Remove 2022 Remove Digital Transformation Remove Forecasting Remove Uncertainty
article thumbnail

Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

foreign-exchange impact compared with the third quarter of fiscal 2022,” the company said in a statement. Uncertain macroeconomic conditions have forced technology companies to announce massive layoffs since 2022 through 2023. “Accenture expects revenues for the third quarter of fiscal 2023 to be in the range of $16.1 billion to $16.7

article thumbnail

IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations.

IT 91
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The top 7 FP&A trends for 2023

Jedox

In times of uncertainty and change, technology can drive our ability to adapt quickly. Organizations that have accelerated digital transformation and invested in upskilling their talent to embrace this transformation may find themselves in a better position to leverage the full potential of their tech investments.

article thumbnail

Finance Teams Are Alarmingly Less Efficient Than a Year Ago, According to New Research from insightsoftware

Jet Global

In 2022, despite continued economic headwinds, finance teams were optimistic about the future and preparing for growth. As tighter budgets are slowing down hiring from an already limited talent pool, fewer finance professionals are prioritizing automation: only 25% of respondents, down 15% from 2022.

Finance 52
article thumbnail

A Combined Broadcom & VMware: Clouds and Sovereignty

CIO Business Intelligence

The Information Technology and Innovation Foundation found that the number of laws, regulations and government policies requiring digital information to be stored in a specific country more than doubled globally over the most recent four-year period.

article thumbnail

Unlock sustainability and efficiency with Dell APEX

CIO Business Intelligence

By embracing as-a-service offerings, organizations can accelerate their digital transformations and integrate sustainability into their operations. The traditional procurement cycle often requires early forecasting of IT infrastructure, which can be challenging due to uncertainties in technology advancement and business growth.

article thumbnail

Top 10 business needs driving IT spending today

CIO Business Intelligence

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. The State of the CIO report found that 59% of CIOs are planning to spend more in 2022 than they did in 2021.

IT 135