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Fujitsu Survey Finds CFOs Prefer Long-Term Storage Investments

Fujitsu UK & Ireland

News facts:

  • Fast-paced digital transformation means escalating data storage and management costs are a top concern for 76 percent of senior finance decision makers
  • Survey finds that finance managers are more likely to approve storage solutions that are future-proofed to cope with rapid and unpredictable growth
  • The ability to add capacity without replacing entire storage systems is an important consideration for 67 percent of finance manager
London, September 14, 2017

Data storage requirements for small and mid-size businesses are predicted to double over the next four years, according to a new Fujitsu study1 among senior finance professionals in small and medium sized businesses (SMEs). In turn, this high growth is causing widespread concern (76 percent) that high or unpredictable data growth will lead to escalating data storage and management costs.

According to a survey conducted among 182 Chief Financial Officers across Europe, the Middle East, Africa and South Asia, three in five see technology as an important enabler of operational efficiency during digital transformation (59 percent). More than a quarter of CFOs surveyed view technology as a key source of competitive advantage (28 percent).

However, with a keen eye on risk, issues of data availability, data protection and data security are front of mind for finance decision makers, who also expressed anxiety about the implications of an unexpected growth in data volumes. Top issues include the need to fund additional storage capacity and concerns about spiraling data management costs due to rapidly increasing data volumes.

Senior finance professionals are also acutely aware of the challenges that traditional disk and tape-based storage solutions and expressed frustration at factors such as systems hitting an expandability wall, leading to investment requests coming out of the blue; the waste of equipment which prematurely reaches end-of-life, and a high reliance on skilled IT staff and the challenges associated with maintaining these skills.

Looking forward, finance professionals outlined the key characteristics they expect to see in relation to new storage technology – highlighting three factors as most important: Automation to reduce reliance on manual skills to minimise both cost and risk; the ability to add capacity as demands increase, without replacing entire systems, and overall system flexibility to better deal with high and unpredictable data growth.

Olivier Delachapelle, Head of Category Management Data Center at Fujitsu in EMEIA, comments: “The findings from our survey of CFOs confirm that security and data protection are key objectives for any storage modernisation initiative. With nine in 10 senior finance professionals putting general future-proofing high on the agenda, the days are clearly numbered for the traditional scale up approach to storage. In the digital business landscape of today, more than ever, small and mid-size businesses need storage solutions that aren’t going to hold them back, no matter how fast growing or unpredictable their demands for data storage and backup.”

Notes to editors

1 The survey, A Finance Perspective on Storage Investments, sponsored by Fujitsu, was conducted in June 2017 among 182 senior finance professionals across Europe, the Middle East, Africa and South Asia. The participants worked in Small and Medium Sized Enterprises, drawn from a variety of industry sectors, including Manufacturing, Retail, Travel/Transport, Financial Services, Telecoms, Healthcare/Life Sciences and Automotive.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions and services. Approximately 155,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$40 billion) for the fiscal year ended March 31, 2017. For more information, please see http://www.fujitsu.com.

About Fujitsu in the UK & Ireland

Fujitsu employs over 14,000 people in the UK & Ireland, with total revenues exceeding £1.8 billion. Offering an integrated product and service portfolio, we deliver consulting, applications, technology products, systems integration and managed services, including cloud-based solutions, for customers across both public and private sectors, including retail, financial services, telecoms, government, defence and consumer IT. For more information, please see http://uk.fujitsu.com.

Paula Munteanu

Phone: Phone: + 44 (0) 20 7861 2800
E-mail: E-mail: teamfujitsu@harvard.co.uk
Company:Harvard PR

Graham Goulden

Phone: Phone: + 44 (0) 843 354 9568
E-mail: E-mail: graham.goulden@uk.fujitsu.com
Company:Fujitsu UK & Ireland

Date: 14 September, 2017
City: London