GARTNER
Netskope crosses $500 million in subscription revenue, in no rush to go public
Chief executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.
Microsoft debuts 'Copilot+' PCs with AI features
At an event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what Microsoft calls "Copilot+" PCs, saying that it and a range of manufacturers would sell them, including Acer and Asustek Computer.
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
Indian banks to step up IT spends as regulatory scrutiny rises
Banks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%.
Apple unveils new AI-focused chip in iPad Pro upgrade
Apple introduces M4 chip in iPad Pro for AI tasks, focusing on AI integration. New iPad Air models with M2 chip. Analysts highlight importance of neural engine in Apple's latest products.
BITSoM secures 100% summer internship for Class of 2025
BITSoM, Mumbai, achieved full summer internship placement for its MBA class of 2023-25 with a median stipend of Rs 2 lakh from 55 companies. Top recruiters like Tata Sons, Aditya Birla Group, and Hindustan Unilever offered internships.
Double-digit growth seen in IT sector in 2025, 2026 and 2027: DD Mishra, Gartner
Gartner's DD Mishra anticipates AI-led growth in 2024-25, with CIOs relying on consulting services amid uncertainties. Crisis drives IT spending, while niche areas like midcap IT, ER&D, and automotive industry are expected to outperform. Mishra says: "We will see disruptions in the short term, but the long term outlook is positive."
View: AI needs to be kept under an IA eye
Gartner's report predicts that global end-user spending on security and risk management (SRM) is expected to rise by 14.3% in 2024, with security services being the largest area of total SRM end-user spending at 42%. The increasing adoption of AI by firms necessitates the security of AI systems from threats and vulnerabilities. Internal audit (IA) plays a crucial role in ensuring AI security controls are established and effective in mitigating risks.
Naveen Mishra on why Gartner is optimistic about worldwide IT spending guidance
Naveen Mishra from Gartner anticipates CIOs executing Gen AI strategy, leading to increased IT services spend. Service providers invest in servers, networks, and semiconductors. India headquartered services companies focus on talent strategy and GPUs for growth.
How zero-waste logistics can close the loop on sustainability
In recent years, sustainability has surged to the forefront of business priorities, marking a 292% increase since 2021, according to Gartner's CEO survey.
EVs will be cheaper to produce than gas-powered vehicles by 2027, Gartner says
Gartner expects production costs to drop considerably faster than the costs of batteries, which are the most expensive part of an EV and account for around 40% of the vehicle's price.
Security and risk management spending in India to increase 12.4% in 2024, says Gartner report
The expected increase comes at a time when organisations are ramping up security spending due to legacy IT modernisation using cloud technology, demand for digital platforms, updated regulatory environment and continuing remote/hybrid work.
Gartner sees almost 10% growth on IT services spending for next 2-3 years
“Every quarter, we revise our growth. I have been very closely observing the forecast which we have made and we see that around 10% growth on IT services spending, end user spending is going to happen. That is going to remain consistent for the next two to three years. So we see a very positive mood at this point in time from IT services.”
AI will disrupt the world like never before: Amitabh Kant
The former CEO of government’s public policy think tank NITI Aayog (National Institution for Transforming India) said that given the large data sets with us, India can achieve massive acceleration of growth with AI and and Generative AI and chief information officers (CIOs) of companies will have to drive this vision in businesses to be the transformational agent.
IT spending to return after 2023 dip, expect 10.7% jump: Gartner
Gartner predicts that despite GenAI being the strong buzzword, it will account for a small portion of IT spending through 2024 and only pick up in 2025.
View: Stay a step ahead of cybergangs
The cyber-threat universe has expanded with the convergence of IT and OT. This demands a holistic approach. Ideally, this could mean a unified platform addressing industrial protocols, multiple networks and infra segmentation levels, OT traffic inspection, intrusion alerts and cloud security. While upsides include enhanced and real-time data analytics to provide dynamic and actionable insights, greater speeds, adaptivity, productivity gains and fewer failures, integration with other emerging technologies, such as IoT, AI and ML, escalates cyber susceptibility to the next level.
2024 onwards, expect return to growth in IT; spending in IT services to be in double digits: DD Mishra, Gartner
“Whether you are in a crisis or whether you are having a good time at this point in time, technology is going to be the way forward to take you forward. So that is where I see that the organisations will change in order to leverage IT. Those who cannot change will have to find out something else.”
How Industry 4.0 is transforming the HR functions
In Industry 4.0, as automation and digitisation have started to upend many manual and routine tasks, HR has been encouraging the workforce to look at acquiring new skills relevant for new roles.
IT software and services are going to be two big underpinning drivers in next 2 years: Naveen Mishra
And then finally, the services area where for 2023, we made some adjustments but still we are saying it is about eight plus percentage point growth and moving into 12%, double digit growth for IT services.
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