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Cisco’s Annual Internet Report – What Executives Need to Know
Cisco’s Annual Internet Report paints a clear picture of how Internet usage will skyrocket across the globe in the coming years. Executives need to be ready.
Cisco, one of the leading technology companies in the industry, releases its Annual Internet Report each year to give a general overview of how technology related to the Internet is projected to change – and the ways that the changes in the Internet will affect businesses. Executives in the majority of industries can benefit from reading the report and seeing how the information it presents may affect their businesses. But in case you don’t have time to read the report right now, here are some of the key takeaways that may be relevant to your company and your competitiveness in the coming years.
Cisco’s Annual Internet Report – Key Takeaways
Although the report delves deep into the projected changes in Internet technology and its use across the globe, there are a few main points that are worth considering immediately. These include:
- Approximately 5.3 billion people will be using the internet by the year 2023.
- Around 70 percent of the world’s population will have some form of mobile connectivity.
- Each individual will have approximately 3.6 devices and connections to the Internet.
- Global fixed broadband speeds are projected to be 110 Mbps.
1. Network automation is going to be a necessity.
There is going to be an increased demand for enhanced apps. Businesses need to be capable of automated network monitoring and automated optimization – which is best achieved using software-defined wide area networking (SD-WAN). When you utilize software to handle your networks you gain more flexibility. Increased flexibility is a necessity when you are experiencing constant changes in the traffic you see. Cisco says that more and more enterprises are going to shift to hybrid clouds, which will eventually necessitate the use of SD-WAN.
It is important not to get so caught up in improving technologies that you forget why you are in business, though. All enterprises are encouraged to implement automation based on company policy and business goals. Intent-Based Networking (IBN) is a significant part of the process of aligning your technology with your company objectives. By using analytics and machine learning to identify and implement the intent of your company, you can improve your outcomes and ensure that your IT objectives are aligned with your business goals.
2. Networks need to be capable of handling significant increases in demand from IoT devices.
Cisco predicts that approximately half of the devices on networks will be capable of using IoT applications. While the rate of business usage is going to increase more rapidly, the overall percentage of devices and connections will be used by consumers.
SD-WAN will help improve networking, storage and computing resources by bringing them closer to the ones using devices. Edge computing is the future and it will help implement controls over the data that will pour in from IoT endpoints in the billions.
3. Security will need to be balanced.
Security is a huge priority for businesses, and obvious reasons. A lack of security puts your company and your customers at risk. But security needs to be balanced appropriately. Otherwise, it risks making your applications and networks unusable. Network intelligence needs to be improved so that it can recognize who should be allowed in and who shouldn’t – and not make it so difficult to gain access that users look for another solution. Authentication is essential, but it doesn’t need to be so burdensome that it drives customers away or unnecessarily inhibits employees as they attempt to do their jobs.
4. Operational costs need to be lowered.
Manual work on networks is costly. It takes a lot of time and requires skilled employees to get the job done. Automation is necessary to drive down the cost of operations. SD-WAN, unified domain controls and other solutions must be implemented as needed to increase the automation of networks. Otherwise, you risk losing money as you race to keep up with the increased demands on your system.