Tag: Cloud / data center

IMC 2022 Highlights: India Mobile Conference Focuses on 5G Business Opportunities | Blog

With the launch of 5G in India last month, the 2022 Indian Mobile Congress (IMC) demonstrated many exciting possibilities for the high-speed network to deliver innovative use cases in India. Beyond the technology benefits, 5G can be leveraged to solve efficiency and optimization challenges and enable future growth for enterprises. To learn more about 5G business opportunities, read on.  

India embarked on its “new digital universe” with the official unveiling of 5G technology by Prime Minister Narendra Modi at the sixth edition of the Indian Mobile Congress (IMC), Oct. 1-4 in Pragati Maidan in New Delhi. In this blog, we share some of our key takeaways from the event organized by the Cellular Operators Association of India (COAI) and India’s Department of Telecommunications (DoT).

The evolution of connectivity technologies with 5G as a platform for boosting productivity and innovation was among the key themes that emerged from this India mobile conference that drew an enthusiastic response from technology service and infrastructure providers, manufacturers, industry and government officials, academia, and the public.

Shifting narrative: from explaining technology to showcasing possibilities

While the 5G benefits of increased connectivity speed, low latency, and improved reliability are now well known, the India mobile conference highlighted several 5G-enabling technologies. These include carrier integrated 5G network (low- and mid-band); open-source technologies and architectures (O-RAN); network cloudification through Software-Defined Networking (SDN), Network Functions Virtualization (NFV), and Multi-Access Edge Computing (MEC); small cell 5G architecture, private 5G, network slicing, and Fixed Wireless Access (FWA).

An interesting highlight of the event was the increased emphasis on showcasing the applications of 5G. Among the possible use cases spotlighted were massive and critical Internet of Things (IoT), machine-to-machine communication, collaborative robotics, autonomous driving, vehicle edge computing, metaverse and Augmented Reality (AR) powered collaboration, predictive maintenance, remote surgery, real-time analytics and decision making, cloud-based gaming, smart cities solutions, intelligent supply chain and logistics, and smart retail.

With 5G resolving connectivity problems and other building blocks like cloud, Artificial Intelligence and Machine Learning (AI/ML), and IoT now mainstream, enterprises have all the needed elements to optimize and modernize their technology landscape and capture the next wave of growth opportunities.

5G for sustainability: an emerging conversation

While 5G network equipment and components are generally expected to consume more power than the previous generation, recent equipment and software innovations aim to make products as energy efficient as possible.

Some examples of the energy-efficient technology presented at IMC included lightweight massive Multiple-Input Multiple-Output (MIMO) radios and software solutions such as traffic-aware dynamic network management solutions for energy monitoring and management that provide 5G levels of expected network performance while consuming the same amount of energy as the traditional 4G network.

5G also is expected to power the next generation of sustainability applications around Greenhouse Gas (GHG) emissions monitoring and management, optimal resource management, smart transport, and other uses. Its higher bandwidth will make it possible to connect large numbers of IoT devices over the Internet and enable faster decisions through increased connectivity speeds and low latency.

Turning possibilities into practicalities: the need for building a contextualized business case

While 5G offers numerous benefits, from optimization and efficiency to unlocking new growth avenues, the strategic business value needs to be clearly communicated to enterprises.

Currently, the 5G ecosystem is a bit fragmented, with different types of players offering their own strengths. For example, OEMs are focusing on improving the equipment and hardware; communication service providers are focused on increased speed and low latency; and system integrators (SIs) bring data, AI/ML, IoT, and cloud expertise.

To move to the next level, industry players need to combine 5G’s benefits of connectivity, reliability, and low latency with AI/ML, IoT, and cloud to build business use cases that add value to enterprises beyond just showcasing the possibilities.

Ecosystem players need to help enterprises realize that 5G is not only an improved wireless network technology but also a solution to their long-standing efficiency and optimization challenges that can enable their next wave of growth.

To further discuss the India mobile conference and how to capture the most value from 5G business opportunities, please reach out to us at [email protected] and [email protected].

Watch our webinar, What’s Ahead After a Decade of Digital Transformation?, to hear our analysts share perspectives on what’s in store for the digital transformation industry in the next ten years.

Metaverse Adoption: How Cloud Can Add Reality in Virtuality | Blog

As the foundational technology for metaverse, a cloud infrastructure can unleash metaverse’s true promise and help it grow. To learn about the five critical elements cloud offers metaverse and how it is impacting enterprise strategies and the future, read on.

