August - 2014 - issue > CIO Insights

The Need to Remain Updated is Often Under-estimated

Kevin Haskew

CIO-ON Semiconductor

Wednesday, August 6, 2014

Forward

ON Semiconductor (Nasdaq: ONNN) focuses on efficient power and signal management, logic, discrete and custom solutions to solve unique design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power supply applications. The Phoenix, AZ headquartered company has a market cap of $4.02 billion.

Enterprises find it a difficult task to fulfill the constant requirement for IT systems upgrade. Currently, there is a prominent prevalence of complex and tiered systems architecture, and there has been a surge in the number of applications being implemented. In these circumstances, the concept of staying up-to-date is often underestimated. This ignorance is influencing several aspects such as IT resources, planning, costs, and efficiency. In view of these developments, it is of paramount importance to find alternatives to the current ways of system upgrade.

The other IT technology requirement is regarding IT Security. With the Internet Of Things (IOT) products and technologies expanding, the focus should be on IT resources, and Security loopholes, so as to facilitate a secure and compliant way of functioning for businesses.

Trends Gaining Thrust

The industry is witnessing a surge in new technologies, with the IoT surfacing as the most critical aspect. To explain the current significance of IoT, let's have a look at a real-life example of inter-connected vehicles. In cars, advance driver assistance systems, sensors, lighting and remote emergency assistance would be interconnected. Further, in the realm of personal health, hearing aids would be connected to Smartphones and there could be proliferation of remote patient monitoring and drug delivery.