#Technology Investment

[permirauk]

Navigating the Tech CFO's Dilemma: Balancing Core Stability with Agile Innovation

The role of the technology CFO has never been more complex. Tasked with driving growth while navigating a rapidly evolving tech landscape, CFOs face a critical balancing act: maintaining the stability of core financial systems while embracing innovation to stay ahead of the curve.

Permira recently gathered our network of North American Tech CFOs to discuss key priorities and challenges shaping their technology investment decisions. Here’s what we learned:

The ERP Balancing Act

ERPs remain mission-critical, consuming roughly 40% of software budgets according to our group of CFOs. While this spend is projected to grow, non-ERP solutions are also gaining traction, reflecting the need for specialized, best-of-breed tools alongside core systems. 

CPM: High Value, High Stakes

In discussions with our network of Tech CFOs, Corporate Performance Management (CPM) solutions were recognized for yielding the highest strategic value to their respective company – and more than half of the CFOs identified CPM vendors as difficult to switch out, attempting to keep it separate from ERP re-bundling even during a cloud ERP migration.

The Rise of the Machines (and AI)

Generative AI is on the radar, with CFOs recognizing its potential to automate tasks and optimize functions like FP&A, AR, and AP. Our  Tech CFOs expect Gen AI to act as an accelerant over the next 5 years – it’s not just hype. Expect to see increased investment in AI-powered solutions that drive efficiency.

Read full blog here: https://www.permira.com/news-and-insights/insights/navigating-the-tech-cfos-dilemma-balancing-core-stability-with-agile-innovation

[cannabisbusinessexecutive]

Overcoming Challenges in the Cannabis Industry: Cash Flow, Strategy, and Technology Insights

By Dave McManus As the cannabis industry evolves, operators at every level are faced with unique challenges. From managing cash flow to ensuring compliance and refining operations, the pressure to balance day-to-day demands with long-term strategy is immense. As market dynamics shift, businesses must adapt quickly and efficiently to remain competitive. But with so many moving parts, it can be…

[kylejsugarman]

only thing i know for certain is that if "breaking bad" took place during modern times, jesse would've used his cash to buy a drone and there would've been a sick ass sequence filmed from drone perspective and one episode cold open would've been all scary and sinister and it would end with an ominous shot of the drone laying all crushed and fucked up on the floor to imply harm done to jesse. and it would be really sad

[foxnangelseo]

India's Tech Talent: Offshore Development and IT Outsourcing Investment

India has long been recognized as a global hub for technological expertise and innovation. With a burgeoning tech landscape and a pool of skilled professionals, the country has made significant strides in the realm of offshore development and IT outsourcing. The convergence of a highly skilled workforce, cost-effective solutions, and a conducive business environment has solidified India's position as a preferred destination for companies worldwide seeking to invest in offshore development and outsource their IT operations.

Overview of India's Tech Industry

The Indian tech industry has experienced remarkable growth over the years, evolving from its nascent stages to becoming a powerhouse in the global technology arena. The journey traces back to the 1980s when India's IT industry began to take shape with a focus on software development and services. Since then, it has expanded exponentially, encompassing a wide array of domains such as software development, IT services, engineering, R&D, and more recently, emerging technologies like AI, blockchain, and IoT.

Importance of Tech Talent in Global Markets

Tech talent plays a pivotal role in shaping the competitive landscape of global markets. India's robust talent pool has been instrumental in propelling the country's tech industry forward. The availability of a vast workforce skilled in software engineering, programming, data analytics, and other specialized domains has been a key factor driving India's success in catering to the needs of diverse industries worldwide.

Significance of Outsourcing and Offshore Development

Outsourcing and offshore development have become integral strategies for businesses looking to optimize their operations and remain competitive. Outsourcing involves delegating specific tasks or functions to external service providers, while offshore development refers to the practice of establishing development teams or centers in other countries, typically to leverage cost benefits and access specialized skills. India has emerged as a preferred destination for both these practices due to its conducive business environment, cost-effectiveness, and a skilled workforce proficient in various technologies.

In the next sections of this blog, we'll delve deeper into India's tech landscape, the evolution of offshore development, the significance of IT outsourcing, and explore the myriad investment opportunities that India's tech industry presents. Moreover, we'll highlight the factors that contribute to India's robust tech talent pool, elucidating why the country remains a hotspot for global businesses seeking to invest and leverage its vast potential.

