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IT budget shock: Global IT services firms continue to struggle

CIO

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. Tata Consultancy Services experienced its slowest profit growth since 2020 in the December quarter, and Infosys failed to meet its quarterly profit expectations. AI could necessitate retraining of internal staff to adapt to new technologies.

Budget 211
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Why Tomago Aluminium reversed course on its cloud journey

CIO

Tomago Aluminium is an industry giant in the Asia-Pacific region, and as IT superintendent, Dennis Moncrieff is responsible for leveraging the right technologies to make the process of producing aluminum more efficient. Then in 2020, Tomago moved its ERP system back on-prem — a decision that’s paying dividends. “We

Course 276
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Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts 

TechCrunch

This FTX business has wide reach : Tage reports on what happens to a young company that held some assets in FTX and now can’t access them due to, well, you know. Big Tech Inc. And with that, let’s dig in! The TechCrunch Top 3. Preparing for fintech’s second decade: 4 moves your firm must make now. You can sign up here.

Budget 236
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YC, Khosla-backed Atmos lands $12.5M to design custom dream homes

TechCrunch

Founded in 2018, San Francisco-based Atmos touts that with its tech, homebuyers are able to select land, design a home within their budget and approve the design using 3D tech. The company previously raised nearly $2 million in March 2020. million raised in Series A funding round led by Khosla Ventures.

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What the Digital Operational Resilience Act means for you

CIO

Every business in some form or another is looking to adopt and integrate emerging technologies—whether that’s artificial intelligence, hybrid cloud architectures, or advanced data analytics—to help achieve a competitive edge and reach key operational goals. We’re at a critical time for digital transformation. What is DORA?

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Black Friday 2020 E-commerce: What’s on the Mind of Consumers and Tech Teams?

xmatters

Legions of tech teams have frontline war stories about technical glitches when thousands of dollars were on the line. 2020 Black Friday and Cyber Monday E-c ommerce Trends Study . consumers and 300 e -c ommerce technology professionals at online r etail organizations of 1,000 employees or more.

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Cybersecurity Snapshot: CISOs See Budgets Tighten, as Cyberthreats Intensify

Tenable

After double-digit growth in the past two years, cybersecurity budgets expanded more modestly in 2023. 1 - Cybersecurity budgets grow, but less than in years past Cybersecurity teams on average saw an increase in their 2023 budgets, but the bump was much smaller than in previous years, as organizations across the board reined in IT spending.

Budget 79