As the IT market evolves, so do IT system needs, especially in the rapidly changing private equity and investment environment. With the recent recession and mortgage industry fallout, the equity and investment space has seen a massive transformation ' adopting new technology can only help facilitate this transformation.
What are some of the current IT needs and trends for corporations in the investment space? Let's take a look.
Leveraging Upgrades
Windows 8 will be released on October 26th. As a CIO, you'll want to take this opportunity to evaluate and consider this new operating system platform. The most significant change in Windows 8 is Microsoft's strategic shift to become hardware agnostic. This has several implications. Firstly you'll have the ability to implement a common operating system across all your devices: desktops, laptops, personal data assistants and tablets. Additionally, the ability for users to have a common interface combined with Microsoft's new cloud options has the potential to become a game changer. Of course, there will be challenges related to migration which can be best managed with a solid strategy. Our recommendation: review Windows 8 thoroughly as it has the ability to invigorate your technology ecosystem.
Cloud Service
This is a vital service that can be deployed to meet several business requirements. Storing your data on a cloud service provides many advantages, but it does not mean you are not susceptible to data loss. If you think cloud services are for you, be sure to understand how your data is protected in the event of a system outage. Confirm that your cloud service provider has provisions in your contract that govern requirements related to protection of data and security. Understand fully the proposed backup and restore options to ensure they will meet your business requirements.
Bring Your Own Device (BYOD)
If you are a corporation with employees numbering in hundreds or thousands, BYOD is a tool you'll want to consider. When your employees bring their own mobile device, whether it's an iPad, iPhone, Android or Microsoft device, your IT hardware costs are lowered and your employees have a tool that meets both their business and personal needs. Our recommendation is to work strategically to build a model that allows your organization to embrace BYOD without sacrificing security while still giving your employees the ability to choose their own mobile device.
Remote Offices
When it comes to sharing content, private equity firms cannot ignore the advancement of social business software. For the past several years it has been primarily limited to consumers but a shift to enterprises and corporations is underway. There are many cloud based platforms that allow you to build a collaborative environment and decrease IT costs and offer access from any device, anytime and anywhere. This framework allows employees to collaborate, share documents, discuss ideas, build project plans, and conduct ad-hoc video conferencing sessions. Building a technology ecosystem based upon a 'no-boundaries' principle allows your organization to rapidly access content (more quickly than your competition) and scale rapidly and efficiently.
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