Intelligent CIO Middle East Issue 19 | Page 90

FINAL WORD T he lightning-fast pace of technological innovation is forcing organisations to change the way they operate or risk falling behind. As IT leaders and analysts say, every company is now becoming a software company. We’ve entered a new era of the Always-On Enterprise, where businesses operate globally on an 24.7.365 basis, and where IT services and applications must run continuously. The need to deliver round-the-clock access to applications and data has never been more critical. Companies want to ensure business continuity and thus cope with the new demands of their customers, employees and partners to remain competitive. Mobility, connected devices, cloud technologies and virtualisation are transforming business operations in every industry. Healthcare organisations are improving patient outcomes with digital patient records. Financial services companies are delivering mobile banking while keeping pace with growing regulations. YOUR CUSTOMERS INCREASINGLY INTERACT WITH YOUR PRODUCTS AND SERVICES DIRECTLY THROUGH THE SOFTWARE THEY TOUCH. IF THE SOFTWARE FAILS – OR FAILS TO DELIGHT – THE BRAND SUFFERS. Manufacturers are driving efficiencies and cutting costs through logistics. Higher education institutions are keeping students and faculties connected with apps, data and virtual classrooms across devices. Retail companies are finding new ways to interact with customers to keep their registers ringing, both online and in store. The digital transformation is having a huge impact on how products and services are created and delivered and how your customers interact with you. As Forrester says in its 2014 ‘Software Must Enrich Your Brand report’: “Your customers increasingly interact with your products and services directly through the software they touch. If the software fails – or fails to delight – the brand suffers.” The highest spending IT budgets are allocated to improve the customer experience. Customer loyalty, which plays a primary role for every company and covers all industries, relies on them having confidence in uninterrupted and always available services. Companies spend billions on building brands and getting loyal customers, but all these efforts and investments can be lost or seriously damaged very quickly. Internal events like power failures and negligence, or even external things like hacking, lightning and flooding, may undermine the proper functioning of a company. This can cause the loss of key data, in addition to negatively impacting a company’s reputation and revenue. In the latest Veeam market and customer survey conducted with ESG, the 2017 Veeam Availability Report, CIOs reported that downtime incidents are on the rise, costing Middle East enterprises an average of $21.8 million annually. On top of the financial damage, there’s always irreparable damage to reputation and customer confidence. The study shows that 90 INTELLIGENTCIO www.intelligentcio.com