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Portfolio Investments News

Ciklum expands global presence and acquires Infogen

London, February 7, 2024: Ciklum, a global experience engineering firm with headquarters in London, has announced its acquisition of Infogen, a digital engineering services company, headquartered in the United States. With this deal, Ciklum propels its drive into the North American market and expands its global delivery footprint, strengthening its position engineering the leading digital products […]

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SpringML Announces Merger with Egen, Establishing a Powerful Technology Services Company Unleashing the Power of Data and AI

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 […]

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Participants led by Recognize, with Salesforce Ventures and strategic private investors joining

  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. […]

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MediaMint Secures Growth Investment from Everstone Capital and Recognize

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 […]

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Moove IT, December Labs Merge to Form Leading Nearshore Digital Transformation Provider, Qubika

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.

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2X Receives Strategic Growth Equity Investment from Recognize

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 […]

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Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

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 […]

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Torc: How to hire developers using performance metrics

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).

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Torc Announces Launch of Next-Generation Talent Marketplace

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.

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AST Announces Strategic Investment by Recognize

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 […]

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Recognize makes strategic investment in SpringML

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 […]

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Ciklum acquires CN Group to expand its European presence

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, […]

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Ciklum Announces Strategic Investment by Recognize Partners

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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Is your company using managed services (contractors) to monitor and manage cyber security?

The survey reveals a significant reliance on managed services for cybersecurity among organizations, with 79% affirming their use of contractors for monitoring and managing cyber security. This high percentage indicates a strong trend towards outsourcing cybersecurity tasks, likely due to the complexity and specialized nature of the field. In contrast, 19% of organizations are not […]

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What are your organization’s main concerns about accelerating the deployment of Generative AI?

The survey highlights key concerns organizations have regarding the rapid deployment of Generative AI. The predominant concern is security, cited by 60% of respondents, reflecting the critical need for robust safeguards in AI systems. Complexity is also a significant issue, with 37% acknowledging the challenges in managing these sophisticated technologies. Sourcing talent to manage Generative […]

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Which large language model is your organization using?

The survey indicates a clear preference for OpenAI’s models among organizations using large language models. A majority, 58%, are using GPT-4, showcasing its dominance in the field. GPT-3.5, also from OpenAI, is used by 21%, further cementing OpenAI’s lead. Other models have a smaller share: Google AI’s PaLM 2 is at 5%, Claude v1 from […]

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How has your organization approached Generative AI (e.g., ChatGPT, Bard, etc.)?

The survey data on the adoption of Generative AI technologies such as ChatGPT and Bard shows a diverse range of approaches among organizations. A notable 32% have already deployed these technologies in an enterprise application or process. Meanwhile, 24% are in the prototyping stage for enterprise use, indicating significant interest in exploring Generative AI capabilities. […]

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Do you have major cloud migration projects underway?

The survey reveals a strong trend towards cloud migration among organizations. A significant 42% of respondents are already in the midst of major cloud migration projects. Another 35% are nearing completion of their cloud migration efforts, showcasing a considerable commitment to moving to the cloud. Meanwhile, 14% are at the early stages of their cloud […]

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What percent of your organization’s application workload do you estimate is running in a commercial cloud?

The survey data shows a varied landscape in cloud adoption among organizations. The most significant proportion, 19%, have around 60% of their application workload running in a commercial cloud. Interestingly, there’s a close following with 17% of organizations operating 70% of their workload in the cloud. Lower percentages like 50% and 30-40% are also notable, […]

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AI – ERP AI Chatbots for ERP: Assessing the Benefits and Tools

December 20, 2023: The enterprise resource planning (ERP) industry increasingly incorporates AI chatbots into back-end ERP systems. Most ERP platforms now either offer integrations with third-party virtual assistant tools or use native chatbots. Chatbots can streamline the ability for customers and employees to find information, helping to improve the UX and increase worker productivity. Equally, these chatbots […]

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ENTERPRISE SECURITY 10 of the Most Significant Ransomware Attacks in 2023

December 21, 2023: 2023 witnessed several successful ransomware attacks across many industries, including health, defense, gaming, government, and manufacturing. Many of the firms targeted by the notorious hacker outfit BlackCat included Boeing, MGM Grand, U.S Marshall Services, City of Dallas, Texas, and Western Digital, just to name a few. Along with BlackCat, the Rhysida ransomware gang also […]

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AI TECH – CHINA China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

December 25, 2023: The US is increasingly concerned with China’s attempts to accelerate its capabilities with stolen American AI (artificial intelligence) technologies. In 2018, alarms were raised when former Apple employee Xiaolang Zhang was arrested for stealing secrets from Apple’s autonomous driving program. This event has underscored the importance of artificial intelligence in the intensifying battle for […]

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GENERATIVE AI Vector Search Is Now a Critical Component of GenAI Development

December 27, 2023: Vector search has found its way into GenAI to enable the training of LLMs by locating similar data points across unstructured data like text. Vector search and storage allow unstructured data to be loaded into data warehouses with the ability to retrieve the data. Vectors allow similarity searches and not only exact matches, […]

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MERGERS AND ACQUISITIONS What Happened in M&A, and What’s Ahead, In Five Charts

December 29, 2023: The mergers and acquisitions (M&A) sector experienced a significant downturn over the last year, reaching its lowest activity level in a decade. However, with potential interest-rate reductions on the horizon, experts are optimistic about a rebound in 2024, as highlighted by The Wall Street Journal through various graphs summarizing the 2023 M&A landscape. The […]

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SHIELD AI – STARTUP Defense Startup Shield AI Raises $300 million at $2.8 billion Valuation

December 29, 2023: Shield AI Inc., a defense startup headquartered in San Diego, has raised an extra $300 million in funding, supplementing the $200 million it received during its Series F round in the previous year. The most recent cash injection comprises $200 million in venture debt from Hercules Capital and an additional $100 million in equity. […]

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OpenAI’s GitHub Copilot Chat Launches into General Availability

December 29, 2023: Microsoft/GitHub, codename CoPilot X, is viewed as an essential tool for software developers already leveraging existing GitHub Copilot. The chat function’s availability is groundbreaking for organizations seeking more optimal ways to create source code. Software engineers new to software engineering projects powered by CoPilot will now have access to the chat interface to pose […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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AI-EXPERTS SHARING BUSINESS OBJECTIVES Tech Experts Share What to Ask When Adding AI to Business

January 3, 2024: 2024 is when enterprise businesses use that technology to streamline, drive success, and find new efficiencies. Generative AI offers various benefits to companies but only thrives when businesses understand how to integrate AI successfully into their workflows. The first step toward integration should be to establish a use case. Without a clear purpose of […]

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GENERATIVE AI Google Gemini: Everything You Need to Know About the New Generative AI Platform

January 7, 2024: In a groundbreaking move last December, Google unveiled Gemini – its trailblazing GenAI model family, marking a new era in AI. Comprising three distinct models – Nano, the mobile-friendly version; Pro, the versatile all-rounder; and Ultra, the powerhouse – Gemini is set to revolutionize how we interact with technology. Beyond traditional text-based AI, Gemini harnesses […]

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Ciklum expands global presence and acquires Infogen

London, February 7, 2024: Ciklum, a global experience engineering firm with headquarters in London, has announced its acquisition of Infogen, a digital engineering services company, headquartered in the United States. With this deal, Ciklum propels its drive into the North American market and expands its global delivery footprint, strengthening its position engineering the leading digital products […]

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Is your organization planning or executing a major ERP project within the next 12 months?

Nearly half of the organizations surveyed, 47%, are already in the midst of a major ERP project, while 37% are planning to initiate one in the next year. This indicates a significant commitment to enterprise system upgrades within the near future, with only 12% not engaging and 4% undecided.

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What are your three most significant IT initiatives now?

In our latest CIO Survey series, the top current IT initiatives are cyber/data security (36%), artificial intelligence (35%), and cloud migration (29%). These areas are critical focal points for driving technological change and strategic priorities.

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Which large language model is your organization using?

Among the organizations employing large language models, GPT-4 by OpenAI leads with 50% usage, followed by its predecessor, GPT-3.5, at 19%. Other models like Google AI’s PaLM 2, Anthropic’s Claude v1, and various offerings from the Technology Innovation Institute and Stability AI also see utilization, reflecting a diverse ecosystem of AI tools in the industry.

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Is your organization using a large language model?

A majority of organizations currently utilize large language models, showcasing widespread adoption, while 24% still need to implement this technology, and 7% remain uncertain about their engagement with these advanced AI systems.

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How do you expect your IT budget to change in 2024?

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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How do you expect AI to impact your organization over the next two years.

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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Big Tech Struggles to Turn AI Hype Into Profits

October 9, 2023: As AI continues to captivate the global tech industry, giants like Microsoft, Adobe, and Amazon push the envelope with innovative AI tools, drawing significant investor interest. GitHub CoPilot, a notable success story, has amassed 1.5 million subscribers, showcasing AI’s potential to streamline software development. However, the financial sustainability of such AI ventures […]

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GenAI moves into enterprise spend at SAP Spend Connect.

