As the article states, it is vital. The losses in Europe alone come close to 1% of global GDP. In times like we are in right now, that point could help improve the lot of millions worldwide. And perception is very much reality. So, the perceived safety of conducting transactions online is instrumental in driving adoption, especially in the case of government transactions.
As we push toward a more consolidated view of cloud computing, this becomes even more vital. For private companies to invest in the needed infrastructure moving forward, the current level of risk is prohibitive. Whether it is a small SaaS provider or the larges Platform providers, the level of risk in becoming a target of cybercrime is incredible. And the investment levels remain high as well. The equation starts to balance in the wrong direction and a correction is needed to ensure that we can, in fact, afford to provide the needed infrastructure, and protect it, moving forward.
The European Commission is taking many of the correct stands to ensure this happens, but member states need to take local action as well. And globally, we all need to realize that a weakness anywhere is indeed a weakness everywhere.
Matt Miszewski has been a leader of incredible teams, that accomplished unbelievable goals - together. From rebuilding an enterprise technology strategy from the ground up as Chief Information Officer of the State of Wisconsin to driving a struggling global sales and marketing team to live beyond their potential and helping take their stock from $45/sh to over $110/sh, I have been honored to take on huge challenges and beat them by building collaborative and high performing teams.
I was proud to be a regular speaker on Digital Realty's earnings call each quarter and being able to brief and advise the Board of Directors each quarter. Focusing on our shareholders needs while coupling that focus with the needs of our top customers was the combination the street was searching for and our increase in equity value proves the effort worthwhile. Our focus on total leasing costs, net present value of long term leases, closing the gap on cash performance and elimination of stagnant inventory helped to drive a stalled stock. Most proud of standing up a revenue engine that will be used for decades including a renewed global salesforce, inside sales expertise, demand generation focus, new global Partners and Alliances program, sales operations team and a heightened focus on connecting lead development to sales outcomes (including a new social marketing program, AR/PR, digital presence, brand identity refresh, SEO/SEM and a regular campaigning process).
Combining decades of technology leadership with this commercial success creates an incredible package to unleash revenue and hack growth for companies from any industry out there.