Over 40% of Businesses Experience Revenue Losses from Technology Downtime, Cloud Complexity, and Legacy System Constraints
SANTA CLARA, Calif., Oct. 24, 2023 /PRNewswire/ -- Fifty-five percent of enterprises are struggling to derive meaningful insights from their data, highlighting an industry-wide need to deliver technology faster, more reliably and in more places, according to a recent survey by Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi, Ltd. (TSE: 6501). The survey revealed ongoing challenges related to security, inflexible systems, isolated data, a skilled labor shortage, and the need for infrastructure agility. These challenges are heightened by rising data complexities, rigid technology environments, and increasing costs due to aging or legacy infrastructure.
- These challenges are heightened by rising data complexities, rigid technology environments, and increasing costs due to aging or legacy infrastructure.
- The survey exposed major legacy infrastructure challenges causing IT decision-makers to report negative impacts on their businesses.
- Key findings include:
56% of businesses reported a significant impact on revenue due to technology downtime. - It enables enterprises to innovate, collaborate, and flourish amid ever-evolving technology," said Gary Lyng, vice president, product and solutions, Hitachi Vantara.