What Gartner’s $4.4 Trillion IT Spending Forecast Tells Us: It’s A Software Economy
Worldwide IT spending in 2022 is poised to exceed $4.4 trillion, an increase of 4% over 2021, even after growing at the torrid pace of 9.5% the year before. When the pandemic first hit in early 2020, unsure about the business implications, CIOs pulled back...
What GitLab’s $11 Billion IPO Says About In House Software Development: Iterate To Innovate
On October 14, GitLab, a ten-year old coding platform company with just 1,350 employees, went public at a valuation of $11 billion. Just over two weeks later, the stock is up over 50%, giving the company a market capitalization of $17 billion. This valuation is for a...
CIOs: Apply These Lessons From The Pandemic To Win The Recovery
The Bureau of Economic Analysis announced on July 29, 2021 that real economic output of the US grew at an annual rate of 6.5% in the second quarter. Following on the heels of a strong first quarter, US GDP has exceeded its pre-pandemic levels in remarkably short...
The $1.8 Billion Acquisition Of Stack Overflow Aims To Turbocharge The World’s Software Knowhow
In yet another sign that the world is software-driven, Prosus N.V., one of the world’s largest tech investment firms operating as the international Internet assets arm of South African multinational Naspers, announced on June 2 that it’s acquiring Stack Overflow, a...
What Does Hitachi’s $9.6 Billion Acquisition Of GlobalLogic Tell Us? It’s A Software-Driven World
Japanese industrial giant Hitachi Ltd. announced today that it was acquiring GlobalLogic Inc., a privately held digital engineering services company based in Silicon Valley for $9.6 billion. The purchase price values the company’s shares at $8.5 billion, more than...
Five Steps To Thinking Like A Software Company
“The best part of building software is the job is never done. Since starting Box, I don’t think I’ve ever left a customer conversation where this [sic] isn’t something new left to go do. Build the future, listen to your customers, repeat.” Those words come from Aaron...
CIOs: With Vaccines On The Horizon, It’s Time To Accelerate
Now that effective vaccines for Covid-19 are likely to be approved soon, how should CIOs prepare for a post-pandemic world? The timeline for widescale immunization and a return to a world without restrictions is highly uncertain. Still, there’s light at the end of the...
Software Is A Necessary Core Competence: CIOs Must Lead The Way
In the past 18 months, Volkswagen announced delays in the launch of two crucial models, first the eighth generation of its perennial bestseller, the VW Golf, and then its flagship electric car, the ID.3, both due to glitches in software. Herbert Diess, chairman of the...
Will COVID-19 Save Higher Education?
When the pandemic hit hard in March, virtually all U.S. universities switched to online education in a matter of weeks. With no time to prepare, instructors delivered lectures via videoconference, just as they would have face-to-face. Unsurprisingly, results were...