October 11, 2023: SAP has revealed its plans to embed generative AI into its spend management applications; the goal is to automate routine processes and generate context-sensitive content so enterprises can be more efficient and reach their goals faster. SAP’s latest addition to their generative AI agenda includes the Intelligent Spend management applications. Their new […]

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Solix Technologies, Inc. Announces SOLIXCloud Enterprise AI

October 12, 2023: Data fabric and cloud data management company Solix Technologies has recently revealed their SOLIXCloud Enterprise AI platform for generative AI and machine learning. It will focus on enterprise-grade security and privacy, and the platform integrates seamlessly with the existing Solix Cloud Data Management suite, enhancing data quality for AI deployments.  “In order […]

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How PE Firm CFOs Can Make the Case for Modernizing Finance

October 13, 2023: Private equity (PE) CFOs hope to replace existing technology architecture with more robust software. Integrated data solutions, collaborative services, cloud-based modeling applications, and fully integrated cloud ERP are at the forefront.  This focus comes in light of a rapid drop in global deal volume in PE terms, dropping by 23.5% compared to […]

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Generative AI and the Legal Landscape: Evolving Regulations and Implications

October 14, 2023: Integrating LLMs into business operations heralds a new era of efficiency, automating routine processes and significantly amplifying human productivity. Yet, this advancement comes with heightened scrutiny over data privacy, as evidenced by a surge in legal actions against AI implementations. In 2023, the allure of AI was underscored by a remarkable $17 […]

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10 trends Gartner expects to shape enterprise tech in 2024

Oct 16, 2023: Gartner has identified the trends that it expects to shape enterprise technology in the coming year.Top of the list is the growth of generative AI across the enterprise and gen AI’s associated trust, risk, and security challenges, as well as its benefits, such as AI-assisted software development to boost software engineers’ output.  […]

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IDC Forecasts Spending on GenAI Solutions Will Reach $143B in 2027

Oct 16, 2023: The International Data Corporation (IDC) forecasts a robust expansion in generative AI (GenAI) investments, with enterprise spending set to reach $16 billion globally in 2023. This burgeoning sector encompasses costs for GenAI software, infrastructure, and associated services. By 2027, the IDC anticipates this figure will skyrocket to $143 billion, boasting a compound […]

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Reengineering Data Engineering for GenAI

Oct 23, 2023: As the generative AI landscape evolved, leading real-time database solutions provider Kinetica cemented its position by addressing the challenges faced by data engineers.  The company’s accomplishments include facilitating real-time analytics and tackling data engineering complexities, which have traditionally involved heavy pre-planning. The rise of GenAI, however, soon began making it untenable for […]

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Tech Earnings Were Strong. Why Stocks Slipped Into a Correction Anyway

Oct 28, 2023:Technology stocks slumped into correction territory after a wave of poorly received earnings reports from some of the world’s largest companies. On Wednesday and Thursday, the Nasdaq Composite fell 4.1%, the tech-heavy index’s worst two-day stretch of the year. The index has fallen 12% since July. Tech players Alphabet and Meta exceeded expectations […]

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White House AI Executive Order Adds Safety Requirements for Next-Generation Tech

Oct 30, 2023: The Biden administration has recently issued an executive order introducing stringent safety requirements for future artificial intelligence (AI) technologies. The directive targets explicitly foundational AI models that could potentially pose threats to national security or public health and mandates developers to divulge safety outcomes to federal entities. While setting a robust standard […]

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SpringML Announces Merger with Egen, Establishing a Powerful Technology Services Company Unleashing the Power of Data and AI

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 […]

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Participants led by Recognize, with Salesforce Ventures and strategic private investors joining

  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. […]

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How do you expect AI to impact your organization over the next two years.

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. […]

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Will you build your own proprietary LLM that uses your own data?

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 […]

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What automated code generation tool are your developers using?

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 […]

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What are your main concerns about accelerating the deployment of Generative AI?

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 […]

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How has your organization approached Generative AI?

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% […]

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Which Gen AI products are your organizations using most?

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 […]

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ROUNDTABLE – GEN AI – ANALYSIS: Impact Of Generative AI In Tech Services Industry

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 […]

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BLOCKCHAIN – INDIA: JPMorgan turns to Blockchain for dollar trades in India hub 

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 […]

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SALESFORCE – GENERATIVE AI CLOUD: Salesforce announces AI Cloud to empower enterprises with trusted generative AI

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 […]

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BLOCKCHAIN – AI: AI x Blockchain: The Next Level 

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 […]

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ASSET MANAGEMENT: Around A Third of Enterprise Software Spend Is Wasted

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 […]

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ORACLE – GENERATIVE AI: Oracle will collaborate with AI startup and Open AI rival to develop generative AI services 

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 […]

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Google Is Weaving Generative AI Into Online Shopping Features

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 […]

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IT leaders unsure if current tech stack can support AI demands

 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 […]

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GENERATIVE AI: Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML 

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 […]

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US AGENCIES – PERSONAL DATA: US agencies buy personal information on the open market

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 […]

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AI – COPYRIGHT INFRINGEMENT: Sarah Silverman Sues OpenAI, Meta for Copyright Infringement

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, […]

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MediaMint Secures Growth Investment from Everstone Capital and Recognize

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 […]

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Moove IT, December Labs Merge to Form Leading Nearshore Digital Transformation Provider, Qubika

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.

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If your organization has offshore developers, where are they primarily located?

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 […]

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Which marketing automation or account-based marketing platform does your organization use?

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% […]

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What is your primary cloud platform?

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.

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How has your organization approached ChatGPT?

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, […]

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NASSCOM Technology & Leadership Forum 2023

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 […]

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Report: Big Transitions in the Tech Industry

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) […]

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SVB turmoil could mean long-term uncertainty for enterprise IT.

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 […]

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Google embeds enterprise-grade generative AI in its cloud.

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 […]

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Understanding the effects of mass layoffs on the tech sector.

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 […]

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Microsoft’s new Copilot will change Office documents forever.

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 […]

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The case for slowing down AI.

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 […]

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

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 […]

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GitHub Copilot gets a new ChatGPT-like assistant to help developers write and fix code.

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 […]

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Zero-ETL, ChatGPT, and the future of data engineering.

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 […]

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Blockchain and AI combine to redefine data security.

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 […]

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Oracle (ORCL)-Owned Cerner Enviza signs AI contract with FDA.

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 […]

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With Bedrock, Amazon enters the generative AI race.

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 […]

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ChatGPT poised to expose corporate secrets, cyber firm warns.

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 […]

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AI boom buoys SaaS growth as cloud market expands: Gartner.

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 […]

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IBM leans on AI, hybrid cloud as infrastructure business stalls.

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 […]

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Tech giants are pouring money into AI as they cut costs elsewhere.

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 […]

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2X Receives Strategic Growth Equity Investment from Recognize

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 […]

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Are you more or less interested in these emerging technologies vs. a year ago?

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.  

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What percent of your IT employees will come to the office at least three days a week in 2023?

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.  

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How will the mix of IT talent in your org change over the next three years?

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.

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How has your organization adjusted its IT strategy and budget for the slower economy?

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 […]

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What is the trend in your organization for custom, proprietary development of applications?

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 […]

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Gartner® Acknowledges Ciklum As A Niche Player In The Magic Quadrant™ For Custom Software Development

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 […]

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Microsoft to cut 10K jobs, expects $1.2B hit in Q2

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 […]

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Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits | CIO

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 […]

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Amazon lost half its value this year as tech stocks got crushed and recession fears grew

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, […]

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IT services Q3 earnings: Five takeaways from the top companies

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 […]

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MergeStat channels open source and SQL to bring ‘operational analytics’ to software engineering

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 […]

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The Most Anticipated Tech IPOs In 2023

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 […]

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From Cloud Migration To Intelligent Edge: It’s Time To Prepare For The Next Wave Of IT/OT Integration

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 […]

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6 CIOs share their 2023 IT predictions

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 […]

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14 data predictions for enterprise growth in 2023

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 […]

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How will the mix of IT talent have used in your org change over the next 3 years

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.

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What’s your mix change between custom build and commercial applications?

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.

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What Percent of your application workload is running in a public cloud?

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.    

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What are your 3 largest IT initiatives currently?

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.  

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How have your IT spending plans changed in the last 6 months considering economic conditions?

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.  

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How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

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.

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16 Most Promising Cloud-Software Startups of 2022, According to VCs

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.

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Databricks vs Snowflake | Deep Dive | Contrary Research

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 […]

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What IT pros need to know about low-code limitations

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 […]

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5 Best Tools for API Integration for Modern Cloud-Based Applications

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.

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Company Documents Show Meta’s Flagship Metaverse Falling Short

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.