Stay tuned as we explore the intricate facets of India's tech prowess and the lucrative opportunities it holds for investors and businesses looking to capitalize on offshore development and IT outsourcing.

I. India's Tech Landscape

A. Historical Development of India's Tech Industry The evolution of India's tech industry is a testament to the nation's resilience, adaptability, and technological prowess. Initially focusing on software services and development, India's tech landscape gained traction in the 1990s when economic reforms liberalized the market, encouraging foreign investments and collaborations. This era marked the establishment of numerous IT companies and laid the foundation for India's emergence as a global technology hub.

B. Present Scenario: Growth and Trends Today, India's tech sector stands at the forefront of innovation and growth. The country has witnessed a rapid proliferation of startups and technology-driven enterprises, disrupting traditional business models and pioneering groundbreaking solutions. With a robust ecosystem fostering innovation and entrepreneurship, India continues to attract investments from multinational corporations, venture capitalists, and tech enthusiasts globally.

C. Key Factors Driving India's Tech Success Several factors contribute to India's tech success story. The availability of a vast talent pool proficient in technology, engineering, and scientific disciplines remains a cornerstone. Additionally, a favorable regulatory environment, supportive government policies, and a growing digital infrastructure have all played pivotal roles in nurturing the growth of India's tech industry.

II. Understanding Offshore Development

A. Definition and Scope Offshore development involves setting up development teams or centers in other countries to facilitate software development, testing, and maintenance processes. This strategy enables companies to leverage specialized skills, cost advantages, and round-the-clock operations while maintaining quality standards.

B. Advantages of Offshore Development India's prominence in offshore development is attributed to various advantages it offers. These include a large pool of skilled professionals adept in various programming languages and technologies, cost-effectiveness without compromising quality, streamlined communication channels, and adherence to strict data security and intellectual property protection measures.

C. India's Position as a Premier Offshore Development Destination The country's reputation as a premier offshore development destination has been solidified over the years. Indian companies, as well as multinational corporations, have established offshore development centers to harness India's talent pool and technical expertise. Industries ranging from healthcare, finance, e-commerce, to manufacturing have benefited from offshore development in India, reaping the advantages of scalability, flexibility, and access to specialized skills.

III. IT Outsourcing in India

A. Role of India in IT Outsourcing India has been a frontrunner in the global IT outsourcing landscape. The country's IT service providers offer a wide spectrum of services, including software development, application maintenance, infrastructure management, and business process outsourcing (BPO). Indian companies cater to diverse industries across the globe, providing cost-effective and high-quality solutions.

B. Why Companies Outsource to India Businesses opt to outsource to India due to several compelling reasons. The country's skilled workforce, domain expertise, robust IT infrastructure, adherence to international quality standards, and competitive pricing structures make it an attractive destination for outsourcing IT operations.

C. Success Stories and Case Studies Numerous success stories and case studies highlight the efficacy of IT outsourcing to India. From Fortune 500 companies to startups, businesses have reaped significant benefits by partnering with Indian service providers. These collaborations have resulted in innovative solutions, cost savings, faster time-to-market, and enhanced operational efficiency for client organizations worldwide.

India's tech industry stands as a testament to the nation's journey from a budding IT landscape to a global technology powerhouse. The evolution, growth, and success of India's tech ecosystem have been shaped by a confluence of factors, making it an enticing destination for offshore development, IT outsourcing, and lucrative investment opportunities./strong>

A Land of Opportunity: Investment Prospects in India's Tech Industry The Indian tech landscape presents a myriad of investment prospects across various sectors. With a conducive business environment, government initiatives promoting innovation and entrepreneurship, and a robust digital infrastructure, India beckons investors seeking to capitalize on its burgeoning tech ecosystem. Sectors like AI, machine learning, cybersecurity, IoT, and cloud computing offer immense growth potential, providing opportunities for collaboration, investment, and market expansion.

Global Leadership in Offshore Development India's position as a global leader in offshore development remains unchallenged. The country's proficiency in delivering high-quality software solutions, cost-effectiveness, and access to a diverse talent pool continue to attract businesses worldwide. Organizations leverage India's expertise in offshore development to enhance operational efficiency, accelerate product development cycles, and tap into specialized skills that drive innovation.

