Merger Strengthens End-to-End Cloud and Data Capabilities to Enable Organizations Along Their Data- Driven Digital Journeys NAPERVILLE, IL and PLEASANTON, CA – AUGUST 16, 2023 SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering […]
Thunder, a next generation Salesforce and Cloud consulting, implementation and managed services company, announced the closure of its Series A round. The round is led by new investor, Recognize, with existing investor, Salesforce Ventures, joining. “We’re thrilled to add Recognize, a committed partner for driven entrepreneurs building differentiated technology services companies, to our list of investors. […]
Investment Will Further Accelerate Growth and Drive Expansion of Service Offering and Global Delivery Capabilities SAN FRANCISCO – JULY 26, 2023 – MediaMint, a leading digital advertising operations service provider, announced today that Everstone Capital and Recognize have made a significant strategic investment in the Company. This marks the first institutional capital for MediaMint, which […]
NEW YORK–(BUSINESS WIRE)–Moove IT and December Labs, leading custom software and development providers with 26 years of combined expertise, today announced their merger to become Qubika, a global leader in digital transformation for enterprises.
Investment Enables B2B Marketing-as-a-Service Category Pioneer to Expand Capabilities that Transform Revenue Operating Models for Clients NEW YORK–(BUSINESS WIRE)–2X, a pioneer of the marketing-as-a-service (MaaS) solution for the business-to-business (“B2B”) sector, announced today that Recognize, a technology investment platform, made a significant strategic investment to continue catalyzing growth in the company. This is the first […]
August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]
America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).
Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners. Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.
Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]
Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]
Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]
Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.
Merger Strengthens End-to-End Cloud and Data Capabilities to Enable Organizations Along Their Data- Driven Digital Journeys NAPERVILLE, IL and PLEASANTON, CA – AUGUST 16, 2023 SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering […]
Thunder, a next generation Salesforce and Cloud consulting, implementation and managed services company, announced the closure of its Series A round. The round is led by new investor, Recognize, with existing investor, Salesforce Ventures, joining. “We’re thrilled to add Recognize, a committed partner for driven entrepreneurs building differentiated technology services companies, to our list of investors. […]
Respondents hold largely positive views when asked about the expected impact of AI on their organization over the next two years. The majority (46%) predict AI will lead to significant use cases that drive productivity. 24% foresee select use cases, albeit without a major impact. A significant portion (22%) expect a transformational impact from AI. […]
Our survey reveals that many organizations are contemplating developing their own proprietary large language models. A significant portion of respondents (42%) confirmed they plan to do so, while another 41% are still evaluating or considering this possibility. Only a fraction (7%) indicated they have yet to make plans to build their own proprietary large language […]
As for the usage of automated code generation tools, GPT Code Clippy is the leader, employed by 50% of developers. GitHub Copilots closely follow at 45%. Bard is used by 26% of developers, while CodeComplete and Code Whisperer are used by 21% and 19% of developers, respectively. SourceGraphy Codey and Replit Ghostwriter are adopted by […]
When asked about the main concerns related to accelerating the deployment of Generative AI, security tops the list, with 52% of organizations expressing this concern. Complexity is the second primary concern at 39%. The need for hardware resources and the potential for inaccurate results garnered 33% of responses. The impact on jobs and sourcing talent […]
When asked about their approach to Generative AI technologies such as ChatGPT and Bard, 43% of organizations report having already deployed them in an enterprise application or process. Meanwhile, 21% of respondents have individuals experimenting on their own. Prototyping for enterprise use and large projects underway account for 17% and 13%, respectively. Interestingly, only 4% […]
Regarding leveraging Gen AI products, our survey found that organizations using Gen AI products (82%) use ChatGPT most frequently. This is followed by Copy.ai at 29%, with open-source solutions close behind at 28%. Bard and Claude are utilized by 27% and 25% of respondents, respectively, while Jasper is used by 24%. Chatsonic, however, appears less […]
Generative Artificial Intelligence (GenAI) refers to algorithms that can generate new content. While OpenAI’s ChatGPT is perhaps the most recognized example, many companies are developing GenAI in various contexts, such as voice, video, images, and code. GenAI opens up new possibilities for rethinking the way we work. However, deep industry knowledge and proactive risk management […]
JPMorgan Chase & Co. has partnered with six Indian banks in India to settle interbank dollar transactions in a growing national commerce hub. Alongside HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, and JPMorgan’s unit, they will establish a blockchain-based platform that settles interbank dollar transactions. The existing system processes settlements in hours […]
Salesforce has introduced AI Cloud, a solution designed to enhance productivity across all Salesforce applications, catering specifically to enterprise needs. This innovative open platform seamlessly combines multiple Salesforce technologies, including Einstein, Data Cloud, Tableau, Flow, and MuleSoft, enabling real-time generative AI capabilities to optimize business operations. AI Cloud’s Einstein Trust Layer enhances trust in enterprise […]
June 13, 2023: Blockchain and artificial intelligence (AI) are two emerging technologies that have had a major impact over the last decade. At the Coinbase Machine Learning (ML) and Blockchain Summit, four leaders from academia and industry came together to explore the crossroads of these technologies and the future promise they hold. The panel outlined […]
Organizations waste or underutilize over 32% of their IT budgets, according to Flexera’s 2023 State of ITAM (IT Asset Management) report. Their report took place in March of 2023 and surveyed 500 technical professionals and executive leaders across the globe. The report states that organizations waste 36% of desktop software spend, 33% of data center […]
Oracle Plans to Provide Generative AI Services with Cohere Leading tech companies are all heavily investing in generative AI technologies. Google has invested $250 million into Anthropic, Microsoft has invested $10 billion in OpenAI, and most recently, Oracle has joined the race. Oracle announced its partnership with Cohere in June, only a week after participating […]
Google has introduced a new feature that utilizes AI to provide shoppers a virtual try-on experience, allowing them to visualize how clothing items would look on various models. The system enables users to select the “Try On” badge on Search and choose a model that closely matches their body type—addressing the common challenge faced by […]
IT leaders are uncertain about their organization’s ability to support AI’s growing use and demands. The 2023 Global Tech Trends Survey by Equinix reported that merely 58% of global IT leaders (68% in the Americas) feel “very comfortable” with their “organization’s infrastructure [and] team’s ability to accommodate AI’s growing use.” IT leaders reported worrying most […]
Databricks’ decision to acquire MosaicML addresses a challenging concern: developing LLMs for artificial intelligence(AI) at a lower cost point and with fewer compute resources. Mosaic helps organizations develop their LLMs based on corporate data, not publicly accessing content. The move by Databricks also helps lower the cost for organizations to create and utilize their own […]
Here’s something that might surprise you. Numerous U.S. government agencies, including the FBI, Department of Defense, and National Security Agency, are buying up personal information. This revelation, from a partially declassified report, shines a light on the scale and potential of the consumer data market. The report highlights the collection of various types of information […]
In a recent development, comedian Sarah Silverman has filed a lawsuit against OpenAI and Meta, formerly known as Facebook, alleging copyright infringement. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses the two tech giants of using her jokes without permission. Silverman’s legal team argues that OpenAI’s language model, […]
Investment Will Further Accelerate Growth and Drive Expansion of Service Offering and Global Delivery Capabilities SAN FRANCISCO – JULY 26, 2023 – MediaMint, a leading digital advertising operations service provider, announced today that Everstone Capital and Recognize have made a significant strategic investment in the Company. This marks the first institutional capital for MediaMint, which […]
NEW YORK–(BUSINESS WIRE)–Moove IT and December Labs, leading custom software and development providers with 26 years of combined expertise, today announced their merger to become Qubika, a global leader in digital transformation for enterprises.
Our survey also explored the location of offshore software developers used by organizations. India emerged as the most common location, with 17% of respondents, followed by Western Europe and Eastern Europe at 12%. Latin America accounted for 9%, while China held 6%. The Philippines and Vietnam had lower representation at 3% and 1%, respectively. Other […]
Regarding marketing automation or account-based marketing platform usage among organizations, our survey reveals that Salesforce Marketing Cloud dominates, with 52% of respondents utilizing it. HubSpot follows at 16%, and Oracle Eloqua captures 12%. Marketo and 6sense have lower adoption rates at 5% and 3%, respectively. 3% of participants use other marketing automation products, while 9% […]
We also delved into the primary cloud platform preferences among organizations. AWS Amazon leads the pack with 39% of respondents, followed by Azure Microsoft at 26% and Google Cloud at 19%. Oracle Cloud and IBM have smaller shares at 8% and 7%, respectively.