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EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

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, […]

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Inside Amazon’s open-source security bet

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?

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Google Cloud makes its pitch

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.

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IT services group Wipro fires 300 employees moonlighting for competitors

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.”

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Some developers are fouling up open-source software

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

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Accenture reports a strong Q4

– 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%

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Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

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 […]

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Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

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Torc: How to hire developers using performance metrics

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).

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Torc Announces Launch of Next-Generation Talent Marketplace

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.

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Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

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.

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Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

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.

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AST Announces Strategic Investment by Recognize

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 […]

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Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

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, […]

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WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

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 […]

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Recognize makes strategic investment in SpringML

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 […]

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Ciklum acquires CN Group to expand its European presence

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, […]

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Ciklum Announces Strategic Investment by Recognize Partners

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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Recognize Firm News

Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings


Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

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 co-founder: ‘Talent and inflation’ are companies’ top priorities

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.


Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

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, […]


WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

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 […]


Is your company using managed services (contractors) to monitor and manage cyber security?

The survey reveals a significant reliance on managed services for cybersecurity among organizations, with 79% affirming their use of contractors for monitoring and managing cyber security. This high percentage indicates a strong trend towards outsourcing cybersecurity tasks, likely due to the complexity and specialized nature of the field. In contrast, 19% of organizations are not […]

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What are your organization’s main concerns about accelerating the deployment of Generative AI?

The survey highlights key concerns organizations have regarding the rapid deployment of Generative AI. The predominant concern is security, cited by 60% of respondents, reflecting the critical need for robust safeguards in AI systems. Complexity is also a significant issue, with 37% acknowledging the challenges in managing these sophisticated technologies. Sourcing talent to manage Generative […]

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Which large language model is your organization using?

The survey indicates a clear preference for OpenAI’s models among organizations using large language models. A majority, 58%, are using GPT-4, showcasing its dominance in the field. GPT-3.5, also from OpenAI, is used by 21%, further cementing OpenAI’s lead. Other models have a smaller share: Google AI’s PaLM 2 is at 5%, Claude v1 from […]

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How has your organization approached Generative AI (e.g., ChatGPT, Bard, etc.)?

The survey data on the adoption of Generative AI technologies such as ChatGPT and Bard shows a diverse range of approaches among organizations. A notable 32% have already deployed these technologies in an enterprise application or process. Meanwhile, 24% are in the prototyping stage for enterprise use, indicating significant interest in exploring Generative AI capabilities. […]

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Do you have major cloud migration projects underway?

The survey reveals a strong trend towards cloud migration among organizations. A significant 42% of respondents are already in the midst of major cloud migration projects. Another 35% are nearing completion of their cloud migration efforts, showcasing a considerable commitment to moving to the cloud. Meanwhile, 14% are at the early stages of their cloud […]

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What percent of your organization’s application workload do you estimate is running in a commercial cloud?

The survey data shows a varied landscape in cloud adoption among organizations. The most significant proportion, 19%, have around 60% of their application workload running in a commercial cloud. Interestingly, there’s a close following with 17% of organizations operating 70% of their workload in the cloud. Lower percentages like 50% and 30-40% are also notable, […]

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AI – ERP AI Chatbots for ERP: Assessing the Benefits and Tools

December 20, 2023: The enterprise resource planning (ERP) industry increasingly incorporates AI chatbots into back-end ERP systems. Most ERP platforms now either offer integrations with third-party virtual assistant tools or use native chatbots. Chatbots can streamline the ability for customers and employees to find information, helping to improve the UX and increase worker productivity. Equally, these chatbots […]

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ENTERPRISE SECURITY 10 of the Most Significant Ransomware Attacks in 2023

December 21, 2023: 2023 witnessed several successful ransomware attacks across many industries, including health, defense, gaming, government, and manufacturing. Many of the firms targeted by the notorious hacker outfit BlackCat included Boeing, MGM Grand, U.S Marshall Services, City of Dallas, Texas, and Western Digital, just to name a few. Along with BlackCat, the Rhysida ransomware gang also […]

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AI TECH – CHINA China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

December 25, 2023: The US is increasingly concerned with China’s attempts to accelerate its capabilities with stolen American AI (artificial intelligence) technologies. In 2018, alarms were raised when former Apple employee Xiaolang Zhang was arrested for stealing secrets from Apple’s autonomous driving program. This event has underscored the importance of artificial intelligence in the intensifying battle for […]

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GENERATIVE AI Vector Search Is Now a Critical Component of GenAI Development

December 27, 2023: Vector search has found its way into GenAI to enable the training of LLMs by locating similar data points across unstructured data like text. Vector search and storage allow unstructured data to be loaded into data warehouses with the ability to retrieve the data. Vectors allow similarity searches and not only exact matches, […]

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MERGERS AND ACQUISITIONS What Happened in M&A, and What’s Ahead, In Five Charts

December 29, 2023: The mergers and acquisitions (M&A) sector experienced a significant downturn over the last year, reaching its lowest activity level in a decade. However, with potential interest-rate reductions on the horizon, experts are optimistic about a rebound in 2024, as highlighted by The Wall Street Journal through various graphs summarizing the 2023 M&A landscape. The […]

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SHIELD AI – STARTUP Defense Startup Shield AI Raises $300 million at $2.8 billion Valuation

December 29, 2023: Shield AI Inc., a defense startup headquartered in San Diego, has raised an extra $300 million in funding, supplementing the $200 million it received during its Series F round in the previous year. The most recent cash injection comprises $200 million in venture debt from Hercules Capital and an additional $100 million in equity. […]

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OpenAI’s GitHub Copilot Chat Launches into General Availability

December 29, 2023: Microsoft/GitHub, codename CoPilot X, is viewed as an essential tool for software developers already leveraging existing GitHub Copilot. The chat function’s availability is groundbreaking for organizations seeking more optimal ways to create source code. Software engineers new to software engineering projects powered by CoPilot will now have access to the chat interface to pose […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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AI-EXPERTS SHARING BUSINESS OBJECTIVES Tech Experts Share What to Ask When Adding AI to Business

January 3, 2024: 2024 is when enterprise businesses use that technology to streamline, drive success, and find new efficiencies. Generative AI offers various benefits to companies but only thrives when businesses understand how to integrate AI successfully into their workflows. The first step toward integration should be to establish a use case. Without a clear purpose of […]

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GENERATIVE AI Google Gemini: Everything You Need to Know About the New Generative AI Platform

January 7, 2024: In a groundbreaking move last December, Google unveiled Gemini – its trailblazing GenAI model family, marking a new era in AI. Comprising three distinct models – Nano, the mobile-friendly version; Pro, the versatile all-rounder; and Ultra, the powerhouse – Gemini is set to revolutionize how we interact with technology. Beyond traditional text-based AI, Gemini harnesses […]

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Ciklum expands global presence and acquires Infogen

London, February 7, 2024: Ciklum, a global experience engineering firm with headquarters in London, has announced its acquisition of Infogen, a digital engineering services company, headquartered in the United States. With this deal, Ciklum propels its drive into the North American market and expands its global delivery footprint, strengthening its position engineering the leading digital products […]

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Is your organization planning or executing a major ERP project within the next 12 months?

Nearly half of the organizations surveyed, 47%, are already in the midst of a major ERP project, while 37% are planning to initiate one in the next year. This indicates a significant commitment to enterprise system upgrades within the near future, with only 12% not engaging and 4% undecided.

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What are your three most significant IT initiatives now?

In our latest CIO Survey series, the top current IT initiatives are cyber/data security (36%), artificial intelligence (35%), and cloud migration (29%). These areas are critical focal points for driving technological change and strategic priorities.

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Which large language model is your organization using?

Among the organizations employing large language models, GPT-4 by OpenAI leads with 50% usage, followed by its predecessor, GPT-3.5, at 19%. Other models like Google AI’s PaLM 2, Anthropic’s Claude v1, and various offerings from the Technology Innovation Institute and Stability AI also see utilization, reflecting a diverse ecosystem of AI tools in the industry.

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Is your organization using a large language model?

A majority of organizations currently utilize large language models, showcasing widespread adoption, while 24% still need to implement this technology, and 7% remain uncertain about their engagement with these advanced AI systems.

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How do you expect your IT budget to change in 2024?

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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How do you expect AI to impact your organization over the next two years.

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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Big Tech Struggles to Turn AI Hype Into Profits

October 9, 2023: As AI continues to captivate the global tech industry, giants like Microsoft, Adobe, and Amazon push the envelope with innovative AI tools, drawing significant investor interest. GitHub CoPilot, a notable success story, has amassed 1.5 million subscribers, showcasing AI’s potential to streamline software development. However, the financial sustainability of such AI ventures […]

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GenAI moves into enterprise spend at SAP Spend Connect.

