David Goulden, CEO of EMC Information Infrastructure, told a crowd at EMC World that to keep up with the current business market, companies have to quickly modernize, according to a CRN report.
Goulden said that companies need a modern data center to adapt more traditional workloads for the cloud and to better host cloud-based workloads.
About $3 trillion is spent on traditional IT systems a year, Goulden said. Moving just 10% of that away from infrastructure would make businesses much more agile.
The IT industry, Goulden said, is at an inflection point, and those that don’t move fast will be left behind.
Goulden said EMC plans to focus on the all-flash storage business, data protection and cloud. The company made several new product announcements in those areas during the event. Of course all this could change once the Dell-EMC deal is complete and the two companies merge, which is expected to occur later this year. Once complete, the company will be named Dell Technologies.
In April, EMC announced discouraging first quarter results, but reassured the public that Dell's multibillion-dollar acquisition was still on. The company attributed the disappointing results to an excess of unfulfilled orders at the end of the quarter.