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The Bank of NT Butterfield & Son Limited (NTB) Q2 2021 Earnings Call Transcript
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The Bank of NT Butterfield & Son Limited (NTB) Q2 2021 Earnings Call Transcript
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Automation and agility grow an ecosystem of digital resilience
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Events of the past year have created a situation where enterprises either become digital businesses or go out of business.
This function, brought on by a global pandemic that brought much of the world online for work and service delivery, has placed more pressure on companies to manage data and the complexity of hybrid and multicloud solutions.
For data governance and automated solutions providers such as Io-Tahoe LLC, the need for business resilience and a clear understanding of the value of data for its enterprise customers has never been greater. Reality set in for many firms in 2020, and being able to centralize, consolidate and identify critical data operations has become essential in 2021.
Business continuity planning is not keeping pace with enterprise migration to hybrid or multicloud.
That’s according to a survey compiled last year by 451 Research, contacting 1,200 global IT decision makers. While the journey to hybrid and multicloud was clearly in process, organizations were grappling with a number of operational challenges. These included a notable immaturity in resiliency strategies, with 65% of respondents lacking a management plan for hybrid deployment.
“Customers continue to struggle with data operations and getting time to insight and time to value,” said Dave Vellante, co-founder and chief research officer at Wikibon and host of theCUBE, SiliconANGLE Media’s livestreaming video studio. “A critical problem is complexity. Cloud is helpful, but when you try to scale rapidly, other blockers beyond the infrastructure come into play.”