October 11, 2023: SAP has revealed its plans to embed generative AI into its spend management applications; the goal is to automate routine processes and generate context-sensitive content so enterprises can be more efficient and reach their goals faster. SAP’s latest addition to their generative AI agenda includes the Intelligent Spend management applications. Their new […]

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Solix Technologies, Inc. Announces SOLIXCloud Enterprise AI

October 12, 2023: Data fabric and cloud data management company Solix Technologies has recently revealed their SOLIXCloud Enterprise AI platform for generative AI and machine learning. It will focus on enterprise-grade security and privacy, and the platform integrates seamlessly with the existing Solix Cloud Data Management suite, enhancing data quality for AI deployments.  “In order […]

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How PE Firm CFOs Can Make the Case for Modernizing Finance

October 13, 2023: Private equity (PE) CFOs hope to replace existing technology architecture with more robust software. Integrated data solutions, collaborative services, cloud-based modeling applications, and fully integrated cloud ERP are at the forefront.  This focus comes in light of a rapid drop in global deal volume in PE terms, dropping by 23.5% compared to […]

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Generative AI and the Legal Landscape: Evolving Regulations and Implications

October 14, 2023: Integrating LLMs into business operations heralds a new era of efficiency, automating routine processes and significantly amplifying human productivity. Yet, this advancement comes with heightened scrutiny over data privacy, as evidenced by a surge in legal actions against AI implementations. In 2023, the allure of AI was underscored by a remarkable $17 […]

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10 trends Gartner expects to shape enterprise tech in 2024

Oct 16, 2023: Gartner has identified the trends that it expects to shape enterprise technology in the coming year.Top of the list is the growth of generative AI across the enterprise and gen AI’s associated trust, risk, and security challenges, as well as its benefits, such as AI-assisted software development to boost software engineers’ output.  […]

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IDC Forecasts Spending on GenAI Solutions Will Reach $143B in 2027

Oct 16, 2023: The International Data Corporation (IDC) forecasts a robust expansion in generative AI (GenAI) investments, with enterprise spending set to reach $16 billion globally in 2023. This burgeoning sector encompasses costs for GenAI software, infrastructure, and associated services. By 2027, the IDC anticipates this figure will skyrocket to $143 billion, boasting a compound […]

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Reengineering Data Engineering for GenAI

Oct 23, 2023: As the generative AI landscape evolved, leading real-time database solutions provider Kinetica cemented its position by addressing the challenges faced by data engineers.  The company’s accomplishments include facilitating real-time analytics and tackling data engineering complexities, which have traditionally involved heavy pre-planning. The rise of GenAI, however, soon began making it untenable for […]

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Tech Earnings Were Strong. Why Stocks Slipped Into a Correction Anyway

Oct 28, 2023:Technology stocks slumped into correction territory after a wave of poorly received earnings reports from some of the world’s largest companies. On Wednesday and Thursday, the Nasdaq Composite fell 4.1%, the tech-heavy index’s worst two-day stretch of the year. The index has fallen 12% since July. Tech players Alphabet and Meta exceeded expectations […]

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White House AI Executive Order Adds Safety Requirements for Next-Generation Tech

Oct 30, 2023: The Biden administration has recently issued an executive order introducing stringent safety requirements for future artificial intelligence (AI) technologies. The directive targets explicitly foundational AI models that could potentially pose threats to national security or public health and mandates developers to divulge safety outcomes to federal entities. While setting a robust standard […]

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SpringML Announces Merger with Egen, Establishing a Powerful Technology Services Company Unleashing the Power of Data and AI

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 […]

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Participants led by Recognize, with Salesforce Ventures and strategic private investors joining

  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. […]

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How do you expect AI to impact your organization over the next two years.

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. […]

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Will you build your own proprietary LLM that uses your own data?

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 […]

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What automated code generation tool are your developers using?

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 […]

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What are your main concerns about accelerating the deployment of Generative AI?

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 […]

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How has your organization approached Generative AI?

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% […]

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Which Gen AI products are your organizations using most?

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 […]

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ROUNDTABLE – GEN AI – ANALYSIS: Impact Of Generative AI In Tech Services Industry

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 […]

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BLOCKCHAIN – INDIA: JPMorgan turns to Blockchain for dollar trades in India hub 

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 […]

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SALESFORCE – GENERATIVE AI CLOUD: Salesforce announces AI Cloud to empower enterprises with trusted generative AI

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 […]

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BLOCKCHAIN – AI: AI x Blockchain: The Next Level 

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 […]

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ASSET MANAGEMENT: Around A Third of Enterprise Software Spend Is Wasted

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 […]

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ORACLE – GENERATIVE AI: Oracle will collaborate with AI startup and Open AI rival to develop generative AI services 

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 […]

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Google Is Weaving Generative AI Into Online Shopping Features

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 […]

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IT leaders unsure if current tech stack can support AI demands

 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 […]

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GENERATIVE AI: Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML 

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 […]

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US AGENCIES – PERSONAL DATA: US agencies buy personal information on the open market

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 […]

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AI – COPYRIGHT INFRINGEMENT: Sarah Silverman Sues OpenAI, Meta for Copyright Infringement

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, […]

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MediaMint Secures Growth Investment from Everstone Capital and Recognize

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 […]

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Moove IT, December Labs Merge to Form Leading Nearshore Digital Transformation Provider, Qubika

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.

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If your organization has offshore developers, where are they primarily located?

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 […]

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Which marketing automation or account-based marketing platform does your organization use?

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% […]

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What is your primary cloud platform?

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.

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How has your organization approached ChatGPT?

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, […]

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NASSCOM Technology & Leadership Forum 2023

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 […]

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Report: Big Transitions in the Tech Industry

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) […]

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SVB turmoil could mean long-term uncertainty for enterprise IT.

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 […]

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Google embeds enterprise-grade generative AI in its cloud.

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 […]

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Understanding the effects of mass layoffs on the tech sector.

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 […]

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Microsoft’s new Copilot will change Office documents forever.

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 […]

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The case for slowing down AI.

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 […]

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

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 […]

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GitHub Copilot gets a new ChatGPT-like assistant to help developers write and fix code.

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 […]

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Zero-ETL, ChatGPT, and the future of data engineering.

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 […]

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Blockchain and AI combine to redefine data security.

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 […]

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Oracle (ORCL)-Owned Cerner Enviza signs AI contract with FDA.

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 […]

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With Bedrock, Amazon enters the generative AI race.

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 […]

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ChatGPT poised to expose corporate secrets, cyber firm warns.

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 […]

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AI boom buoys SaaS growth as cloud market expands: Gartner.

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 […]

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IBM leans on AI, hybrid cloud as infrastructure business stalls.

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 […]

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Tech giants are pouring money into AI as they cut costs elsewhere.

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 […]

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2X Receives Strategic Growth Equity Investment from Recognize

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 […]

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Are you more or less interested in these emerging technologies vs. a year ago?

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.  

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What percent of your IT employees will come to the office at least three days a week in 2023?

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.  

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How will the mix of IT talent in your org change over the next three years?

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.

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How has your organization adjusted its IT strategy and budget for the slower economy?

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 […]

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What is the trend in your organization for custom, proprietary development of applications?

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 […]

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Gartner® Acknowledges Ciklum As A Niche Player In The Magic Quadrant™ For Custom Software Development

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 […]

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Microsoft to cut 10K jobs, expects $1.2B hit in Q2

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 […]

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Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits | CIO

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 […]

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Amazon lost half its value this year as tech stocks got crushed and recession fears grew

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, […]

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IT services Q3 earnings: Five takeaways from the top companies

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 […]

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MergeStat channels open source and SQL to bring ‘operational analytics’ to software engineering

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 […]

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The Most Anticipated Tech IPOs In 2023

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 […]

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From Cloud Migration To Intelligent Edge: It’s Time To Prepare For The Next Wave Of IT/OT Integration

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 […]

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6 CIOs share their 2023 IT predictions

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 […]

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14 data predictions for enterprise growth in 2023

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 […]

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How will the mix of IT talent have used in your org change over the next 3 years

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.

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What’s your mix change between custom build and commercial applications?

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.

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What Percent of your application workload is running in a public cloud?

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.    

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What are your 3 largest IT initiatives currently?

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.  

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How have your IT spending plans changed in the last 6 months considering economic conditions?

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.  

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How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

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.

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16 Most Promising Cloud-Software Startups of 2022, According to VCs

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.

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Databricks vs Snowflake | Deep Dive | Contrary Research

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 […]

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What IT pros need to know about low-code limitations

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 […]

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5 Best Tools for API Integration for Modern Cloud-Based Applications

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.

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Company Documents Show Meta’s Flagship Metaverse Falling Short

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.

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EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

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, […]

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Inside Amazon’s open-source security bet

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?

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Google Cloud makes its pitch

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.

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IT services group Wipro fires 300 employees moonlighting for competitors

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.”

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Some developers are fouling up open-source software

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

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Accenture reports a strong Q4

– 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%

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Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

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 […]

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Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

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Torc: How to hire developers using performance metrics

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).