Metaverse holds the promise to transform the way we create, consume, and communicate information by integrating virtual, augmented, and physical realities in a world where users can engage and gather immersive experiences.

Technology pioneers are betting on this multi-billion-dollar industry that can offer experiential engagement to digital customers. With a potential growth rate of more than 50% by 2030, it is considered the technology of the future.

From redefining the hybrid work model to modernizing product payment systems and innovating experiences at speed and scale, metaverse has found applications most everywhere across all enterprises. It has evolved from only being accessible through Virtual Reality (VR) headsets to becoming directly available through smartphones.

“The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room.”

– Satya Nadella, Chairman and CEO, Microsoft

The metaverse’s foundation

But what enables metaverse to create synced avatars that can interact in real-time with such ease? Which underlying technologies integrate to create the virtual existence of our physical realm?

Beneath this world of enhanced user experience and engagement lies the core of all the new-age order – the cloud. Metaverse seems to be a natural use case of cloud adoption. Its ever-expanding universe of existence demands resources that can support its growth.

Moreover, cloud can exhibit its true potential to be purpose-led with the expansion of metaverse. Thus, with the underlying requirements of accessibility and connectedness, a cloud-native infrastructure can unleash metaverse’s true promise.

Five critical elements that cloud offers metaverse

Cloud caters to the metaverse in the following ways:

  • Scalability: Metaverse requires a similar experience for several concurrent users. Distributed cloud computing allows easy interactivity and accessibility through on-demand computing power, storage, and networking capabilities. Underlying flexible architectures allow constant scaling and user expansion. Hyperscalers have already recognized their role and are creating technology stacks to enable metaverse
  • Efficiency: Creating an open metaverse system requires a powerful underlying infrastructure that can combine complicated virtual environments into a single ecosystem. Being complex and compute-intensive, more innovative ways to leverage infrastructure are needed. Hosting environments must not only store and immediately process huge data streams but also maintain similar operational levels at all times. With a hybrid and distributed cloud environment, metaverse applications can seamlessly access enormously powerful processing resources. Cloud services providers are continuously providing optimized cloud environments based on adopting metaverse applications
  • Interoperability: Metaverse provides an interconnected virtual environment where users can find new means to engage and access content. This opens new opportunities for monetization with virtual and physical synergy. Interoperability in metaverse requires standard protocols, homogenizing multiple data structures, and output streams to converge for a seamless experience. Cloud-enabled open metaverse architecture has embedded interoperability principles empowering users to port their identities into a shared digital ecosystem
  • Real-time experience: Providing real-time experiences to millions of concurrent users requires low latency levels. Latency is directly related to decision-making in the virtual environment. Also, latency reduction helps remove cyber-sickness (similar to motion sickness), which is prominent in VR usage. Cloud delivers believable experiences through dispersed points of presence, and with edge cloud, service providers can boost computing powers and improve response time. Edge computing thus plays a vital role in providing high-quality rendering in real-time
  • Cost-effectiveness: Consumers need Augmented Reality/Virtual Reality (AR/VR) glasses to have a truly immersive experience in metaverse. Even entry-level versions of these equipment pieces are relatively expensive because of inbuilt hardware. Offloading compute to edge cloud infrastructure can potentially lower the costs and increase the feasibility of the systems

Metaverse’s impact on cloud strategies

Industry players have recognized the cloud’s pivotal role in the metaverse space. Social media companies, game developers, and technology vendors have begun to meaningfully invest in strengthening their cloud infrastructure.

The race to embrace metaverse is changing future cloud adoption strategies in such ways as:

  • Increased hybrid cloud adoption – Adopting a hybrid cloud to host enterprises’ metaverse entities will improve the speed, availability, reliability, and scalability of metaverse environments
  • More secure cloud investments – Financing is essential for the operations and to build native applications to leverage the power and capacity that cloud offers
  • New edge computing appreciation – This architecture can help alleviate performance and connectivity challenges
  • Increased custom-built cloud solutions – Enterprises are favoring this approach, which can accelerate their metaverse adoption, such as AR cloud

Metaverse adoption outlook

We expect enterprise leadership to increasingly push for metaverse adoption to meet evolving internal objectives or changing environmental dynamics. Transforming the underlying infrastructure to be metaverse-ready is the first – and most critical step – for enterprises embarking on this journey.

