That was the question that an attendee at a recent conference sponsored by the Communications Technology Management, part of University of California’s Marshall School of Business, asked me last week. With all of the industry discussion on the topic over the last year or two on the topic, I think it is always worthwhile to pause, assess, and reflect, as sometimes some of the simplest questions can be some of the hardest.
“Yes,” I told him, “but maybe not how you think.”
No question I’m proud of the advances Cisco has made in this area, from our announcement of the Evolved Services Platform in February to now having over 40 virtualized functions in our portfolio. As far as we can tell, it is the largest, most expansive virtualized portfolio in the industry with so much of it not on a drawing board but already in use in customer network.
Small and medium-sized businesses (SMBs) are leading the way to cloud services. In fact, SMBs represent two-thirds of the public cloud market, outpacing the growth of enterprise cloud adoption by about 10 points, according to a recent McKinsey report (“Outlook—Overcast and Bright: How the Cloud Is Transforming IT for SMEs,” McKinsey & Company, July 2011). Yet, many service providers (SPs) are wondering whether the rate of SMB cloud adoption makes it worthwhile to invest in cloud and managed services for SMBs. They are asking:
Is now the time to invest in SMB-focused services?
We’ve said it before, small business is big business. Every year since 1963, the President of the United States has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America. They make invaluable contributions to the country’s economy in many ways, including creating 60-80 percent of new jobs. This week celebrates National Small Business Week and Cisco celebrates Small Business too. Small businesses are a driving force of innovation, and technology plays a big part in enabling those efforts. All week, on our Small Business blog we’ll be shining the spotlight on small businesses that have put technology to work for them to help them succeed. Take a look at these stories and videos!