Marketplace Trends Driving IT Solutions
Worldwide, organizations hold about 2.2 zettabytes of data and spend about $1.1 trillion to secure and provide access to it, according to a recent study by Symantec as mentioned online here. This study is based on the results of a survey of 4,056 information technology professionals at organizations in 38 countries for Symantec's "State of Information" survey. The survey found on average $38 million is being spent annually by larger enterprises, and $332,000 by small to midsize businesses (SMBs), to store and secure their business data. In all, 30% said they suffer from "information sprawl" as data is held outside the organization as well as inside it.
EMC Corporation announced results of the EMC-sponsored IDC Digital Universe Study, Extracting Value from Chaos which found the world's information is more than doubling every two years and surging to 7.9 zettabytes in 2015, which is growing faster than Moore's Law. This unprecedented growth of information is creating the need for a whole new set of solutions to address the challenges that IT organizations of all sizes are experiencing to effectively manage their information systems.
We at Wax Myrtle keep a pulse on the IT requirements of the customer and we have the expertise to identify the game changing technology and specific customer solutions that are best positioned for success in the marketplace. We evaluate and select these solutions based on the following criteria:
Public and Private Cloud Market Trends
A wide range of cloud based architectures and solutions represent the next frontier for delivering IT Services and below are predictions on the cloud marketplace from industry leading research and consulting firms:
Wax Myrtle provides access to innovative cloud solutions (private cloud, hybrid cloud and public cloud) with compelling value to deliver IT services cost effectively and leverage new cloud technology solutions for high performance and ease of management with significant savings of CapEx and OpEx over traditional systems.
Targeted Solutions to Meet IT Requirements
The key areas of Wax Myrtle focus to meet the customer IT requirements for cost effective solutions span the following 4 segments:
IDC calculated worldwide expenses in 2010 for on-premise storage to have reached $30.8 billion. With a 3.9% CAGR, the firm's analysts expect expenses in that category to reach $37.3 billion by 2015.
Wax Myrtle provides access to innovative unified and scalable network storage solutions that integrate all aspects of information assets (NAS files, SAN block data and object based storage) with automated tiering of SSDs for performance and HDDs for capacity.
Gartner states that by 2016, one-third of organizations will change backup vendors due to frustration over cost, complexity and/or capability. Additionally, according to a recent Symantec customer survey, in the last year, 69 percent of businesses experienced some form of information loss for a variety of reasons, such as human error, hardware failure, security breach, or lost and stolen devices. Another major challenge identified by 0ver 30 percent in this survey is information sprawl as the overwhelming growth of information that is unorganized, difficult to access and often duplicated elsewhere. Data loss can have a major impact on the business, including lost customers, which was cited by 49 percent of survey respondents. Other data loss impact included damage to reputation and brand (47 percent), decreased revenue (41 percent), increased expenses (39 percent) and a tumbling stock price (20 percent).
Wax Myrtle provides access to innovative data protection solutions that address physical and virtualized data centers along with on-premise and cloud deployments.
According to Gartner Group, as of mid-2011, at least 40% of x86 architecture workloads have been virtualized on servers; furthermore, the installed base is expected to grow five-fold from 2010 through 2015 (as both the number of workloads in the marketplace grow and as penetration grows to more than 75%). Additionally, the global desktop virtualization market will reach 65.7 billion unit sales, equivalent to about 40% of the worldwide business desktop market, in 2013.
Wax Myrtle provides access to innovative virtualization solutions that will accelerate adoption of virtualization by addressing all parts of the IT ecosystem (servers, storage, networks and desktops). A wide range of hardware and software appliances have emerged to accelerate performance cost effectively for key applications and databases while protecting existing IT investments.