In The News Archives - Page 4 Of 213

What Insurers Need in Order to Win in 2024 | In the News

February 16, 2024

The world is facing increased risk and uncertainty today, which means that the need for protection has increased for individuals as well as for corporations. This also means insurers can charge higher premiums for their products. Read on to find out three ways insurers can differentiate on customer experience and win in 2024 in this article co-written by Manu Aggarwal, Partner in Everest Group’s Business Process Services practice.

Read more in Insurance NewsNet.

After $1.5 Billion Blow Last Year Infosys Scores a $300 Million Win | In the News

February 15, 2024

Recovering from the loss of a billion-dollar deal in December, Infosys has kicked off 2024 with momentum, securing two significant contracts.

Nitish Mittal, Partner at Everest Group, remarked on the significance of the Infosys-Pacific International deal for the logistics and shipping industry’s ongoing tech-driven modernization.

Read more in Mint.

Nearly 75% of Enterprises Pivoted to Text-based Generative AI to Improve Operational Efficiency | In the News

February 15, 2024

Over 45% of enterprises identify the lack of internal technical expertise as a major barrier to generative AI implementation.

According to the recent Generative AI in CXM Survey Report by Everest Group and WNS, 75% of enterprises are elevating their business strategies by piloting, deploying, or scaling up text-based generative AI solutions, followed by 62% for code generation and 52% for image generation.

Read more in Analytics India.

Sharpest Fall in Six Years! Headcounts at Top IT Companies like TCS, Infosys, and Others Falls for Four Quarters; Hiring Takes a Back Seat | In the News

February 14, 2024

The top companies in India’s IT sector have witnessed a decline in their workforce for the fourth consecutive quarter. Yugal Joshi, Partner at Everest Group, states that these companies were highly aggressive in their hiring practices before the slowdown in demand.

Read more in The Times of India.

Everest Group Outlines Top Priorities in 2024 | In the News

February 12, 2024

2024 will be the year of doing more with less, according to the results of the Everest Group 2024 Key Issues Study of enterprise executives.

“Enterprise leaders in our 2024 Key Issues Study are focused on lowering costs and increasing profitability and will be placing high expectations on service providers with little room for rate increases,” said Hrishi Raj Agarwalla, Vice President at Everest Group.

Read more in FutureIoT.

Accenture’s $450-Million Gen AI Pipeline Is More than the Top 10 Indian IT Companies’ Combined | In the News

February 5, 2024

At present, the top 10 Indian IT service companies together have around 450 gen AI projects and PoCs in the pipeline, according to data accessed by Moneycontrol from market intelligence firm UnearthInsight. In contrast, global rival Accenture alone as of its first quarter (it follows a September-August financial year) has a pipeline worth $450 million and an estimated 450 projects and PoCs.

Peter Bendor-Samuel said that till date the revenue generated for services firms from Gen AI has been modest. He doesn’t view the $450-million pipeline from Accenture as indicative that it will be ultimately able to unleash a gusher of revenue from generative AI.

Read more in Money Control.

CIOs Rise to the ESG Reporting Challenge | In the News

January 30, 2024

Environmental, social, and governance (ESG) reporting is proving to be a complex endeavor founded in data. And that’s putting CIOs at the center of these increasingly important initiatives.

CIOs — who sign nearly half of all net-zero services deals with top providers, according to Everest Group analyst Meenakshi Narayanan — are uniquely positioned to spearhead data-enabled transformation for ESG reporting given their data-driven track records.

Read more in CIO.

It’s Too Early to Expect Gen AI-led Revenues | In the News

January 26, 2024

The much-anticipated boom from gen AI looks like it will not appear at least in any significant way in 2024 in revenue terms. A significant troubling trend is that the tech services spending, which is normally 4-8 times the spending of the other tech, is not appearing in gen AI. This may change over time, but it is highly disappointing for the tech services firms at this time, Peter Bendor Samuel, CEO, Everest Group, tells Bizz Buzz

AWS Users Waste Billions by Forgoing Discount Plans, Report Says | In the News

January 25, 2024

More than half of organizations that use the Amazon Web Services Inc. cloud don’t take advantage of savings plans, collectively wasting up to US$20 billion annually in cloud spending, according to a new study by ProsperOps Inc.

Customers appear to be wising up to cost-saving tactics. A recent report by Everest Group said savings plans and reserved instance adoption is expected to increase by 80% in the next three years.

Business Stories: Accelerating Innovation and Steering through Change, with Peter Bendor-Samuel | In the News

January 24, 2024

Fifth Third Bank’s North Texas Market Executive Ron Harrison and Dallas Business Journal Publisher Ollie Chandhok sit down with Peter Bendor-Samuel, CEO of Everest Group. Bendor-Samuel shares insights on adapting to current challenges in both the market and his company.

Watch Peter’s interview on Dallas Business Journal

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Category: In The News