70% of CIOs No Longer Loyal to Software Vendors, Says Report

In the past, many enterprises were very loyal to their technology vendors, but analysts say that’s changing. A new Gartner report found that 70 percent of CIOs expect to switch to new technology and services vendors within two to three years. Cowen & Co. analyst Peter Goldmacher explains, “Enterprise Software is witnessing a structural and deflationary trend as challengers are disrupting legacy vendors such as Oracle by offering more contemporary products at much lower prices.”

Much of the transition to new vendors is being driven by trends like cloud computing and big data. Gartner writes, “Cloud-based infrastructure as a service (IaaS) and business process as a service (BPaaS) are the two fastest-growing segments [of enterprise technology spend], expanding 44.9 and 12.4 percent, respectively, in 2014. Agility, not cost, will be the primary reason that many organizations adopt cloud computing.”

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin

Overview

The Latest

chrome os developer mode

How to Turn on Chrome OS Developer Mode

Google’s Chrome OS is a popular operating system that is widely used on Chromebooks and other devices. While it is designed to be simple and user-friendly, there are times when users may want to access additional features and functionality. One way to do this is by turning on Chrome OS

homes in the real estate industry

Exploring the Latest Tech Trends Impacting the Real Estate Industry

The real estate industry is changing thanks to the newest technological advancements. These new developments — from blockchain and AI to virtual reality and 3D printing — are poised to change how we buy and sell homes. Real estate brokers, buyers, sellers, wholesale real estate professionals, fix and flippers, and beyond may

man on floor with data

DevX Quick Guide to Data Ingestion

One of the biggest trends of the 21st century is the massive surge in internet usage. With major innovations such as smart technology, social media, and online shopping sites, the internet has become an essential part of everyday life for a large portion of the population. Due to this internet