The Make or Break Role of SDN: according to recent research by McKinsey & Co., “The majority of [market or industry] incumbents do not respond” adequately to digital threats “and ultimately fail.” Here in Part Two, we summarize McKinsey’s tips for attaining digital success – and explain the make-or-break role Software Defined Networks (SDN) play in transforming your entire business model with digital technology.
Digital strategy is the most important game – a survival game, really – of every business’s life right now. And it’s playing out at breakneck speed in every single industry. Yet, shockingly, most companies are losing that game. According to a recent McKinsey study, only eight per cent of companies believe their existing business model will still be economically viable if their industry keeps digitizing at its current rate. That means 92 per cent fear their business isn’t going digital fast enough – and could fail as a result.
Who has not heard the phrase “Knowledge is Power” in today’s hyper connected economy? Knowledge is also “powerless” unless delivered in the correct format to the right person, at the right time. Marketplaces demand seamless knowledge integration that goes well beyond the enterprise & its employees to include partners, suppliers & contingent workers. Making sure that knowledge is delivered at point of need; everywhere in the enterprises ecosystem, is why networks matter more than ever to the competitiveness of business.