BYOD – An Inroad to a Global Business

What does ‘BYOD’ Stands for?

BYOD abbreviated as “bring your own device” is the evolving trend towards the policy of allowing employees to bring their Personal digital assistant like smartphones and laptops, to their business workplace, and to use them for accessing business applications. This policy permits the employees to freely use theirs within the respective business entity. This practice is gaining pace with the growing IT especially in the bigger sections of Information Technology.
Next, when we talk about BYOD, questions like how beneficial is it? And do companies look forward to implementing this practice in their organization? Come to our mind.  So, let’s take a deeper look into it….
  • The BYOD market is on target to reach nearly $367 billion by 2022, up from just $30 billion in 2014.
  • As of 2016, six out of 10 companies had a BYOD-friendly policy in place.
  • 59% of organizations allow employees to use their own devices for work purposes. Another 13% had planned to allow use within a year.
  • 87% of companies rely on their employees using personal devices to access business applications.

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