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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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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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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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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Intro The IBM Empire has suffered from a decade or more of decay. In 2012, IBM stock was trading at over $200 per share, and in 2022, it is trading at somewhere around $120, which is a value loss of 40%. IBM Revenue at the end of 2011 was $106.916 Billion vs. the $57.351 Billion it is at the end of 2021. This is a loss of $49.565 Billion of revenue over the last 10 years, which represents a reduction of more than 46% of its customer receipts. With a current market value of $110.7 Billion, IBM is just a shadow of its former self, as its market value was worth $216.72 Billion 10 years ago. That's a $106.02 Billion loss of value, hemorrhaging ...
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BREAKING: The Mainframe is not dead. While smaller companies continue to get off the mainframe, it’s still too soon to write an obituary, as mid-sized businesses grew mainframe consumption from 5 to 15% and large enterprises grew from 15 to 20% in 2021. Recent analyst reports suggest that as much as half of the world’s information is still processed on the mainframe. The mainframe was a $2.3 Billion Industry in 2021, is expected to increase another 8% in 2022, and is projected to grow at a 3.2% CAGR from 2021-2029. Major hardware, software, and services companies that stand to benefit from this decade of mainframe market growth include Atos, ...
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Introduction Welcome back to our 4-part series on IT Services Contracts, where we continue to explore the growing need to review your IT Services contracts and plans for 2022. There is a lot of market activity in the early months of this year with IT Services Companies. There are four major reasons for spike in activity, and one of them is the disproportionate number of renewals we see in March, due in large part to the fiscal year ends of: TCS Infosys Wipro For this reason and more, we invite you to read our related article on this topic: The Top 4 Reasons Why NOW is the Time to review your IT Services Needs The industry forces outlined in ...
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Introduction Thank you for joining us again this week as we continue to explore the growing need to review your IT Services contracts and make your IT Services plans for 2022 in our 4-part series that runs from Monday – Thursday. Yesterday, we published a new original article: 1. Monday: The 4 Reasons Why NOW is the Time to review your IT Services Needs Today, we are publishing another new original article (Part 2 in our 4-part series): 2. Tuesday: The 8 Most Important Questions to Ask Yourself About Every IT Services Project Please come back tomorrow to check out our new original blog on our research of over 50 India-based IT Services ...
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Introduction Thank you for joining us as we explore the growing need to review your IT Services contracts and plans for 2022 in a 4-part series that will run from Monday – Thursday this week. During this time, we will publish 2 new original articles: 1. Monday: The 4 Reasons Why NOW is the Time to review your IT Services Needs 2. Tuesday: The 8 Most Important Questions to Ask Yourself About Every IT Services Project Followed by a new original blog on our research of over 50 India-based IT Services companies, where we will reveal our choice of the Top 10 firms, including highlighting who we think is #1 and why. 3. Wednesday: Top 10 ...
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Introduction Kyndryl is the new name for IBM’s managed infrastructure services business (what they refer to as IBM Global Technology Services), which spun out of IBM in November of 2021. Over the last 10+ years, IBM has fallen from a technology titan to a member of the walking dead, so how must Kyndryl feel about itself knowing that it is the discarded most unwanted stepchild of this unholy monster? Unlike Microsoft, IBM has proven unable to reinvent itself as a cloud company. IBM was very well positioned to become a big benefactor of the cloud revolution, and the explosion of the data center utility model, but IBM continues to suffer from a ...
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