Wires are seen at the back of servers at the headquarters of network security provider Check Point Software Technologies Ltd in Tel Aviv, Israel August 14, 2016. Picture taken August 14, 2016. REUTERS/Baz Ratner - S1AETVTIXBAA

Outdated technology is hamstringing Indian companies.

Around 82% of respondents from the country in the Future of Networking Global Survey 2017 (pdf) by American IT company Riverbed said that older hardware components and software applications are holding them back from effectively using cloud technologies.

India topped the list of those concerned over outdated networks, followed by the US and Brazil. The global average of the survey was 69%.

“The legacy network infrastructures that have served as the backbone of enterprise connectivity in years past simply can’t provide the visibility, speed, security, and flexibility that modern applications and workloads demand,” the report said.

Cloud computing—or just “the cloud”—refers to the delivery of on-demand computing resources over the internet on a pay-per-use basis. The technology helps cut down on hardware costs, while simplifying access and processes.

Indian companies are making a marked shift away from conventional technologies and toward digitalisation. In 2017, average IT budgets in India are expected to grow 10.7%, according to research and advisory firm Gartner, which is nearly five times faster than the global average of 2.2%. Despite the commitment to use more digital technology, over a fifth of the 65 Indian executives surveyed by Gartner are worried about skills and resources.

Resources are a concern across the board. There is a “staggering gap” between recognising the pressing need and an actual migration toward modern technologies, Riverbed’s survey reiterated, while pointing out that the lack of funding is a major factor in the deployment of better cloud strategies.

[“Source-CNBC”]