02/06/2024 | News release | Distributed by Public on 02/06/2024 08:50
In today's rapidly evolving financial services landscape, technology plays a crucial role in enabling business outcomes. Cisco is at the forefront of these technological advancements. Cisco Catalyst Center stands as a testament to this commitment to innovation, particularly in the application of automation use cases.
With a customer-centric approach, Cisco has been instrumental in transforming financial institutions by helping them achieve key business outcomes. Core to any digital transformation is the ability to automate as much as possible through Cisco Catalyst Center's automation capabilities that significantly enhance operational efficiency, security, and customer experience.
Cisco Catalyst Center, a software-driven, intent-based allows a systems administrator to apply business policies to the network, which Catalyst Center then translates into network behaviors. These policies are then monitored, maintained, and adjusted on an ongoing basis to achieve the desired end state. By automating these tasks, IT teams can focus on more strategic initiatives instead of being burdened by routine network management activities.
One of my clients is a leading global bank based in the U.S. They were able to leverage Cisco Catalyst Center to address several critical challenges. Here are four ways it improved the bank's performance:
Before deploying Catalyst Center, customers would be subject to periodic service degradations, due to routing failures. Post-deployment, Catalyst Center's network traffic optimization reduced these issues by 25%, resulting in a more satisfying user experience. From a business standpoint that has meant fewer abandoned transactions and greater overall CSAT scores for the bank.
This is just my example of how Cisco has empowered financial institutions through the power of automation however there are other similar published customer success stories. With Cisco Catalyst Center, these organizations have a potent tool that not only simplifies IT operations but also delivers key business outcomes.
The success of Cisco Catalyst Center in financial services underscores the importance of automation in driving digital transformation. By also leveraging the power of predictive and adaptive AI/ML capabilities, financial institutions can improve their network's reliability, security, and efficiency, ultimately supporting better business outcomes.
The velocity of change in the IT landscape is accelerating at an unprecedented rate. Traditional networking solutions are rapidly becoming obsolete, unable to keep pace with the demands of today's digital world. The need for automation, observability, and self-healing capabilities is no longer optional; they are critical prerequisites for network success.
Ignoring this evolution is akin to admitting defeat. Businesses that fail to equip themselves with these advanced capabilities risk being unable to compete effectively, with their network becoming a bottleneck rather than a driver of growth. The time to act is now. Embrace the future of networking with Cisco Catalyst Center, and ensure your institution remains competitive in the ever-evolving digital landscape.