Move fast and break things. A famous adage adopted by many software companies. But what if you’re an industry giant where innovation is required, but failure is absolutely not an option. That doesn’t seem to be a mix for success.Meet Amdocs, a company withe more than 26,000 employees and generating more than $4.2 billion in revenue annually, the expectations for success are a little bit higher.

“The difference between great companies and good companies is how much your endurance is to failure.”Avishai Sharlinis the Division President for Amdocs Technologies, a company that works with communication and media companies to help consumers complete more than 1.7 billion digital journeys every day. On this episode of IT Visionaries, Avishai explains how Amdocs uses open source tools to provide the scale and agility needed to operate some of the world’s most complex systems, and he reveals why and how Amdocs is helping to accelerate many companies' journeys to the cloud.

Main Takeaways

What Separates Good From Great: The difference between a good company and a great one is a company's ability to deal with failure. In technology, failure is inevitable, but the key is to make sure that with each failure, your team is continually learning from your mistakes and building off of them.Different Ways to Architect Your Technology: There are no longer one-size-fits-all solutions for your digital products. Today, each individual piece of technology must be adaptable in order to meet a consumer's needs. This means that technology teams building products have to keep multiple solutions in mind and take into account the different ways users will use technology.  A Whole New World: With the rise of IoT devices, 5G networks will not only bring the bandwidth and low-latency needed to power today’s networks, but it will also enhance the ability for communication companies to better prioritize the amount of data they send to individual devices and how to protect them from cyber threats.

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