The metaverse—a fast-emerging combination of technologies including augmented and virtual reality, IoT, and blockchain—is poised to change the way financial services organizations and other companies do business. “By blending the physical and the digital worlds, the metaverse is changing the rules of engagement and enabling us to connect without barriers,” says Anupam Singhal, a…
Anxious to meet international standards, satisfy investors, and profit from a growing array of sustainable products, financial services firms are intensifying their focus on environmental, social, and governance (ESG) goals. While the incentives for ESG are compelling, managing programs and demonstrating success are fraught with challenges. But by adhering to the right standards and using…
Data is the powerhouse of digital transformation. That’s no surprise. But did you know that data is also one of the most significant factors in whether a company can achieve its sustainability goals? Business leaders are at a crossroads. On one hand, a perilous financial landscape threatens to stall growth, with companies of all sizes…
Companies across nearly every vertical are finding a transformational lifeline in industry clouds. Swiss biopharmaceutical Idorsia is one such company, having embraced a partnership with industry cloud provider Veeva to survive. In June 2017, Idorsia had a lot on its plate, namely a new company to stand up, with 650 scientists and employees, a robust…
Data governance definition Data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Governance Institute defines it as “a system of decision rights…
Staying in control and securing your data has never been more important! As data privacy regulations continue to evolve, businesses have had to adapt how and where they store data. The EU’s General Data Protection Regulation (GDPR) has been the most newsworthy, requiring all businesses that operate in or have customers in the EU to…
IT services and consultancy firm Accenture said it would lay off 19,000 staffers, or 2.5% of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. “While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our…
Gartner recently cut their expected IT budget prediction from 5.1% to just 2.2% in 2023. This is three times lower than the projected 6.5% global inflation rate. As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So…
By Bryan Kirschner, Vice President, Strategy at DataStax It’s high time to treat HR as every bit as important to your company’s artificial intelligence strategy as IT. Alongside all the evidence that getting your developers working on AI is good for your business, there’s mounting proof that even providing the opportunity to work on—and work…
How many IT services vendors do you rely on? Splitting responsibility for the IT organization into multiple outsourcing vendors, overseen (or overlooked in some unfortunate cases) by a small IT management team, has become a popular practice. Hardly “best practice” — a meaningless but popular justification for doing things a certain way — but popular…