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    Fairfax Outlines ‘One-Stop’ Financial Vision for India with ₹528B IDBI Bank Acquisition

    PHOTO CREDIT -IBM

    IBM and Siemens Collaborate on Research to Advance Nanostack Architecture

    Raji-Doshi-YSC-winner8th grader Raji Doshi is the winner of the 2026 3M Young Scientist Challenge, the nation’s premier middle school science competition. She won by engineering a natural algae-and-aragonite system, an inventive solution to address ocean acidification by increasing alkalinity and removing carbon dioxide from seawater.PHOTO CREDIT -3M & DISCOVERY EDUCATION

    13-Year-old Raji Doshi named America’s Top Young Scientist for inventing an algae-aragonite alkalinity system to reduce CO2-driven ocean acidification

    Blackstone Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos’ Security Enterprise Solutions Businesses

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  • National
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    TTD Clarifies Operational Status of Tirupati Manufacturing Unit Amid Social Media Rumours

    PHOTO CREDIT-HSBC

    HSBC India commits INR 200 crore to advance financial literacy.

    PHOTO CREDIT-The Foundery ,The Foundery Opens Cohort 2

    The Foundery Opens Cohort 2: The Search for India’s Next Generation of Entrepreneurs Begins

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    Karnataka Police Launch National Motorcycle Rally to Counter Cross-Border Drug Trafficking.

  • Business

    Fairfax Outlines ‘One-Stop’ Financial Vision for India with ₹528B IDBI Bank Acquisition

    Tech Mahindra Q2 FY27 EBIT rises to ₹2,387 crores, up 40.5% YoY; Board recommends Bonus Share Issue in the ratio of 1:1; New deal-wins at USD 1,023 Mn, up 25.4% YoY

    Wipro Navigates Muted IT Demand; Large Deal Wins Hit Multi-Quarter Low at $674M

  • Health
    L To R
•Dr.Ilankumaran Kaliamoorthy,Chief Executive Officer,Apollo Hospitals,Chennai region.
Dr. Neville A.G. Solomon – Director – Paediatric Cardiothoracic Services, Apollo Children’s Hospitals
* Dr. C.S. Muthukumanaran – Senior Consultant & Head, Paediatric Cardiology, Apollo Children’s Hospitals
*
* Dr.Sushila Narayanasamy,Unit Head,Apollo Women’s and Children’s Hospitals,Chennai

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    The Business of Preventive Care: Ramaiah Memorial Hospital Unveils ‘Don’t Miss A Beat’ Multichannel Wellness Initiative.

    Marsh India and Apollo Hospitals Partner with BHB Foundation to Deploy Smart Life-Support Fleet in Chennai

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    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

    Narayana Nethralaya Hosts Prekshan 2026; Institutionalizes Best Performance Awards for Eye Collection Centers

  • Technology
    • All
    • Environment
    • Science

    Karnataka and North East England Eye Strategic Tech Corridor for Space and AI Collaboration.

    The facility was inaugurated by Chief Guest Dr. Sridhar Vembu, Chief Scientist & Co-Founder, Zoho Corp, and Guest of Honour Dr. Marcus Rommel, CTO, ConScience, in the presence of Dr. Sharath K. Rao, Vice Chancellor, MAHE; Lieutenant General (Dr.) M. D. Venkatesh, VSM (Retd.), 7th Vice Chancellor, MAHE and Advisor to MEMG; Prof. (Dr.) Madhu Veeraraghavan, Pro Vice Chancellor, MAHE Bengaluru; Dr. Karunakar A. Kotegar, Pro Vice Chancellor, Technology & Science, MAHE; Dr. Raghavendra Prabhu, Additional Registrar, MAHE Bengaluru; Prof. Iven Jose, Director, MIT Bengaluru; and Mr. Vishal Chatrath, Co-Founder & CEO, QuantrolOX.PHOTO CREDIT-MIT

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    Union Minister Dr. Mansukh Mandaviya leads youth in fitness activities, anti-drug pledge and a 5.5-km cycle rally

    Dr. Mansukh Mandaviya to Lead 94th Fit India Sunday on Cycle in Varanasi

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

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    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

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    Air India opens a new gateway to Japan with non-stop Delhi-Osaka flights starting February 2027

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    TTD Announces October Festival Matrix; 9-Day Srivari Navaratri Brahmotsavams Start Oct 12.

