IT budgets tightened during the pandemic. IT management must look closer at which cost cutting measures can help them recover from a difficult year.
Short-term cost-cutting measures helped companies survive an ever changing business landscape through 2020, but those quick fixes could lead to downfall in 2021 if IT leaders fail to strategically navigate future investments.
As IT budgets bounce back from pandemic cuts, strategic budget management is necessary to transform from cost-cutting measures to value creation, said Chris Ganly, senior director analyst at Gartner, during a Gartner IT Symposium/Xpo Americas session Monday .
And here's another article:
IT firms' budget for cloud to grow further | BusinessWorld
SPENDING of technology companies on cloud computing will continue to grow over the next year and beyond, global management consulting firm Bain & Co. said.
Technology firms paused many of their IT-related investment plans at the onset of the coronavirus crisis, the firm said in its latest report.
"Early in the pandemic, IT decision makers said they expected decreased spending on software maintenance contracts and on-premise IT to continue at least through 2021. The expected spending reductions have only grown more pronounced as the pandemic has unfolded," it added.
Corona Capital: U.S. state budget woes – Breakingviews
Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
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Gamble and prosper. It pays to be skeptical when analysts kick off their questions on a company earnings call with words like "congratulations," "terrific" and "awesome." That said, Procter & Gamble is, as they might put it, crushing the pandemic. The $350 billion consumer-goods behemoth reported net sales up a whopping 9% year-on-year in the quarter to Sept. 30. The company's home care business – basically cleaning products – saw organic sales increase more than 30%.
Netflix's subscriber growth slows, but company isn't worried about running out of content - The
"The state of the pandemic and its impact continues to make projections very uncertain, but as the world hopefully recovers in 2021, we would expect that our growth will revert back to levels similar to pre-COVID," Netflix's letter to shareholders reads. " In turn, we expect paid net adds are likely to be down year over year in the first half of 2021 as compared to the big spike in paid net adds we experienced in the first half of 2020."
The biggest advantage Netflix had over its competitors until now was a constant stream of new shows and films. That's because by the time the pandemic hit, content for Netflix's 2020 year was largely shot and in post-production , able to be finished remotely. Now, Netflix is about to be in the same boat as its competitors. Hastings and Sarandos have spoken about how difficult getting back into production has been, especially in the United States.
In case you are keeping track:
Zelensky expects gambling business to bring UAH 5B to state budget in 2021
"Thousands of illegal casinos have been closed across the country. The law on the legalization of gambling business has been approved," Zelensky said in his annual address to the Verkhovna Rada, an Ukrinform correspondent reports.
The President also added that almost 1,000 illegal filling stations had been closed across the country. As a result, official filling stations reduced the price of gasoline, he said.
In addition, Zelensky stressed that Ukraine's Ukrspyrt monopoly was liquidated, and the first alcohol company was privatized last week. "This process should be continued, which could increase revenues to the treasury by almost eight times soon," the President added.
How to Create an Amazing Video Ad Without Breaking the Bank - The Hour
As we all spend more time glued to our phones and computers, video is becoming an even more important medium for advertisers to reach consumers. More than half of consumers globally cited video as the type of content that they want to see from the brands and businesses they support .
That’s great news for brands, because creating a compelling video ad is accessible to even the smallest, scrappiest startups.
I know what you’re thinking. Who am I — the head of an agency that once rolled two cars off a cliff for a FiberFix ad — to talk about making an ad on the cheap? The truth is, it’s not about how much money you spend, it’s about doing the important work up front to ensure you use your marketing dollars in the most efficient way possible.
Budget Travel Company SmarTours Files for Chapter 11 Bankruptcy
Capricorn on schedule and budget at Karlawinda gold development | The West Australian
ASX-listed aspiring gold producer, Capricorn Metals, says it is on track to pour first gold by mid-2021 at its under-construction, stand-alone Karlawinda gold mine about 60km south-east of Newman in the Pilbara with the development proceeding on time and budget.
The project's estimated CAPEX remains in line with earlier guidance of $165 million to $170 million and construction work at Karlawinda is on schedule for gold production start-up in the June quarter next year.
Happening on Twitter
The IMF's latest global economy report shows climate action actually supports growth. It marks a move away from se… https://t.co/Ex3yrk2agH kmac (from Sydney) Sat Oct 17 23:35:06 +0000 2020
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