For more details on metaverse adoption, see our Metaverse Primer: What Is It and Where Can It Be Used? To discuss leveraging the cloud to have a metaverse-ready infrastructure, contact [email protected] and [email protected].

You can also watch our LinkedIn Live session, Trust and Safety (T&S) in the Metaverse, to learn risk mitigation strategies for challenges that could arise when taking on metaverse initiatives, and implications for the third-party T&S services market.

How to Unlock the Full Value of Cloud | Webinar

ON-DEMAND WEBINAR

How to Unlock the Full Value of Cloud

Access the on-demand webinar, delivered live on November 8, 2022.

The need for superior speed, agility, resiliency, and product innovation continues to push enterprises to adopt cloud solutions. To optimize their use of cloud and maximize benefits, enterprises are increasingly pushing industry-specific workloads to cloud to realize user experience and growth benefits.

In this webinar, our experts will discuss how enterprises can measure the value of cloud, the challenges enterprises face in realizing its benefits, and how to unlock its full potential to maximize efficiency.

What questions will the webinar answer for the participants?
• How are organizations measuring value from their cloud investments?
• What are some of the practices adopted by best-in-class organizations to realize value of cloud?
• What are the best strategies for deriving value from the cloud?

Who should attend?
• CIOs, CTOs, and CDOs
• IT and BPO department heads
• Sourcing leaders
• Strategy leaders
• GBS Leaders managing IT and BPO outsourcing contracts

Sundrani Ricky
Vice President
Ranjan Mukesh Refresh gray square 1
Vice President

Making It Easier to Build Apps with Time Series Data | In the News

Developers must often build and integrate apps that consume time series data using a mix of clouds, languages, frameworks, and tooling. Time series data isn’t a new challenge for software developers, but the exponential increase in time series data in recent years (with no signs of slowing down) certainly makes it more complicated.

“Tool integration and usage is always a challenge, and time series data applications are no exception,” said Yugal Joshi, Partner at Everest Group, where he leads digital, cloud, and application services research. “However, this challenge isn’t worse in this scenario.”

Read more on The New Stack

Unleashing the Potential of Data in Insurance – The Road Ahead | Blog

Leading insurance organizations seek to be more data-driven in their business decisions by harnessing the full potential of the data that resides within their enterprise boundaries. With the evolving technology landscape, real-time experience management, and explosion of data types, insurers are increasingly leveraging real-time insights to improve customer experience. In this blog, we will explore the potential benefits for carriers of unlocking data in the insurance value chain.

Insurance enterprises are facing a tough business environment marred by macroeconomic challenges, heightened natural catastrophes, and unfavorable interest rates. This is creating an urgency to re-evaluate underwriting and pricing models by taking data-driven approaches.

Data can help insurers unleash the next growth wave, enable targeted cross and up-selling generated through higher customer engagement levels, and provide a 360-degree view of their customer needs. For example, embedding data and analytics and Artificial Intelligence and Machine Learning (AI/ML) models within the claims workflow can enable zero-touch insurance claims transactions. The digital interaction process can flow seamlessly from intaking all filed claims consistently across channels, validating and assigning complexity scoring to each claim, segmenting and routing the claims based on complexity, to finally settling them as quickly as possible.

Infusing intelligence across insurance operations while investing in data and analytics capabilities can generate a surplus economic value of US$ 874 billion, according to Everest Group research, as illustrated below.

Exhibit 1

Picture1
Source, Everest Group

However, the industry faces challenges to effectively unlock the full potential of data in insurance, including:

  • Siloed and scattered data: Insurers face a high data spread across disparate systems, business lines, functional areas, and channels preventing them from gaining a 360-degree customer view, resulting in high integration costs
  • Inadequate enterprise-wide data strategy: Insurers need to foresee the entire insurance lifecycle to democratize enterprise-level data and analytics objectives and define how they can manage data as an asset and drive critical business decisions
  • Attraction and retention of skilled talent: Employees with technical expertise and domain-specific skills are scarce

The changing road ahead

Insurers are not only striving to make data-driven decisions but also beginning to explore new business models by combining available big data with advanced AI and ML capabilities.

Insurers are shifting from being risk mitigators to playing more of a risk avoidance role with data, cloud, and platforms being their foundational components. Digitization of the value chain, new business models, and underwriting transformation are helping insurers expand their roles from underwriters to risk decision partners who predict unforeseeable risks and ensure protection.