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Torc Announces Launch of Next-Generation Talent Marketplace

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.

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Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

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.

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Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

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.

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AST Announces Strategic Investment by Recognize

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 […]

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Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

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, […]

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WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

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 […]

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Recognize makes strategic investment in SpringML

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 […]

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Ciklum acquires CN Group to expand its European presence

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, […]

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Ciklum Announces Strategic Investment by Recognize Partners

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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Monthly Newsletter

Is your company using managed services (contractors) to monitor and manage cyber security?

The survey reveals a significant reliance on managed services for cybersecurity among organizations, with 79% affirming their use of contractors for monitoring and managing cyber security. This high percentage indicates a strong trend towards outsourcing cybersecurity tasks, likely due to the complexity and specialized nature of the field. In contrast, 19% of organizations are not […]

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What are your organization’s main concerns about accelerating the deployment of Generative AI?

The survey highlights key concerns organizations have regarding the rapid deployment of Generative AI. The predominant concern is security, cited by 60% of respondents, reflecting the critical need for robust safeguards in AI systems. Complexity is also a significant issue, with 37% acknowledging the challenges in managing these sophisticated technologies. Sourcing talent to manage Generative […]

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Which large language model is your organization using?

The survey indicates a clear preference for OpenAI’s models among organizations using large language models. A majority, 58%, are using GPT-4, showcasing its dominance in the field. GPT-3.5, also from OpenAI, is used by 21%, further cementing OpenAI’s lead. Other models have a smaller share: Google AI’s PaLM 2 is at 5%, Claude v1 from […]

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How has your organization approached Generative AI (e.g., ChatGPT, Bard, etc.)?

The survey data on the adoption of Generative AI technologies such as ChatGPT and Bard shows a diverse range of approaches among organizations. A notable 32% have already deployed these technologies in an enterprise application or process. Meanwhile, 24% are in the prototyping stage for enterprise use, indicating significant interest in exploring Generative AI capabilities. […]

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Do you have major cloud migration projects underway?

The survey reveals a strong trend towards cloud migration among organizations. A significant 42% of respondents are already in the midst of major cloud migration projects. Another 35% are nearing completion of their cloud migration efforts, showcasing a considerable commitment to moving to the cloud. Meanwhile, 14% are at the early stages of their cloud […]

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What percent of your organization’s application workload do you estimate is running in a commercial cloud?

The survey data shows a varied landscape in cloud adoption among organizations. The most significant proportion, 19%, have around 60% of their application workload running in a commercial cloud. Interestingly, there’s a close following with 17% of organizations operating 70% of their workload in the cloud. Lower percentages like 50% and 30-40% are also notable, […]

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AI – ERP AI Chatbots for ERP: Assessing the Benefits and Tools

December 20, 2023: The enterprise resource planning (ERP) industry increasingly incorporates AI chatbots into back-end ERP systems. Most ERP platforms now either offer integrations with third-party virtual assistant tools or use native chatbots. Chatbots can streamline the ability for customers and employees to find information, helping to improve the UX and increase worker productivity. Equally, these chatbots […]

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ENTERPRISE SECURITY 10 of the Most Significant Ransomware Attacks in 2023

December 21, 2023: 2023 witnessed several successful ransomware attacks across many industries, including health, defense, gaming, government, and manufacturing. Many of the firms targeted by the notorious hacker outfit BlackCat included Boeing, MGM Grand, U.S Marshall Services, City of Dallas, Texas, and Western Digital, just to name a few. Along with BlackCat, the Rhysida ransomware gang also […]

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AI TECH – CHINA China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

December 25, 2023: The US is increasingly concerned with China’s attempts to accelerate its capabilities with stolen American AI (artificial intelligence) technologies. In 2018, alarms were raised when former Apple employee Xiaolang Zhang was arrested for stealing secrets from Apple’s autonomous driving program. This event has underscored the importance of artificial intelligence in the intensifying battle for […]

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GENERATIVE AI Vector Search Is Now a Critical Component of GenAI Development

December 27, 2023: Vector search has found its way into GenAI to enable the training of LLMs by locating similar data points across unstructured data like text. Vector search and storage allow unstructured data to be loaded into data warehouses with the ability to retrieve the data. Vectors allow similarity searches and not only exact matches, […]

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MERGERS AND ACQUISITIONS What Happened in M&A, and What’s Ahead, In Five Charts

December 29, 2023: The mergers and acquisitions (M&A) sector experienced a significant downturn over the last year, reaching its lowest activity level in a decade. However, with potential interest-rate reductions on the horizon, experts are optimistic about a rebound in 2024, as highlighted by The Wall Street Journal through various graphs summarizing the 2023 M&A landscape. The […]

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SHIELD AI – STARTUP Defense Startup Shield AI Raises $300 million at $2.8 billion Valuation

December 29, 2023: Shield AI Inc., a defense startup headquartered in San Diego, has raised an extra $300 million in funding, supplementing the $200 million it received during its Series F round in the previous year. The most recent cash injection comprises $200 million in venture debt from Hercules Capital and an additional $100 million in equity. […]

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OpenAI’s GitHub Copilot Chat Launches into General Availability

December 29, 2023: Microsoft/GitHub, codename CoPilot X, is viewed as an essential tool for software developers already leveraging existing GitHub Copilot. The chat function’s availability is groundbreaking for organizations seeking more optimal ways to create source code. Software engineers new to software engineering projects powered by CoPilot will now have access to the chat interface to pose […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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AI-EXPERTS SHARING BUSINESS OBJECTIVES Tech Experts Share What to Ask When Adding AI to Business

January 3, 2024: 2024 is when enterprise businesses use that technology to streamline, drive success, and find new efficiencies. Generative AI offers various benefits to companies but only thrives when businesses understand how to integrate AI successfully into their workflows. The first step toward integration should be to establish a use case. Without a clear purpose of […]

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GENERATIVE AI Google Gemini: Everything You Need to Know About the New Generative AI Platform

January 7, 2024: In a groundbreaking move last December, Google unveiled Gemini – its trailblazing GenAI model family, marking a new era in AI. Comprising three distinct models – Nano, the mobile-friendly version; Pro, the versatile all-rounder; and Ultra, the powerhouse – Gemini is set to revolutionize how we interact with technology. Beyond traditional text-based AI, Gemini harnesses […]

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Is your organization planning or executing a major ERP project within the next 12 months?

Nearly half of the organizations surveyed, 47%, are already in the midst of a major ERP project, while 37% are planning to initiate one in the next year. This indicates a significant commitment to enterprise system upgrades within the near future, with only 12% not engaging and 4% undecided.

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What are your three most significant IT initiatives now?

In our latest CIO Survey series, the top current IT initiatives are cyber/data security (36%), artificial intelligence (35%), and cloud migration (29%). These areas are critical focal points for driving technological change and strategic priorities.

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Which large language model is your organization using?

Among the organizations employing large language models, GPT-4 by OpenAI leads with 50% usage, followed by its predecessor, GPT-3.5, at 19%. Other models like Google AI’s PaLM 2, Anthropic’s Claude v1, and various offerings from the Technology Innovation Institute and Stability AI also see utilization, reflecting a diverse ecosystem of AI tools in the industry.

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Is your organization using a large language model?

A majority of organizations currently utilize large language models, showcasing widespread adoption, while 24% still need to implement this technology, and 7% remain uncertain about their engagement with these advanced AI systems.

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How do you expect your IT budget to change in 2024?

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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How do you expect AI to impact your organization over the next two years.

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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Big Tech Struggles to Turn AI Hype Into Profits

October 9, 2023: As AI continues to captivate the global tech industry, giants like Microsoft, Adobe, and Amazon push the envelope with innovative AI tools, drawing significant investor interest. GitHub CoPilot, a notable success story, has amassed 1.5 million subscribers, showcasing AI’s potential to streamline software development. However, the financial sustainability of such AI ventures […]

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GenAI moves into enterprise spend at SAP Spend Connect.

