Over the five years to 2021, the Global Hotels and Resorts industry is anticipated to experience declining revenue. Initially, strong growth between 2016 and 2019 occurred as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel’s performance. Global tourist arrivals were also steadily increasing between 2016 and 2019 until a drastic drop in 2020 due to the global spread of COVID-19 (coronavirus); in 2020 alone, industry revenue declined 39.0%.
Why is Systems Management so Important in 2021?
Expanding traditional IT systems create complex problems for the support staff, which in turn can waste their valuable time and efforts. This results in a lack of resources for capacity planning and performance improvement. Leaving your company without the potential for growth and technology adoption.
Adopting emerging technologies in 2019 such as IoT, Edge Computing, or 5G will help your businesses scale exponentially. But when you do, your IT requirements will scale as well. It will become really important to monitor and protect all your assets and adapt to hyper-connectivity speeds. A single second of downtime can affect your business and cause a high loss.
- Application Monitoring The Application Performance Management (APM) is a subset of the Systems Management. It deals with the monitoring and management of the performance of applications. This subset helps detect complex problems, deals with life-cycles, and level of service.
- Asset Inventory To keep a record of hardware or software assets. This subset helps in asset lifecycle management, keeps a record of hardware, including firmware, versions, OSs, and their licenses. For software asset inventorying, it keeps versioning, patching, and licenses in control.
- Log Management and Performance Analytics This subset helps manage the overall performance of the systems through log analyzing. It helps you collect, correlate, and analyze the system’s data to give you an insight into the performance.
- Network Monitoring and Management This includes monitoring of network devices, such as routers, switches, wireless access points, and end points. Network monitoring helps managers identify failures quickly and improve performance accordingly.