Grabbing an upcoming technology in its infancy is a strategy that can give you impressive returns. Don’t shy away.
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It’s Easy On the Purse
In 2007, when ICICI Bank, ICICI Prudential and ICICI securities jointly deployed virtualization, the technology was yet to gain mainstream acceptance. Joydeep Dutta, CTO, ICICI Securities swears by the benefits of making the early move. “We were the first company in our sector to make the move. And today, our datacenter expenses incurred on power, cooling and servers has come down significantly,”
Umesh Mehta, VP-IT, Asia MotorWorks, also feels that adopting technologies early provides organizations with strategic value and reduced costs. And he talks from experience. “We adopted business intelligence early on. We are growing at a healthy growth rate of 10 percent. And BI supports our growth. It has helped us reduce costs by 20 percent and has boosted our productivity by 35 percent. So we have seen a distinct advantage of early adoption,” he says
A study by Infoholic Research forecasts that SMEs will dominate the Virtual Private Cloud (VPC) market, which is estimated to reach $45.69 billion by 2022.
Shadow IT is real, and it’s here to stay. But is it something grave, something our IT top hats need to watch out for?