Regarding the adoption of ChatGPT within organizations, our survey results show a variety of approaches. 25% of respondents are prototyping ChatGPT for enterprise use, while 28% have already deployed it in an enterprise application or process—individuals experimenting on their own account for 24% of responses. However, 18% of organizations are not using ChatGPT at all, […]
NASSCOM highlights. – The Indian IT industry experienced a growth slowdown in FY23, with an 11.4% increase compared to 17% in FY22. A NASSCOM survey with IT CEOs suggests that growth in FY24 could be similar to or lower than in FY23 (11.4% CC and 9.4% USD). Furthermore, India’s IT sector added 290K employees in […]
The Hired 2023 State of Software Engineers report reveals key trends and insights in the tech industry. Insights include examining the most in-demand coding skills, with Python remaining the most in-demand programming language, followed by JavaScript and Java. Software engineering roles have shifted this year, showing an increased demand for blockchain and artificial intelligence (AI) […]
Uncertainty for Enterprise IT. – The temporary collapse of SVB went well beyond investor deposits and federal regulators. Challenging management and investment decisions and the rise in interest rates also contributed to the bank’s financial demise. The true impact of this event strikes at the core of technology innovation, including the capital, IPO funding, and […]
Google Cloud brings generative AI to developers. – Google has recently unveiled two sophisticated AI features for its cloud services, Vertex AI and Generative AI App Builder, intending to enhance the user experience for both Docs and Gmail. The Vertex AI feature provides users API access to Google’s extensive PaLM language model, which has numerous […]
CIO Deep Dive – After the layoffs in big tech throughout 2022 and early 2023, trends indicate a shift in focus towards efficiency in hiring, with big tech companies realigning their hiring strategies to pre-pandemic levels. In 2023 to date, it’s estimated that 485 companies laid off 138,000 workers, affecting various industries beyond IT. Despite […]
Microsoft’’s new Copilot for Office documents feels like the future. – Copilot, an AI-powered super assistant, can work across Office documents. Copilot can generate text, analyze data, and teach users new Office features. Some tricks the new assistant can do involve tasks such as setting up PivotTables in Excel, creating a graph, or helping you […]
The AI arms race is on. – As we enter the heat of the AI race of making anything and everything with AI, the question arises if racing to AI enablement is a good idea. AI experts are starting to worry about what they have created. AI could join the list of things that pose […]
Companies struggle to control cloud spending.– It is crucial for enterprises to revisit their cloud strategies, which may have been neglected during the initial rush to invest in cloud computing. A renewed focus on extracting value and improving cost management is necessary to ensure that cloud investments yield tangible business benefits. Optimization of cloud costs […]
GitHub Copilot X: The AI-powered developer experience. – GitHub has enhanced its Copilot system by integrating OpenAI’s GPT-4, introducing chat and voice support within Microsoft’s Visual Studio and Visual Studio Code. Expansion plans for JetBrains and Neovim are also in the pipeline. Copilot goes beyond auto complete and change recommendations by offering code explanations, bug […]
The post-modern data stack is coming. Are we ready? – The article discusses the evolving landscape of Data Engineering and how emerging trends, such as Zero-ETL, ChatGPT, and data product containers, are poised to shape its future. Zero-ETL: Aiming to disrupt data ingestion, Zero-ETL modifies the process by having cleaning and normalization performed directly by […]
Here are a few projects combining AI and blockchain for data security. – Over the past year, the rapid development of AI technology has led to a new wave of false news, falsified documents, and fake images becoming public. To fight against this rising tide, companies are using the immutable infrastructure of blockchain to offer […]
Oracle-owned Cerner announced the development of AI tools for the US Food and Drug Administration (FDA). – Cerner Enviza, an Oracle-owned company, has signed a new contract with the Food and Drug Administration (FDA). Their research will develop AI capabilities that help extract information from health records and contribute to understanding the effects of certain […]
Amazon is throwing its hat into the generative AI ring. – AWS joins the generative AI market with its release of Amazon Bedrock. Instead of creating its own AI platform, Bedrock allows AWS customers to tap into third-party AI models via an API. Amazon has partnered with AL21 Labs, Anthropic, and Stability AI. These projects […]
Companies using generative artificial intelligence could be putting confidential information at risk. – Team8, an Israel-based venture firm, reports that generative AI is putting corporate secrets, such as client information and intellectual property, at risk. These generative AI tools are vulnerable to data leaks, which could lead to lawsuits. In addition, any confidential information fed […]
Gartner forecasts cloud market growth and AI software boom – Gartner’s latest report forecasts that end-user spending on cloud services will grow by 21.7% in 2023. This percentage is higher than their October estimate, which predicted a growth rate of 20.7%. SaaS services are not the only cloud segment that Gartner forecasts to grow. IaaS […]
IBM’s Q1 2023 financial results revealed a modest 4.5% revenue growth, led by the software and consulting businesses. Despite a flat infrastructure revenue, the mainframe segment experienced a robust increase of over 10%. Compared to the previous year, core services such as platform, mainframe, and professional engagements showed stability, or single-digit growth. While consulting projects […]
Alphabet, Microsoft, Amazon, and Meta reported quarterly results, highlighting their focus on improving efficiency amidst growing economic concerns. A key investment area for these mega-cap tech companies is artificial intelligence (AI) and large language models (LLMs) like ChatGPT. Generative AI programs, which produce human-like outputs such as text, code, or images, demand significant amounts of […]
Investment Enables B2B Marketing-as-a-Service Category Pioneer to Expand Capabilities that Transform Revenue Operating Models for Clients NEW YORK–(BUSINESS WIRE)–2X, a pioneer of the marketing-as-a-service (MaaS) solution for the business-to-business (“B2B”) sector, announced today that Recognize, a technology investment platform, made a significant strategic investment to continue catalyzing growth in the company. This is the first […]
What was of strategic importance a year ago may no longer be a high priority due to changes in market conditions and company direction. 184 (70%) of the CIOs recognize Artificial Intelligence to be more important than the year before. However, only 11 (4%) consider artificial intelligence less critical.
These survey results show a continued shift towards remote work. Changes in tech layoffs may also negatively impact organizations wanting to promote a return to the office culture.
The varied plans for the mix of IT talent demonstrate organizations’ different approaches to meeting their technology needs. Some prioritize cost savings, and others focus on building internal expertise.
In the latest survey, 37% of organizations have reduced their IT budget, while 30% have yet to make any changes. 36% have postponed some projects under consideration, and 30% have utilized more contractors. Additionally, 21% of organizations have decreased their staff. These results demonstrate how organizations are navigating the slower economy, with some opting for […]
The trend in custom proprietary development of applications suggests a divided approach. While 23% of organizations are reducing custom development and relying more on commercial off-the-shelf software and SaaS, 46% are accelerating custom development in pursuing competitive differentiation. The remaining 31% report that their approach has remained unchanged. This disparity highlights organizations’ different priorities and […]
Recognize portfolio company, Ciklum, a global custom software engineering company, was recognized in the Niche Player Quadrant in the 2022 Gartner Magic Quadrant for Custom Software Development Services, worldwide – the first-ever for Gartner®. Combining technical expertise and deep sector knowledge, Ciklum is well-positioned to help organizations build differentiated, scalable, and compliant solutions delivered by […]
Microsoft is set to lay off 5% of its global workforce, joining other technology companies, including META, Amazon, and Salesforce.com, that have made similar announcements due to slow customer spending. This move comes ahead of the company’s upcoming earnings call, as post-pandemic customer spending remains challenging to forecast. Despite these challenges, Microsoft is pursuing strategic […]
During Oracle’s 2nd quarter, which ended in November, its cloud business grew by 48% to reach $3.8 billion. IaaS accounted for $1 billion in revenue, while SaaS revenue was $2.8 billion. This growth in cloud helped raise company revenues by 25% and will lead Oracle to invest $2.4 billion per quarter in this area. Oracle’s […]
2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, […]
Based on the December quarterly earnings of India’s IT service companies, demand for services is strong, but we can expect a slowdown. The Indian holiday period of the third quarter, which ended in December, is slow, but quarterly results showed strong growth. Most execs expect a slowdown due to delays in decisions, even if demand […]
MergeStat brings deep insights using SQL to query data sources used during the software building process. MergeStat is an open-source project moving to a product-based approach aimed at both a hosted and an enterprise-focused offering. The solution is from an experiment from 2020 that aimed to combine SQLite and Git, performing historical queries on code […]
This year is expected to be a slower time for tech IPOs to market. Many VCs and investors continue to review the 2022 IPOs to adjust to future valuations and financial expectations. 2022 saw the number of IPOs decreased by 88%, with proceeds down an incredible 95% compared to 2021, which saw several public listings […]
One growing trend beyond cloud computing is the rise of Edge computing to bring computing power as close as possible to the data sources. Edge data centers and interconnectivity are becoming important as the growth rate increases. Companies are starting to look for ‘Edge as a Service offering. Edge data centers efficiently meet the needs […]
In a recent article, CIO Dive asked six leading CIOs to offer their top enterprise technology predictions for 2023. According to the CIOs, persistent economic uncertainty will push technology into a defensive posture. Companies will take stock of their progress transitioning to the cloud and assess how to extract value from their investments. Inflationary pressures […]
The use of data is predicted to continue to evolve in numerous ways. Availability, scalability, and data-driven decision-making are highlighted as critical requirements. There is also an increasing need for data processing agreements and adherence to data residency regulations. Companies are seeking to consolidate and simplify their data while avoiding siloed pools. The year […]
Over half the CIOs are increasing their use of contractors to secure technology talent. The tech talent shortage has changed the calculus on how to source talent.
