rssitbuyer IDC RSS alerts Critical Banking Technologies for the 2020s <P>This IDC Web Conference presents IDC's thoughts on which technologies will be most important to the continued transformation of the banking industry and best position banking institutions for life in 2029. Transformation in the banking industry depends on so many technologies that it becomes a challenge to prioritize implementations in the context of the economic and social needs for the next decade.</P> Web Conference Proceeding: Tech Buyer Thu, 28 May 2020 04:00:00 GMT Jerry Silva, Thomas Zink Enhancing Grid Resiliency and Asset Management in the New COVID-19 Working Environment <P>This IDC Perspective examines how utilities will look at grid resiliency and asset management through a different lens after going through the challenges of the current COVID-19 pandemic. When evaluating the current grid resiliency and asset management process and procedures in place, utilities will look to identify areas where there can be improvements from a cost, time, reliability, and employee safety perspective.</P><P>"As utilities adjust to the new COVID-19 working environment, focus on enhancing the approach to grid resiliency and asset management is at the forefront. Utilities' assets and operations are considered to be critical infrastructure and essential. Ensuring the resiliency of the grid in addition to operating a utility's assets efficiently and safely is top of mind for many utility industry executives," said John Villali, research director, IDC Energy Insights.</P> IDC Perspective Thu, 28 May 2020 04:00:00 GMT John Villali IDC MarketScape: Worldwide Datacenter Transformation Consulting and Integration Services for Infrastructure 2020 Vendor Assessment <P>This IDC study uses the IDC MarketScape model to provide an assessment of several providers participating in the worldwide datacenter transformation consulting and integration (DCT C&I) services for infrastructure market. IDC MarketScape is an evaluation based on a comprehensive framework and a set of parameters that assesses providers relative to one another and to those factors expected to be conducive to success in each market in both the short term and the long term.</P><P>"Information technology plays a strategic role in business operations by driving new operation models, creating competitive differentiation, and enhancing user experience. The IT infrastructure of an enterprise needs to be considered early in the process of any consulting and integration services project. It will be a strategic imperative to assess IT workload, security, and governance requirements to determine the optimal deployment model — whether public cloud, private cloud, edge, or an on-premises datacenter — going forward," says Jed Scaramella, program director, Infrastructure Services at IDC.</P><P>"While the participants in this study are highly capable of delivering datacenter transformation consulting and integration services for infrastructure worldwide, the study aims to differentiate those firms that are investing to be ahead of the market and successfully meeting customers' needs. This requires a strategic road map for helping enterprise customers innovate, differentiate, and compete on technology, operational, and business playing fields. To do this successfully, services firms must have the right mix of people, process, and technology to meet the demand," said Leslie Rosenberg, research vice president, Network Life-Cycle and Infrastructure Services at IDC.</P> IDC MarketScape Thu, 28 May 2020 04:00:00 GMT Leslie Rosenberg, Jed Scaramella IDC PlanScape: Sourcing and PMO Integration <P>This IDC PlanScape provides a recommended path for CIOs and chief procurement officers (CPOs) to transform the process of delivering projects through a unity of focus, reaping the benefits of cost and schedule efficiency. This IDC PlanScape provides guidance that will bring about transparency in the acquisition of goods and services needed for project execution and will bring about the alignment required for enterprisewide creation.</P><P>"Enterprise procurement functions have been around a lot longer than IT organizations, but reporting relationships have not changed in many organizations. We know how different it is to procure paper clips and typewriters for an office than to equip the same office with integrated office automation capability with the variety of sources that implies," reflects Cora Carmody, adjunct research advisor with IDC's IT Executive Programs (IEP). "It is a level of complexity further to equip the corporate functions with the systems standard for today. Adding operational technology to the mix adds to the complexity, often making sourcing transparency worse. Many enterprises have recognized the need to refine their organizational structure and sourcing skills; the next step is to bring sourcing into the project execution process."</P> IDC PlanScape Thu, 28 May 2020 04:00:00 GMT Cora Carmody Post-COVID-19: Procurement Executives Discuss Business Continuity, Supply Chain Resilience, Agile Procurement, and the Future <P>This IDC Perspective shares the experiences of senior procurement executive leaders as they chart their course to find the "next normal." Agility and speed will be the key to a successful recovery for most organizations. Outdated and bureaucratic procurement processes will compound the effects of the recession.</P><P>"Pivoting away from traditional procurement practices and toward agile sourcing can make a significant positive impact to your recovery," says Aaron Polikaitis, vice president of research, IDC's Vendor Sourcing and Management practice.