Pioneering IT Outsourcing Hub

The significance of India in the realm of IT outsourcing cannot be overstated. The country's IT service providers cater to a wide array of industries, offering comprehensive solutions that align with global standards. Collaborating with Indian firms allows businesses to achieve cost savings, access specialized expertise, and focus on core competencies while leveraging the scalability and flexibility inherent in outsourcing operations.

India's Tech Talent Pool: A Strategic Advantage The backbone of India's tech prowess lies in its skilled and adaptable workforce. The country boasts a vast talent pool equipped with technical expertise, problem-solving abilities, and a penchant for innovation. The education system, with its emphasis on science, technology, engineering, and mathematics (STEM), produces a steady stream of skilled professionals ready to tackle the challenges of a dynamic tech landscape.

Looking Ahead: Opportunities and Challenges

As India's tech industry continues to evolve, it faces both opportunities and challenges. Embracing emerging technologies, fostering a culture of innovation, and addressing the skill gap will be crucial for sustaining growth. Additionally, ensuring cybersecurity, data privacy, and regulatory compliance remains imperative to maintain India's credibility as a reliable tech partner on the global stage.

Final Thoughts: The Future of India's Tech Industry

In conclusion, India's tech industry stands poised at the cusp of transformational growth. The convergence of technological innovation, entrepreneurial spirit, and a talented workforce propels the nation towards becoming a global leader in technology-driven solutions. The scope for investment, collaboration, and innovation in India's tech landscape remains vast, offering opportunities for businesses, investors, and tech enthusiasts alike to contribute to and benefit from this ever-evolving ecosystem.

As we witness the continuous evolution of India's tech prowess, it is evident that the country's journey from an outsourcing destination to an innovation hub is both promising and inspiring. The narrative of India's tech industry is one of resilience, adaptability, and unwavering commitment to technological advancement, making it an indispensable player in the global tech arena.

This post was originally published on: Foxnangel

[procurement-insights]

Supply Chain Management is finally the "top priority" for companies ahead of cybersecurity and sales management

Are procurement professionals ready to be the No. 1 company priority?

The 2022 KPMG Global Technology Report indicates that Canada has quietly become a global leader in innovation, with a growing number of IT startups and fin-techs, as well as innovation communities and partnership networks. Canadian companies that embrace the partner ecosystem—which could include third-party service providers, technology companies, and advisors—can leap ahead in the race to…

[muffinlance]

That moment when you have to completely stop using Google docs for your writing because the AI spellchecker is actively, insistently wrong, when it catches things at all

Anyway here's me crawling back to LibreOffice and Scrivener like the disloyal hussy I am

[newtiative]

Curse of competence | @newtiative Chris Williamson (born 23 February 1988) is an English podcaster and YouTuber.

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Learn from founders. Invest wisely. Achieve financial freedom.

Follow for expert analysis, inspiring stories, and actionable tips.

[herotome]

How controversial were the tests to find out if newborns had powers?

Extremely!!!!!

[sleepy-crypt1d]

i love the idea that jack is a nerd about space, why? because im a nerd about space and also that man needs hobbies and im saying it's space

[atalante241]

About Genshin Impact and the technology of Teyvat

We get a kamera at the start of the game from Xu for the “Snapshot” world quest. In it Xu remarks that the kamera is a new invention from Fontaine.

Xu shows surprise at the Traveler knowing what it is, this supports the idea of the kamera being a new invention meaning it’s pricey and rare to have at this point. Later on, on the Traveler’s journey, we get quests to take pictures of things. This could mean that the kamera is becoming more widespread a time goes on, or just the knowledge of it.

During the 4.3 Fontinalia Festival the focus was placed of films. This was an attempt by the Fontaine Film Association to introduce films to the populace, making the main point of the festival the films produced for it.

This would give idea to films still being a new invention, as they aren’t widespread, just like how the kamera was at the start of the game which was about 3 years ago. And based off of Furina’s Character Demo “Furina: All the World’s a Stage” we can assume that the films recorded were black and white in quality. Unless, we assume that the mini-games during the 4.3 “Roses and Muskets” event were canonical in the way they showed the film quality. No noise was shown in either, but one was in color the other not.