Data from connected devices is becoming a prominent source to assess and prevent risks. To illustrate, in the auto insurance industry, sensors, blind-spot assist, collision avoidance tools, and other safety systems have already been pre-built into vehicles using behavioral data to help improve safety.

Vast data stores are opening up opportunities to price risk more accurately and offer personalized product structures. For instance, utilizing climate and other third-party data empowers insurers to assess geographical areas that present greater catastrophic risk and charge higher premiums instead of measuring these types of risk through traditional approaches.

Deploying AI and other latest technologies not only assists with ingesting unstructured data but also helps generate actionable insights that previously were unavailable to underwriting and claims teams. Insurance data and analytics spend is growing at an accelerated rate of over 25% annually as insurers look to transition to being data-driven enterprises.

Leveraging data from different types of sources such as wearables, internet of things (IoT) sensors, and telematics through clients’ lifestyles and behavior, insurers are embarking on a new age digitized underwriting process. Smart loss capture and IoT sensors are expected to bridge the gap between the traditional claims processing mechanism to zero-touch claims transactions.

How will the insurance industry progress toward a data-driven approach?

Insurers need to actively engage with the ecosystem of data generated by the insurance enterprises as well as information coming in from external sources such as InsurTechs, and services and technology partners. By doing this, insurers can create and implement strategies that will lead to unmatched automated decision-making support that they can leverage to drive growth and efficiency and extract maximum value.

Exhibit 2

Picture2

Source, Everest Group

Data will be a central driving force to strengthen competitiveness in the industry moving forward – allowing carriers to leave behind their traditional approach of solely being risk protectors and move them toward being risk preventers.

As insurers look to become data-driven, data centers and cloud services can enable companies to respond to evolving customer needs, improve resiliency, instill agility, and drive enhanced operational efficiency. Similarly, leveraging AI/ML models and predictive analytics offer a major solution to the challenge of providing real-time actionable insights. Insurers that can create true differentiation and impact using internal and external data will be able to future-proof their business and be seen as leaders in times to come.

To learn more, check out our State of the Market Report 2022 – Unveiling the Economic Value of Data and the Road to Actualization. To discuss more on these topics and share your perspectives with our analyst team, contact [email protected], [email protected], [email protected], and [email protected].

How Enterprises Can Achieve Full Value from ServiceNow Investments | Blog

In response to changing market demands, ServiceNow has expanded its platform over the past two years, from primarily managing IT workflows to providing full enterprise solutions. Read on to learn the best practices from industry leaders to ensure your greatest return from ServiceNow investments.   

Since our inaugural ServiceNow Services PEAK Matrix Assessment in 2020, the software company has significantly expanded its portfolio to go beyond IT Service Management (ITSM) to new offerings that help clients drive business growth, increase resilience, and enhance employee productivity.

Our recently published second edition of the assessment found about 65% of enterprises are exploring scaling up ServiceNow investments for end-to-end process modernization. CIOs who have upgraded their IT workflow on ServiceNow are now looking to transform business processes and integrate the platform with existing systems of record, engagement, and intelligence.

Based on our interactions with industry leaders, we recommend enterprises consider the following factors when seeking to modernize their business processes with ServiceNow:

  1. Shift away from IT to business Key Performance Indicators (KPIs)

The watermelon effect of KPIs in ITSM is not new. Over the past two years, we have addressed several situations where ServiceNow clients struggled with having all the metrics look green on the outside but are red on the inside.

The reason often is two-fold – tracking irrelevant metrics and overreliance on IT metrics. Enterprises need to track relevant metrics closely tied to business outcomes while being aware of the pitfalls in measuring these metrics.

ServiceNow customers are tracking business KPIs such as customer experience, reduction in touchpoints, percentage of issues resolved by self-healing, and cost efficiency. Leading service partners are proactively collaborating with customers to course correct and update KPIs and tracking methods during quarterly and mid-year reviews.

  1. Minimize customization

Early adopters leveraged ServiceNow to make custom applications and create a final product that mimicked organizational processes. These solutions were developed on the go to meet demand. As ServiceNow continues to push new and improved versions, it has become very difficult and costly for these customers to make updates due to the huge technical debt.

Clients that adopted ServiceNow largely out-of-box are more agile and tend to benefit from improved processes. Enterprises should modernize their processes to fit the standard offerings and minimize customization or wait for the offerings to sufficiently mature before investing.