The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.
The migration to cloud has been a long journey but companies have made significant progress. About 71% of CIOs have at least 50% of their application workloads in the cloud.
Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities. The second most popular initiative was cloud migration. Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.
Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.
Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.
The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.
As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]
Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]
Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.
Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]
Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?
Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.
Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”
The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications
– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% – Q4 gross margin was 32.1%
August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]
America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).
Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners. Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.
Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.
Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.
Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]
Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]
Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]
Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]
Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]
Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.
Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.
Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.
Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]
Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]
Merger Strengthens End-to-End Cloud and Data Capabilities to Enable Organizations Along Their Data- Driven Digital Journeys NAPERVILLE, IL and PLEASANTON, CA – AUGUST 16, 2023 SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering […]
Thunder, a next generation Salesforce and Cloud consulting, implementation and managed services company, announced the closure of its Series A round. The round is led by new investor, Recognize, with existing investor, Salesforce Ventures, joining. “We’re thrilled to add Recognize, a committed partner for driven entrepreneurs building differentiated technology services companies, to our list of investors. […]
Respondents hold largely positive views when asked about the expected impact of AI on their organization over the next two years. The majority (46%) predict AI will lead to significant use cases that drive productivity. 24% foresee select use cases, albeit without a major impact. A significant portion (22%) expect a transformational impact from AI. […]
Our survey reveals that many organizations are contemplating developing their own proprietary large language models. A significant portion of respondents (42%) confirmed they plan to do so, while another 41% are still evaluating or considering this possibility. Only a fraction (7%) indicated they have yet to make plans to build their own proprietary large language […]
As for the usage of automated code generation tools, GPT Code Clippy is the leader, employed by 50% of developers. GitHub Copilots closely follow at 45%. Bard is used by 26% of developers, while CodeComplete and Code Whisperer are used by 21% and 19% of developers, respectively. SourceGraphy Codey and Replit Ghostwriter are adopted by […]
When asked about the main concerns related to accelerating the deployment of Generative AI, security tops the list, with 52% of organizations expressing this concern. Complexity is the second primary concern at 39%. The need for hardware resources and the potential for inaccurate results garnered 33% of responses. The impact on jobs and sourcing talent […]
When asked about their approach to Generative AI technologies such as ChatGPT and Bard, 43% of organizations report having already deployed them in an enterprise application or process. Meanwhile, 21% of respondents have individuals experimenting on their own. Prototyping for enterprise use and large projects underway account for 17% and 13%, respectively. Interestingly, only 4% […]
Regarding leveraging Gen AI products, our survey found that organizations using Gen AI products (82%) use ChatGPT most frequently. This is followed by Copy.ai at 29%, with open-source solutions close behind at 28%. Bard and Claude are utilized by 27% and 25% of respondents, respectively, while Jasper is used by 24%. Chatsonic, however, appears less […]
Generative Artificial Intelligence (GenAI) refers to algorithms that can generate new content. While OpenAI’s ChatGPT is perhaps the most recognized example, many companies are developing GenAI in various contexts, such as voice, video, images, and code. GenAI opens up new possibilities for rethinking the way we work. However, deep industry knowledge and proactive risk management […]
JPMorgan Chase & Co. has partnered with six Indian banks in India to settle interbank dollar transactions in a growing national commerce hub. Alongside HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, and JPMorgan’s unit, they will establish a blockchain-based platform that settles interbank dollar transactions. The existing system processes settlements in hours […]
Salesforce has introduced AI Cloud, a solution designed to enhance productivity across all Salesforce applications, catering specifically to enterprise needs. This innovative open platform seamlessly combines multiple Salesforce technologies, including Einstein, Data Cloud, Tableau, Flow, and MuleSoft, enabling real-time generative AI capabilities to optimize business operations. AI Cloud’s Einstein Trust Layer enhances trust in enterprise […]
June 13, 2023: Blockchain and artificial intelligence (AI) are two emerging technologies that have had a major impact over the last decade. At the Coinbase Machine Learning (ML) and Blockchain Summit, four leaders from academia and industry came together to explore the crossroads of these technologies and the future promise they hold. The panel outlined […]
Organizations waste or underutilize over 32% of their IT budgets, according to Flexera’s 2023 State of ITAM (IT Asset Management) report. Their report took place in March of 2023 and surveyed 500 technical professionals and executive leaders across the globe. The report states that organizations waste 36% of desktop software spend, 33% of data center […]
Oracle Plans to Provide Generative AI Services with Cohere Leading tech companies are all heavily investing in generative AI technologies. Google has invested $250 million into Anthropic, Microsoft has invested $10 billion in OpenAI, and most recently, Oracle has joined the race. Oracle announced its partnership with Cohere in June, only a week after participating […]
Google has introduced a new feature that utilizes AI to provide shoppers a virtual try-on experience, allowing them to visualize how clothing items would look on various models. The system enables users to select the “Try On” badge on Search and choose a model that closely matches their body type—addressing the common challenge faced by […]
IT leaders are uncertain about their organization’s ability to support AI’s growing use and demands. The 2023 Global Tech Trends Survey by Equinix reported that merely 58% of global IT leaders (68% in the Americas) feel “very comfortable” with their “organization’s infrastructure [and] team’s ability to accommodate AI’s growing use.” IT leaders reported worrying most […]
Databricks’ decision to acquire MosaicML addresses a challenging concern: developing LLMs for artificial intelligence(AI) at a lower cost point and with fewer compute resources. Mosaic helps organizations develop their LLMs based on corporate data, not publicly accessing content. The move by Databricks also helps lower the cost for organizations to create and utilize their own […]
Here’s something that might surprise you. Numerous U.S. government agencies, including the FBI, Department of Defense, and National Security Agency, are buying up personal information. This revelation, from a partially declassified report, shines a light on the scale and potential of the consumer data market. The report highlights the collection of various types of information […]
In a recent development, comedian Sarah Silverman has filed a lawsuit against OpenAI and Meta, formerly known as Facebook, alleging copyright infringement. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses the two tech giants of using her jokes without permission. Silverman’s legal team argues that OpenAI’s language model, […]
Investment Will Further Accelerate Growth and Drive Expansion of Service Offering and Global Delivery Capabilities SAN FRANCISCO – JULY 26, 2023 – MediaMint, a leading digital advertising operations service provider, announced today that Everstone Capital and Recognize have made a significant strategic investment in the Company. This marks the first institutional capital for MediaMint, which […]
NEW YORK–(BUSINESS WIRE)–Moove IT and December Labs, leading custom software and development providers with 26 years of combined expertise, today announced their merger to become Qubika, a global leader in digital transformation for enterprises.
Our survey also explored the location of offshore software developers used by organizations. India emerged as the most common location, with 17% of respondents, followed by Western Europe and Eastern Europe at 12%. Latin America accounted for 9%, while China held 6%. The Philippines and Vietnam had lower representation at 3% and 1%, respectively. Other […]
Regarding marketing automation or account-based marketing platform usage among organizations, our survey reveals that Salesforce Marketing Cloud dominates, with 52% of respondents utilizing it. HubSpot follows at 16%, and Oracle Eloqua captures 12%. Marketo and 6sense have lower adoption rates at 5% and 3%, respectively. 3% of participants use other marketing automation products, while 9% […]
We also delved into the primary cloud platform preferences among organizations. AWS Amazon leads the pack with 39% of respondents, followed by Azure Microsoft at 26% and Google Cloud at 19%. Oracle Cloud and IBM have smaller shares at 8% and 7%, respectively.