</P> IDC Perspective Thu, 28 May 2020 04:00:00 GMT Dr. Ron Babin, Aaron Polikaitis, Joseph C. Pucciarelli, Martha Rounds SaaS and Cloud Power Intelligent Resilient Supply Chains <P>This IDC Perspective looks at resilient cloud supply chains that drive supply chain resiliency. COVID-19 has challenged the resiliency of global supply chains. The weaknesses exposed provide valuable insight for making structural changes to product and cloud supply chains to enhance the resiliency of business operations. This document explores what you can do to ensure your enterprise is better prepared for future global challenges. </P><P>"SaaS and cloud computing form the bedrock for supply chain innovation. COVID-19 has been devastating for many businesses. However, businesses that have transitioned to a digital operating model find they are better prepared to respond to changing conditions during this period of disruption and whatever lies ahead," according to Frank Della Rosa, research director, SaaS and Cloud Software, and Aaron Polikaitis, vice president, Research, Vendor Sourcing and Management.</P> IDC Perspective Thu, 28 May 2020 04:00:00 GMT Frank Della Rosa, Aaron Polikaitis Building Manufacturing Collaboration Ecosystems: How to Succeed Post COVID-19 <P>This IDC Perspective provides our view on how manufacturing organizations can benefit from business collaboration ecosystems to make their operations and supply chains resilient, flexible, and prepared for future disruptions. </P><P>"Manufacturers that were able to establish and mobilize their collaboration networks during the COVID-19 pandemic were generally able to avoid stopping production. On the contrary, they could smoothly tweak their production and supply lines to react to new circumstances. These companies were the real winners and should provide inspiration for other manufacturing organizations." — Head of IDC Manufacturing Insights Jan Burian, IDC EMEA</P> IDC Perspective Wed, 27 May 2020 04:00:00 GMT Jan Burian Splunk Q1 FY21 Results Show Significant Customer Interest for SaaS, and Broader Platform Adoption <P>Splunk released its Q1FY21 first quarter, with key results including ARR of $1.775 billion, up 52% year-over-year, cloud revenue of $112 million, up 81% year-over-year, total revenues of $434 million, up 2% year-over-year, and GAAP loss per share of $1.94; non-GAAP loss per share was $0.56. The shift to a SaaS model delivered nearly half of total software bookings in the quarter. Other key metrics include GAAP gross margins of 70.4%, and just over $192 million in R&D spending in the quarter. Total ARR grew to $1.775B in the quarter, up from Q1FY20 of $1.167B. While customers are now fully engaged with Splunk's Cloud capabilities delivered via SaaS, some customers manage their own Splunk environment hosted in AWS or Google, and others use the technologies on-premise. </P><P>In the second half of last year, the company initiated a "Data to Everything" branding program, adjusted its pricing model, and broadened the product portfolio through organic product development and acquisitions. Q1 shows healthy market appetite for the product portfolio, accelerated Splunk Cloud (SaaS) and subscription adoption, and the company's ability to migrate on-premise customers to the SaaS model. The company closed 81 deals greater than $1 million, compared to 46 in Q1FY20 indicating customers are looking at Splunk becoming a broader platform in their environments across security, DevOps, and Infrastructure and Operations (I&O) teams. </P> IDC Link Wed, 27 May 2020 04:00:00 GMT Stephen Elliot A Call for Crisis Analytics: The Liquidity and Credit Risk Management Response of Asia/Pacific Banks to COVID-19 <P>This IDC Perspective presents how Asia/Pacific banks are giving intense focus on their risk management frameworks in the context of new and emerging trends born out of the COVID-19 pandemic. Two areas rightfully receive such focus: liquidity risk and credit risk. </P><P>Michael Araneta, AVP for IDC Financial Insights Asia/Pacific says, "Crisis Analytics will be the best-response analytics to the unique features of the current systemic shock, and the surrounding liquidity and credit implications for financial institutions. Crisis Analytics brings together several capabilities that may already be in place within banks but will need tuning for current adverse conditions." </P><P>Araneta continues "The word "crisis' has unfortunately become a description of this juncture in financial services, but could serve as a call to arms for the bank to bring together its capabilities in risk management, analytics, models, data management, and technology."</P> IDC Perspective Tue, 26 May 2020 04:00:00 GMT Michael Araneta, Christopher Lee Marshall European Digital Hospital Key IT Deals and Initiatives Update, 1Q20 <P>This IDC Perspective looks at key developments and news in the European digital hospital industry in 1Q20.</P><P>"The first quarter of 2020 saw a rise of hospital-led digital initiatives for patients with three aims: keep the healthy as informed and far away from the hospital as possible, organize resources to efficiently care for new COVID-19 cases, and support remote care and population screening for those affected. New models of care based on the integration of patient-facing digital care services with the wider hospital IT system have the potential to accelerate patient engagement while supporting hospitals' efficiency and resiliency," said Giulia Besana, research analyst, IDC Health Insights.</P> IDC Perspective Tue, 26 May 2020 04:00:00 GMT Adriana Allocato, Giulia Besana