Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > To overcome business disruption in 2022, be like water
    Business

    To overcome business disruption in 2022, be like water

    To overcome business disruption in 2022, be like water

    Published by maria gbaf

    Posted on December 15, 2021

    Featured image for article about Business

    By Neville Vincent, Vice President South Asia Pacific, Nutanix

    As businesses prepare to reopen their offices, few anticipate a full return to the old way of doing things. From hybrid work, to the “Great Resignation”, down to the way organisations strategise and plan for the future, the currents of change are flowing faster than ever before.

    The corporate planning process has always been difficult, but the past 20 months have highlighted our limitations. While businesses have never been able to predict the future, it now appears more uncertain than ever.

    As a result, building organisational resilience has become a top consideration. In part, this means accepting that three to five-year planning cycles have, for many, lost their relevance.

    In this context, no advice seems more fitting than the great martial artist Bruce Lee’s call to “be water”. A fluid approach enables a business to move with change and navigate obstacles. Instead of drawing up fixed roadmaps, business leaders need to assume from the outset that their plans are likely to be disrupted and build flexibility into the process. The ability to withstand disruption is largely a case of having constructive options, and in this new digital-first world, these options are largely predicated on the ability of technology to support ever-shifting business needs.

    Just as being fixed on a single course can make an organisation fragile, so does being locked into a single technology solution. Much has been made of the “journey to the cloud” but throwing all your eggs into a single public cloud provider’s basket brings with it countless risks – chief among them a lack of flexibility when needs change. This is commonly referred to as “cloud lock-in”.

    Cloud lock-in is a growing concern as companies look to operate in public clouds. This occurs when a business has over-committed to a single cloud vendor then finds that when their needs change, the cost and complexity of shifting data and workloads is far greater than anticipated. This is leading to the adoption of hybrid multicloud strategies that enable a business to make use of the best that each cloud has to offer while also providing a degree of freedom and choice for their applications and data.

    In other words, businesses are adopting cloud on their terms.

    Hybrid multicloud and edge environments that incorporate public and private cloud with on-premises services from different providers are growing fast. Our latest study found that 86 percent of IT decision makers see hybrid multicloud as their ideal operating model, with the hybrid market set to swell to nearly US$98 billion by 2023.

    There’s good reason for this. In times of uncertainty, an IT infrastructure that enables organisations to scale up or down, and choose a specific platform according to the environment they find themselves in, can mean the difference between sinking or swimming.

    In recent months we have seen a number of large companies pursue these more thoughtful, nuanced cloud strategies. One great example is Suncorp New Zealand.

    Suncorp had been embarking on a digital transformation program before the pandemic struck, investing in a hybrid cloud architecture built with Nutanix hyper-converged infrastructure. With this model in place, it was able to seamlessly shift its employees to fully remote work with just two days’ notice before the country went into lockdown.

    WaterNSW is another organisation that has reaped the benefits of hybrid cloud, automating data collection from its network of more than 4,600 measurement gauges and sensing devices installed in waterways across the state. As a result, it has developed a WaterInsights Portal to share real-time insights on water quality, levels, and flow rates with the community.

    In these and numerous other examples, the common factor has been the removal of bottlenecks to allow business to flow – whether that is data from a network of IoT devices dispersed across Australian rivers and waterways, or enabling staff to work from wherever, whenever, and however they want.

    In solving immediate challenges through a more flexible, cost-effective approach, these organisations have also put themselves in a better position to tackle the future. In the natural world, fluidity and flexibility are both sources of strength and enablers of survival. The worlds of business and IT are no different – so when disruption strikes, set yourself up to be water.

    By Neville Vincent, Vice President South Asia Pacific, Nutanix

    As businesses prepare to reopen their offices, few anticipate a full return to the old way of doing things. From hybrid work, to the “Great Resignation”, down to the way organisations strategise and plan for the future, the currents of change are flowing faster than ever before.

    The corporate planning process has always been difficult, but the past 20 months have highlighted our limitations. While businesses have never been able to predict the future, it now appears more uncertain than ever.

    As a result, building organisational resilience has become a top consideration. In part, this means accepting that three to five-year planning cycles have, for many, lost their relevance.

    In this context, no advice seems more fitting than the great martial artist Bruce Lee’s call to “be water”. A fluid approach enables a business to move with change and navigate obstacles. Instead of drawing up fixed roadmaps, business leaders need to assume from the outset that their plans are likely to be disrupted and build flexibility into the process. The ability to withstand disruption is largely a case of having constructive options, and in this new digital-first world, these options are largely predicated on the ability of technology to support ever-shifting business needs.

    Just as being fixed on a single course can make an organisation fragile, so does being locked into a single technology solution. Much has been made of the “journey to the cloud” but throwing all your eggs into a single public cloud provider’s basket brings with it countless risks – chief among them a lack of flexibility when needs change. This is commonly referred to as “cloud lock-in”.

    Cloud lock-in is a growing concern as companies look to operate in public clouds. This occurs when a business has over-committed to a single cloud vendor then finds that when their needs change, the cost and complexity of shifting data and workloads is far greater than anticipated. This is leading to the adoption of hybrid multicloud strategies that enable a business to make use of the best that each cloud has to offer while also providing a degree of freedom and choice for their applications and data.

    In other words, businesses are adopting cloud on their terms.

    Hybrid multicloud and edge environments that incorporate public and private cloud with on-premises services from different providers are growing fast. Our latest study found that 86 percent of IT decision makers see hybrid multicloud as their ideal operating model, with the hybrid market set to swell to nearly US$98 billion by 2023.

    There’s good reason for this. In times of uncertainty, an IT infrastructure that enables organisations to scale up or down, and choose a specific platform according to the environment they find themselves in, can mean the difference between sinking or swimming.

    In recent months we have seen a number of large companies pursue these more thoughtful, nuanced cloud strategies. One great example is Suncorp New Zealand.

    Suncorp had been embarking on a digital transformation program before the pandemic struck, investing in a hybrid cloud architecture built with Nutanix hyper-converged infrastructure. With this model in place, it was able to seamlessly shift its employees to fully remote work with just two days’ notice before the country went into lockdown.

    WaterNSW is another organisation that has reaped the benefits of hybrid cloud, automating data collection from its network of more than 4,600 measurement gauges and sensing devices installed in waterways across the state. As a result, it has developed a WaterInsights Portal to share real-time insights on water quality, levels, and flow rates with the community.

    In these and numerous other examples, the common factor has been the removal of bottlenecks to allow business to flow – whether that is data from a network of IoT devices dispersed across Australian rivers and waterways, or enabling staff to work from wherever, whenever, and however they want.

    In solving immediate challenges through a more flexible, cost-effective approach, these organisations have also put themselves in a better position to tackle the future. In the natural world, fluidity and flexibility are both sources of strength and enablers of survival. The worlds of business and IT are no different – so when disruption strikes, set yourself up to be water.

    Related Posts
    Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    Why Email Deliverability is a Business Risk Your Company Can’t Afford to Ignore
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Business PostFive Predictions for Supply Chain Management in 2022
    Next Business PostJPMorgan on hiring spree as it targets pan-European consumer bank

    More from Business

    Explore more articles in the Business category

    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    View All Business Posts