October 11, 2023: SAP has revealed its plans to embed generative AI into its spend management applications; the goal is to automate routine processes and generate context-sensitive content so enterprises can be more efficient and reach their goals faster. SAP’s latest addition to their generative AI agenda includes the Intelligent Spend management applications. Their new […]

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Solix Technologies, Inc. Announces SOLIXCloud Enterprise AI

October 12, 2023: Data fabric and cloud data management company Solix Technologies has recently revealed their SOLIXCloud Enterprise AI platform for generative AI and machine learning. It will focus on enterprise-grade security and privacy, and the platform integrates seamlessly with the existing Solix Cloud Data Management suite, enhancing data quality for AI deployments.  “In order […]

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How PE Firm CFOs Can Make the Case for Modernizing Finance

October 13, 2023: Private equity (PE) CFOs hope to replace existing technology architecture with more robust software. Integrated data solutions, collaborative services, cloud-based modeling applications, and fully integrated cloud ERP are at the forefront.  This focus comes in light of a rapid drop in global deal volume in PE terms, dropping by 23.5% compared to […]

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Generative AI and the Legal Landscape: Evolving Regulations and Implications

October 14, 2023: Integrating LLMs into business operations heralds a new era of efficiency, automating routine processes and significantly amplifying human productivity. Yet, this advancement comes with heightened scrutiny over data privacy, as evidenced by a surge in legal actions against AI implementations. In 2023, the allure of AI was underscored by a remarkable $17 […]

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10 trends Gartner expects to shape enterprise tech in 2024

Oct 16, 2023: Gartner has identified the trends that it expects to shape enterprise technology in the coming year.Top of the list is the growth of generative AI across the enterprise and gen AI’s associated trust, risk, and security challenges, as well as its benefits, such as AI-assisted software development to boost software engineers’ output.  […]

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IDC Forecasts Spending on GenAI Solutions Will Reach $143B in 2027

Oct 16, 2023: The International Data Corporation (IDC) forecasts a robust expansion in generative AI (GenAI) investments, with enterprise spending set to reach $16 billion globally in 2023. This burgeoning sector encompasses costs for GenAI software, infrastructure, and associated services. By 2027, the IDC anticipates this figure will skyrocket to $143 billion, boasting a compound […]

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Reengineering Data Engineering for GenAI

Oct 23, 2023: As the generative AI landscape evolved, leading real-time database solutions provider Kinetica cemented its position by addressing the challenges faced by data engineers.  The company’s accomplishments include facilitating real-time analytics and tackling data engineering complexities, which have traditionally involved heavy pre-planning. The rise of GenAI, however, soon began making it untenable for […]

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Tech Earnings Were Strong. Why Stocks Slipped Into a Correction Anyway

Oct 28, 2023:Technology stocks slumped into correction territory after a wave of poorly received earnings reports from some of the world’s largest companies. On Wednesday and Thursday, the Nasdaq Composite fell 4.1%, the tech-heavy index’s worst two-day stretch of the year. The index has fallen 12% since July. Tech players Alphabet and Meta exceeded expectations […]

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White House AI Executive Order Adds Safety Requirements for Next-Generation Tech

Oct 30, 2023: The Biden administration has recently issued an executive order introducing stringent safety requirements for future artificial intelligence (AI) technologies. The directive targets explicitly foundational AI models that could potentially pose threats to national security or public health and mandates developers to divulge safety outcomes to federal entities. While setting a robust standard […]

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How do you expect AI to impact your organization over the next two years.

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. […]

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Will you build your own proprietary LLM that uses your own data?

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 […]

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What automated code generation tool are your developers using?

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 […]

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What are your main concerns about accelerating the deployment of Generative AI?

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 […]

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How has your organization approached Generative AI?

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% […]

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Which Gen AI products are your organizations using most?

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 […]

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ROUNDTABLE – GEN AI – ANALYSIS: Impact Of Generative AI In Tech Services Industry

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 […]

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BLOCKCHAIN – INDIA: JPMorgan turns to Blockchain for dollar trades in India hub 

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 […]

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SALESFORCE – GENERATIVE AI CLOUD: Salesforce announces AI Cloud to empower enterprises with trusted generative AI

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 […]

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BLOCKCHAIN – AI: AI x Blockchain: The Next Level 

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 […]

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ASSET MANAGEMENT: Around A Third of Enterprise Software Spend Is Wasted

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 […]

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ORACLE – GENERATIVE AI: Oracle will collaborate with AI startup and Open AI rival to develop generative AI services 

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 […]

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Google Is Weaving Generative AI Into Online Shopping Features

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 […]

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IT leaders unsure if current tech stack can support AI demands

 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 […]

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GENERATIVE AI: Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML 

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 […]

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US AGENCIES – PERSONAL DATA: US agencies buy personal information on the open market

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 […]

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AI – COPYRIGHT INFRINGEMENT: Sarah Silverman Sues OpenAI, Meta for Copyright Infringement

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, […]

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If your organization has offshore developers, where are they primarily located?

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 […]

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Which marketing automation or account-based marketing platform does your organization use?

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% […]

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What is your primary cloud platform?

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.

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How has your organization approached ChatGPT?

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, […]

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NASSCOM Technology & Leadership Forum 2023

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 […]

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Report: Big Transitions in the Tech Industry

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) […]

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SVB turmoil could mean long-term uncertainty for enterprise IT.

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 […]

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Google embeds enterprise-grade generative AI in its cloud.

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 […]

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Understanding the effects of mass layoffs on the tech sector.

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 […]

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Microsoft’s new Copilot will change Office documents forever.

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 […]

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The case for slowing down AI.

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 […]

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

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 […]

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GitHub Copilot gets a new ChatGPT-like assistant to help developers write and fix code.

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 […]

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Zero-ETL, ChatGPT, and the future of data engineering.

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 […]

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Blockchain and AI combine to redefine data security.

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 […]

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Oracle (ORCL)-Owned Cerner Enviza signs AI contract with FDA.

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 […]

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With Bedrock, Amazon enters the generative AI race.

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 […]

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ChatGPT poised to expose corporate secrets, cyber firm warns.

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 […]

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AI boom buoys SaaS growth as cloud market expands: Gartner.

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 […]

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IBM leans on AI, hybrid cloud as infrastructure business stalls.

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 […]

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Tech giants are pouring money into AI as they cut costs elsewhere.

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 […]

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Are you more or less interested in these emerging technologies vs. a year ago?

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.  

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What percent of your IT employees will come to the office at least three days a week in 2023?

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.  

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How will the mix of IT talent in your org change over the next three years?

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.

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How has your organization adjusted its IT strategy and budget for the slower economy?

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 […]

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What is the trend in your organization for custom, proprietary development of applications?

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 […]

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Gartner® Acknowledges Ciklum As A Niche Player In The Magic Quadrant™ For Custom Software Development

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 […]

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Microsoft to cut 10K jobs, expects $1.2B hit in Q2

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 […]

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Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits | CIO

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 […]

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Amazon lost half its value this year as tech stocks got crushed and recession fears grew

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, […]

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IT services Q3 earnings: Five takeaways from the top companies

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 […]

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MergeStat channels open source and SQL to bring ‘operational analytics’ to software engineering

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 […]

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The Most Anticipated Tech IPOs In 2023

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 […]

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From Cloud Migration To Intelligent Edge: It’s Time To Prepare For The Next Wave Of IT/OT Integration

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 […]

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6 CIOs share their 2023 IT predictions

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 […]

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14 data predictions for enterprise growth in 2023

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 […]

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How will the mix of IT talent have used in your org change over the next 3 years

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.

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What’s your mix change between custom build and commercial applications?

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.

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What Percent of your application workload is running in a public cloud?

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.    

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What are your 3 largest IT initiatives currently?

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.  

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How have your IT spending plans changed in the last 6 months considering economic conditions?

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.  

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How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

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.

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16 Most Promising Cloud-Software Startups of 2022, According to VCs

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.

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Databricks vs Snowflake | Deep Dive | Contrary Research

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 […]

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What IT pros need to know about low-code limitations

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 […]

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5 Best Tools for API Integration for Modern Cloud-Based Applications

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.

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Company Documents Show Meta’s Flagship Metaverse Falling Short

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.

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EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

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, […]

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Inside Amazon’s open-source security bet

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?

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Google Cloud makes its pitch

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.

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IT services group Wipro fires 300 employees moonlighting for competitors

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.”

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Some developers are fouling up open-source software

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

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Accenture reports a strong Q4

– 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%

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Is your company using managed services (contractors) to monitor and manage cyber security?

The survey reveals a significant reliance on managed services for cybersecurity among organizations, with 79% affirming their use of contractors for monitoring and managing cyber security. This high percentage indicates a strong trend towards outsourcing cybersecurity tasks, likely due to the complexity and specialized nature of the field. In contrast, 19% of organizations are not […]

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What are your organization’s main concerns about accelerating the deployment of Generative AI?

The survey highlights key concerns organizations have regarding the rapid deployment of Generative AI. The predominant concern is security, cited by 60% of respondents, reflecting the critical need for robust safeguards in AI systems. Complexity is also a significant issue, with 37% acknowledging the challenges in managing these sophisticated technologies. Sourcing talent to manage Generative […]

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Which large language model is your organization using?

The survey indicates a clear preference for OpenAI’s models among organizations using large language models. A majority, 58%, are using GPT-4, showcasing its dominance in the field. GPT-3.5, also from OpenAI, is used by 21%, further cementing OpenAI’s lead. Other models have a smaller share: Google AI’s PaLM 2 is at 5%, Claude v1 from […]

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How has your organization approached Generative AI (e.g., ChatGPT, Bard, etc.)?

