Category: In The News

Afternoon Coffee: Talent Procurement Is Topic of Debut ‘Lunch and Learn’ Series with Everest Group; EU Proposes Economic Relief; Human Spaceflight to Resume from U.S. Soil in SpaceX’s First Manned Mission | In the News

Contingent workforce management experts from Everest Group and Spend Matters have teamed up to share their insights on a talent performance framework and talk about the people and the ways of doing work. New business models and price-cost pressures are adding to existing talent procurement and talent management concerns. As procuring talent becomes more of a challenge for organizations, there is a lot of complexity in solving that problem as it relates to different segments of the workforce.

Read more on Spend Matters

Social Distancing Apps and Facial Recognition Are the New Normal at India’s IT Firms | In the News

Indian IT is slowly—and nervously—returning to the office.

The $130 billion outsourcing industry was one of the least prepared to shift to a work-from-home model when the Indian government announced a nationwide lockdown in March. So for the past two months, the sector, which employs over 4 million people in India, operated with a makeshift hybrid model where most of the staff worked remotely but many workers were forced to come to offices.

“No IT company is fundamentally changing. They are just making people follow some guidelines,” said Yugal Joshi, vice-president at Texas-based consultancy Everest Group. “For now, we can have buses or cafeteria run at 30% capacity, but if we truly want to sustain this, we need to remove 70% seating from buses forever.”

Read more in Quartz

Everything Should Go Cloud Now, Right? | In the News

We are now at the stage where the majority of easy workloads have been shifted, representing an estimated 20 percent of compute moved across. We now enter the next phase. This is where the harder workloads will be migrated, those that will likely bring the most advantage to the business and the customer in moving to the cloud. This shift represents more than a simple technology change and will lead to new ways of working, where we shall see the reaping of the optimal benefits of cloud compute.

Digital transformation projects are often correlated with everything cloud. And yet, according to an Everest Group survey, due to this 73 percent of enterprises failed to provide any business value whatsoever from their digital transformation efforts.

Read more on IBM’s website

5 Steps to Proactively Address Unauthorized IT Among Workers | In the News

The term “shadow IT” has been around for several years — and for years, it has challenged IT departments. The practice of using applications and systems without the explicit approval of IT staff, or sometimes even without their knowledge, poses real risks for a government agency, particularly now that more employees are working from home.

The Everest Group reported last year that dismantling shadow IT accounted for 50 percent or more of IT spending in large enterprises.

Read more in StateTech Magazine

Offshoring HR Administration? the Reality for Luxembourg Companies | In the News

An increasing number of major companies in Luxembourg, especially in the banking sector, are looking to offshore management of human resources, the so-called HR back office. The decision to move these activities abroad is usually initiated by headquarters and often impacts several offices in different countries, which are tasked with reorganising their activities so HR administration processes can be merged, optimised and carried out from a single hub. While there are many good reasons to make this change, it presents significant challenges and complexity in the Luxembourg context.

In an article published in September 2016, Rodrigo Amaral interviewed Sarah Burnett, vice-president for research at Everest Group, about ‘nearshoring’ in central and eastern Europe. She said:

Read more in HR One

Indian Ride Hailing Firm Ola Slashes 1,400 Jobs As Pandemic Decimates Demand, Postponed Plans To Expand To London | In the News

ndian ridesharing firm Ola will cut 1,400 jobs in India as the coronavirus pandemic and related lockdown has damaged its business.

Yugal Joshi, Vice President at Dallas,Texas-based consultancy Everest Group, commented: “Shared mobility services like cabs may get pushed out for six-nine months post-Covid as consumers will be hesitant to book rides. The number of trips may get curtailed. So there will be a challenge for these firms. However, the value proposition of shared mobility is very strong and it will continue as a seminal trend.”

Read more on International Business Times

Artificial Intelligence (AI) vs. Machine Learning (ML): 8 Common Misunderstandings

IT and business leaders will run into some false notions about artificial intelligence and machine learning and what each one can do. Here’s how to articulate the truth on AI vs. ML.

Machine learning is one way to accomplish that. It uses statistical analysis to learn autonomously and improve its function, explains Sarah Burnett, executive vice president and distinguished analyst at management consultancy and research firm Everest Group.

Read more in The Enterprisers Project

Why Now Is the Time for Accounts Payable Automation | In the News

It is no secret that COVID-19 has upended life beyond what we ever thought possible—our home lives, work lives and corporate environments have all changed dramatically, and companies are being forced to adjust to this new paradigm to survive in the “new normal.” At Kofax, we’re seeing a dramatic increase in organizations reprioritizing their need for AP automation technology to support their changing workforce and better manage their fluctuating cash flow needs. Where accounts payable automation projects may have been put on the back burner before, companies are now scrambling to automate AP functions with electronic invoicing solutions, invoice capture tools and AP workflow automation solutions.

We invited Shirley Hung from the Everest Group to talk us through the concept of accounts payable transformation. If you’re grappling with how to make the right changes, my hope is that the research she shares will bring you some ideas about how it could work in your environment.

Watch the on-demand webinar “Why Now is the Time to Embrace Accounts Payable Transformation” to learn more.

Read more on Kofax’ website

 

Coronavirus Impact: Indian IT Firms May Lose Revenue as US Retail Clients Struggle to Run Business | in the News

Peter Bendor-Samuel, the chief executive of Everest Group, said the slowdown at retailers would have “the effect of initially postponing large projects, then it will likely give way to aggressive cost take out programmes”. Bendor-Samuel also believes that such cost reductions could create an opportunity for some Indian technology services providers.

Read more in Money Control

Indian IT May Take a Big Hit as US Retail Struggles to Stay Open | In the News

IT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough employees, analysts said.

Neiman Marcus and JC Penney did not respond to detailed queries by ET. Infosys declined to comment. “Any IT services company with higher exposure to luxury retailers is bound to take a hit. The non-essential retailers are not going to come back strong soon,” said Sanchit Vir Gogia, CEO of Greyhound Research. Peter Bendor-Samuel, CEO of Everest Group, said the slowdown at retailers would have “the effect of initially postponing large projects, then it will likely give way to aggressive cost take out programmes”. Such cost reduction may, however, also create an opportunity for some Indian technology services providers, he added.

Read more in Economic Times

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