDING A FREE STREAMING VIDEO SERVICE FOR FIRE TV OWNERS

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Amazon is said to be prepping an ad-supported streaming video service; it’ll be available to folks who own any of the company’s Fire TV streaming dongles and set-top boxes, reports The Information.

It’ll be separate from Prime Video, which offers a range of licensed shows and movies, as well original content produced by Amazon, to people who are subscribed to Prime.

Amazon's latest streaming device is the Fire TV Cube
Credit: Amazon
Amazon’s latest streaming device is the Fire TV Cube

Do you like good gadgets?

Those sweet cool gadgets?

Oh, yeah

The idea behind this upcoming service, which is dubbed Free Dive, is to help Amazon bring in more revenue through advertising. Ads presently account for a small fraction – about $2 billion out of more than $200 billion – of its annual revenue, but they offer higher margins than retail, and are one of Amazon’s fastest growing earners company-wide.

To that end, the company’s been selling ad space on its site, and is slated to run ads during live sporting events on Prime Video. It also turned off ad-free viewing on Twitch – its game video streaming service – for Prime subscribers earlier this month.

Free Dive could give Amazon a chance to rival Roku, which offers a similar ad-supported streaming service for owners of its devices and is expected to reach 59 million users by the end of 2018. Roku also made its ‘Channel’ service available via the web earlier this month to folks in the US, so you don’t need the company’s hardware to access it. It’ll be interesting to see if Amazon follows suit – and how it plays its cards with customers across the globe, especially in cost-conscious markets like India, where it’s expanding its media offerings.

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