The highly integrated digital world of today’s businesses is more dynamic than ever. Consequently, executives need to make decisions more quickly than in the past. However, business decisions are often difficult to make; thus, executives often delay making decisions well beyond when action is necessary. Or they make decisions quickly because action is necessary,
Over the past seven years, almost all large companies made substantial progress in implementing digital transformation across a wide variety of functions. At the core of those enormous investments and efforts was building software-defined operating platforms, which put companies on a trajectory to fundamentally change how they operate their business. However, studies show many
Companies in every industry are moving down the path of software-defined platform operations. It’s happening across the board, especially at the functional level. And for good reason: companies realize they can achieve their objectives much quicker and more effectively than with the previous model of process-driven operations. This inevitably creates enormous change throughout an
Companies that contract with third-party service providers to build and evolve digital platforms that help them compete must understand that this calls for a different kind of relationship. A partnering relationship with a deep commitment between both parties. A much more dynamic, fluid relationship. Not an arm’s length relationship with a provider that focuses
Every large firm in North America, Europe, and the industrialized world is going through a fundamental transformation to emulate how tech companies operate. We’re early in this transition, but this new way of operating and competing is so fundamental that it will continue even during a recession. The demand for IT and engineering services
Regulatory agencies are driving companies in the US and the EU to make commitments to comply with Environmental, Social, and Governance (ESG) criteria for corporate behavior and financial performance. Focusing on ESG initiatives and investments is growing in importance and starting to significantly influence the marketplace, particularly for services and products. Two trends are
A deep interest in the metaverse is emerging. It comes at a time when companies increasingly want to fund value-creation initiatives that enable competing better and engaging clients and employees in new and better ways. To help your company consider how it could benefit from the metaverse, I’ll discuss in this blog what companies
Attracting and retaining a talented tech team is the most important success factor for the long-term success of CIOs and their agendas. But it is also their most difficult, nettlesome challenge, especially in today’s hot, cutthroat marketplace for IT and engineering skills. Companies have reached out to Everest Group for help understanding the complex
Low-code platforms are software solutions now creating a major shift in how companies can develop their applications and enhancements to functionalities faster. But will they reduce the need for highly skilled engineers that build and evolve digital platforms? Will low-code solutions be transformative and, if so, what are the implications? Read more in my
The war in Ukraine has been ongoing for over 100 days. It’s already impacted the IT sector on both a local and global scale. More than 14 million people have fled their homes since Russia’s invasion of Ukraine, and the IT industry has been hit hard. It was booming as exports rose by 36%