Getting core components of corporate IT right, like network management, is critical to corporate success with multiple studies showing the correlation between effective IT and the bottom line.
A State of the WAN study showed that when the performance of business critical applications is performing badly, the company loses revenues and customers. Dr Richard Foster of Yale University, reported that most of today’s businesses are not destined for long lives. “The average lifespan of an S&P 500 company has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 15 years today.”
Small companies don’t fret because as the old guard of corporations drops out of the S&P 500, new ones are taking their place.
“By 2020, more than three-quarters of the S&P 500 will be companies that we have not heard of yet,” reported Foster.
Finding innovations like network management
Part of breaking through into the big boys club is embracing innovations that allow smaller companies to do more with less and adapt to market conditions faster. From adopting new forms of automation like the Uplogix Local Management platform that lets IT groups better manage distributed network infrastructure for greater uptime with fewer support trips.
IT groups that learn to embrace and guide “shadow IT,” the adoption of hardware and apps by employees outside of the official corporately-approved list can also get a jump on the market. It’s not all roses though — shadow IT can be fraught with security and business risks that can undo any benefits.