Regarding the adoption of ChatGPT within organizations, our survey results show a variety of approaches. 25% of respondents are prototyping ChatGPT for enterprise use, while 28% have already deployed it in an enterprise application or process—individuals experimenting on their own account for 24% of responses. However, 18% of organizations are not using ChatGPT at all, […]
NASSCOM highlights. – The Indian IT industry experienced a growth slowdown in FY23, with an 11.4% increase compared to 17% in FY22. A NASSCOM survey with IT CEOs suggests that growth in FY24 could be similar to or lower than in FY23 (11.4% CC and 9.4% USD). Furthermore, India’s IT sector added 290K employees in […]
The Hired 2023 State of Software Engineers report reveals key trends and insights in the tech industry. Insights include examining the most in-demand coding skills, with Python remaining the most in-demand programming language, followed by JavaScript and Java. Software engineering roles have shifted this year, showing an increased demand for blockchain and artificial intelligence (AI) […]
Uncertainty for Enterprise IT. – The temporary collapse of SVB went well beyond investor deposits and federal regulators. Challenging management and investment decisions and the rise in interest rates also contributed to the bank’s financial demise. The true impact of this event strikes at the core of technology innovation, including the capital, IPO funding, and […]
Google Cloud brings generative AI to developers. – Google has recently unveiled two sophisticated AI features for its cloud services, Vertex AI and Generative AI App Builder, intending to enhance the user experience for both Docs and Gmail. The Vertex AI feature provides users API access to Google’s extensive PaLM language model, which has numerous […]
CIO Deep Dive – After the layoffs in big tech throughout 2022 and early 2023, trends indicate a shift in focus towards efficiency in hiring, with big tech companies realigning their hiring strategies to pre-pandemic levels. In 2023 to date, it’s estimated that 485 companies laid off 138,000 workers, affecting various industries beyond IT. Despite […]
Microsoft’’s new Copilot for Office documents feels like the future. – Copilot, an AI-powered super assistant, can work across Office documents. Copilot can generate text, analyze data, and teach users new Office features. Some tricks the new assistant can do involve tasks such as setting up PivotTables in Excel, creating a graph, or helping you […]
The AI arms race is on. – As we enter the heat of the AI race of making anything and everything with AI, the question arises if racing to AI enablement is a good idea. AI experts are starting to worry about what they have created. AI could join the list of things that pose […]
Companies struggle to control cloud spending.– It is crucial for enterprises to revisit their cloud strategies, which may have been neglected during the initial rush to invest in cloud computing. A renewed focus on extracting value and improving cost management is necessary to ensure that cloud investments yield tangible business benefits. Optimization of cloud costs […]
GitHub Copilot X: The AI-powered developer experience. – GitHub has enhanced its Copilot system by integrating OpenAI’s GPT-4, introducing chat and voice support within Microsoft’s Visual Studio and Visual Studio Code. Expansion plans for JetBrains and Neovim are also in the pipeline. Copilot goes beyond auto complete and change recommendations by offering code explanations, bug […]
The post-modern data stack is coming. Are we ready? – The article discusses the evolving landscape of Data Engineering and how emerging trends, such as Zero-ETL, ChatGPT, and data product containers, are poised to shape its future. Zero-ETL: Aiming to disrupt data ingestion, Zero-ETL modifies the process by having cleaning and normalization performed directly by […]
Here are a few projects combining AI and blockchain for data security. – Over the past year, the rapid development of AI technology has led to a new wave of false news, falsified documents, and fake images becoming public. To fight against this rising tide, companies are using the immutable infrastructure of blockchain to offer […]
Oracle-owned Cerner announced the development of AI tools for the US Food and Drug Administration (FDA). – Cerner Enviza, an Oracle-owned company, has signed a new contract with the Food and Drug Administration (FDA). Their research will develop AI capabilities that help extract information from health records and contribute to understanding the effects of certain […]
Amazon is throwing its hat into the generative AI ring. – AWS joins the generative AI market with its release of Amazon Bedrock. Instead of creating its own AI platform, Bedrock allows AWS customers to tap into third-party AI models via an API. Amazon has partnered with AL21 Labs, Anthropic, and Stability AI. These projects […]
Companies using generative artificial intelligence could be putting confidential information at risk. – Team8, an Israel-based venture firm, reports that generative AI is putting corporate secrets, such as client information and intellectual property, at risk. These generative AI tools are vulnerable to data leaks, which could lead to lawsuits. In addition, any confidential information fed […]
Gartner forecasts cloud market growth and AI software boom – Gartner’s latest report forecasts that end-user spending on cloud services will grow by 21.7% in 2023. This percentage is higher than their October estimate, which predicted a growth rate of 20.7%. SaaS services are not the only cloud segment that Gartner forecasts to grow. IaaS […]
IBM’s Q1 2023 financial results revealed a modest 4.5% revenue growth, led by the software and consulting businesses. Despite a flat infrastructure revenue, the mainframe segment experienced a robust increase of over 10%. Compared to the previous year, core services such as platform, mainframe, and professional engagements showed stability, or single-digit growth. While consulting projects […]
Alphabet, Microsoft, Amazon, and Meta reported quarterly results, highlighting their focus on improving efficiency amidst growing economic concerns. A key investment area for these mega-cap tech companies is artificial intelligence (AI) and large language models (LLMs) like ChatGPT. Generative AI programs, which produce human-like outputs such as text, code, or images, demand significant amounts of […]
Investment Enables B2B Marketing-as-a-Service Category Pioneer to Expand Capabilities that Transform Revenue Operating Models for Clients NEW YORK–(BUSINESS WIRE)–2X, a pioneer of the marketing-as-a-service (MaaS) solution for the business-to-business (“B2B”) sector, announced today that Recognize, a technology investment platform, made a significant strategic investment to continue catalyzing growth in the company. This is the first […]
What was of strategic importance a year ago may no longer be a high priority due to changes in market conditions and company direction. 184 (70%) of the CIOs recognize Artificial Intelligence to be more important than the year before. However, only 11 (4%) consider artificial intelligence less critical.
These survey results show a continued shift towards remote work. Changes in tech layoffs may also negatively impact organizations wanting to promote a return to the office culture.
The varied plans for the mix of IT talent demonstrate organizations’ different approaches to meeting their technology needs. Some prioritize cost savings, and others focus on building internal expertise.
In the latest survey, 37% of organizations have reduced their IT budget, while 30% have yet to make any changes. 36% have postponed some projects under consideration, and 30% have utilized more contractors. Additionally, 21% of organizations have decreased their staff. These results demonstrate how organizations are navigating the slower economy, with some opting for […]
The trend in custom proprietary development of applications suggests a divided approach. While 23% of organizations are reducing custom development and relying more on commercial off-the-shelf software and SaaS, 46% are accelerating custom development in pursuing competitive differentiation. The remaining 31% report that their approach has remained unchanged. This disparity highlights organizations’ different priorities and […]
Recognize portfolio company, Ciklum, a global custom software engineering company, was recognized in the Niche Player Quadrant in the 2022 Gartner Magic Quadrant for Custom Software Development Services, worldwide – the first-ever for Gartner®. Combining technical expertise and deep sector knowledge, Ciklum is well-positioned to help organizations build differentiated, scalable, and compliant solutions delivered by […]
Microsoft is set to lay off 5% of its global workforce, joining other technology companies, including META, Amazon, and Salesforce.com, that have made similar announcements due to slow customer spending. This move comes ahead of the company’s upcoming earnings call, as post-pandemic customer spending remains challenging to forecast. Despite these challenges, Microsoft is pursuing strategic […]
During Oracle’s 2nd quarter, which ended in November, its cloud business grew by 48% to reach $3.8 billion. IaaS accounted for $1 billion in revenue, while SaaS revenue was $2.8 billion. This growth in cloud helped raise company revenues by 25% and will lead Oracle to invest $2.4 billion per quarter in this area. Oracle’s […]
2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, […]
Based on the December quarterly earnings of India’s IT service companies, demand for services is strong, but we can expect a slowdown. The Indian holiday period of the third quarter, which ended in December, is slow, but quarterly results showed strong growth. Most execs expect a slowdown due to delays in decisions, even if demand […]
MergeStat brings deep insights using SQL to query data sources used during the software building process. MergeStat is an open-source project moving to a product-based approach aimed at both a hosted and an enterprise-focused offering. The solution is from an experiment from 2020 that aimed to combine SQLite and Git, performing historical queries on code […]
This year is expected to be a slower time for tech IPOs to market. Many VCs and investors continue to review the 2022 IPOs to adjust to future valuations and financial expectations. 2022 saw the number of IPOs decreased by 88%, with proceeds down an incredible 95% compared to 2021, which saw several public listings […]
One growing trend beyond cloud computing is the rise of Edge computing to bring computing power as close as possible to the data sources. Edge data centers and interconnectivity are becoming important as the growth rate increases. Companies are starting to look for ‘Edge as a Service offering. Edge data centers efficiently meet the needs […]
In a recent article, CIO Dive asked six leading CIOs to offer their top enterprise technology predictions for 2023. According to the CIOs, persistent economic uncertainty will push technology into a defensive posture. Companies will take stock of their progress transitioning to the cloud and assess how to extract value from their investments. Inflationary pressures […]
The use of data is predicted to continue to evolve in numerous ways. Availability, scalability, and data-driven decision-making are highlighted as critical requirements. There is also an increasing need for data processing agreements and adherence to data residency regulations. Companies are seeking to consolidate and simplify their data while avoiding siloed pools. The year […]
Over half the CIOs are increasing their use of contractors to secure technology talent. The tech talent shortage has changed the calculus on how to source talent.
