Cloud Capital: Massive Adoption of Cloud by Companies will Leave a Lasting Strategic Footprint
Companies are pushing towards a "true" hybrid multicloud experience with a consistent service consumption model across public clouds and on premises, and speed with flexibility between on-premises and cloud environments is a must.
In this episode of "Cloud Capital", Dynatrace makes a move to go public, Coupa Software dandles up with AWS, TIM S/A Transforms its Invoicing with the help of OpenText, and NetApp gives its customers Cloud on "their terms".
In our lead story, Waltham, Massachusetts-
Dynatrace provides software intelligence to simplify enterprise cloud complexity and accelerate digital transformation.
The company plans to list its shares on the New York Stock Exchange under the symbol DT, and says it could raise $300 million from the offering.
In its most recent fiscal year, Dynatrace logged revenue of nearly $431M and a net loss of $116.2M.
Dynatrace has its work cut out. The company competes in crowded spaces that include Cisco AppDynamics, Broadcom, New Relic, Datadog, Nagios, Digital Experience, Akamai, Catchpoint, AWS, Microsoft and Google.
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In other news, Coupa Software (ticker COUP) has expanded its relationship with Amazon Web Services to empower CIOs with more control over their IT spend. IT teams can now search, purchase, deploy, pay, and manage thousands of software products in AWS Marketplace using Coupa, giving them instant budget visibility and control in one place to spend smarter and simpler.
Global IT spend is down 3.2 percent, according to Gartner Research. As CIOs are tasked to do more with less and be strategic advisors to their businesses, Coupa is expanding its relationship with AWS to empower CIOs with better control over their organization's software spend throughout the entire buying process – from search to post-purchase – without compromising speed.
"As more companies move their infrastructure and applications to the cloud, their IT leaders need to empower builders while optimizing IT spend with subscription models that can reduce costs," said Dave McCann, VP at AWS.
In another blurb, TIM S/A, a leading provider of telecommunications services in Brazil, has deployed Customer Experience Management solutions from OpenText (ticker OTEX) to digitally transform its invoicing processes.
With the new integrated e-invoicing system, the company's 18 million post-paid customers can now access telecom bills from preferred digital channels and devices on demand. This has increased adoption of digital invoicing by more than 50 percent year-over-year.
TIM S/A is now processing nearly three million invoices every 48 hours, with PDF versions of invoices delivered to customers in less than three seconds. By sending reminder notifications to customers via their desired channels, TIM S/A is also improving invoice payment rates and reducing outstanding payments overall.
"With our new e-invoicing solution from OpenText, we are achieving 52 percent year-over-year growth in digital invoicing," said Washington Almeida, CIO, TIM S/A. "We expect to double the number of electronic invoices we deliver every year. Customers are embracing the solution because they want to manage their accounts in more personalized ways that fit into their digital lifestyles."
Meanwhile, the gap between businesses that embrace data and those that do not has dramatically widened over the past 3 years. To serve that need, NetApp (ticker NTAP) has announced new solutions and services that allow customers to adopt and consume cloud "on their terms".
The company's "truly seamless" hybrid multicloud experience includes availability of NetApp Cloud Data Services on NetApp HCI, which gives users the ability to expand with persistent storage across the biggest public clouds, as wells as the ability to manage, use, and pay for cloud services the way they want to.
The public cloud has created a new standard for IT that all industry leaders must match to provide the experience that users enjoy in the cloud and now demand on premises.
To be successful, organizations must fuel data-driven innovation by leveraging the cloud and modernizing their IT, bringing the power of the cloud to every part of their business through a seamless hybrid multicloud experience.
"The way organizations invest in and consume IT resources continues to evolve—hybrid multicloud is clearly now the de facto IT architecture,"
"Cloud Capital" is produced by The Tech Video Project, and sponsored by RestonLogic, cloud wizards leveraging over 10 years experience helping companies automate, transform and build highly-secure and stable systems. Click over to restonlogic dot com to book your strategy session today.
Disclaimer: The blurbs highlighted on "Cloud Capital" are available for information purposes only, and don't necessarily reflect the opinions of our editors.