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621

Cloud professional services and hosted private cloud markets will grow over the next 5 years as COVID-19 drives cloud adoption

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COVID-19 has undoubtedly created financial pain for businesses across all verticals. Business operations have been disrupted and revenue streams have declined in many industries across the globe. At the same time, the pandemic has required additional investment to support remote work and adjust business processes to align with public health guidance from the Centers for […]

622

IBM Z’s relevance will persist in the digital world

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Software abstraction converges ICT onto single platforms Software-defined networking essentially virtualizes the last leg of the three-cornered compute, storage and networking stool. Similarly, the software abstraction makes compute and networking mere workloads on the compute instance. Vodafone’s (Nasdaq: VOD) customer case study at Think 2020 addressed this integrated data and networking construct being delivered from […]

625

2020 will be challenging for IT services vendors that are slow to adjust their business models to address rapidly changing market needs

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IT services revenue will retain its low single-digit growth trajectory through 1Q20 before it begins to decelerate due to COVID-19 IT services year-to-year trailing  12-month revenue growth, at 2.2% in USD, was up 30 basis points sequentially in 4Q19 and down 400 basis points against the year-ago compare. During 4Q19, benchmarked IT services vendors continued […]

626

COVID-19: Life between trapezes

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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 […]

627

Cognizant withdraws revenue guidance due to coronavirus

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“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

628

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

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“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 […]

629

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

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“‘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 […]