Chief Marketing and Product Officer, responsible for all aspects of global marketing, product management and alliances for StorMagic.
With the threat of an impending recession and a persistent global server chip and component shortage, executives everywhere are contemplating how they can effectively innovate and solve continued business problems revolving around the edge.
In the delicate state of the global economy, one thing is certain: Inflation is high. Component shortages exist in every aspect of the supply chain, presenting challenges for companies all over the world. Furthermore, interest rates are rising quickly, and unemployment rates are considerably low.
What does this mean for technology leaders? In order to deliver new capabilities and applications to your business, it would be wise to inspect and take inventory of what’s working for you and research new technologies that can breathe new life into existing systems to weather the storm—while still delivering to help your company grow.
The transition to properly sized edge solutions is important, generally the smallest amount of hardware possible. Minimizing the footprint, cost and management at the edge can help address these problems in the event that the global economy worsens. Companies have already been struggling in the wake of the pandemic to recoup their lost revenue and may not have the resources to invest in new systems to improve data storage and how applications are deployed and managed at the edge. Are we headed toward a recession?
Here are a few simple steps that companies with multiple edge computing sites can utilize in the face of a possible economic downturn.
1. Leverage existing hardware. Evaluate what you already have on-site. “Brownfield,” or existing, deployments can and should be leveraged to prepare for a potential recession and maintain operations in a shortage-ridden world. Consider if the IT equipment already housed on your floor can be repurposed, upgraded or updated to remain viable for edge computing and remote site data.
2. Virtualize everything. Software is an excellent option for edge companies as it’s inherently less expensive than hardware, especially when multiplied by several locations. Companies should research software-defined storage and hyperconverged options to further stretch their dollar. Have you virtualized everything possible?
3. Move to the cloud. Companies can shift to a subscription-based model for their IT equipment to fully outsource the management and eliminate the hassle and budget associated with IT staff at dozens, hundreds or thousands of sites. Can you transition your on-premises software to the cloud? Consider integrating virtual desktop infrastructure (VDI) methods to achieve this.
4. Modernize your edge sites. Research options that can quickly and affordably help your IT staff manage data processing at numerous locations.
5. Innovate to reduce opex. When you invest in capex and reduce opex, edge customers can free up budgets for IT innovation. Explore solutions that will help keep your small edge sites up and running. Investigate storage solutions that do not require additional on-site resources, eliminating recurring costs to protect budgets.
Companies are at a crux with the current economic conditions. Organizations with many remote or edge locations are being forced to find new ways to innovate, outsmart supply chain delays and protect budgets, to prepare for changing and uncertain conditions.
By repurposing and modernizing existing hardware, virtualizing the IT environment at remote locations, leveraging the cloud and reducing opex, edge computing sites can help organizations weather the economic storm.