Tag: Cloud / data center

6 Most Underhyped Technologies in IT — Plus One That’s Not Dead Yet | In the News

AI has sucked all the air out of the room of late, but the tech that makes AI possible keeps the business humming and advances the core mission of IT, and the business too often goes overlooked, unused, and underfunded.

One of these technologies is cloud migration tools. Yugal Joshi, a Partner at Everest Group, lists cloud assessment tools as another underhyped and underused tech.

Read more in CIO.

Indian IT Firms Stare at Bleak Holiday Quarter on Grim Outlook | In the News

Migration to cloud has been at the vanguard of growth the past three years, but its pace has slowed considerably and is unlikely to return at the level it was post pandemic. Microsoft, Alphabet, Amazon and even Meta, Apple and Tesla have indicated a weakening demand environment that could last at least two quarters.

Peter Bendor Samuel says, “Much of the growth the industry has experienced over the last three years has been the migration to cloud and this modernization phenomena has slowed considerably and is unlikely to return at the level it was post-covid.”

Read more in The Economic Times.

9 Cloud Strategy Questions Every It Leader Must Answer | In the News

Whether you’re starting out or deep into your cloud journey, assessing — and reassessing — there are some key questions vital to ensuring a business-aligned approach free of cost overruns that can arise rapidly at any time.

Mukesh Ranjan, Vice President at Everest Group shares his views on some of the key points. He suggests it’s critical that all stakeholders and impacted functions should be aligned on the business value of moving to the cloud. He also talks about how quantifiable, dynamic, and outcome-oriented metrics are essential to track progress and measure the business value of the cloud.

Read more in CIO.

Cloud Security Services PEAK Matrix® Assessment 2023

Cloud Security Services 

The demand for cloud security services in the global business landscape is accelerating due to enterprises’ digital transformation mandates, rising importance of data protection, and challenges in securing hybrid multi-cloud environments. The need for effective cloud security solutions has intensified due to the expansion of cloud infrastructure, which has led to larger attack surfaces, rising cyber threats, complexities in posture management, and frequently changing regional cloud governance and security policies.

In response to stricter data protection regulations, enterprises face growing pressure to comply with data privacy laws and address increasing cybersecurity threats. The post-pandemic landscape, characterized by remote work and security vulnerabilities, has intensified cyber risks. Enterprises are prioritizing cloud security services to offer comprehensive end-to-end protection across complex hybrid multi-cloud systems. Cloud security providers are expanding their capabilities to meet these demands, emphasizing a platform-driven approach with next-generation features such as DevSecOps, automation, and zero trust. Collaborative efforts with cloud-native and third-party security providers are vital to provide sophisticated, adaptable, and globally compliant cloud security services.

Cloud Security Services

What is in this PEAK Matrix® Report

In this report, we assess 18 global cloud security providers featured on the Cloud Security Services PEAK Matrix® Assessment 2023. The research will help buyers select the right-fit provider for their needs, while providers will be able to benchmark themselves against each other.
 

In this report, we deliver:

  • Cloud Security Services PEAK Matrix characteristics
  • Enterprise sourcing considerations
  • Providers’ key strengths and limitations

Scope

  • All industries and geographies
  • Services: cloud security
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud security providers, client reference checks, and an ongoing analysis of the cloud security services market

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MedTech Operations
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MedTech Operations PEAK Matrix® Assessment 2023

Our Latest Thinking

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AWS re:Invent: The Story Beyond Generative AI

Providers Need to Assist Carriers with Value Realization and Governance Mandates as They Move to Cloud
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Providers Need to Assist Carriers with Value Realization and Governance Mandates as They Move to Cloud

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A Delicate Balancing Act: Maximizing Cloud Value from AWS

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Unveiling Hidden Dangers: Proactive Measures to Address Cloud Migration Risks

What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

The Cloud Revolution: Adapting to Changing Realities | In the News

According to a data point published by Everest Group, 67% of enterprises believe they are not seeing the expected value from cloud. With the public cloud market growing north of 20% year-on-year for the past seven years, this “value realization” question did seem like cloud denial. But every market witnessing heady growth needs its moment of truth to reinvent and pivot to the next phase. This moment has come for the cloud as a market.

Read more in Spiceworks.

Six Alternatives to Blockchain for Businesses to Consider | In the News

Technologies like cloud storage and distributed databases provide some of blockchain’s data integrity and reliability advantages with fewer performance, efficiency, and cost issues.

