What do Boeing, General Electric, Kellogg, Proctor and Gamble, and IBM have in common? All of the above companies were in the Fortune 500 in both 1955 and 2014.
In comparing Fortune 500 companies in 1955 with Fortune 500 companies in 2014, there are only 61 companies that appear in both lists. Essentially, almost 88% of companies in 1955 have either gone bankrupt, merged, ceased to exist or are no longer in the Fortune 500.
With these odds, combined with businesses transforming to incorporate digital across technology, people and processes, businesses need to be resource smart. Enterprises should invest fast, efficient, cost-effective and simple infrastructure if they are to easily access, analyze and exploit company data for business innovation and growth.
Asia is leading the pack. According to McKinsey research, in the next decade, today’s disruptive technologies – the mobile Internet, especially m-commerce and location based services, the Internet of Things (IoT), cloud technology, 3-D printing and advanced robotics – are expected to result in a 30% gross domestic product (GDP) growth in Southeast Asia presenting a huge opportunity for businesses.
Digital transformation is no longer a question of if; it is also not a question of when. It is a matter of how fast businesses can transform their existing IT infrastructure from technology only to an intelligence function, to create business opportunities.
In order for IT to provide those kinds of insights, businesses need to build a strong infrastructure foundation. This means investing in the right architecture to support business objectives and improve business agility, as well as being smart about using limited resources as the amount of business data grows. Flash Storage has revolutionized the industry, providing unprecedented performance, flexibility and scale creating the foundation of the modern data center.
The need for speed and agility
Business agility refers to distinct qualities that allow organizations to respond rapidly to changes in the internal and external environment without losing momentum or vision. Flexibility in IT infrastructure is critical in delivering business agility.
Technologies such as Flash have revolutionized the industry, providing unprecedented performance, flexibility and scale. It enables the infrastructure necessary to enable business to rapidly respond to change by adapting to the ever-evolving business conditions, providing the agility needed to support today’s digital business.
Invest in the right architecture to manage data growth
Every day, 2.5 quintillion bytes of data is created; more data is created daily than created in the last 2,000 years. This unprecedented growth rate has resulted in resource constraints across the board for enterprise IT.
With different types of storage being used to house different priority-levels of data and even in different locations, a single, seamless interface is needed to manage all storage resources as well as local and remote replication. High-density flash storage technologies lower costs and are designed to simplify the management and operations of storage environments.
Be resource smart
For many organizations data storage has become one of the fastest growing items on the IT budget. As storage costs increase, enterprises must invest in fast, efficient, cost-effective and simple storage systems if they are to easily access, analyze and exploit company data for business innovation and growth. With space at a premium, businesses need to consider solutions that provide efficiencies in power usage without compromising performance.
The digital revolution is changing the face of business across Asia. For organizations to take advantage of new technologies and leap-frog competition, building a robust, scalable, cost-effective, secure architecture is paramount. If not, businesses are likely to be disrupted and not survive the next decade.
Peter Hanna is Director of Primary Storage at Dell EMC, Asia Pacific & Japan