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751

Security measures taken to combat impacts of COVID-19 on businesses will have long-term implications

The COVID-19 pandemic has unleashed an array of cyberattacks that threaten the health of our virtual systems, including but not exclusive to those in healthcare, banking and government agencies. Cyber criminals are capitalizing on widespread weaknesses with attack vectors in the form of spam, phishing scams, ransomware and malicious URLs. As the number of infected […]

753

COVID-19’s early financial impacts: Cloud and SI vendors

Insights from TBR’s Cloud and IT Services teams Join Allan Krans, Patrick Heffernan, Kevin Collupy and Boz Hristov as they discuss how the COVID-19 outbreak has impacted 1Q20 earnings in the cloud, IT services and consulting markets. While the world has been significantly disrupted by COVID-19, the impact on technology vendor revenue and cost structures […]

755

COVID-19: Life between trapezes

Economic activity currently appears more in cessation than recession. It is as if the world is suspended, untethered between two trapezes. As activity resumes, we know inquisitive humans will turn to easy-to-assemble technology to meet the emerging business demands and consumer pain points materializing daily. We will see a flurry of IoT-enabled endpoint applications that […]

756

Cognizant withdraws revenue guidance due to coronavirus

“IT vendors — especially those exposed to the most volatile sectors such as industrials / manufacturing, retail and travel — will see a challenging period, says Boz Hristov, Professional Services Senior Analyst, Technology Business Research.” — InfoTechLead

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Indian IT sector may take a heavy hit as Covid batters US and Europe

“Boz Hristov, Professional Services Senior Analyst, Technology Business Research, Inc, said IT vendors — especially those exposed to the most volatile sectors such as industrials/manufacturing, retail and travel — will see a challenging period. The financial services sector will face headwinds, especially banking and capital markets, and less so insurance. This will further pressure Indian […]

758

Efforts underway to bolster cash flow in face of COVID-19 pandemic

“‘The contractors with more ‘progressive’ partnership/alliance strategies will be able to ‘unite the clans’ in their subcontractor network and quell any trepidation by sharing as much of the risk and the risk-management as possible,’ Technology Business Research Senior Analyst John Caucis told me. Caucis, who watches public sector IT for the market intelligence firm, pointed […]

760

Digital transformation at scale faces its biggest test yet

It takes a village, but a distant one For years, IT services vendors — and now increasingly consultancies — have been building business models around supporting enterprises’ IT and business processes, largely by leveraging the human arbitrage model and price-competitive offshore centers. While in recent years many vendors have begun to build on-site and/or nearshore […]