“Everest Group’s research has suggested that more than half of the enterprises are spending in excess of 10% of their annual budget on cloud services.” Read more.
“BFSI IT budgets remained relatively unchanged in 2013 and influenced the rise in contracts, explains Jimit Arora, Vice President at Everest Group. The dual mandate for CIOs, or the philosophy of reinvestment, where because IT budgets are largely flat, clients are looking at ways to economize (drive greater efficiencies in their legacy environment), and use those savings to invest in transformational next-generation IT.” Read More.
“A recent study of industry executives and analysts conducted by Everest Group confirmed this point. In response, I WANT YOU to make a personal pledge to get involved in supporting an initiative to take confidential information seriously and commit to processes and procedures to guard against disclosure.” Read more.
“Outsourcing of information technology services is on the rise according to a new report by Everest Group. Last year saw a 35% growth in information technology outsourcing (ITO) among medical device, pharmaceutical, and biotechnology firms. The ITO market, estimated at $30 billion in 2012, is expected to grow to $68.1 billion by 2020 with a CAGR of 12%. Transaction volume of life sciences ITO grew 21% from 2012 to 2013 alone.” Read More.