The survey data on the adoption of Generative AI technologies such as ChatGPT and Bard shows a diverse range of approaches among organizations. A notable 32% have already deployed these technologies in an enterprise application or process. Meanwhile, 24% are in the prototyping stage for enterprise use, indicating significant interest in exploring Generative AI capabilities. […]

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Do you have major cloud migration projects underway?

The survey reveals a strong trend towards cloud migration among organizations. A significant 42% of respondents are already in the midst of major cloud migration projects. Another 35% are nearing completion of their cloud migration efforts, showcasing a considerable commitment to moving to the cloud. Meanwhile, 14% are at the early stages of their cloud […]

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What percent of your organization’s application workload do you estimate is running in a commercial cloud?

The survey data shows a varied landscape in cloud adoption among organizations. The most significant proportion, 19%, have around 60% of their application workload running in a commercial cloud. Interestingly, there’s a close following with 17% of organizations operating 70% of their workload in the cloud. Lower percentages like 50% and 30-40% are also notable, […]

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AI – ERP AI Chatbots for ERP: Assessing the Benefits and Tools

December 20, 2023: The enterprise resource planning (ERP) industry increasingly incorporates AI chatbots into back-end ERP systems. Most ERP platforms now either offer integrations with third-party virtual assistant tools or use native chatbots. Chatbots can streamline the ability for customers and employees to find information, helping to improve the UX and increase worker productivity. Equally, these chatbots […]

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ENTERPRISE SECURITY 10 of the Most Significant Ransomware Attacks in 2023

December 21, 2023: 2023 witnessed several successful ransomware attacks across many industries, including health, defense, gaming, government, and manufacturing. Many of the firms targeted by the notorious hacker outfit BlackCat included Boeing, MGM Grand, U.S Marshall Services, City of Dallas, Texas, and Western Digital, just to name a few. Along with BlackCat, the Rhysida ransomware gang also […]

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AI TECH – CHINA China Is Stealing AI Secrets to Turbocharge Spying, U.S. Says

December 25, 2023: The US is increasingly concerned with China’s attempts to accelerate its capabilities with stolen American AI (artificial intelligence) technologies. In 2018, alarms were raised when former Apple employee Xiaolang Zhang was arrested for stealing secrets from Apple’s autonomous driving program. This event has underscored the importance of artificial intelligence in the intensifying battle for […]

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GENERATIVE AI Vector Search Is Now a Critical Component of GenAI Development

December 27, 2023: Vector search has found its way into GenAI to enable the training of LLMs by locating similar data points across unstructured data like text. Vector search and storage allow unstructured data to be loaded into data warehouses with the ability to retrieve the data. Vectors allow similarity searches and not only exact matches, […]

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MERGERS AND ACQUISITIONS What Happened in M&A, and What’s Ahead, In Five Charts

December 29, 2023: The mergers and acquisitions (M&A) sector experienced a significant downturn over the last year, reaching its lowest activity level in a decade. However, with potential interest-rate reductions on the horizon, experts are optimistic about a rebound in 2024, as highlighted by The Wall Street Journal through various graphs summarizing the 2023 M&A landscape. The […]

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SHIELD AI – STARTUP Defense Startup Shield AI Raises $300 million at $2.8 billion Valuation

December 29, 2023: Shield AI Inc., a defense startup headquartered in San Diego, has raised an extra $300 million in funding, supplementing the $200 million it received during its Series F round in the previous year. The most recent cash injection comprises $200 million in venture debt from Hercules Capital and an additional $100 million in equity. […]

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OpenAI’s GitHub Copilot Chat Launches into General Availability

December 29, 2023: Microsoft/GitHub, codename CoPilot X, is viewed as an essential tool for software developers already leveraging existing GitHub Copilot. The chat function’s availability is groundbreaking for organizations seeking more optimal ways to create source code. Software engineers new to software engineering projects powered by CoPilot will now have access to the chat interface to pose […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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INTEL BECOMING AN AI COMPANY Intel Spins Out a New Enterprise-focused GenAI Software Company

January 3, 2024: Intel, best known for developing microprocessors in most computers, has announced a new spinout company, This novel company, named Articul8 AI, has entered the Gen AI market. Articul8 AI will deliver enterprise clients with GenAI software that is scalable, secure, and sustainable. Articul8 arises from a proof-of-concept collaboration with Boston Consulting Group (BCG). […]

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AI-EXPERTS SHARING BUSINESS OBJECTIVES Tech Experts Share What to Ask When Adding AI to Business

January 3, 2024: 2024 is when enterprise businesses use that technology to streamline, drive success, and find new efficiencies. Generative AI offers various benefits to companies but only thrives when businesses understand how to integrate AI successfully into their workflows. The first step toward integration should be to establish a use case. Without a clear purpose of […]

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GENERATIVE AI Google Gemini: Everything You Need to Know About the New Generative AI Platform

January 7, 2024: In a groundbreaking move last December, Google unveiled Gemini – its trailblazing GenAI model family, marking a new era in AI. Comprising three distinct models – Nano, the mobile-friendly version; Pro, the versatile all-rounder; and Ultra, the powerhouse – Gemini is set to revolutionize how we interact with technology. Beyond traditional text-based AI, Gemini harnesses […]

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Ciklum expands global presence and acquires Infogen

London, February 7, 2024: Ciklum, a global experience engineering firm with headquarters in London, has announced its acquisition of Infogen, a digital engineering services company, headquartered in the United States. With this deal, Ciklum propels its drive into the North American market and expands its global delivery footprint, strengthening its position engineering the leading digital products […]

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Is your organization planning or executing a major ERP project within the next 12 months?

Nearly half of the organizations surveyed, 47%, are already in the midst of a major ERP project, while 37% are planning to initiate one in the next year. This indicates a significant commitment to enterprise system upgrades within the near future, with only 12% not engaging and 4% undecided.

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What are your three most significant IT initiatives now?

In our latest CIO Survey series, the top current IT initiatives are cyber/data security (36%), artificial intelligence (35%), and cloud migration (29%). These areas are critical focal points for driving technological change and strategic priorities.

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Which large language model is your organization using?

Among the organizations employing large language models, GPT-4 by OpenAI leads with 50% usage, followed by its predecessor, GPT-3.5, at 19%. Other models like Google AI’s PaLM 2, Anthropic’s Claude v1, and various offerings from the Technology Innovation Institute and Stability AI also see utilization, reflecting a diverse ecosystem of AI tools in the industry.

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Is your organization using a large language model?

A majority of organizations currently utilize large language models, showcasing widespread adoption, while 24% still need to implement this technology, and 7% remain uncertain about their engagement with these advanced AI systems.

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How do you expect your IT budget to change in 2024?

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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How do you expect AI to impact your organization over the next two years.

An overwhelming 73% of CIOs anticipate an increase in their IT budgets for 2024, while 15% expect no change, and a minority of 12% predict a reduction, signaling a solid investment trend in the tech sector for the upcoming year.

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Big Tech Struggles to Turn AI Hype Into Profits

October 9, 2023: As AI continues to captivate the global tech industry, giants like Microsoft, Adobe, and Amazon push the envelope with innovative AI tools, drawing significant investor interest. GitHub CoPilot, a notable success story, has amassed 1.5 million subscribers, showcasing AI’s potential to streamline software development. However, the financial sustainability of such AI ventures […]

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GenAI moves into enterprise spend at SAP Spend Connect.

October 11, 2023: SAP has revealed its plans to embed generative AI into its spend management applications; the goal is to automate routine processes and generate context-sensitive content so enterprises can be more efficient and reach their goals faster. SAP’s latest addition to their generative AI agenda includes the Intelligent Spend management applications. Their new […]

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Solix Technologies, Inc. Announces SOLIXCloud Enterprise AI

October 12, 2023: Data fabric and cloud data management company Solix Technologies has recently revealed their SOLIXCloud Enterprise AI platform for generative AI and machine learning. It will focus on enterprise-grade security and privacy, and the platform integrates seamlessly with the existing Solix Cloud Data Management suite, enhancing data quality for AI deployments.  “In order […]

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How PE Firm CFOs Can Make the Case for Modernizing Finance

October 13, 2023: Private equity (PE) CFOs hope to replace existing technology architecture with more robust software. Integrated data solutions, collaborative services, cloud-based modeling applications, and fully integrated cloud ERP are at the forefront.  This focus comes in light of a rapid drop in global deal volume in PE terms, dropping by 23.5% compared to […]

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Generative AI and the Legal Landscape: Evolving Regulations and Implications

October 14, 2023: Integrating LLMs into business operations heralds a new era of efficiency, automating routine processes and significantly amplifying human productivity. Yet, this advancement comes with heightened scrutiny over data privacy, as evidenced by a surge in legal actions against AI implementations. In 2023, the allure of AI was underscored by a remarkable $17 […]

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10 trends Gartner expects to shape enterprise tech in 2024

