Innovate or die: Cisco, Signal Alliance tell lenders

Two technology giants, Cisco and Signal Alliance have advised deposit money banks (DMBs) to leverage technology in their operations in order to  be more efficient without spending above their budget.

Speaking at the Signal Alliance-Cisco business engagement session, Signal Alliance Director of Service Delivery, Adegbola  Adesina,  said: “More companies continue to embrace mobility, cloud, analytics, and increase in custom built application on low bandwidth, consuming applications to digitise their businesses. These have made IT teams to struggle in their bid to keep up with the ever-increasing complexity of the network, sophistication of security attacks and growing end user’s expectations.”

This according to Adesina, has made many organisations to spend huge sums of money acquiring new devices all in the name of upgrade which may not be necessary.

The Signal Alliance Digital Transformation event was well attended by leading banks in Nigeria. The bankers were shown by experts how their organisations can make do with what they already have, cut down on their IT spend and grow their services in a more secure environment to gain competitive advantage through process digitisation.

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Another speaker,  Yinka Adeosun also of Signal Alliance, spoke on Digital Network Transformation, while Tomi Amao of Cisco demonstrated the new Cisco Security Integrated Architecture.Kaecy Udumukwu’s presentation was on Digital Business Transformation.

Cisco told participants that traditional networks simply could not scale to meet the increasing demands of the digital business. For this reason, a new network was needed for the digital business; a new network for the digital era; a network designed from the ground up to be flexible, programmable and open; while leveraging on and protecting existing investment.

Amao said the Cisco Digital Ready Network helps IT to address these demands by moving networking from hardware-centric to software-driven, from manual to automated, and from reactive to adaptive.

Signal Alliance is a diversified technology company with over 20 years’ experience in the Nigerian technology and business landscape, starting out first as an IT networking company in 1996, before quickly evolving into IT systems integrator. It is a leading Cisco partner in Nigeria who won the 2016 Cisco Global Partner Plus Winner Circle Award for Africa. Signal Alliance also invests and incubates technology startups.