The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.
The migration to cloud has been a long journey but companies have made significant progress. About 71% of CIOs have at least 50% of their application workloads in the cloud.
Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities. The second most popular initiative was cloud migration. Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.
Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.
Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.
The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.
As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]
Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]
Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.
Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]
Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?
Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.
Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”
The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications
– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% – Q4 gross margin was 32.1%
August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]
America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).
Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners. Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.
Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.
Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.
Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]
Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]
Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]
Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]
Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]
Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.
Respondents hold largely positive views when asked about the expected impact of AI on their organization over the next two years. The majority (46%) predict AI will lead to significant use cases that drive productivity. 24% foresee select use cases, albeit without a major impact. A significant portion (22%) expect a transformational impact from AI. […]
Our survey reveals that many organizations are contemplating developing their own proprietary large language models. A significant portion of respondents (42%) confirmed they plan to do so, while another 41% are still evaluating or considering this possibility. Only a fraction (7%) indicated they have yet to make plans to build their own proprietary large language […]
As for the usage of automated code generation tools, GPT Code Clippy is the leader, employed by 50% of developers. GitHub Copilots closely follow at 45%. Bard is used by 26% of developers, while CodeComplete and Code Whisperer are used by 21% and 19% of developers, respectively. SourceGraphy Codey and Replit Ghostwriter are adopted by […]
When asked about the main concerns related to accelerating the deployment of Generative AI, security tops the list, with 52% of organizations expressing this concern. Complexity is the second primary concern at 39%. The need for hardware resources and the potential for inaccurate results garnered 33% of responses. The impact on jobs and sourcing talent […]
When asked about their approach to Generative AI technologies such as ChatGPT and Bard, 43% of organizations report having already deployed them in an enterprise application or process. Meanwhile, 21% of respondents have individuals experimenting on their own. Prototyping for enterprise use and large projects underway account for 17% and 13%, respectively. Interestingly, only 4% […]
Regarding leveraging Gen AI products, our survey found that organizations using Gen AI products (82%) use ChatGPT most frequently. This is followed by Copy.ai at 29%, with open-source solutions close behind at 28%. Bard and Claude are utilized by 27% and 25% of respondents, respectively, while Jasper is used by 24%. Chatsonic, however, appears less […]
Generative Artificial Intelligence (GenAI) refers to algorithms that can generate new content. While OpenAI’s ChatGPT is perhaps the most recognized example, many companies are developing GenAI in various contexts, such as voice, video, images, and code. GenAI opens up new possibilities for rethinking the way we work. However, deep industry knowledge and proactive risk management […]
JPMorgan Chase & Co. has partnered with six Indian banks in India to settle interbank dollar transactions in a growing national commerce hub. Alongside HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, and JPMorgan’s unit, they will establish a blockchain-based platform that settles interbank dollar transactions. The existing system processes settlements in hours […]
Salesforce has introduced AI Cloud, a solution designed to enhance productivity across all Salesforce applications, catering specifically to enterprise needs. This innovative open platform seamlessly combines multiple Salesforce technologies, including Einstein, Data Cloud, Tableau, Flow, and MuleSoft, enabling real-time generative AI capabilities to optimize business operations. AI Cloud’s Einstein Trust Layer enhances trust in enterprise […]
June 13, 2023: Blockchain and artificial intelligence (AI) are two emerging technologies that have had a major impact over the last decade. At the Coinbase Machine Learning (ML) and Blockchain Summit, four leaders from academia and industry came together to explore the crossroads of these technologies and the future promise they hold. The panel outlined […]
Organizations waste or underutilize over 32% of their IT budgets, according to Flexera’s 2023 State of ITAM (IT Asset Management) report. Their report took place in March of 2023 and surveyed 500 technical professionals and executive leaders across the globe. The report states that organizations waste 36% of desktop software spend, 33% of data center […]
Oracle Plans to Provide Generative AI Services with Cohere Leading tech companies are all heavily investing in generative AI technologies. Google has invested $250 million into Anthropic, Microsoft has invested $10 billion in OpenAI, and most recently, Oracle has joined the race. Oracle announced its partnership with Cohere in June, only a week after participating […]
Google has introduced a new feature that utilizes AI to provide shoppers a virtual try-on experience, allowing them to visualize how clothing items would look on various models. The system enables users to select the “Try On” badge on Search and choose a model that closely matches their body type—addressing the common challenge faced by […]
IT leaders are uncertain about their organization’s ability to support AI’s growing use and demands. The 2023 Global Tech Trends Survey by Equinix reported that merely 58% of global IT leaders (68% in the Americas) feel “very comfortable” with their “organization’s infrastructure [and] team’s ability to accommodate AI’s growing use.” IT leaders reported worrying most […]
Databricks’ decision to acquire MosaicML addresses a challenging concern: developing LLMs for artificial intelligence(AI) at a lower cost point and with fewer compute resources. Mosaic helps organizations develop their LLMs based on corporate data, not publicly accessing content. The move by Databricks also helps lower the cost for organizations to create and utilize their own […]
Here’s something that might surprise you. Numerous U.S. government agencies, including the FBI, Department of Defense, and National Security Agency, are buying up personal information. This revelation, from a partially declassified report, shines a light on the scale and potential of the consumer data market. The report highlights the collection of various types of information […]
In a recent development, comedian Sarah Silverman has filed a lawsuit against OpenAI and Meta, formerly known as Facebook, alleging copyright infringement. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses the two tech giants of using her jokes without permission. Silverman’s legal team argues that OpenAI’s language model, […]
Our survey also explored the location of offshore software developers used by organizations. India emerged as the most common location, with 17% of respondents, followed by Western Europe and Eastern Europe at 12%. Latin America accounted for 9%, while China held 6%. The Philippines and Vietnam had lower representation at 3% and 1%, respectively. Other […]
Regarding marketing automation or account-based marketing platform usage among organizations, our survey reveals that Salesforce Marketing Cloud dominates, with 52% of respondents utilizing it. HubSpot follows at 16%, and Oracle Eloqua captures 12%. Marketo and 6sense have lower adoption rates at 5% and 3%, respectively. 3% of participants use other marketing automation products, while 9% […]
We also delved into the primary cloud platform preferences among organizations. AWS Amazon leads the pack with 39% of respondents, followed by Azure Microsoft at 26% and Google Cloud at 19%. Oracle Cloud and IBM have smaller shares at 8% and 7%, respectively.
