Innovation - much less of an art and more of a science
1108_ 11/16/11 - Well we have another Colorado Companies to Watch Winner, we're with Matt Larson, CEO of Confio Software. Confio provides software that monitors two key pieces of the IT infrastructure inside of companies, data bases and the workflow environment. Data bases hold most of the companies important information and they are constantly changing and growing. The Confio data base monitoring software looks at how those data bases are performing in a new way that reveals hidden and significant problems. Confio also has software that monitors the virtual environment. Just one-and-a-half years ago Confio recognized this was going to be a major shift in the IT infrastructure and there were going to be very significant problems that needed to be solved. In the past applications would get their own individual server to run on inside of a data center. But most of the time those servers would just sit idle and that was a waste of money. Now applications are put into a virtual server that shares the physical server with lots of other virtual servers. The net effect of that is the underlying hardware is now working most of the time. So Confio's software monitors the virtual environment to make sure it's working correctly and if not how to fix it. Larry asked Matt what he felt the challenges are facing leaders today. Matt said, "I think a challenge that hasn't been nearly this significant in the past is uncertainty." The health bill is a great example, what's going to happen and regardless of which way it goes, what are the costs going to be. What will happen if Greece goes bankrupt, Italy and for that matter what happens if the U.S. can't figure out its own long term debt. These are questions that experts have a difficult time predicting what's going to happen, much less business leaders. As a result of that there is less hiring, less spending, less opportunity. When asked about opportunities for business, Matt said, "Innovation - it's become much less of an art and more of a science. The result of that is companies have a lower failure rate for new products and services than they've had in the past." Matt suggests companies should take the time to learn about these new best practices and implement them and that would be a pretty big opportunity for them...Listen for much more...
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LISTEN to: Matt Larson, Confio Software, Inc.

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