Cisco has unveiled a global study highlighting a significant shift in enterprise network architecture driven by AI, IoT, and cloud technologies. The study reveals that 97% of companies in Singapore consider a modernised network essential for deploying these technologies, with 92% planning to increase their IT budget for networking.
The research underscores the growing demand for resilient networks as AI intensifies network traffic complexity. Notably, 70% of businesses have experienced major outages, costing up to $160 billion globally per severe disruption annually. These outages are primarily caused by congestion, cyberattacks, and software misconfigurations.
The study also indicates that modern networks are pivotal in unlocking business value. A substantial 91% of respondents believe improved infrastructure will drive revenue, whilst 95% anticipate significant cost savings from smarter, more secure networks. Furthermore, 99% of IT leaders view autonomous, AI-powered networks as vital for future growth, although only 46% have implemented such capabilities.
Tay Bee Kheng, President of Cisco ASEAN, stated, “As businesses in Singapore and around the world harness the power of AI, the network is the critical backbone that makes it all possible. To meet the needs of tomorrow’s businesses and protect against evolving threats, today’s networks must be faster, smarter, and more resilient.”
The findings suggest that IT leaders are already realising financial benefits from current networks by enhancing customer experiences, boosting efficiency, and fostering innovation. However, the potential for growth and savings remains at risk without infrastructure designed for AI and real-time scale. As enterprise networks undergo this architectural shift, the C-suite is increasingly relying on IT leaders to spearhead these changes.
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