Regarding the adoption of ChatGPT within organizations, our survey results show a variety of approaches. 25% of respondents are prototyping ChatGPT for enterprise use, while 28% have already deployed it in an enterprise application or process—individuals experimenting on their own account for 24% of responses. However, 18% of organizations are not using ChatGPT at all, […]
NASSCOM highlights. – The Indian IT industry experienced a growth slowdown in FY23, with an 11.4% increase compared to 17% in FY22. A NASSCOM survey with IT CEOs suggests that growth in FY24 could be similar to or lower than in FY23 (11.4% CC and 9.4% USD). Furthermore, India’s IT sector added 290K employees in […]
The Hired 2023 State of Software Engineers report reveals key trends and insights in the tech industry. Insights include examining the most in-demand coding skills, with Python remaining the most in-demand programming language, followed by JavaScript and Java. Software engineering roles have shifted this year, showing an increased demand for blockchain and artificial intelligence (AI) […]
Uncertainty for Enterprise IT. – The temporary collapse of SVB went well beyond investor deposits and federal regulators. Challenging management and investment decisions and the rise in interest rates also contributed to the bank’s financial demise. The true impact of this event strikes at the core of technology innovation, including the capital, IPO funding, and […]
Google Cloud brings generative AI to developers. – Google has recently unveiled two sophisticated AI features for its cloud services, Vertex AI and Generative AI App Builder, intending to enhance the user experience for both Docs and Gmail. The Vertex AI feature provides users API access to Google’s extensive PaLM language model, which has numerous […]
CIO Deep Dive – After the layoffs in big tech throughout 2022 and early 2023, trends indicate a shift in focus towards efficiency in hiring, with big tech companies realigning their hiring strategies to pre-pandemic levels. In 2023 to date, it’s estimated that 485 companies laid off 138,000 workers, affecting various industries beyond IT. Despite […]
Microsoft’’s new Copilot for Office documents feels like the future. – Copilot, an AI-powered super assistant, can work across Office documents. Copilot can generate text, analyze data, and teach users new Office features. Some tricks the new assistant can do involve tasks such as setting up PivotTables in Excel, creating a graph, or helping you […]
The AI arms race is on. – As we enter the heat of the AI race of making anything and everything with AI, the question arises if racing to AI enablement is a good idea. AI experts are starting to worry about what they have created. AI could join the list of things that pose […]
Companies struggle to control cloud spending.– It is crucial for enterprises to revisit their cloud strategies, which may have been neglected during the initial rush to invest in cloud computing. A renewed focus on extracting value and improving cost management is necessary to ensure that cloud investments yield tangible business benefits. Optimization of cloud costs […]
GitHub Copilot X: The AI-powered developer experience. – GitHub has enhanced its Copilot system by integrating OpenAI’s GPT-4, introducing chat and voice support within Microsoft’s Visual Studio and Visual Studio Code. Expansion plans for JetBrains and Neovim are also in the pipeline. Copilot goes beyond auto complete and change recommendations by offering code explanations, bug […]
The post-modern data stack is coming. Are we ready? – The article discusses the evolving landscape of Data Engineering and how emerging trends, such as Zero-ETL, ChatGPT, and data product containers, are poised to shape its future. Zero-ETL: Aiming to disrupt data ingestion, Zero-ETL modifies the process by having cleaning and normalization performed directly by […]
Here are a few projects combining AI and blockchain for data security. – Over the past year, the rapid development of AI technology has led to a new wave of false news, falsified documents, and fake images becoming public. To fight against this rising tide, companies are using the immutable infrastructure of blockchain to offer […]
Oracle-owned Cerner announced the development of AI tools for the US Food and Drug Administration (FDA). – Cerner Enviza, an Oracle-owned company, has signed a new contract with the Food and Drug Administration (FDA). Their research will develop AI capabilities that help extract information from health records and contribute to understanding the effects of certain […]
Amazon is throwing its hat into the generative AI ring. – AWS joins the generative AI market with its release of Amazon Bedrock. Instead of creating its own AI platform, Bedrock allows AWS customers to tap into third-party AI models via an API. Amazon has partnered with AL21 Labs, Anthropic, and Stability AI. These projects […]
Companies using generative artificial intelligence could be putting confidential information at risk. – Team8, an Israel-based venture firm, reports that generative AI is putting corporate secrets, such as client information and intellectual property, at risk. These generative AI tools are vulnerable to data leaks, which could lead to lawsuits. In addition, any confidential information fed […]
Gartner forecasts cloud market growth and AI software boom – Gartner’s latest report forecasts that end-user spending on cloud services will grow by 21.7% in 2023. This percentage is higher than their October estimate, which predicted a growth rate of 20.7%. SaaS services are not the only cloud segment that Gartner forecasts to grow. IaaS […]
IBM’s Q1 2023 financial results revealed a modest 4.5% revenue growth, led by the software and consulting businesses. Despite a flat infrastructure revenue, the mainframe segment experienced a robust increase of over 10%. Compared to the previous year, core services such as platform, mainframe, and professional engagements showed stability, or single-digit growth. While consulting projects […]
Alphabet, Microsoft, Amazon, and Meta reported quarterly results, highlighting their focus on improving efficiency amidst growing economic concerns. A key investment area for these mega-cap tech companies is artificial intelligence (AI) and large language models (LLMs) like ChatGPT. Generative AI programs, which produce human-like outputs such as text, code, or images, demand significant amounts of […]
What was of strategic importance a year ago may no longer be a high priority due to changes in market conditions and company direction. 184 (70%) of the CIOs recognize Artificial Intelligence to be more important than the year before. However, only 11 (4%) consider artificial intelligence less critical.
These survey results show a continued shift towards remote work. Changes in tech layoffs may also negatively impact organizations wanting to promote a return to the office culture.
The varied plans for the mix of IT talent demonstrate organizations’ different approaches to meeting their technology needs. Some prioritize cost savings, and others focus on building internal expertise.
In the latest survey, 37% of organizations have reduced their IT budget, while 30% have yet to make any changes. 36% have postponed some projects under consideration, and 30% have utilized more contractors. Additionally, 21% of organizations have decreased their staff. These results demonstrate how organizations are navigating the slower economy, with some opting for […]
The trend in custom proprietary development of applications suggests a divided approach. While 23% of organizations are reducing custom development and relying more on commercial off-the-shelf software and SaaS, 46% are accelerating custom development in pursuing competitive differentiation. The remaining 31% report that their approach has remained unchanged. This disparity highlights organizations’ different priorities and […]
Recognize portfolio company, Ciklum, a global custom software engineering company, was recognized in the Niche Player Quadrant in the 2022 Gartner Magic Quadrant for Custom Software Development Services, worldwide – the first-ever for Gartner®. Combining technical expertise and deep sector knowledge, Ciklum is well-positioned to help organizations build differentiated, scalable, and compliant solutions delivered by […]
Microsoft is set to lay off 5% of its global workforce, joining other technology companies, including META, Amazon, and Salesforce.com, that have made similar announcements due to slow customer spending. This move comes ahead of the company’s upcoming earnings call, as post-pandemic customer spending remains challenging to forecast. Despite these challenges, Microsoft is pursuing strategic […]
During Oracle’s 2nd quarter, which ended in November, its cloud business grew by 48% to reach $3.8 billion. IaaS accounted for $1 billion in revenue, while SaaS revenue was $2.8 billion. This growth in cloud helped raise company revenues by 25% and will lead Oracle to invest $2.4 billion per quarter in this area. Oracle’s […]
2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, […]
Based on the December quarterly earnings of India’s IT service companies, demand for services is strong, but we can expect a slowdown. The Indian holiday period of the third quarter, which ended in December, is slow, but quarterly results showed strong growth. Most execs expect a slowdown due to delays in decisions, even if demand […]
MergeStat brings deep insights using SQL to query data sources used during the software building process. MergeStat is an open-source project moving to a product-based approach aimed at both a hosted and an enterprise-focused offering. The solution is from an experiment from 2020 that aimed to combine SQLite and Git, performing historical queries on code […]
This year is expected to be a slower time for tech IPOs to market. Many VCs and investors continue to review the 2022 IPOs to adjust to future valuations and financial expectations. 2022 saw the number of IPOs decreased by 88%, with proceeds down an incredible 95% compared to 2021, which saw several public listings […]
One growing trend beyond cloud computing is the rise of Edge computing to bring computing power as close as possible to the data sources. Edge data centers and interconnectivity are becoming important as the growth rate increases. Companies are starting to look for ‘Edge as a Service offering. Edge data centers efficiently meet the needs […]
In a recent article, CIO Dive asked six leading CIOs to offer their top enterprise technology predictions for 2023. According to the CIOs, persistent economic uncertainty will push technology into a defensive posture. Companies will take stock of their progress transitioning to the cloud and assess how to extract value from their investments. Inflationary pressures […]
The use of data is predicted to continue to evolve in numerous ways. Availability, scalability, and data-driven decision-making are highlighted as critical requirements. There is also an increasing need for data processing agreements and adherence to data residency regulations. Companies are seeking to consolidate and simplify their data while avoiding siloed pools. The year […]
Over half the CIOs are increasing their use of contractors to secure technology talent. The tech talent shortage has changed the calculus on how to source talent.
The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.
The migration to cloud has been a long journey but companies have made significant progress. About 71% of CIOs have at least 50% of their application workloads in the cloud.
Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities. The second most popular initiative was cloud migration. Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.
Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.
Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.
The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.
As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]
Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]
Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.
Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]
Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?
Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.
Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”
The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications
– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% – Q4 gross margin was 32.1%
Merger Strengthens End-to-End Cloud and Data Capabilities to Enable Organizations Along Their Data- Driven Digital Journeys NAPERVILLE, IL and PLEASANTON, CA – AUGUST 16, 2023 SpringML, a technology services company with leading cloud, data engineering, analytics and artificial intelligence (AI) capabilities, today announced its merger with Egen, a cloud migration, application modernization and platform engineering […]
Thunder, a next generation Salesforce and Cloud consulting, implementation and managed services company, announced the closure of its Series A round. The round is led by new investor, Recognize, with existing investor, Salesforce Ventures, joining. “We’re thrilled to add Recognize, a committed partner for driven entrepreneurs building differentiated technology services companies, to our list of investors. […]
Respondents hold largely positive views when asked about the expected impact of AI on their organization over the next two years. The majority (46%) predict AI will lead to significant use cases that drive productivity. 24% foresee select use cases, albeit without a major impact. A significant portion (22%) expect a transformational impact from AI. […]
Our survey reveals that many organizations are contemplating developing their own proprietary large language models. A significant portion of respondents (42%) confirmed they plan to do so, while another 41% are still evaluating or considering this possibility. Only a fraction (7%) indicated they have yet to make plans to build their own proprietary large language […]
As for the usage of automated code generation tools, GPT Code Clippy is the leader, employed by 50% of developers. GitHub Copilots closely follow at 45%. Bard is used by 26% of developers, while CodeComplete and Code Whisperer are used by 21% and 19% of developers, respectively. SourceGraphy Codey and Replit Ghostwriter are adopted by […]
When asked about the main concerns related to accelerating the deployment of Generative AI, security tops the list, with 52% of organizations expressing this concern. Complexity is the second primary concern at 39%. The need for hardware resources and the potential for inaccurate results garnered 33% of responses. The impact on jobs and sourcing talent […]
When asked about their approach to Generative AI technologies such as ChatGPT and Bard, 43% of organizations report having already deployed them in an enterprise application or process. Meanwhile, 21% of respondents have individuals experimenting on their own. Prototyping for enterprise use and large projects underway account for 17% and 13%, respectively. Interestingly, only 4% […]
Regarding leveraging Gen AI products, our survey found that organizations using Gen AI products (82%) use ChatGPT most frequently. This is followed by Copy.ai at 29%, with open-source solutions close behind at 28%. Bard and Claude are utilized by 27% and 25% of respondents, respectively, while Jasper is used by 24%. Chatsonic, however, appears less […]
Generative Artificial Intelligence (GenAI) refers to algorithms that can generate new content. While OpenAI’s ChatGPT is perhaps the most recognized example, many companies are developing GenAI in various contexts, such as voice, video, images, and code. GenAI opens up new possibilities for rethinking the way we work. However, deep industry knowledge and proactive risk management […]
JPMorgan Chase & Co. has partnered with six Indian banks in India to settle interbank dollar transactions in a growing national commerce hub. Alongside HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, and JPMorgan’s unit, they will establish a blockchain-based platform that settles interbank dollar transactions. The existing system processes settlements in hours […]
Salesforce has introduced AI Cloud, a solution designed to enhance productivity across all Salesforce applications, catering specifically to enterprise needs. This innovative open platform seamlessly combines multiple Salesforce technologies, including Einstein, Data Cloud, Tableau, Flow, and MuleSoft, enabling real-time generative AI capabilities to optimize business operations. AI Cloud’s Einstein Trust Layer enhances trust in enterprise […]
June 13, 2023: Blockchain and artificial intelligence (AI) are two emerging technologies that have had a major impact over the last decade. At the Coinbase Machine Learning (ML) and Blockchain Summit, four leaders from academia and industry came together to explore the crossroads of these technologies and the future promise they hold. The panel outlined […]
Organizations waste or underutilize over 32% of their IT budgets, according to Flexera’s 2023 State of ITAM (IT Asset Management) report. Their report took place in March of 2023 and surveyed 500 technical professionals and executive leaders across the globe. The report states that organizations waste 36% of desktop software spend, 33% of data center […]
Oracle Plans to Provide Generative AI Services with Cohere Leading tech companies are all heavily investing in generative AI technologies. Google has invested $250 million into Anthropic, Microsoft has invested $10 billion in OpenAI, and most recently, Oracle has joined the race. Oracle announced its partnership with Cohere in June, only a week after participating […]
Google has introduced a new feature that utilizes AI to provide shoppers a virtual try-on experience, allowing them to visualize how clothing items would look on various models. The system enables users to select the “Try On” badge on Search and choose a model that closely matches their body type—addressing the common challenge faced by […]
IT leaders are uncertain about their organization’s ability to support AI’s growing use and demands. The 2023 Global Tech Trends Survey by Equinix reported that merely 58% of global IT leaders (68% in the Americas) feel “very comfortable” with their “organization’s infrastructure [and] team’s ability to accommodate AI’s growing use.” IT leaders reported worrying most […]
Databricks’ decision to acquire MosaicML addresses a challenging concern: developing LLMs for artificial intelligence(AI) at a lower cost point and with fewer compute resources. Mosaic helps organizations develop their LLMs based on corporate data, not publicly accessing content. The move by Databricks also helps lower the cost for organizations to create and utilize their own […]
Here’s something that might surprise you. Numerous U.S. government agencies, including the FBI, Department of Defense, and National Security Agency, are buying up personal information. This revelation, from a partially declassified report, shines a light on the scale and potential of the consumer data market. The report highlights the collection of various types of information […]
In a recent development, comedian Sarah Silverman has filed a lawsuit against OpenAI and Meta, formerly known as Facebook, alleging copyright infringement. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses the two tech giants of using her jokes without permission. Silverman’s legal team argues that OpenAI’s language model, […]
Investment Will Further Accelerate Growth and Drive Expansion of Service Offering and Global Delivery Capabilities SAN FRANCISCO – JULY 26, 2023 – MediaMint, a leading digital advertising operations service provider, announced today that Everstone Capital and Recognize have made a significant strategic investment in the Company. This marks the first institutional capital for MediaMint, which […]
NEW YORK–(BUSINESS WIRE)–Moove IT and December Labs, leading custom software and development providers with 26 years of combined expertise, today announced their merger to become Qubika, a global leader in digital transformation for enterprises.
Our survey also explored the location of offshore software developers used by organizations. India emerged as the most common location, with 17% of respondents, followed by Western Europe and Eastern Europe at 12%. Latin America accounted for 9%, while China held 6%. The Philippines and Vietnam had lower representation at 3% and 1%, respectively. Other […]
Regarding marketing automation or account-based marketing platform usage among organizations, our survey reveals that Salesforce Marketing Cloud dominates, with 52% of respondents utilizing it. HubSpot follows at 16%, and Oracle Eloqua captures 12%. Marketo and 6sense have lower adoption rates at 5% and 3%, respectively. 3% of participants use other marketing automation products, while 9% […]
We also delved into the primary cloud platform preferences among organizations. AWS Amazon leads the pack with 39% of respondents, followed by Azure Microsoft at 26% and Google Cloud at 19%. Oracle Cloud and IBM have smaller shares at 8% and 7%, respectively.