  1. Select the right transformation partner

We think Albert Einstein’s famous statement, “The definition of insanity is doing the same thing over and over and expecting different results,” unfortunately, applies here. Most enterprises need qualified staff to help guide and manage the project over multiple years. They also need to deal with unplanned turnover, the ServiceNow talent gap, inflexible contracts that don’t allow for strategy changes, ever-shrinking budgets, and, last but not least, the desire to have measurable outcomes. But often, enterprises end up using the same vendor selection and RFP processes without taking these factors into account.

Leading enterprises have not only updated their vendor selection methods but also have started planning for attrition, contractual flexibility, and outcome accountability right at the beginning of the engagement.

Large enterprises now are more open to engaging with specialist ServiceNow partners for module-specific requirements, especially for non-ITSM products such as Human Resources Service Delivery (HRSD), Customer Service Management (CSM), and Governance, Risk, and Compliance (GRC). This is mainly owing to the specialized focus and right mix of flexibility and agility that large Global System Integrators (GSIs) often fail to offer.

We are closely tracking demand and supply-side developments in ServiceNow. For more insights, see our report, ServiceNow Services PEAK Matrix Assessment 2022, which sheds light on the ServiceNow partner ecosystem.

We would like to hear your thoughts on your ServiceNow investments and the growing adoption of innovative operating models to achieve business outcomes. Please reach out to us at [email protected] and [email protected].

You ca also find out What’s Ahead After a Decade of Digital Transformation in this webinar as we share perspectives on what’s in store for the digital transformation industry.

Is Hybrid Cloud Right for Your Business? | In the News

While public clouds dominate the hype cycle, CIOs and CTOs are threading the needle with a hybrid cloud strategy, which makes use of the scale and flexibility of the public cloud. It also ensures compliance and other requirements are met with an on-premises or private cloud. In a recent Everest Group survey, 72% of respondents described their cloud strategy as hybrid-first.

Read more in Digitalisation World

3 Tips for Managing Perpetual Change from Software-defined Operating Platforms

Over the past seven years, almost all large companies made substantial progress in implementing digital transformation across a wide variety of functions. At the core of those enormous investments and efforts was building software-defined operating platforms, which put companies on a trajectory to fundamentally change how they operate their business. However, studies show many companies (70%) failed or underperformed against their digital transformation objectives. In this blog, I’ll discuss three tips for how to avoid that outcome and, instead, reap the significant benefits of software-defined operating platforms.

Read on in Forbes

Building a Sovereign and Sustainable Cloud: How are European Organisations Evolving? | Webinar

ON-DEMAND WEBINAR

Building a Sovereign and Sustainable Cloud: How are European Organisations Evolving?

Europe and the UK (among other major markets) are increasingly looking at the sovereignty and environmental sustainability of their cloud transformations. Sovereign cloud initiatives have been accelerated by cybersecurity concerns from the Russian invasion of Ukraine and ongoing programs such as GAIA-X and Cloud de confiance in France, while sustainability and the carbon footprint of digital transformation initiatives are now a board-level agenda.

Europe and the UK (among other major markets) are increasingly looking at the sovereignty and environmental sustainability of their cloud transformations. Sovereign cloud initiatives have been accelerated by cybersecurity concerns from the Russian invasion of Ukraine and ongoing programs such as GAIA-X and Cloud de confiance in France, while sustainability and the carbon footprint of digital transformation initiatives are now a board-level agenda.

Based on Everest Group’s close tracking of the Europe and UK technology landscape, this webinar will focus on how organisations in this region are embracing sovereignty and sustainability and the opportunities that exist for technology and service providers.

What questions will the webinar answer for the participants?

  • How are organisations in Europe and the UK embracing sovereignty and sustainability as a part of their cloud transformation?
  • What are the critical investment areas and key challenges faced in this journey?
  • What opportunities exist for technology and service providers?
  • How will this ecosystem evolve as we approach a recession?

Who should attend?

  • CIOs and CTOs
  • Sourcing and procurement leaders
  • Heads of cloud, sustainability, and government relations
  • ESG officers / Chief sustainability officers
  • Service providers and technology vendors

Request a briefing with our experts to discuss the 2022 key issues presented in our 12 days of insights.

Request a briefing with our experts to discuss our 2022 key issues

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