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In The News

5 Cloud Dos and Don’ts | In the News

By | In The News

Strategy is not the sole domain of the CIO. IT leaders must partner with the C-suite to articulate the business benefits of IT transformation.

Businesses are moving to the cloud for efficiency, digital efforts or a combination of both, said Mukesh Ranjan, senior analyst, information technology services at Everest Group.

Making cloud technology interoperate with other systems, working seamlessly between efficiency and digital standards, poses a stiff challenge.

Peer pressure comes into play and companies want to move to the cloud to optimize costs or drive operations, without a strategic business case, Ashwin Venkatesan, VP of information technology services at Everest Group, told CIO Dive.

Read more in CIODive

From Digital Readiness to Digital Effectiveness: Optimizing Digital Investments | In the News

By | In The News

Enterprise spend on digital initiatives is significant and rising quickly – we anticipate an increase of 20-30% in digital spend over the next one to two years. But money doesn’t necessarily buy success; more than three quarters of enterprises fail in their digital transformation initiatives. Why is that? And what do those that succeed do differently?

Read more in Intelligent Sourcing

Changing State of Clinical Trials in the Digital Era | In the News

By | In The News

The life sciences industry is undergoing a fundamental change in its business model. The shifts from blockbuster drug to precision medicine and from volume-based to performance-based models have disrupted the life sciences ecosystem. The cost of clinical trials is continuing to climb and in order to move away from this high-cost R&D model as well as to enable closer engagement with patients. Nitish Mittal and Kanika Gupta at Everest Group explain why pharma and research companies are turning to digital technologies to transform clinical development.

Read more in IBI media

Pulling Back the Curtain on How Companies Train Replacements | In the News

By | In The News

Democrats in Congress are backing legislation that requires companies to disclose the location of employees. The bill’s intent is to identify firms that are outsourcing jobs overseas. One supporter, U.S. Rep. Cindy Axne, an Iowa Democrat, is also interested in something else: identifying companies that send employees overseas to train their replacements.

Regardless, the predominant outsourcing model is still to send services employees to the U.S. for training, said Sakshi Garg, vice president of the Dallas-based Everest Group’s Global Sourcing practice.

Read more in TechTarget

Today’s Biggest Cyber Security Threat Is inside Your Business | In the News

By | In The News

Computer breaches from Russian or Chinese hackers get the headlines, but the reality is you are more likely to be a victim from an insider. It turns out that as much as 60 percent of all attacks were carried out by insiders – either overtly or inadvertently.

It’s more prevalent than you might think. Research by the Everest Group found that upwards of 50 percent of the spending in IT doesn’t go through a sanctioned IT process. That number may seem high, but when you include things like cloud-based sales software, departmental-specific applications, or personal devices, you can see how it might add up if your IT leadership isn’t on top of it.

Read more on SNB

Pulling Back the Curtain on How Companies Train Replacements | In the News

By | In The News

Democrats in Congress are backing legislation that requires companies to disclose the location of employees. The bill’s intent is to identify firms that are outsourcing jobs overseas. One supporter, U.S. Rep. Cindy Axne, an Iowa Democrat, is also interested in something else: identifying companies that send employees overseas to train their replacements.

Regardless, the predominant outsourcing model is still to send services employees to the U.S. for training, said Sakshi Garg, vice president of the Dallas-based Everest Group’s Global Sourcing practice.

Read more in TechTarget

India’s Food Delivery Wars Are No Longer about Speed, but Quality | In the News

By | In The News

As apps like Zomato, Swiggy, and Uber Eats bring thousands of restaurants to patrons’ fingertips, this also brings to sharp relief the problem of subpar food, which in turn has prompted the aggregators to respond.

“People who are packaging aren’t skilled enough,” Yugal Joshi, vice-president of Texas-based consulting firm Everest Group, told Quartz. They are not aware that take-away parcels and food sent through delivery executives require different packaging, he added. “Moreover, the general quality of containers is poor as these food vendors are running on thin margins and don’t invest sufficiently.”

Read more in Quartz

How Is Robotic Process Automation Assisting Businesses in Scaling Operations? | In the News

By | In The News

It is estimated by McKinsey & Co. that automation systems could well and truly, undertake the work of up to 140 Mn jobs by 2025. Everest Group reports that Robotic Process Automation (RPA) is likely to lead to a cost reduction of close to 65% with its potential to register data at the transactional level, thereby enabling decision-making which is swift, precise and predictive.

Read more in Inc42

Ebay Partners Paytm Mall in Fresh Attempt to Crack Indian E-Commerce | In the News

By | In The News

In a renewed bid to get a foothold in India’s growing e-commerce market, the US giant eBay is turning to Paytm Mall.

“Even as eBay eyes India’s e-commerce space again, the company had very few options to choose from. With Flipkart and Amazon India dominating the market, it does not have much of a choice but to go with the third-largest player that is Paytm,” Yugal Joshi, vice-president of consultancy Everest Group told Quartz.

Read more in Quartz

Why is Innovation Important Today? | In the News

By | In The News

People say data is the new oil – but is it? That’s the hype; let’s look at some facts. The sheer amount of data in the universe is growing: there will be 40 zettabytes of data in the digital universe by 2020 – that’s roughly 10 times the data that existed in 2018. However, less than 5% of this data is tracked and translated into structured form, and the amount of data that is actually used is even less.

Read the article by Everest Group analysts Rohitashwa Aggarwal and Shailee Raychaudhuri in Intelligent Sourcing