Workday study forecasts spike in digital revenue
In an announcement made by Workday, the company reported the release of its latest study “Organisational Agility: Roadmap to Digital Acceleration”.
The study explored the state of digital initiatives and organisational agility. Workday surveyed voer 1,000 C-suite executives and business leaders in order to identify key challenges and opportunities in adopting digital best practices for greater organisational agility.
“The survey results indicate that business leaders plan to accelerate digital initiatives, with one-third noting that the single change that would improve organisational resilience with future crises is accelerated rates of digital growth,” stated Workday.
Key findings from the report:
- More than one third of firms expect 75% or more of their revenue to come from digital in three years time - this figure has tripled since 2019 in which one in 10 had the same projection
- While 56% of organisations say that their technology is compatible with their digital transformation goals, only 16% say the same for their company culture
- 77% of firms reported that their organisation is fast to act on falling investments in new technology, up 7% compared to 2019
- With 43% of respondents embracing continuous planning prior to the pandemic, Workday identified three core enablers that signal success: access to data, deployment of smart technologies, and an agile culture
- 31% of CEOs see culture as the biggest barrier when it comes to continuous planning, while 32% believed it to be the biggest barrier for data accessibility
- 64% of the finance industry are focused on highly integrated systems, while 49% are focused on cloud technology to improve the planning/reporting loop as well as mitigate the risk of future crises
- Skills deemed most valuable among IT and operations leaders include: the ability to use smart technologies (33%) and advanced analytics and data visualisation (30%)
“Business leaders now face a harsher reality about the urgency of digital transformation. This study highlights that COVID-19 not only cemented the need for companies to modernise but, as important, to accelerate those efforts. From supporting remote work processes to increasing opportunities for digital revenue and rebuilding supply chains, technology limitations proved to be a challenge for organisations in 2020, creating urgency to embrace and adopt new digital strategies,” commented Leighanne Levensaler, executive vice president, corporate strategy, and managing director and co-head, Workday Ventures, Workday.
NetNumber: Time for a cloud-native transformation
NetNumber is accelerating the transition in the telecom industry to 5G as it starts a shift to cloud-native architecture to address the fast-paced demands of global subscribers and businesses.
NetNumber is offering the industry’s first cloud-native platform designed to ensure InterGENerational™ network performance addresses both the legacy and next-generation requirements of telecom networks.
“NetNumber has developed the industry’s most robust cloud-native, InterGENerational platform that addresses both the legacy and 5G requirements of telcos,” said Matt Rosenberg, Chief Revenue Officer of NetNumber.
The platform provides vertical and horizontal scale-out with low latency, coupled with a suite of data replication capabilities, which provide flexible architectural options that can evolve with the changing network over time.
“Cloud-based solutions from other vendors tend to be limited in terms of supporting particular network generations or protocols. We’ve created our latest platform TITAN.IUM to allow customers to take any generation of applications, any generation of legacy services and protocols and move them into the new world of cloud-native architecture,” said Rosenberg.
“This is a really important part for a carrier to harmonise their network, bring data services together, bring legacy with new together in order to make a more effective and efficient network, as well as reduce their cost as they scale forward,” he said.
Established in 1999, NetNumber has fostered a strong team environment that leverages the industry’s best skills to offer software solutions tailored for carriers of all dimensions. Based outside of Boston and with presence in over 20 countries, the company delivers a range of products that address all generations (2G, 3G, 4G, 5G) of network functions in the core network, deep rooted security products and services, STIR/ SHAKEN and set of options around data services in more than 90 countries.
Steeped in experience in building telecom solutions, software, protocol stacks, and integration of third party tools, the company’s development organisation has proven to supply to the industry with the most reliable and flexible solutions on the market.
“At NetNumber, we focus on our core competencies – we are dedicated to providing industry expertise in signaling, routing, security, subscriber management and data services. We provide customers a strong ROI through platform-based solutions that reduce Capex and Opex in the long-term,” commented Rosenberg.
Five reasons why customers choose NetNumber:
- Expertise - NetNumber has experts with deep knowledge in signaling/routing, security, and subscriber database management.
- Integration - An industry-first platform brings together domain services, applications, security, and global data services.
- Scale - NetNumber has the ability to seamlessly increase network efficiency using vertical and horizontal scaling.
- Speed - World-class solutions have the power to help companies create new service offerings and accelerate time to ROI.
- Savings - Customers enjoy significant savings in capex and opex, flexible deployment models, and investment protection.
NetNumber and Virgin Mobile MEA
“We're very proud of our partnership with Virgin Mobile MEA as they've taken the concept of the InterGENerational platform into their regional network strategy,” commented Rosenberg. “That’s accelerated how they develop exceptional services across the Middle East and Africa region.
“We work with them hand-in-hand to deliver multiple applications onto our platform which has enabled them to provide exceptional, advanced and innovative services to their customers across the Middle East, who demand high quality services.
“What they've really taken advantage of is scale. What I mean by that is they are putting multiple generations of applications and services onto the same platform and distributing that data across their network. That has resulted in an advantageous position of time to market and operational savings.
“Rather than having different applications for many different vendors that cause operational chaos, they've been able to consolidate that and reduce their operating costs by having everything on one common architecture. We’ve had a long-term relationship with Virgin Mobile in Saudi Arabia, and recently signed an agreement with Virgin Mobile in Kuwait.”
Rosenberg says that with these solutions, Virgin Mobile MEA can take advantage of getting to the market much quicker and faster—which is what today’s discerning customer demands.