BASKING RIDGE, N.J.,
Sept. 28, 2015 /PRNewswire/
-- As the world becomes more digital, enterprise networks are
being stretched by more data traffic. In fact, traffic on Verizon's
public IP network grew nearly 300 percent over the past four years,
a compound annual growth rate of 44 percent.
Now, it's time for businesses to re-think their networks. The
digital transformation and its impact on networks is the subject of
a first-of-its kind report from Verizon called "Digital
Transformation Powers Your Business." The report looks at issues
facing enterprises as the digital evolution marches on, then
outlines key drivers of digital transformation, encourages CIOs and
leaders across organizations to rethink their network, in order to
drive results.
"Customers and employees demand responsiveness and speed in
every interaction, making it even more important for enterprises to
reinvigorate their interest in building and maintaining flexible,
robust and reliable networks or finding the right managed network
services partner," said Chris
Formant, global president , Verizon Enterprise Solutions.
"The network is at the core of any digital initiative. So when it
comes to what any company's network has to deliver, performance,
reliability and security are key."
More than two-thirds (67%) of IT leaders surveyed for the report
told Verizon that legacy networks can be a bottleneck to success.
Nearly 80 percent of them said that it was IT's responsibility to
ensure the network can support a company's digital transformation
plans, and a vast majority of respondents said that the network is
integral to the competitive advantage of a connected business.
And, importantly, preventing network failures is imperative, as
it is estimated that just an hour of critical application failure
can cost a large enterprise up the $1
million. 1
The report shows that any network should go beyond just
connectivity and align directly with business needs. The
technologies and platforms that emerged over the past several years
continue to grow on their own, and taken together provide the core
of any digitally-focused enterprise.
Eighty percent of businesses said that improving customer
experience was a critical or high priority for their business.
Seventy-four percent agreed that poor network quality translates to
poor user experience. Nothing ruins a customer's digital experience
quite like a timeout, particularly when everything is stored in the
cloud.
Cloud, mobile, the Internet of Things, big data and advanced
analytics and virtual reality and collaboration solutions are
critical considerations when doing network planning. And, the
network is arguably the single most important focus for enterprise
technology investments in the next five years.
Verizon offered an outline of what companies can do — starting
now — to help their companies be more efficient and deliver the
best customer experiences. It can be as simple as a three-step
plan:
- Create the right environment;
- Leverage new technologies like SDN where it makes sense to
benefit the business and customers;
- Identify and use strong partners to execute plans.
Verizon commissioned Forrester Research to study attitudes
toward business challenges and transformation. The research took
place in February 2015, and more than
600 decision makers at large enterprises and multinational
corporations took part. Respondents came from North America, Latin
America, EMEA and Asia
Pacific.
Verizon's report is available to download here.
1 IDC, DevOps and the Cost of Downtime: Fortune 1000
Best Practice Metrics Quantified, Doc 253155, December 2014.
Verizon Enterprise Solutions helps clients improve customer
experience, drive growth and business performance and manage risk.
With industry-specific solutions provided over the company's secure
mobility, cloud, strategic networking, Internet of Things and
advanced communications platforms, Verizon Enterprise Solutions
helps open new opportunities around the world for innovation,
investment and business transformation. Visit
www.verizonenterprise.com to learn more.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York, employs a diverse
workforce of 178,500 and generated more than $127 billion in 2014 revenues. Verizon Wireless
operates America's most reliable wireless network, with 109.5
million retail connections nationwide. Verizon also provides
converged communications, information and entertainment services
over America's most advanced fiber-optic network, and delivers
integrated business solutions to customers worldwide. For more
information, visit www.verizon.com/news/.
Verizon Enterprise Online News Room: News releases, blog posts,
media contacts and other information are available at Verizon
Enterprise Solutions News & Insights
(news.verizonenterprise.com). News from Verizon Enterprise
Solutions is also available through an RSS feed at
http://www.verizonenterprise.com/rss-options/.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/verizon-digital-transformation-means-rethinking-the-enterprise-network-300149925.html
SOURCE Verizon