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SteelCentral
Managing Your Digital Experience
Two-thirds of Enterprises are
Investing in Digital Business
Today is the era of digital business. Digital capabilities Ineffective DEM can be very costly:
and IT were the top two CEO investments in 2016 and
• 78% of all organizations are experiencing some
the percentage of enterprises creating advanced digital
inconsistency with their digital experience quality
transformation initiatives will more than double by 2020.
• 60% of business leaders indicate poor digital
Digital business is driving a convergence of people, experience quality leads to a noticeable drop in
business, and things that is unprecedented. It’s productivity of at least 31%
disrupting traditional business models—and the
• An e-commerce site slowing down by just one
traditional technologies that support them. This
second can cost up to $1.6 billion in annual sales
convergence, from the human point of view, is called
digital experience. • A typical broker loses $4M in revenues per millisecond
when their trading platform is 5 milliseconds behind
Managing digital experience is critical to business their competitor
success going forward. By 2020, at least 30 billion
end-user devices will be connected to the Internet. Digital business: people, businesses, and things
CEOs expect their digital revenue to increase by more (machines) digitally communicating, transacting,
than 80% by 2020 while 89% of businesses expect to and negotiating with each other.
compete mainly on customer experience. Lack of
breadth for application support. Digital Experience: the human experience of a user
interacting with digital enterprise applications,
And yet—most companies lack the tools, techniques, and services.
and training for effective digital experience monitoring
(DEM). Gartner research shows that only 5% of global Digital Experience Monitoring (DEM): the performance
enterprises have strategically implemented DEM monitoring discipline focused on optimizing the human
technologies. More than a third (34%) of CIOs identify a experience as the user interacts with digital applications,
gap in IT skills as the primary barrier to achieving their and services.
objectives, especially skills needed for new real-time
data scenarios and advanced analytics.
To solve the challenges of delivering great digital experiences over complex infrastructure components, you need
universal visibility. There are two steps to achieve this:
SteelCentral is an integrated and modular solution—it can be used to provide a holistic digital experience management
while any component (figure 3) can be used independently, to solve domain specific problems. This allows investment
protection as solutions can be extended at any time to provide additional breadth, depth, and capacity.
References
1. Gartner’s 2016 CIO survey
2. Ibid
3. IDC prediction – http://www.forbes.com/sites/gilpress/2015/12/06/6-predictions-about-the-future-of-digital-transformation/#3464594225b4
4. Gartner prediction – http://www.forbes.com/sites/gartnergroup/2014/05/07/digital-business-is-everyones-business/#41f84a392d66
5. https://www.forrester.com/report/The+State+Of+Digital+Business+2015+To+2020/-/E-RES119838
http://blogs.gartner.com/jake-sorofman/gartner-surveys-confirm-customer-experience-new-battlefield/
6. Gartner research on DEM 2015
7. Actual Experience, “Digital Experience Quality Report 2016,” March 2016
8. Ibid
9. https://www.fastcompany.com/1825005/how-one-second-could-cost-amazon-16-billion-sales
10. http://www.forbes.com/sites/advisor/2014/04/16/the-brokerage-world-is-changing-who-will-survive/#4207c2526eb9
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