Regarding the adoption of ChatGPT within organizations, our survey results show a variety of approaches. 25% of respondents are prototyping ChatGPT for enterprise use, while 28% have already deployed it in an enterprise application or process—individuals experimenting on their own account for 24% of responses. However, 18% of organizations are not using ChatGPT at all, […]
NASSCOM highlights. – The Indian IT industry experienced a growth slowdown in FY23, with an 11.4% increase compared to 17% in FY22. A NASSCOM survey with IT CEOs suggests that growth in FY24 could be similar to or lower than in FY23 (11.4% CC and 9.4% USD). Furthermore, India’s IT sector added 290K employees in […]
The Hired 2023 State of Software Engineers report reveals key trends and insights in the tech industry. Insights include examining the most in-demand coding skills, with Python remaining the most in-demand programming language, followed by JavaScript and Java. Software engineering roles have shifted this year, showing an increased demand for blockchain and artificial intelligence (AI) […]
Uncertainty for Enterprise IT. – The temporary collapse of SVB went well beyond investor deposits and federal regulators. Challenging management and investment decisions and the rise in interest rates also contributed to the bank’s financial demise. The true impact of this event strikes at the core of technology innovation, including the capital, IPO funding, and […]
Google Cloud brings generative AI to developers. – Google has recently unveiled two sophisticated AI features for its cloud services, Vertex AI and Generative AI App Builder, intending to enhance the user experience for both Docs and Gmail. The Vertex AI feature provides users API access to Google’s extensive PaLM language model, which has numerous […]
CIO Deep Dive – After the layoffs in big tech throughout 2022 and early 2023, trends indicate a shift in focus towards efficiency in hiring, with big tech companies realigning their hiring strategies to pre-pandemic levels. In 2023 to date, it’s estimated that 485 companies laid off 138,000 workers, affecting various industries beyond IT. Despite […]
Microsoft’’s new Copilot for Office documents feels like the future. – Copilot, an AI-powered super assistant, can work across Office documents. Copilot can generate text, analyze data, and teach users new Office features. Some tricks the new assistant can do involve tasks such as setting up PivotTables in Excel, creating a graph, or helping you […]
The AI arms race is on. – As we enter the heat of the AI race of making anything and everything with AI, the question arises if racing to AI enablement is a good idea. AI experts are starting to worry about what they have created. AI could join the list of things that pose […]
Companies struggle to control cloud spending.– It is crucial for enterprises to revisit their cloud strategies, which may have been neglected during the initial rush to invest in cloud computing. A renewed focus on extracting value and improving cost management is necessary to ensure that cloud investments yield tangible business benefits. Optimization of cloud costs […]
GitHub Copilot X: The AI-powered developer experience. – GitHub has enhanced its Copilot system by integrating OpenAI’s GPT-4, introducing chat and voice support within Microsoft’s Visual Studio and Visual Studio Code. Expansion plans for JetBrains and Neovim are also in the pipeline. Copilot goes beyond auto complete and change recommendations by offering code explanations, bug […]
The post-modern data stack is coming. Are we ready? – The article discusses the evolving landscape of Data Engineering and how emerging trends, such as Zero-ETL, ChatGPT, and data product containers, are poised to shape its future. Zero-ETL: Aiming to disrupt data ingestion, Zero-ETL modifies the process by having cleaning and normalization performed directly by […]
Here are a few projects combining AI and blockchain for data security. – Over the past year, the rapid development of AI technology has led to a new wave of false news, falsified documents, and fake images becoming public. To fight against this rising tide, companies are using the immutable infrastructure of blockchain to offer […]
Oracle-owned Cerner announced the development of AI tools for the US Food and Drug Administration (FDA). – Cerner Enviza, an Oracle-owned company, has signed a new contract with the Food and Drug Administration (FDA). Their research will develop AI capabilities that help extract information from health records and contribute to understanding the effects of certain […]
Amazon is throwing its hat into the generative AI ring. – AWS joins the generative AI market with its release of Amazon Bedrock. Instead of creating its own AI platform, Bedrock allows AWS customers to tap into third-party AI models via an API. Amazon has partnered with AL21 Labs, Anthropic, and Stability AI. These projects […]
Companies using generative artificial intelligence could be putting confidential information at risk. – Team8, an Israel-based venture firm, reports that generative AI is putting corporate secrets, such as client information and intellectual property, at risk. These generative AI tools are vulnerable to data leaks, which could lead to lawsuits. In addition, any confidential information fed […]
Gartner forecasts cloud market growth and AI software boom – Gartner’s latest report forecasts that end-user spending on cloud services will grow by 21.7% in 2023. This percentage is higher than their October estimate, which predicted a growth rate of 20.7%. SaaS services are not the only cloud segment that Gartner forecasts to grow. IaaS […]
IBM’s Q1 2023 financial results revealed a modest 4.5% revenue growth, led by the software and consulting businesses. Despite a flat infrastructure revenue, the mainframe segment experienced a robust increase of over 10%. Compared to the previous year, core services such as platform, mainframe, and professional engagements showed stability, or single-digit growth. While consulting projects […]
Alphabet, Microsoft, Amazon, and Meta reported quarterly results, highlighting their focus on improving efficiency amidst growing economic concerns. A key investment area for these mega-cap tech companies is artificial intelligence (AI) and large language models (LLMs) like ChatGPT. Generative AI programs, which produce human-like outputs such as text, code, or images, demand significant amounts of […]
Investment Enables B2B Marketing-as-a-Service Category Pioneer to Expand Capabilities that Transform Revenue Operating Models for Clients NEW YORK–(BUSINESS WIRE)–2X, a pioneer of the marketing-as-a-service (MaaS) solution for the business-to-business (“B2B”) sector, announced today that Recognize, a technology investment platform, made a significant strategic investment to continue catalyzing growth in the company. This is the first […]
What was of strategic importance a year ago may no longer be a high priority due to changes in market conditions and company direction. 184 (70%) of the CIOs recognize Artificial Intelligence to be more important than the year before. However, only 11 (4%) consider artificial intelligence less critical.
These survey results show a continued shift towards remote work. Changes in tech layoffs may also negatively impact organizations wanting to promote a return to the office culture.
The varied plans for the mix of IT talent demonstrate organizations’ different approaches to meeting their technology needs. Some prioritize cost savings, and others focus on building internal expertise.
In the latest survey, 37% of organizations have reduced their IT budget, while 30% have yet to make any changes. 36% have postponed some projects under consideration, and 30% have utilized more contractors. Additionally, 21% of organizations have decreased their staff. These results demonstrate how organizations are navigating the slower economy, with some opting for […]
The trend in custom proprietary development of applications suggests a divided approach. While 23% of organizations are reducing custom development and relying more on commercial off-the-shelf software and SaaS, 46% are accelerating custom development in pursuing competitive differentiation. The remaining 31% report that their approach has remained unchanged. This disparity highlights organizations’ different priorities and […]
Recognize portfolio company, Ciklum, a global custom software engineering company, was recognized in the Niche Player Quadrant in the 2022 Gartner Magic Quadrant for Custom Software Development Services, worldwide – the first-ever for Gartner®. Combining technical expertise and deep sector knowledge, Ciklum is well-positioned to help organizations build differentiated, scalable, and compliant solutions delivered by […]
Microsoft is set to lay off 5% of its global workforce, joining other technology companies, including META, Amazon, and Salesforce.com, that have made similar announcements due to slow customer spending. This move comes ahead of the company’s upcoming earnings call, as post-pandemic customer spending remains challenging to forecast. Despite these challenges, Microsoft is pursuing strategic […]
During Oracle’s 2nd quarter, which ended in November, its cloud business grew by 48% to reach $3.8 billion. IaaS accounted for $1 billion in revenue, while SaaS revenue was $2.8 billion. This growth in cloud helped raise company revenues by 25% and will lead Oracle to invest $2.4 billion per quarter in this area. Oracle’s […]
2022 has been a lousy year for Amazon stockholders. With the share price cut in half, it was the worst year since 2000 and the second worst year ever. Mega-cap tech stocks were down significantly, but 2022 was especially bad for Amazon, which had a worse year than its peers except for Meta (Facebook, Instagram, […]
Based on the December quarterly earnings of India’s IT service companies, demand for services is strong, but we can expect a slowdown. The Indian holiday period of the third quarter, which ended in December, is slow, but quarterly results showed strong growth. Most execs expect a slowdown due to delays in decisions, even if demand […]
MergeStat brings deep insights using SQL to query data sources used during the software building process. MergeStat is an open-source project moving to a product-based approach aimed at both a hosted and an enterprise-focused offering. The solution is from an experiment from 2020 that aimed to combine SQLite and Git, performing historical queries on code […]
This year is expected to be a slower time for tech IPOs to market. Many VCs and investors continue to review the 2022 IPOs to adjust to future valuations and financial expectations. 2022 saw the number of IPOs decreased by 88%, with proceeds down an incredible 95% compared to 2021, which saw several public listings […]
One growing trend beyond cloud computing is the rise of Edge computing to bring computing power as close as possible to the data sources. Edge data centers and interconnectivity are becoming important as the growth rate increases. Companies are starting to look for ‘Edge as a Service offering. Edge data centers efficiently meet the needs […]
In a recent article, CIO Dive asked six leading CIOs to offer their top enterprise technology predictions for 2023. According to the CIOs, persistent economic uncertainty will push technology into a defensive posture. Companies will take stock of their progress transitioning to the cloud and assess how to extract value from their investments. Inflationary pressures […]
The use of data is predicted to continue to evolve in numerous ways. Availability, scalability, and data-driven decision-making are highlighted as critical requirements. There is also an increasing need for data processing agreements and adherence to data residency regulations. Companies are seeking to consolidate and simplify their data while avoiding siloed pools. The year […]
Over half the CIOs are increasing their use of contractors to secure technology talent. The tech talent shortage has changed the calculus on how to source talent.
The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.
The migration to cloud has been a long journey but companies have made significant progress. About 71% of CIOs have at least 50% of their application workloads in the cloud.
Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities. The second most popular initiative was cloud migration. Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.
Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.
Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.
The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.
As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]
Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]
Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.
Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.
Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]
Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?
Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.
Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”
The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications
– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% – Q4 gross margin was 32.1%
August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]
America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).
Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners. Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.
Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.
Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.
Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]
Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]
Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]
Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]
Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]
Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.
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