Technology needs to change with time and if the latest surveys and reports are any indication the change needs to come fast. A survey brought out by Veeam Software, a leader in data management, shows a rising tide of change with as many as 44% of global organizations getting hindered in their digital transformation efforts and strategy due to legacy technologies.
As organizations look to transform their business operations and revolutionize customer service, Digital Transformation (DX) is at the top of most CXOs’ agendas; in fact, DX spending is expected to approach $7.4 trillion between 2020 and 2023, a CAGR of 17.5%. According to the survery by Veeam Software, organizations cite lack of IT skills or expertise as barriers to success. Moreover, almost every company admitted to experiencing downtime, with 1 out of every 10 servers having unexpected outages each year — problems that last for hours and cost hundreds of thousands of dollars – and this points to an urgent need to modernize data protection and focus on business continuity to enable DX.
“Technology is constantly moving forward, continually changing, and transforming how we do business – especially in these current times as we’re all working in new ways. Due to DX, it’s important to always look at the ever-changing IT landscape to see where businesses stand on their solutions, challenges and goals,” said Danny Allan, CTO and SVP of Product Strategy at Veeam.
The Veeam 2020 Data Protection Trends Report surveyed more than 1,500 global enterprises to understand their
approach toward data protection and management today, and how they expect to be prepared for the IT challenges
they face, including reacting to demand changes and interruptions in service, as well as more aspirational goals of IT
modernization and DX.
The Criticality of Data Protection and Availability: Findings of the Report
Data protection is more important than ever now to help organizations continue to meet their operational IT demands
while also aspiring towards DX and IT modernization. Data is now spread across data centers and clouds through file
shares, shared storage, and even SaaS-based platforms. Legacy tools designed to back up on-premises file shares
and applications cannot succeed in the hybrid/multi-cloud world and are costing companies time and resources while
also putting their data at risk.
Respondents stated that data delivered through IT has become the heart and soul of most organizations, so it should
not be a surprise how important “data protection” has become within IT teams, including not just backing up and
restoring data, but also extending business capabilities. However, many organizations (40%) still rely on legacy
systems to protect their data without fully appreciating the negative impact this can have on their business. The vast
majority (95%) of organizations suffer unexpected outages and on average, an outage lasts 117 minutes (almost two
Digital Transformation and the Cloud
Enterprises know they must continue to make progress with their IT modernization and DX initiatives in order to meet
new industry challenges, and according to this report’s feedback, the most defining aspects of a modern data
protection strategy all hinge upon utilization of various cloud-based capabilities: Organizations’ ability to do disaster
recovery (DR) via a cloud service (54%), the ability to move workloads from on-premises to cloud follows (50%), and
the ability to move workloads from one cloud to another (48%). Half of businesses recognize that cloud has a pivotal
part to play in today’s data protection strategy; and it will most likely become even more important in the future. For a
truly modernized data protection plan, a company needs a comprehensive solution that supports cloud, virtual and
physical data management for any application and any data across any cloud.
“Digital transformation is redefining the competitive business environment at an unprecedented rate. Anchored on
key technologies like cloud, virtualization and modern storage systems, modernization of IT is critical to deliver
business continuity for rising customer expectations and de-risking business from evolving cyberattacks plus
compliance measures. Our Veeam 2020 Data Protection Trends Report puts the spotlight on the importance of data
management and protection across hybrid cloud environment. A simple, flexible and reliable Cloud Data Management solution is critical to build a robust foundation for today’s digital business”, says Sandeep Bhambure, Vice President & Managing Director, Veeam India & SAARC.
The 2020 Veeam Data Protection Trends Report is available here.