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Cloud Cost Series (Part 1 of 3): Top 5 Price-Shock Phenomena of Cloud Costs

Thank you for joining us for this 3-part series on 2023 Cloud Costs, where we explore the Top 5 Price Shock Phenomenons of Cloud Costs, resulting in part from the Top 5 Workloads that are NOT Well Suited for the Cloud, and largely emanating from the Top 5 Reasons Why Clients Are Repatriating Cloud Workloads back to on-premises: Part 1: Top 5 Price Shock Phenomena of Cloud Costs Part 2: Top 5 Workloads that are NOT Well Suited for the Cloud Part 3: Top 5 Reasons Why Clients Are Repatriating Workloads Introduction In today’s installment, we’ll discuss the Top 5 Price Shock Phenomena of Cloud Costs. Price Shock is a phenomenon that occurs when ...

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Top 10 Ways to Save on Mainframe: Part 0 (BONUS!) of 10 Part Series

Preface: Thank you for joining us for this 10-part series to discuss the Top 10 Ways You can Save on your Mainframe Costs in 2023. If you can't wait for all 10 to come out, you can request the eBook here which has all 10 included. Nearly all Clients are Clamoring for Savings in 2023. This is largely due to (a) rising input costs, (b) softening business forecasts, and (c) continued economic headwinds. This has caused many clients to re-evaluate spending plans and implement new cost-cutting targets. IT is the Number One Cost Savings Category of the Modern Enterprise. IT is typically the highest indirect spend area for modern enterprises and is ...

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The Top 10 IT Services Companies for 2023

Introduction Many of you will remember last year’s very successful blog regarding the Top 10 India-Based IT Services Companies for 2022, where Mphasis was rated as the #1 overall performing “India-Based” IT Services Company. We decided to expand the focus this year beyond “India” to include the rest of the world, and while India remains a critical region for offshoring talent, and certainly India-based firms are disproportionately represented in the analysis, the India-based firms are also competing (and winning) head-to-head with the global elite, so there is no reason why we can’t measure them in the full context of the highest demands of ...

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Why March is the Time to Re-Do Your IT Services Agreements

Steven Zolman
Jan. 31,2023 | IBM IT Services

In 2022, we published a 4-part series on IT Services Contracts, which included: The Top 4 Reasons Why NOW is the Time to Review Your IT Services Needs The 8 Most Important Questions to Ask Yourself About Every IT Services Project The Top 10 India-Based IT Services Companies for 2022 (2023 Update Forthcoming) Our Top 25 Recommendations on How to Negotiate Best-in-Class IT Services Contracts March is generally the time of year that many clients review, renew, reconsider, and/or renegotiate their IT Services Agreements and for the most part, all the content from our previous 5-part blog series remains true today (with some updates for 2023 on ...

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The Top 5 Ways to Save on Kyndryl

As you may remember, in last year’s blog entitled: Time to Defuse Your Kyndryl Deal BEFORE it Detonates We illuminated a number of insights and outlined a number of recommendations to help clients disarm their Kyndryl deals before the ticking time bombs blew up in their faces. In the aftermath of the pandemic, many clients suffered from rising input costs and softening business forecasts, and when considering a somewhat gloomy macro-economic outlook and the expected coming headwinds, decided to cut back in discretionary areas of spend. In the process of canceling projects, delaying purchases, and making cuts in discretionary spending, many ...

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Healthcare Industry Financial Symptoms Worsen; but a Cure is Available

Healthcare is one-fifth of the US economy. Due to the shifting demographics related to aging baby boomers, Medicare and Medicaid patients now make up roughly half the patient population. Due to changing insurance payout structures, this population of patients now costs hospitals roughly 10% more to serve than they make, leaving the remaining patients to make up the difference -- plus providing enough operating margin to sustain all investments. In addition, of the 29 major industries we serve, Healthcare ranks 28th in IT Buying Efficiency, which is to say that Healthcare is the 2nd worst performing industry when it comes to technology ...

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NET(net) in the Private Equity Industry

Preface In 2007, NET(net) developed a program for Private Equity firms to improve the operational efficiencies of their portfolio companies by reducing IT costs with no diminution of business value. As our Private Equity partners went through the global financial crisis in 2008, they modified their approach to the capital markets, extending their holding horizons, and looked to make up the difference in missed returns with improved value (predicated on the operational efficiencies they created). No category performed as well as IT spend, and no partner performed as well as NET(net). In 2022, we see a similar situation as many of our clients ...

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You Don't Need Another (Super)Hero

At the forefront of a global recession, where business forecasts are softening, but input costs continue to increase, clients are thinking about ways they can lower the burden without damaging their businesses and are turning again towards IT cost reductions as the preferred strategy as cost savings often come with no diminution of business value. Read our recent article, “The #1 Thing CEOs Can Do to Prepare for the Global Recession” for more context. Increasingly, in the pursuit of IT Cost Savings, clients are looking for professional assistance to figure out how best to help them save. Our industry sub-segment of IT Cost Reduction ...

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CEOs: #1 Action to Protect Your Organization from the Looming Recession

In 2020, the world economy shrank by 4.3%. During this time, many organizations were in ‘emergency’ spending mode to enable their enterprises with ‘Work from Anywhere (WFA)’ features for remote access and edge computing which, in many cases, resulted in sub-optimized purchasing that has only worsened over time as costs continue to rise and business forecasts continue to slow. See our previous blogs on this topic: Like a Bad Hangover, Did You Wake Up in 2022 Budgeting Season and Wonder Where Your Money was Spent? Is ‘Overspend’ Culture Impeding Your Digital Transformation Just as the global economy seemed to be bouncing back from the negative ...

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NetSuite in The Modern Enterprise

Introduction Increasingly, we are seeing NetSuite encroach into the enterprise space. What was once thought of as a web-based mini-ERP for SMBs is now a serious platform contender for major organizations. NetSuite Customers Companies such as Accenture, Audi, Bearing Point, The Boston Globe, Ceridian, Cornerstone, Kronos, Nestlé, Siemens, SoftwareAG, Solar Winds, T-Mobile, Tableau, and Wells Fargo all use NetSuite. NetSuite claims to be the #1 Cloud-based ERP, offering a unified suite of web-based applications that encompasses HR, ERP, CRM, SCM, PSA, eCommerce, Marketing Automation, and Financials, among other areas. As a cloud-native ...

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