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How “Big Iron” Does “Big Regulation”

Transformation Infrastructure

By pwsadmin | September 26, 2020

Hybrid IT enables a composable infrastructure which describes a framework whose physical compute, storage, and network fabric resources are treated as services. Resources are logically pooled so that administrators need to physically configure hardware to support a specific software application, which describes the function of a composable architecture. This type of transformative infrastructure is foundational…

Essential Characteristics of Cloud Computing as Digital Transformation

By pwsadmin | September 25, 2020

A survey of 2,000 executives conducted by Cognizant in 2016 identified the top five ways digital transformations generate value:      Accelerating speed to market      Strengthening competitive positioning      Boosting revenue growth      Raising employee productivity      Expanding the ability to acquire, engage, and retain customers   Digital transformation is also a cultural change. Cloud Computing as Digital Transformation Since cloud…

Embrace Transformation

By pwsadmin | September 22, 2020

From a business perspective, differentiating business processes and quality customer service are central to overall success. Business leaders must therefore clearly identify and measure how information technology contributes to the value of every key business process. They must also know how to most cost effectively use IT when the task is merely the management of…

Computer Vision Advances Zero-Defect Manufacturing

By pwsadmin | July 25, 2020

by Kevin L. Jackson Electronics manufacturers operate in a challenging environment. It’s hard enough to keep up with the ever-accelerating rate of change in the industry. Now customers want increasingly specialized product variations in less time and of higher quality. Meeting this demand for increased product variation can seriously impact the bottom line. Such variability increases…

Real-Time Analytics Power the Roadway of the Future

By pwsadmin | July 25, 2020

By Kevin L. Jackson The complexities of citywide traffic are pushing the limits of existing transportation management systems. Outdated infrastructure is based on proprietary, single-purpose subsystems, making it costly to acquire, operate, and maintain. And current roadways are simply not prepared for the future of autonomous vehicles. Enter the SPaT Challenge, an initiative encouraging cities and…

Thriving on the Edge: Developing CSP Edge Computing Strategy

By pwsadmin | March 6, 2020

Communications Service Providers (CSPs) are facing significant business model challenges. Referred to generally as edge computing, the possibilities introduced by the blending of 5G networks and distributed cloud computing technologies are redefining how CSPs operate, partner, and drive revenue. A new Ericsson Digital whitepaper entitled, “Edge computing and deployment strategies for communication service providers,” addresses these challenges…

SourceConnecte! Marketplace With A Mission

By pwsadmin | March 6, 2020

Earlier this year, GC GlobalNet launched a new breed of B2B e-commerce sites. Curated by Kevin L. Jackson, SourceConnecte (with an “e”) went live with three strategic goals in mind: Efficiently leverage modern social media technologies to facilitate value-based interactions between enterprise buyers and vetted suppliers; Establish a protected interactive environment capable of supporting high-value B2B e-commerce negotiations…

Potential vs. Reality: Is Edge Computing Real?

By pwsadmin | January 19, 2020

Edge computing provides compute, storage, and networking resources close to devices generating traffic. Its benefits are based on an ability to provide new services capable of meeting stringent operational requirements by minimizing both data latency and the need for bandwidth. Based on Google trend data, searches for the term has also grown substantially over the…

Enabling Digital Transformation

By pwsadmin | December 22, 2019

Digital transformation integrates technology into all areas of an organization’s business or mission. Its fundamental purpose is to create and deliver innovative and industry-changing products and services to a global customer base. This outcome requires the seamless two-way flow of data and information between internal business processes and external processes that interact with customers, business…

The ThinkShield Story Part 1: The Challenge

By G C Network | October 24, 2019

The cybersecurity challenge seems to be growing daily. Threats are becoming more sophisticated, and attacks are becoming more destructive while the corporate world’s response seems to resemble a deer in headlights. Recent examples of this dangerous state of affairs include[1]: A data breach of a US Customs and Border Protection surveillance contractor that led to…

According to Verizon, there were over there were over 53,000 security incidents in 2017, with over 2,200 of those identified as confirm data breaches. A Ponemon Institute study also showed that companies experiencing a data breach took an average of 147 days to detect that breach. These statistics serve a key motivator of Stuart McIrvine, Director of Product Management at Broadcom.  In this role, Stuart is responsible for helping Broadcom’s customers protect data held on mainframe systems around the world.  A rapidly broadening aspect of this job is keeping up with evolving data protection and privacy laws. Stuart highlighted his ever relentless drive to build and maintain customer trust in this area during his Conversations with Dez podcast.

With his extensive experience in hardware with IBM, Software with HP and Operations Management with the newly acquired CA Technologies, Stuart believes that all business comes down to one simple truth. That is a business customer is not going to buy from a company unless they have first established trust. Being a proud husband and father of two young women, one of whom is also working at Broadcom, Mr. McIrvine extends this customer-focused passion towards always delivering the service that any specific customer requests in the way that customer wants and expects.

Maintaining Customer Trust

As the product manager of Broadcom’s computer mainframes, the most secure platform ever built, Mr. McIrvine finds himself in an excellent position from which to pursue his passion. In today’s era of Big Data and Big Regulation, enterprises are increasingly focused on establishing and enhancing their security and compliance strategy. Cross-enterprise data security and compliance must, therefore, protect business-critical data, drive productivity and enhance the enterprise’s overall digital profile. Those companies that chose to take advantage of Broadcom’s leading mainframe security product portfolio are using proven enterprise data security solutions.

During the podcast, Mr. McIrving highlighted that companies must establish and maintain trust with their customers and that protection of their customer’s data is foundational to that trust. To do this, he shared the results of a recent Ponemon Institute study in which indicated that 65% of consumers lose trust in a company that has suffered a customer data breach. Although it’s common knowledge that public companies also see their stock price decline after a breach, those that have superior security posture and quick response to a breach recover from this equity loss over 12 times faster. More importantly, over 30% of consumers discontinued their relationship with a breached company. Regaining that lost customer also costs a company seven times more money when compared to a new acquisition. This data means that a company’s success is heavily dependent on their ability to prove themselves as a trusted institution.

Protecting “Big Iron” data

From an internal point of view, the most significant security spending driver is compliance. In reality, this represents the company’s ability to demonstrate compliance to outside auditors. Since mainframe computers represent the largest repository of customer data, they wind up being the most attractive target for data thieves. According to Mr. Irvine, the typical large company experiences about 2.9 audits per year.

To avoid data and value loss and to keep up with rapid change in data regulations, companies must update their data management policies by:

Learn more about how to follow these proven steps toward protecting your company’s customer data by talking with a Broadcom mainframe expert. They are available to help you find the right solution to meet your organization’s specific needs.

This post was brought to you by @Broadcom.

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