This gives us an estimate of where — technological advancement vice — Teyvat is compared to our world. Films started becoming a thing at the end of the 1800s and start of the 1900s. Colored film started showing up around the 1930s, but became more accessible and profitable later on. Films started getting sound added to them around the mid-to-late 1920s. This gives us an estimate of around the start of the 1900s placement vice.

Now I’d like to bring up Khaenri'ah. It was heralded as “the pride of humanity” as said by Dainslief. Khaenri'ah has more than one notable scientific aspect linked to it, one of these being the “Field Tillers” aka Ruin Machines. Ruin Machines vary from “simple” Ruin Guards to a Ruin Serpent(s).

Ruin Machines seem to have been around for a while, since the Archon War even given the Ruin Hunter stored by Guizhong in a domain. This means that the technology may have been around for 1000s of years, likely being used as a defense method during the war and preserved thereafter. The knowledge of this technology didn’t spread much beyond Khaenri'ah, this showing through how the people of Teyvat started calling the Ruin Machines “Ruin Machines” after they spread globally after the Cataclysm.

Around Sumeru there exist three giant Ruin Machines called “Ruin Golems”. These were giant mecha style machines were piloted by a crew of people, and — get this — include a colored screen. By screen I mean the type of screen you’re viewing this through, footage from outside the Ruin Golem being broadcasted to the screen to allow the people piloting to see where they’re going or what they’re doing.

During the “Vimana Agama” world quest that was apart of the Aranyaka quest line we can go into the Ruin Golem in Devantaka Mountain by Port Ormos. There we can use the actual screen and see through it. This being a machine that has sat unused for hundreds of years. And its screen is still in working condition.

So, simply put. Khaenri'ah was very mechanically advanced.

BUT!

I have yet to mention the Terminal Viewfinders in Fontaine. You know, those eye ball machines you use to transfer energy to terminals in puzzles in the Fontaine Research Institute area. You know, the machines with working colored screens. Mind you this isn’t technology you’re able to find all through out Fontaine, only in certain areas usually accompanied by a researcher from the Institute. So it would be more comparable to machines found in laboratories and not accessible to common people.

But still. At the very least Fontaine is near the mechanical advancements of Khaenri'ah either a few hundred to thousands of years ago.

And I have yet to mention everything going on in King Deshret’s places in the Sumeru desert. And I’m not going to go into more than this mention because that is a headache I have yet to even get around to in game.

TL;DR Khaenri'ah was very technologically advanced to the point of hundreds of years later working colored screen technology. Fontaine is around that point with the Research Institute while normal day to day people are around silent movies in advancement, while I have no idea what’s going on with the Sumeru Desert.

[benjaminallhope-fulltimemind]

Remember that RTO is about control and real estate not productivity and culture, the corporate world is a cult and work from home helped people realize they don't need it!

[pezpenser205]

i miss when i could be excited about new technological innovations instead of going "wow how will rich people exploit poor people and cut moral corners with this."

[donotdestroy]

“What I told our company was that we were just going to invest our way through the downturn,” he said. “That we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place—the last thing we were going to do is lay them off.”

[dailyplanet-loislane]

Bitcoin's Bull Run: Is the $100,000 Milestone Imminent?

[toast1862]

i actually have like a pinch of empathy for elizabeth holmes. like she should never ever be allowed to work in finance or business or tech or anything related ever again, she should spend the rest of her life as a barista or something. but i feel like i get how she got twisted up into a monster when i hear about how she got started.

like she was a 19 year old college dropout given unlimited money by uncritical rich people who supposedly know what they're talking about. that's a fucking weird situation for a human being to be in. and i've always found sunny baswani, her much older boyfriend who was extremely abusive to the workers and whose relationship her was really fucking weird, a really strange person in the story. and i find the weird fixation on her appearance and voice just like. bizarre. because like, yeah she was weird, but she got the fucking money. i can't even say "people fell for it" because fell for what? dropping your voice and opening your eyes crazy wide wouldn't get massive investments for anyone in any other situation. and it was all centered around her succeeding at a materially impossible task. like spinning straw into gold. like there was no possible success for her. i just feel like the pressure in that situation would make anyone into a monster

once again. good she went to jail. she should never be allowed near large sums of money again. did bad things. terrible. but like the situation she was in was so fucking bizarre to me