Top 5 trends that will change NZ business over the next 5 years

Top 5 trends that will change NZ business over the next 5 years

“We know that the majority of local organisations either have a cloud strategy they are pursuing today or want one."

NetApp has revealed the results of an in-depth study which highlights the mega-trends that New Zealand business and IT leaders believe will affect their organisations over the long-term.

According to the results of a May 2015 Tech Research Asia survey of 468 local organisations across both sides of the Tasman, the top five mega-trends that are considered either “somewhat” to “very” disruptive by business and IT leaders are:

• Economic Change (selected by 46 percent of CIOs and 49.6 percent of CxOs)

• Technology Innovation and the Internet (selected by 44 percent of CIOs and 47 percent of CxOs)

• Changing Consumer Expectations and Behaviours (selected by 32.5 percent of CIOs and 40 percent of CxOs)

• Population Growth (selected by 31 percent of CIOs and 30 percent of CxOs)

• Ageing Population (selected by 18 percent of CIOs and 26.5 percent of CxOs)

However, when looking at the results filtered by industry other mega-trends like “cyber-attacks”, “the rise of Asian economies”, “global warming”, “access to and quality of education”, and “challenges to healthcare and disease prevention” feature prominently as concerns for local business and IT leaders.

“We know that the majority of local organisations either have a cloud strategy they are pursuing today or want one,” says Tim Dillon, Director, Tech Research Asia.

“These companies desire data and application portability across all of the services and infrastructure they consume - including on-premises equipment.

“As the impacts of these broad range of mega-trends start to be more acutely felt, the value of being able to manage data seamlessly across a hybrid environment to generate insights - and more importantly to take action - will become vastly more apparent.”

One in four local organisations say they are already using data analytics to prepare for the arrival of these mega-trends.

However, both business and IT leaders note a raft of challenges with using this data.

These include:

• 30 percent of CxOs struggle to find people with the right skills to analyse the data and 31 percent have difficulty with timeliness of access to data

• 41 percent of CIOs find it challenging to secure their data, while one in five are concerned about a lack of data portability across providers

• One third of CIOs and CxOs are challenged to find cost-effective storage of data

• 28 percent of CxOs are also concerned their internal data managed skills are not strong enough

“The research tells us that, on average, A/NZ organisations perceive an improvement of anywhere between 18 percent to 32 percent in a range of financial metrics and operational activities by using data more effectively,” adds Steve Manley, Managing Director, NetApp A/NZ.

“NetApp is investing in a data fabric architecture and framework to make hybrid IT simpler, faster and more secure.

“Regardless of what industry you are in, this data fabric will be as critical in dealing with the long-term impacts of the mega-trends as it is for achieving near-term goals.”

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