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  "documentTitle": "Modern Networks",
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      "text": "The modelling outcome shows that a typical company that shifts network spend from maintenance of legacy systems to modernization by 30 percentage points over three years, can expect its annual total network spend to decrease by up to 21%.",
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      "text": "Average annual network cost reduction (% of Network Budget): -21%",
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      "text": "Simply investing more is not the answer; companies need to flip the budget in favor of new, modern networks instead of repairing old, legacy ones. For example, British Sugar (see the case study below) realized that fixes to the legacy system would not help it achieve its Industry 4.0 goals; instead it invested in a holistic network strategy.",
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      "text": "This kind of thinking will result in several benefits, creating significant impact across the enterprise. First, shifting budgets towards network modernization reduces capital and operational costs. From the results of our econometric analysis, we found out that companies that shift spend away from maintenance of legacy systems see a decrease in their total annual network spend over the long run.",
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      "text": "The modelling outcome shows that a typical company that shifts network spend from maintenance of legacy systems to modernization by 30 percentage points over three years, can expect its annual total network spend to decrease by up to 21%. This varies from industry to industry, based on the dynamics of capital and operational cost for each vertical industry.",
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      "text": "*Based on 4244 companies of annual revenue size 1bn-10bn USD: Manufacturing (2744), Transportation (385), Utilities (409), Resources (303), Healthcare (403).",
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