How to close the global productivity gap

Since 2005, the rate of productivity growth globally, has decreased to just over 1% per year, the slowest pace since the early 1970, according to Kirill Tatarinov, CEO of Citrix.

Delivering his keynote address at the Citrix Synergy event in Las Vegas, on Tuesday (25 May, 2016), Tatarinov noted that economists estimate that this productivity gap equates to $2.7 trillion in unrealized gross domestic product (GDP) growth in the US alone.

He said that the $2.7 trillion productivity gap distilled into one word is “complexity” and it needs to be unlocked.

He said that the IT industry is suffering from a crisis of ‘complexity’ – ‘which we need to unlock’. Businesses have become saturated with technology – some of it aged.

“Given the convergence of cloud, mobile, big data analytics and IoT that has changed and improved the way we work and live, this data might be surprising to many business users.

“But for IT professionals who have spent years building on top of legacy architecture, customizing those systems for business needs and managing all the pieces, they have seen the complexity as a result of the vast amount of devices, apps and platforms.”

Tatarinov said that there is a better way to ensure reliable, secure access to apps and data anywhere, on any device, across any platform, and in any cloud.

“In this new world of digital transformation, organisations need three important things: secure apps, data and infrastructure; a reliable network; and assurance they all work together.”

By moving into the cloud, “Citrix powers the world of cloud” said Tatarinov, the company is in a position to help companies embrace cloud-first, mobile-first strategies and to address any number of business challenges including enabling employees to use personal devices at work, adopting the latest cloud apps without ripping out legacy environments, or sharing data files with global partners and customers.

“Citrix is committed to bringing productivity back to IT,” Tatarinov said.

BusinessTech is a guest of Citrix at Citrix Synergy event in Las Vegas.

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How to close the global productivity gap