7 in 10 CEOs believe that their network is slowing business growth

7 in 10 CEOs believe that their network is slowing business growth
  • Home
  • Articles
  • 7 in 10 CEOs believe that their network is slowing business growth

In a new study by telecommunications, technology, and business solutions provider NTT, 70% of CEOs admitted to the belief that their network is affecting their businesses. 

The NTT 2022 Global Network Report — conducted with over 1,300 enterprise networking professionals across 21 countries — highlighted the gaps and challenges in modernizing networks within a company.

Among these are the rising technical debt and lack of expertise within the company. Security and compliance in network architectures are also raising concerns among industry leaders. Budget constraints and vendor capacity are also becoming an issue in digitalization.

The solution? NTT Executive VP Amit Dhingra said that many organizations “are leaning towards key partners and managed service solutions to fulfill their requirements.”

NTT’s latest survey says that more than 90% of senior executives prefer the network-as-a-service model due to its potential to scale up and down. 

Future-proof your network

Future-proofing a company’s network is becoming more crucial now that people are moving to a digitalized system. 

To make this easier, NTT said that organizations should first align their business goals and break down silos, making sure they plan clearly how to achieve a return on investments.

Companies should also think about availability, scalability, and performance, as well as investing in a tech partner that can help migrate legacy network assets that are creating technical debts.

“To move your organization forward, look to the network-as-a-service model to consume and pay just for what you need while allowing you to access the latest trends in technology,” NTT said.

The network and the operational technology must also work together in an end-to-end approach. Here, NTT revealed, outsourcing and partnering with third-party providers can drive evolution.

Finally, leaders must keep inmind the increasing demands for compliance and security while shopping for services aware of hidden costs.

Despite the many challenges in network modernization, NTT pointed out that failing to invest in them can be devastating. After all, the global cloud, edge, 5G, metaverse, and the new hybrid world of work can only be supported by advanced tech networks.

Read more here.

Start your
journey today

  • Independent
  • Secure
  • Transparent

Access fantastic talent at world-leading prices

Scale your business fast while reducing costs —
the average all-in employment costs in the
Philippines are typically 70% less than its
Western counterparts

Philippines United Kingdom Australia United States
Software Developer
HR Manager
Team Leader
Copy Writer
Customer Service
Virtual Assistance
Select a role to view salaries
Philippines $7,221
United Kingdom $39,913
Australia $62,653
United States $81,994

Avoid guesswork. Talk to the experts, free.

Get 3 free quotes

You can save 70% on staff costs, whilst driving quality & growth. Connect with an outsourcing expert to see how outsourcing can transform your business.

Why choose us?
  • Independent and unrivalled expertise
  • We carefully match you from 2,300+ leading suppliers
  • Access to Outsourcing Savings Calculator & Report

Get Started

How many staff to outsource?

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 450+ podcast episodes, and a comprehensive directory with 3,900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.