Oct 16, 2023: Gartner has identified the trends that it expects to shape enterprise technology in the coming year.Top of the list is the growth of generative AI across the enterprise and gen AI’s associated trust, risk, and security challenges, as well as its benefits, such as AI-assisted software development to boost software engineers’ output.  […]

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IDC Forecasts Spending on GenAI Solutions Will Reach $143B in 2027

Oct 16, 2023: The International Data Corporation (IDC) forecasts a robust expansion in generative AI (GenAI) investments, with enterprise spending set to reach $16 billion globally in 2023. This burgeoning sector encompasses costs for GenAI software, infrastructure, and associated services. By 2027, the IDC anticipates this figure will skyrocket to $143 billion, boasting a compound […]

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Reengineering Data Engineering for GenAI

Oct 23, 2023: As the generative AI landscape evolved, leading real-time database solutions provider Kinetica cemented its position by addressing the challenges faced by data engineers.  The company’s accomplishments include facilitating real-time analytics and tackling data engineering complexities, which have traditionally involved heavy pre-planning. The rise of GenAI, however, soon began making it untenable for […]

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Tech Earnings Were Strong. Why Stocks Slipped Into a Correction Anyway

Oct 28, 2023:Technology stocks slumped into correction territory after a wave of poorly received earnings reports from some of the world’s largest companies. On Wednesday and Thursday, the Nasdaq Composite fell 4.1%, the tech-heavy index’s worst two-day stretch of the year. The index has fallen 12% since July. Tech players Alphabet and Meta exceeded expectations […]

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White House AI Executive Order Adds Safety Requirements for Next-Generation Tech

Oct 30, 2023: The Biden administration has recently issued an executive order introducing stringent safety requirements for future artificial intelligence (AI) technologies. The directive targets explicitly foundational AI models that could potentially pose threats to national security or public health and mandates developers to divulge safety outcomes to federal entities. While setting a robust standard […]

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SpringML Announces Merger with Egen, Establishing a Powerful Technology Services Company Unleashing the Power of Data and AI

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 […]

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Participants led by Recognize, with Salesforce Ventures and strategic private investors joining

  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. […]

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How do you expect AI to impact your organization over the next two years.

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. […]

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Will you build your own proprietary LLM that uses your own data?

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 […]

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What automated code generation tool are your developers using?

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 […]

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What are your main concerns about accelerating the deployment of Generative AI?

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 […]

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How has your organization approached Generative AI?

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% […]

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Which Gen AI products are your organizations using most?

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 […]

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ROUNDTABLE – GEN AI – ANALYSIS: Impact Of Generative AI In Tech Services Industry

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 […]

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BLOCKCHAIN – INDIA: JPMorgan turns to Blockchain for dollar trades in India hub 

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 […]

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SALESFORCE – GENERATIVE AI CLOUD: Salesforce announces AI Cloud to empower enterprises with trusted generative AI

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 […]

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BLOCKCHAIN – AI: AI x Blockchain: The Next Level 

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 […]

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ASSET MANAGEMENT: Around A Third of Enterprise Software Spend Is Wasted

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 […]

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ORACLE – GENERATIVE AI: Oracle will collaborate with AI startup and Open AI rival to develop generative AI services 

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 […]

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Google Is Weaving Generative AI Into Online Shopping Features

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 […]

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IT leaders unsure if current tech stack can support AI demands

 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 […]

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GENERATIVE AI: Databricks Strikes $1.3 Billion Deal for Generative AI Startup MosaicML 

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 […]

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US AGENCIES – PERSONAL DATA: US agencies buy personal information on the open market

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 […]

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AI – COPYRIGHT INFRINGEMENT: Sarah Silverman Sues OpenAI, Meta for Copyright Infringement

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, […]

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MediaMint Secures Growth Investment from Everstone Capital and Recognize

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 […]

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Moove IT, December Labs Merge to Form Leading Nearshore Digital Transformation Provider, Qubika

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.

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If your organization has offshore developers, where are they primarily located?

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 […]

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Which marketing automation or account-based marketing platform does your organization use?

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% […]

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What is your primary cloud platform?

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.

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How has your organization approached ChatGPT?

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, […]

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NASSCOM Technology & Leadership Forum 2023

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 […]

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Report: Big Transitions in the Tech Industry

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) […]

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SVB turmoil could mean long-term uncertainty for enterprise IT.

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 […]

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Google embeds enterprise-grade generative AI in its cloud.

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 […]

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Understanding the effects of mass layoffs on the tech sector.

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 […]

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Microsoft’s new Copilot will change Office documents forever.

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 […]

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The case for slowing down AI.

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 […]

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CIOs grapple with the fallout from rush to cloud: uncontrolled costs

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 […]

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GitHub Copilot gets a new ChatGPT-like assistant to help developers write and fix code.

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 […]

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Zero-ETL, ChatGPT, and the future of data engineering.

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 […]

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Blockchain and AI combine to redefine data security.

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 […]

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Oracle (ORCL)-Owned Cerner Enviza signs AI contract with FDA.

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 […]

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With Bedrock, Amazon enters the generative AI race.

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 […]

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ChatGPT poised to expose corporate secrets, cyber firm warns.

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 […]

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AI boom buoys SaaS growth as cloud market expands: Gartner.

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 […]

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IBM leans on AI, hybrid cloud as infrastructure business stalls.

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 […]

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Tech giants are pouring money into AI as they cut costs elsewhere.

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 […]

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2X Receives Strategic Growth Equity Investment from Recognize

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 […]

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Are you more or less interested in these emerging technologies vs. a year ago?

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.  

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What percent of your IT employees will come to the office at least three days a week in 2023?

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.  

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How will the mix of IT talent in your org change over the next three years?

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.

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How has your organization adjusted its IT strategy and budget for the slower economy?

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 […]

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What is the trend in your organization for custom, proprietary development of applications?

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 […]

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Gartner® Acknowledges Ciklum As A Niche Player In The Magic Quadrant™ For Custom Software Development

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 […]

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Microsoft to cut 10K jobs, expects $1.2B hit in Q2

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 […]

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Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits | CIO

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 […]

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Amazon lost half its value this year as tech stocks got crushed and recession fears grew

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, […]

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IT services Q3 earnings: Five takeaways from the top companies

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 […]

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MergeStat channels open source and SQL to bring ‘operational analytics’ to software engineering

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 […]

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The Most Anticipated Tech IPOs In 2023

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 […]

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From Cloud Migration To Intelligent Edge: It’s Time To Prepare For The Next Wave Of IT/OT Integration

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 […]

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6 CIOs share their 2023 IT predictions

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 […]

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14 data predictions for enterprise growth in 2023

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 […]

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How will the mix of IT talent have used in your org change over the next 3 years

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.

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What’s your mix change between custom build and commercial applications?

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.

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What Percent of your application workload is running in a public cloud?

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.    

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What are your 3 largest IT initiatives currently?

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.  

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How have your IT spending plans changed in the last 6 months considering economic conditions?

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.  

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How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

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.

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16 Most Promising Cloud-Software Startups of 2022, According to VCs

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.

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Databricks vs Snowflake | Deep Dive | Contrary Research

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 […]

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What IT pros need to know about low-code limitations

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 […]

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5 Best Tools for API Integration for Modern Cloud-Based Applications

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.

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Company Documents Show Meta’s Flagship Metaverse Falling Short

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.

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EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

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, […]

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Inside Amazon’s open-source security bet

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?

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Google Cloud makes its pitch

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.

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IT services group Wipro fires 300 employees moonlighting for competitors

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.”

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Some developers are fouling up open-source software

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

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Accenture reports a strong Q4

– 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%

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Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

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 […]

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Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

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Torc: How to hire developers using performance metrics

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).

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Torc Announces Launch of Next-Generation Talent Marketplace

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.

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Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

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.

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Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

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.

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AST Announces Strategic Investment by Recognize

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 […]

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Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

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, […]

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WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

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 […]

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Recognize makes strategic investment in SpringML

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 […]

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Ciklum acquires CN Group to expand its European presence

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, […]

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Ciklum Announces Strategic Investment by Recognize Partners

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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Disclosure

Disclosure: The press releases included above are intended as illustrative examples for potential investment sourcing contacts. Opinions and statements expressed herein relate to the named individual’s perspective on Recognize’s investment advisory services and may not reflect the perspective or experience of others. Certain statements about Recognize made by portfolio company executives as referenced herein are intended to illustrate Recognize’s business relationship with such persons, including with respect to Recognize’s aspirational facilities as a business partner, rather than Recognize’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated for their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Recognize-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. Nothing herein is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. Past performance is not indicative of future results. With respect to the posts involving third party news media organizations, such as Forbes India or the Wall Street Journal, please note that such news media organizations are for-profit entities and may have an inherent incentive to portray subjects interviewed in their articles in a positive light to facilitate ongoing content sourcing for publication purposes. However, neither such news media organizations nor the respective article authors were compensated in connection with such article. Neither such news media organizations nor the respective article authors are investors in Recognize’s funds.