Extreme Networks is one of the strongest quarters in 25 years of history, with double-digit year-over-year revenue growth and four consecutive quarters of growth. Extreme Networks goes to parties with big bets on automation, AI and cloud management.
Timing is everything, and enterprise customers want to reduce network complexity and manage their environment, which is hitting the cloud networking trend. Extreme CEO Ed Meyercord..
“Companies are rethinking their network architecture after adding remote users and devices in response to COVID-related changes from last year. The cloud is an ideal way to address these changes.” Said Meyercord.
For Extreme, we hope that our flagship ExtremeCloud IQ (XIQ) management platform, which has increased subscription rates by 122% over the past year, will help continue to grow our enterprise-class customer network. “As the second largest cloud-based networking vendor, we currently manage 1.6 million devices at XIQ,” said Meyercord. We will continue to enhance XIQ and other components with AI, ML, and automation.
According to Meyercord, automation is important because it brings efficiency to the management of IT infrastructure. The idea is to automate the response to the number of multiple alerts and alarms that IT must handle and the tons of time it takes to handle them manually.
According to Gartner, automation and super-automation have gained serious use. Research and consulting firms Super-automated market reaches $ 596.6 billion In 2022, it is projected to increase from $ 481.6 billion in 2020 to $ 532.4 billion earlier this year.
“Hyperautomation is an approach that enables organizations to quickly identify, scrutinize, and automate as many processes as possible using technologies such as: Robotic Process Automation (RPA), Low Code Application Platform (LCAP), AI and virtual assistants, “Gartner said.
“The fastest growing categories of ultra-automated software include tools for mapping business activities, automating and managing content ingestion, coordinating work across multiple systems, and providing complex rule engines. There will be an increasing demand for technologies that automate content ingestion, such as signature verification tools, optical character recognition, document ingestion, conversational AI, and natural language technology. “
In addition to automation, according to Meyercord, AI and ML will help IT be more predictable and solve many network problems before they cause real problems.
Extreme is working on a new XIQ tool that uses AI technology, which the company calls Explainable AI. This tells Meyercord what an alarm is and why it was generated. The concern is overcoming the shortcomings of the first round of AI tools on the market that caused many false positive alerts and alarms.
“Our alerts are explainable and free of 99.9% false alarms. They have been used in selected customer environments for a year and have been used for a year, along with AI and ML insights enhancements across the portfolio, as well as XIQ co-pilots. It will be released shortly under license. The technology will move to public beta in June and will be available to all Extreme users, “Meyercord said in the company’s third-quarter earnings call.
“The idea is to help IT tackle network problems. Check these things, whether the access point is about to fail, the cable connection is loose, or there is RF interference. You can do it, “says Meyercord.
Another notable topic this quarter for Extreme and all other tech companies is the growing shortage of intelligent chips. This can lead to production delays and cost and supply chain issues.
“As a result of chip shortages, product constraints are increasing and impacting. But in our case, we burned our shortage forecasts into our financial forecasts and our team managed the impact,” Meyercord said. Says.
At the company’s financial results briefing, Meyercord said, “I think the level of product constraints that may be prevalent in the industry is probably a bit low for us … given the relationship. [with semiconductor partner Broadcom] It’s in that important component. “
The Broadcom and Extreme teams are actively working to avoid the constraints they face, Meyercord said.
Against the backdrop of all these technological changes and challenges, companies face the need to train new IT workers and, in some cases, retrain current IT workers.The company has many customers using Extreme Academy Evolve the workforceSaid Meyer Code.
Similar to a program Amazon And Microsoft Extreme has founded Extreme Academy Live, a set of free online training courses for cloud and networking skills. According to the company, the first course, which began in December, was attended by 8,000 students, recorded over 25,000 views and streamed 15,000 hours over a three-month period.
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https://www.networkworld.com/article/3617001/extreme-ceo-talks-ai-automation-chip-shortages.html#tk.rss_news Extreme CEO talks about AI, automation, chip shortage