Tag: IT

Indian IT Firms Face a Tough FY24 with All Round Pressure on Revenue & Margin | In the News

The Indian IT services industry has faced a tough financial year in FY24 with hope for a better fiscal year starting April 1. Tepid revenue growth rate, pressure on margin, low hiring, fall in headcount, disruption coming from generative AI, leadership changes at the top level, and sound deal pipeline characterized the ongoing financial year.

“Large deal pipelines are full, however, predicting the timing of their closing is becoming increasingly difficult,” Peter Bendor Samuel, CEO of Everest Group, told Bizz Buzz.

Read more in Bizz Buzz.

Slowdown in Global IT Space Bottoming Out? | In the News

Will the global IT services industry show signs of recovery in 2024? That’s a question to which every stakeholder is seeking answers. Experts say past trends indicate that after eight consecutive quarters of growth deceleration, recovery happens.

“We forecast one more quarter of deceleration, and then a modest uptick in demand. A fun fact is normally these declarations last eight quarters. We can see that large enterprises are talking about new initiatives. This is particularly the case in the largest industry sector, banking,” Peter Bendor Samuel, CEO of Everest Group, tells Bizz Buzz.

Read more in Bizz Buzz.

Analytics and Artificial Intelligence (AI) Services Specialists PEAK Matrix® Assessment 2024

Analytics and Artificial Intelligence (AI) Services Specialists

Amid the macroeconomic headlines, many enterprises seek a proven RoI track record before committing to investments in Analytics and AI. Additionally, a stringent regulatory environment is prompting enterprises to cautiously approach the adoption of generative AI. These enterprises are seeking assistance from analytics and AI services specialists to run pilot projects and scale up implementations. This demand is driving providers to invest in deepening their data, analytics and AI capabilities and expanding their industry knowledge.

Analytics and Artificial Intelligence (AI) Services Specialists

What is in this PEAK Matrix® Report

 In this report, we assess 26 analytics and AI services specialists featured on the Analytics and AI Services Specialists PEAK Matrix® 2024.
 

Contents: 

This report features detailed profiles of 26 analytics and AI services specialists and includes:

  • Everest Group’s PEAK Matrix® evaluation of analytics and AI service providers, categorizing them into Leaders, Major Contenders, and Aspirants
  • Providers’ key strengths and limitations

Scope:

  • Industry: data and analytics
  • Geography: global
  • The assessment is based on Everest Group’s annual RFI process for the calendar years 2022 and 2023 H1 (January-June), interactions with leading analytics and AI services specialists, client reference checks, and an ongoing analysis of the analytics and AI services market

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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.

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10 Best Practices When Partnering for Strategic Skills | In the News

With talent gaps growing, IT leaders are forging new partnerships centered on transformational skills. Knowing when, where, and how to do this right is only going to become more critical.

“Collaboration with external partners allows enterprises to enhance their IT prowess, drive innovation, and bridge skill gaps more effectively amid a swiftly evolving digital landscape,” says Arpita Dwivedi, Practice Director at Everest Group.

Read more in CIO.

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