EMC, A global enterprise storage company, has urged technology related companies to be innovative and adapt to global technology trend, if they must remain in business. They warned investors and business managers not to treat modern technology solutions with levity, since the solutions are becoming disruptive due to the competitive nature of the technology space.
Speaking in Lagos, the General Manager of EMC West Africa, Mr. Nicholas Travers, said over 89 per cent of global companies have gone into extinction because they ignored the importance of technology to business. He commended the surviving companies and advised them to embrace new technology solutions, especially, the product range of solutions currently being offered by EMC in data storage and management.
He said EMC invests between 20 and 25 per cent of its revenue on research and development on new solutions that will not only reduce cost of running a business, but also driving such business to profitability.
Revealing the result of a recently conducted global survey among 1000 Chief Information Officers (CIOs) by EMC, Travers said 72 per cent of CIOs interviewed, said they wanted innovation that will boost their business in a disruptive manner.
According to him, innovation is inevitable to the growth of businesses, and called on CIOs and managers of businesses to deploy technology solutions that will help them innovate and remain competitive in business.
He said the global prediction that by 2020, there will be seven billion connected people and 30 billion connected devices, would become a reality with new technology innovation.
He said the global Information Technology (IT) spend is currently put at $4 trillion in a year, but explained that appropriate solutions from EMC could actually drive down such huge cost on IT spend. Travers explained that the partnership between EMC and TD is well calculated to bring technology solutions from EMC, closer to the people.
