Category: In The News

Why Composability Is Key to Scaling Digital Twins | In the News

Digital twins enable enterprises to model and simulate buildings, products, manufacturing lines, facilities and processes. This can improve performance, quickly flag quality errors and support better decision-making. Today, most digital twin projects are one-off efforts. A team may create one digital twin for a new gearbox and start all over when modeling a wind turbine that includes this part or the business process that repairs this part.

Alisha Mittal, Practice Director at Everest Group, said, “Many digital twin projects today are in pilot stages or are focused on very singular assets or processes.”

Read more in Venture Beat

How Automation Makes Biz Processes Agile, Less Tedious | In the News

When we think automation, we normally think robotic assembly lines on factory floors. But automation is now everywhere in the enterprise, thanks to technologies like robotic process automation (RPA), AI, and ML.

Anil Vijayan, Partner at Everest Group, said a big advantage of the new automation tools is that they are non-invasive. “You need not rip and replace fundamental systems within the organization,” he said.

Read more in Times of India

Despite Lower Projected Attrition, Margin Impact to Remain High for IT Companies | In the News

During the first quarter, top IT companies such as Tata Consultancy Services (TCS), Infosys, and Wipro reported an impact on margins of 150-240 basis points from salary hikes.

“Even if these pressures are mitigated, there are still pent-up costs which need to be passed through if margins are going to fully recover,” said Peter Bendor-Samuel, CEO of Everest Group.

Read more in Economic Times

Tech’s Offshore Hiring Has Gone into Overdrive | In the News

Companies that once battled to hire employees close to home are now turning to Latin America and other markets for talent.

Many new hires are coming from countries like the Philippines, Argentina, Brazil, and India. While tech companies have long sought out those markets to cheaply staff call centers, content moderator positions, and IT departments, they are now following talent to fill open roles on any of their teams. “We used to think of this as a cost arbitrage story—you hire in Mexico or India because it’s cheaper,” says Jimit Arora, Partner at Everest Group. “Now I see this as a talent arbitrage story. You go where the talent is.”

Read more in Wired

IT Industry’s “People” Conundrum May Delay Its Revenue Growth Targets | In the News

The current talent crisis may delay the industry’s efforts to move up the value chain by delinking headcount and revenue streams.

“The non-linear movement was and is about service providers investing in automation and changing contracts away to per unit or per outcome. This has worked in places but has not radically changed the market as the vendors hoped,” said Peter Bendor-Samuel, CEO at Everest Group.

Read more in Business Standard

 

 

What You Need to Know About Predictive Network Technology | In the News

You may not be able to peek into the future, but predictive network technology can spot and troubleshoot potential problems before they occur.

Using artificial intelligence (AI) and machine language (ML) mathematical models and algorithms, predictive network technology alerts an organization to network issues as early as possible and offers problem-solving solutions. “The technology enables networks to learn from past instances using massive amounts of data through predictive analytics,” explains Titus M, Senior Analyst with Everest Group. “It collects network telemetry data, recognizes trends, and forecasts network difficulties that might negatively impact user experience and offers potential solutions to the issue.”

Read more in Network Computing

CIO 100 US: 8 Award-Winning Healthcare IT Projects | In the News

Healthcare organizations are increasingly embracing digital initiatives to expedite evaluations, better share medical records, and improve patient care.

The pandemic accelerated the healthcare sector’s digital journey, forcing institutions to work remotely where possible and to find ways to keep up with the high demand for care brought on by COVID, notes Abhishek Singh, Partner at Everest Group and leader of the research firm’s cloud and legacy transformation practice.

Read more in CIO

How Capital One Improves Visibility into Snowflake Costs

Banking giant Capital One has packaged its extensive work to migrate to the cloud into a new software business called Capital One Software. Its first product, Slingshot, helps enterprises manage cloud costs and automate governance on top of the Snowflake platform.

Ronak Doshi, Partner at Everest Group, an advisory firm, said, “This FinTech revolution is putting technology as the growth driver for banks and the lead steers in the market like Capital One are now in an advantaged position to take these early bets and monetize them.”

Read more in Venture Beat

Do Your Cloud Apps Need a CNAPP?

Cybersecurity is already infamous for its obsession with acronyms. One list compiled by DoD Cyber Exchange counts 309 different security-related acronyms. Another list published by the National Institute of Standards and Technology (NIST) counts — well, I lost count, because it’s more than 25 pages long.

“The key benefit of CNAPP is bringing a holistic, integrated and seamless view across the elements that influence the security of an application,” said Yugal Joshi, analyst at the tech research firm Everest Group. “This allows an enterprise to continue their cloud adoption journey by building native workloads and not getting bogged down by security implications.”

Read more in The Newstack

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