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    Healthcare Innovation: Apollo Hospitals Pioneers India’s First Size-Adjustable Urological Stent Prototypes

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IBM Study: Majority of Surveyed Companies are Not Prepared for IT Needs of the Future, Say U.S. and U.K. Tech Leaders

FWM by FWM
January 4, 2021
in Business
0
IBM Corporation logo. (PRNewsfoto/IBM)

IBM Corporation logo. (PRNewsfoto/IBM)

Nearly a quarter of CIOs and CTOs surveyed say they are just starting their IT modernization journey or have yet to begin modernizing.

– To meet these needs, nearly 80 percent of leaders surveyed say there will be a higher reliance on partners that can provide managed infrastructure services.

ARMONK, N.Y., Jan. 4, 2021 /PRNewswire/ — Many corporate IT leaders say their organizations are not prepared for the future IT needs of the business and nearly all are moving to advance their transition to cloud infrastructure, according to a new IBM (NYSE: IBM) survey of leaders at mid-sized and large companies in the United States and United Kingdom.

Of the 380 CIOs and CTOs who participated in the survey, 60% say their company’s IT modernization program is not yet ready for the future, according to the recently completed The State of IT Transformation Study conducted by the Managed Infrastructure Services unit of IBM’s Global Technology Services division. Nearly a quarter of CIOs and CTOs (24%) surveyed say their company is just starting its IT modernization journey or has yet to begin modernizing, with about a third surveyed saying they are still in the midst of transformation.

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As a result, more than 95% of IT leaders surveyed said they are looking to adopt public, hybrid or private cloud strategies. Of those, many are moving at an aggressive pace — the study reveals that 53% of respondents are aggressively pursuing a public cloud strategy, 48% a hybrid cloud strategy and 45% a private cloud strategy.

“Our clients are looking to accelerate IT modernization by leveraging cloud models – both public and hybrid, data, AI, automation and other key technologies to help shape, scale and manage more effectively massive, complex, global architectures,” said Archana Vemulapalli, General Manager, IBM Infrastructure Services – Offerings and CTO. “In this rapidly changing digital business environment, organizations can bring in the right technology and the right partners to help aggregate, integrate, build and maintain a scalable digital business, while also enforcing effective governance.”

The pressures on IT infrastructures brought on by the COVID-19 pandemic have further accelerated the need for cloud infrastructure, professional skills development, and security upgrades, the survey found. More than 60% of technology leaders surveyed say they expect increased demand for cloud infrastructure to be permanent.

Even as IT leaders are feeling increased urgency to accelerate their organizations’ transformation, migrating to a multi-cloud environment can present significant challenges to organizations with legacy applications running large data pools.

What’s more, many surveyed technology leaders are not sure they have the right teams in place. A full 40% of survey respondents do not feel their teams have the right skills to fully meet their IT ambitions, and more than three in four surveyed say they will rely more on trusted partners that can provide managed infrastructure services.

Most CIOs and CTOs (67%) surveyed cite the need for increased infrastructure flexibility as driving the digital transformation, followed by the need for competitive advantage (61%), cost savings (58%), increasing globalization (54%) and meeting client demands (45%).

While the majority (60%) of CIOs and CTOs surveyed say their company’s IT modernization is not yet ready for the future, the study revealed significant differences in the U.S. and U.K. markets. For example, while approximately 56% of U.S. respondents say they are aggressively moving their IT infrastructure to hybrid cloud, only 38% of respondents in the U.K. describe their approach as aggressive. And while 56% of CIOs/CTOs surveyed in the U.S. say their IT infrastructures were completely prepared for the business changes brought on by COVID-19, only 23% of U.K. managers surveyed felt as prepared.

 

Tags: CIOs/CTOCOVID-19.IT modernization
FWM

FWM

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