Business growth

Network Maturity Seen as a Barrier to Business Growth in APAC, NTT Study Finds

Network maturity is seen as a barrier to business growth in APAC, according to research by NTT. Source: Shutterstock

  • In NTT’s report, 70% of CEOs worldwide say their network maturity level negatively affects their business delivery.
  • 72% of top performers already outsource more than half of their network infrastructure.
  • The top trends driving enterprise network modernization are cybersecurity, cloud-native platforms, private 5G, and the hybrid workplace.

There’s never a bad time to assess your company’s IT infrastructure and in a new Global Network Report by technology solutions provider NTT Ltd, Asia-Pacific (APAC) business leaders seem to blame their network for the company’s slow growth. Although companies are embrace hybrid and distributed work environments with many devices connected, only two in five companies say they are extremely satisfied with their current network capabilities.

NTT data specifically highlights that 70% of CEOs believe their network maturity level negatively affects their business delivery. This has resulted in a new era of network modernization, with the majority of leaders relying on it to enable business growth (>90%) and support artificial intelligence (AIOps) (91%). For context, NTT’s new report surveyed more than 1,300 enterprise network professionals globally, revealing a need for network modernization to enable business growth.

In a statement, Executive Vice President of NTT Ltd Network Services, Amit Dhingra, said the research results show that many organizations are turning to key partners and managed service solutions to meet their needs. “It’s primarily about building security and accessing skills that can both optimize capabilities and accelerate innovation-based advances,” he added.

Dhingra also believes that the industries are in the midst of a network modernization services, “however, many of the solutions that are currently in play for a minority will become the norm in just two years. Instead, he believes organizations should focus on a network as a service model. “Enterprises should consider security, skills, ability to scale, private 5G and software-defined networking when selecting a network service provider,” he said. declared.

In the long term, he thinks blockchain, AI and automation, augmented reality and virtual reality, quantum networks, 6G and photonic computing will affect how networks are delivered. Based on the survey, respondents also indicated that their top concerns, even beyond cost, are security, modernization, and access to a full suite of services from their provider. In terms of network management, more than 90% of senior executives prefer the network as a service model, citing the flexibility to scale up and down as a major benefit.

The report also provided seven considerations for frameworks to evolve and sustain their network. First, business leaders are advised to think about their organization first, then think about networks. “Break down silos and unite your business and IT teams behind your business goals to achieve the desired ROI,” NTT said. Second, executives are advised to invest in a technology partner that can distance them from legacy network assets.

In addition to considering the network-as-a-service model and embracing new tools like AIOps in pursuit of an agile network, NTT also suggests leaders work with a partner who can help them scale and manage their network and improve its performance. Finally, considering safety and understanding costs are also necessary steps.