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    Bosch Limited registers 13.8% profit after tax in FY 2025-26.

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    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

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    PHOTO CREDIT-Sagrada Família

    Blessing and inauguration of the tower of Jesus Christ.

    Syngenta to divest its Flowers business into a Joint Venture with Dümmen Orange.

    Stellantis and JLR to Explore Collaboration Synergies for Product Development in the U.S..

    Equinor signs 5-year agreement for supplies to Germany.

    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

  • National
    • All
    • Economy & Politics
    • Election

    Dr Agarwals Eye Hospital Celebrates a Decade of Excellence in Mysuru.

    BPCL Announces 94 Percent Jump in Profit After Tax

    Barbeque Nation presents with Kenneth Gopinath.

    Muthoot Finance Ranked India’s No. 1 Most Trusted Financial Services Brand for 10th Consecutive Year.

    Karnataka State Police Data Center receives international ISO/IEC 27001 certification.

    HCG Expands Oncology Presence with New Hebbal Hospital.

  • Business

    Bosch Limited registers 13.8% profit after tax in FY 2025-26.

    BPCL Announces 94 Percent Jump in Profit After Tax

    Syngenta to divest its Flowers business into a Joint Venture with Dümmen Orange.

  • Health

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    National Stroke Conclave Recognizes Outstanding Rehabilitation Services of Parul Ayurved Hospital for Stroke Patients.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    The Superfood Sweetener .

    Global health gains face threat of reversal .

  • Technology
    • All
    • Environment
    • Science

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    AI-Powered Financial Inclusion in India

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    India’s AI Boom Faces Reality Check as ROI and Governance Lag: ISACA Report.

    CAQM conducts inspection drive in Noida, directs Intensified Mitigation and Strict Enforcement

  • Auto

    Stellantis and JLR to Explore Collaboration Synergies for Product Development in the U.S..

    Union Minister HD Kumaraswamy Chairs High-Level Consultation to Accelerate Adoption of E-Buses and E-Trucks Across India.

    Stellantis Announces Groundbreaking, Small and Affordable E-Car Project .

    Renault Niagara: the name of the new robust versatile pick-up designed for Latin America

  • Sports

    TATA IPL 2026 Playoffs tickets to go live from May 20.

    Tributes, tradition mark the inauguration of SM Krishna Memorial Open

    8 Indians in main draw as SM Krishna Memorial Open begins new Challenger era.

    Bombay Shirt Company and JioStar Unite to Bring a Fresh Take to ‘On-Air Styling’ for India’s Biggest Summer Cricket Broadcast.

  • Entertainment

    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.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

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

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel

    Barbeque Nation presents with Kenneth Gopinath.

    HCG Expands Oncology Presence with New Hebbal Hospital.

    Manipal Hospital Whitefield Celebrates a Landmark Achievement in Robotic Surgery.

    Abbott Launches Ensure® Strength Pro in India to Support Healthy Ageing.

    Lulu Hypermarket NOW OPEN AT GOPALAN GRAND MALL ,Old Madras Road,Bengaluru.

    Union Railway Minister Ashwini Vaishnaw Flags Off Bengaluru–Mumbai Express Train Strengthening Rail Connectivity Between Karnataka and Maharashtra

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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

by FWM
January 4, 2021
in Business
0

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

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