Category: In The News

KPMG Plans 3,500 UK Hires as Big Four Accountancy Firms Grow Their Tech Focus | In the News

KPMG says it plans to hire 3,500 technologists in the UK over the next three years as it creates a new business unit to deliver digital transformation projects. The news coincides with reports that EY plans to spin off its audit division to form a separate company focused on consultancy, highlighting the changing role of accountancy’s traditional “Big Four” – Deloitte, EY, KPMG, and PwC – and the importance of IT services to their future prospects.

The Products launch by KPMG brings it into line with other services being offered by rival businesses, says Nitish Mittal, Partner at Everest Group. “This specific investment by KPMG is similar to what Deloitte did with its Converge Business, which is a desire to invest in data-centric re-purposable products/platforms to help accelerate client outcomes,” he says. “This is an increasing area of focus by consulting and system integration peers.”

Read more in Tech Monitor

 

Three Ways Companies Can Cope with the AI and Analytics Talent Crunch | In the News

With inflation in the United States at a 40-year high and unemployment near a 50-year low, these are tough times to attract and retain employees in just about every sector. When you add the growing demand for talent in high tech sectors like big data and AI, you get a job market that’s great for these workers, but tough for companies.

David Rickard of Everest Group, a respected provider of insight for the global BPO industry, says that while countries like India have a lot to offer now, there are some other locales that should be on your radar, including Africa.

Read more in Datanami

Why a Data Strategy Is Key as Businesses Implement AI | In the News

Nitish Mittal, Partner in the digital transformation practice at Everest Group, commented on this, he said: “I can’t stress this enough: data or the lack of the right data strategy is the number one bottleneck to scaling or doing anything with AI. When clients come to us with what they think is an AI problem, it is almost always a data problem. AI depends on viable data to prosper. That’s why it’s important to think about the data first.”

Read more in AI Magazine

What You Need to Know in Europe’s Next Wave of Technology Regulation | In the News

Europe technology and data sovereignty are back in the spotlight because of two recent events, the war in Ukraine and its cyberwarfare implications and EU lawmakers agreeing to new rules to limit the market power of Big Tech platforms through the Digital Markets Act (DMA) and Digital Services Act (DSA). Everest Group Partner, Nitish Mittal, discusses this topic in his article, What You Need to Know in Europe’s Next Wave of Technology Regulation.

Read more in Nitish’ blog on Data Centre Dynamics

 

Don’t Fear Shadow IT: Embrace It | In the News

While shadow IT may sound like a thing of the past, it is very much still with us today. In fact, it’s growing. The number of SaaS apps running on corporate networks averaged three times the number IT departments were aware of. Compelling statistics from analysts bear this out. Gartner reports that in large enterprises, 30% to 40% of IT spending goes to shadow IT. Everest Group found it to be 50% or more.

Read more in Forbes

Intel Unveils Cloud-to-Edge and On-premise Trust Authority | In the News

Intel launched an independent trust authority named Project Amber at the Intel Vision event to perform remote verification of the trustworthiness of a compute asset in cloud, edge, and on-premises environments.

Intel has invested in confidential computing significantly and sees itself ahead of hyperscaler companies. Everest Group released market research that suggests that the confidential computing market will grow at a compound annual growth rate of 90 – 95% to reach $54 billion in 2026.

Read more in Edge IR

Indian IT Companies Continue to Expand in Europe amid Uncertainties | In the News

While most Indian IT companies have moved their limited operations out of Russia in response to its invasion of Ukraine, they continue to expand in other Eastern European countries despite uncertainties and analysts warning of slowdown in business momentum.

Nitish Mittal, Partner at Everest Group, concurs with the views. “I expect them to expand talent efforts in India, Asia Pacific, Latin America, UK & Ireland, and Continental Europe, through a mix of delivery center expansion and M&As.”

Read more in Tech Circle

LTIMindtree to See Growth in BFSI and Retail Verticals, Say Analysts | In the News

The proposed L&T Infotech (LTI) and Mindtree amalgamation will help LTIMindtree to strengthen collaboration opportunities and create the country’s next large-scale IT services player.

Though a few analysts have said that both firms have complementary capabilities and client exposures, Peter Bendor- Samuel, CEO of Everest Group, a research firm, told TNIE that it is a risky decision as they could lose market momentum.

Read more in Indian Express

 

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