Suseel Menon, Practice Director at Everest Group, said the trust and security policies and governance layers of cloud services are sufficient for most enterprise applications. In addition, several third-party data storage services can provide better governance and security with far less overhead than a blockchain would entail, he said.

Read more in Tech Target.

Cloud is Here to Stay, but Customers Are Starting to Question the Cost | In the News

Cloud has become a global industry topping US$100 billion in size, but some customers have begun to question the move to these services and started to bring workloads back in-house.

Cost pressures are forcing organizations to look more closely at their cloud investments, according to Everest Group. It claims cost has now risen to the top concern among cloud customers, and 67% of enterprises surveyed say they are not seeing the expected value from the cloud.

Everest Group’s cloud and legacy transformation leader, Abhishek Singh, told us that this can be down to the way organizations are using the cloud, and that the cost benefits are clear for operating cloud-native applications.

Read more in The Register.

Cloud Services PEAK Matrix® Assessment 2023 – North America

Cloud Services PEAK Matrix® Assessment – North America

In the continuously maturing cloud adoption landscape, enterprises are leveraging cloud services to increase operational efficiency, enable business innovation, and accelerate organizational growth. As economic headwinds challenge organizations, they are strategically evaluating their cloud modernization investments while intensifying their focus on optimizing cloud operations. Adopting hybrid and multicloud strategies allows them to enhance reliability and utilize the best-of-the-breed offerings across cloud providers. Furthermore, moving more data and applications to the cloud has made security and regulatory compliance a primary focus area. Industry-specific cloud offerings are helping enterprises address unique business needs. They are also benefiting from AI-backed cloud solutions that empower them to gain actionable insights from their data. A growing emphasis on cloud sustainability reflects their commitment to environmentally responsible practices.

As far as the North American market is concerned, the demand for enterprise cloud adoption is shifting from a focus on cost and efficiency to driving business-focused growth and experience. Enterprises are actively seeking Service Providers (SPs) capable of delivering value through business-aligned strategies and best-of-the-breed solutions and accelerators. At the same time, SPs are focusing on strengthening their horizontal- and vertical-focused partnerships with technology and platform providers to aid enterprises in their cloud adoption engagements.

CSPEAK2023

What is in this PEAK Matrix® Report

In this report, we assess 32 cloud SPs featured on Cloud Services PEAK Matrix® Assessment 2023 – North America and categorize them as Leaders, Major Contenders, and Aspirants based on their capabilities and offerings.

In this report, we:

  • Examine the market impact and vision and capability of 32 SPs focused on cloud services
  • Study providers’ key strengths and limitations
  • Evaluate enterprise sourcing considerations

Scope:

  • All industries
  • Geography: North America
  • The assessment is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading cloud SPs, client reference checks, and an ongoing analysis of the cloud services market

Related PEAK Matrix® Assessments

Operational Technology
PEAK Matrix®

Operational Technology (OT) Security Products PEAK Matrix® Assessment 2023

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PEAK Matrix®

Talent Readiness for Next-generation IT Services PEAK Matrix® Assessment 2023

Low-code Application Development Platforms
PEAK Matrix®

Low-code Application Development Platforms PEAK Matrix® Assessment 2023

Our Latest Thinking

Key Issues
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Key Issues 2024: Creating Accelerated Value in a Dynamic World

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Why Choice of Tech Service Providers Becomes More Strategic with Operations Platforms

Providers Need to Assist Carriers with Value Realization and Governance Mandates as They Move to Cloud
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How to Navigate the Huge Price Uplift of Microsoft 365 Copilot: Software Contract Negotiation Tips for Enterprises

What is the PEAK Matrix®?

The PEAK Matrix® provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.

LEARN MORE ABOUT Top Service Providers

5 Benefits Cloud BI Has over On-Premises Options | In the News

Business intelligence (BI) moving from on-premises to the cloud taps into operational improvements and benefits. Optimizing these tools creates a more customized, user-friendly experience.

Cloud BI, on the other hand, can integrate with other systems and modern cloud data warehouses, so it’s able to quickly ingest and process different kinds of data. This removes the data silos and enables teams to fetch data from all the different systems the organization uses, said Vishal Gupta, Vice President at Everest Group.

Read more in Tech Target.

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