Nearly a quarter of businesses are losing more than £100,000 a year to IT skills shortage

Nearly a quarter of IT decision-makers (22%) estimate IT skills shortages are costing their business more than £100,000 a year in recruitment fees, temporary staffing, increased salaries and investment in lower-level employees to bring them up to speed over time.

As the skills shortage worsens, over three-quarters of respondents polled (77%) say their organisation’s IT recruitment costs have increased over the past three years, and nearly half (45%) say costs have risen by more...

16 November 2023 | Banking & Finance

Hackathon bridges data gaps on climate change and migration

The International Organization for Migration (IOM) has hosted the first hackathon on 'Bridging Climate Change and Human Mobility', in collaboration with the data cloud company Snowflake, to provide insights on the intersection of environmental factors with migration management and policymaking in the East and Horn of Africa (EHoA).

The two-part hackathon brought together participants in London (October 6-7) and Nairobi (October 23-26) to explore data-driven solutions and improve...

7 November 2023 | Companies

40%+ of firms lose revenue from technology downtime and cloud complexity

55% of enterprises are struggling to derive meaningful insights from their data, highlighting an industry-wide need to deliver technology faster, more reliably and in more places, according to a survey by Hitachi Vantara, the modern infrastructure, data management and digital solutions subsidiary of Hitachi.

The survey revealed ongoing challenges related to security, inflexible systems, isolated data, a skilled labor shortage, and the need for infrastructure agility. These...

24 October 2023 | Banking & Finance

Global cloud comms revenue to grow at 18.3% CAGR over 2022-2027

Cloud communications is expected to witness a substantial growth over the next five years, as businesses are switching from legacy PBX solutions to cloud communications and opting for a pay-as-you-go model to optimise expenses and avoiding upfront investments.

Against this backdrop, the cloud communications market size is anticipated to grow at a compound annual growth rate of 18.3% from $78 billion in 2022 to $180.7 billion in 2027, forecasts GlobalData, a data and analytics...

9 October 2023 | Banking & Finance

Cloud infrastructure spending ticks over thanks to complex workloads and AI

Spending on compute and storage infrastructure products for cloud deployments went up almost 8% year on year for the second quarter of 2023 to $24.6 billion (£20.36bn), according to IDC.

The biggest winner among the categories was shared cloud infrastructure, for which spending grew 13.7% year on year to $17.9bn in the quarter, and has on its own surpassed non-cloud spending, with the latter declining 8.3% year-over-year in the most recent quarter, to $14.4bn. Shared cloud...

3 October 2023 | Infrastructure

2023 State of Tech in Biopharma report reveals tech strategies in era of data and AI 

An image depicting artificial intelligence.

Benchling has launched its inaugural 2023 State of Tech in Biopharma report, which has shed light on the obstacles that biopharma encounter when striving to fully implement and embrace these technologies. 

The report surveyed 300 R&D and IT experts from biopharma companies large and small to do a first-ever investigation into biopharma’s use of an enabling tech stack — consisting of robotics and automation, connected instruments, R&D data platforms, cloud-based...

21 September 2023 | Applications

Friction between finance and tech leaders prevents companies from controlling cloud spend

Vertice, an optimisation platform for SaaS and cloud spend, has unveiled the results of its global survey, 'The State of Cloud Cost Optimisation', which reveals that organisations are being held back from controlling their cloud spending and gaining ROI because of a lack of alignment between finance and tech leaders.

Amidst cloud costs rising by an average of 35% year on year, Vertice surveyed 600 senior finance and tech leaders in the US and UK and found that cutting cloud...

21 September 2023 | Applications

Mainframe modernisation driving $12bn+ cost savings for businesses

Kyndryl, an IT infrastructure services provider, has unveiled the findings of its inaugural global survey and analysis of the current and future state of mainframe modernisation for businesses. 

The survey among 500 business and IT leaders finds that most organisations are taking a hybrid approach to mainframe modernisation and collectively achieve $12.5B in cost savings.

In today´s competitive and fast-changing business...

18 September 2023 | Banking & Finance

Only 24% of enterprises know where cloud apps are and who has access

Identity orchestration company Strata Identity has announced the findings of its third annual State of Multi-Cloud Identity Report, conducted by Osterman Research.

The study surveyed 308 IT leaders and decision makers at North American organisations with annual revenues of US$100 million or more on their challenges and priorities for identity management in multi-cloud environments.

According to the report, the percentage of organisations using a single cloud identity...

4 September 2023 | Research

Businesses facing multi-cloud challenges ‘must consolidate to a single provider’

Businesses choosing to spread their operations across multiple cloud platforms are currently running into issues when it comes to efficiently extracting data and insights across their operations.

With 70% of businesses using different analytics platforms per cloud, operators are finding it more and more time-consuming when it comes to receiving insights due to the mass of data being stored in different clouds rather than being readily available. 

These findings...

17 July 2023 | Cloud Computing