The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Verizon Identifies Key Enterprise-Technology Trends for 2014

Wednesday, November 20, 2013

Verizon Identifies Key Enterprise-Technology Trends for 2014

08:30 EST Wednesday, November 20, 2013

Cloud, Security and M2M Connected Solutions Give Individuals Greater Control Over Innovation and Business Success

NEW YORK, Nov. 20, 2013 /PRNewswire/ -- Enterprise users will gain unprecedented control over their technology environment in 2014, according to Verizon Enterprise Solutions' list of top enterprise technology trends for 2014. The new year will see a sharp focus on how enterprises and governments use technology to enhance the customer's experience and enable innovation.

"We are experiencing the democratization of enterprise technology," said David Small, Verizon Enterprise Solutions' chief platform officer. "Mirroring what has happened in the consumer technology space, enterprise technology users look for services to be delivered on demand, to a time and place of their choosing, and in the way that they want. In 2014, enterprise success will be measured by how well organizations are able to use technology to meet user expectations and harness individual innovation."

Here are the key trends Verizon believes will drive change for enterprises and government in 2014:

1.  The Customer of One Comes of Age

The ability to tailor a customer's experience to best meet personalized, individual needs will increasingly be a brand differentiator. In 2014, enterprises will refocus on customer touch points, recognizing that integrated omnichannel connections ? across online, mobile, broadcast and in-store ? can make customers feel valued at every step of the purchase and experience lifecycle. These integrated systems will be the key to opening up new routes to markets by enabling businesses to engage directly with the individual on demand, and build trusted connections to simplify transactions. Insight provided by big data analytics will create new, individualized marketing opportunities that will transform and focus the customer engagement model.

2.  M2M 'as a Service' Simplifies Path to the Connected World

Ubiquitous 4G LTE wireless service and the availability of machine-to-machine (M2M) solutions "as a service" ? on demand, over the Internet and ready to use ? coupled with strong security will overcome the issues that have previously prevented many organizations from fully embracing M2M. By leveraging third-party expertise, organizations will be able to quickly transform the conversations of intelligent endpoints into unprecedented insights ? and unprecedented business opportunities. As M2M adoption accelerates, manufacturers, dealers and business partners will be able to realize the full potential of new revenue streams and increased operational efficiencies, while better meeting the needs of their customers.

3.  The Shortage of Security Expertise Forces Changes to Cybersecurity Management

Continued targeted attacks and high-profile security breaches impel corporate boards of directors to demand substantial increases in security investments in 2014 ? and rethinking of traditional approaches to cyber security management. As enterprises increasingly adopt mobility, big data, cloud and broadcast solutions, the complexity of effective cybersecurity programs far exceeds both the availability of human capital around the world and the capability of any one enterprise to execute alone.  Enterprises will develop and execute hybrid cybersecurity-management models that combine an agile staff of in-house security-minded business experts with trusted managed security services across a broad range of capabilities such as identity management, security analytics and cyberintelligence, and governance, risk and compliance.

4.  IT Decentralizes

Organizations embracing the new information technology world of cloud, mobility and M2M will see IT increasingly decentralized. IT will be core to every business function. As a result, IT will work more closely with individual business units and focus on developing tools for seamless process enablement that empowers employees and customers.  The C-suite (e.g., CFO, CMO, COO), lines of business and staff functions will increasingly take the lead role in engaging and deploying in the cloud, because of the immediate deployment speed, flexibility, control and cost value they see in cloud, as  well as advantages in big data analysis. IT will be integrated into financial performance planning, and the lines between the IT department and finance will continue to blur as technology becomes the valued enabler, rather than the end game.

5.  Providers Add Gravity to the Cloud

In a world where mobile is the norm, and rich media content is a given, the cloud will come into its own as the only location where growing data volumes can be stored, accessed and analyzed on demand. In 2014, adding software and services to the cloud will be a key focus for cloud providers seeking to attract customers ? adding gravity and encouraging user stickiness.  Integrated cloud offerings will increasingly enable mashups of fixed and mobile networks; systems, ideas and solutions; people and things; and intelligence and information. Providing systems and tools to transform these data into insights in the cloud and on demand will transform the customer experience.

Small concluded: "Verizon Enterprise Solutions brings together an unparalleled set of assets with the objective of driving open a connected world of opportunity for our clients. Whatever their industry or sector, in 2014 our clients will look to invest and innovate so they can more rapidly and securely deliver their products and services where, when, and how their users want them.  Our focus is on offering powerful answers to business challenges by harnessing the power of our advanced technology platforms to deliver industry-specific solutions that unlock productivity and value for our clients, their customers and society."

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with more than 101 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 178,300.  For more information, visit www.verizon.com.

VERIZON ENTERPRISE SOLUTIONS ONLINE NEWS CENTER: News releases, blog posts, media contacts and other information are available in Verizon Enterprise Solutions' online News Center at http://www.verizonenterprise.com/about/news. News from Verizon Enterprise Solutions is also available through an RSS feed at http://www.verizonenterprise.com/rss-options/.

 

SOURCE Verizon

For further information: Media contacts: Kevin King, Verizon, 908-559-3491, kevin.king@verizon.com; Clare Ward, +44 118-905-3501, clare.ward@uk.verizon.com, or Nilesh Pritam, +65 6248-6599, nilesh.pritam@sg.verizon.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

Digital Business Solutions
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections