article thumbnail

Lack of IT alignment hampers migration to SAP S/4HANA, report says

CIO Business Intelligence

Only a minority of companies who are either current SAP customers, or plan to become SAP ERP users, have completed their migration to the company’s S/4HANA system, even though support for its ECC on-premises suite will end in 2030, according to a report from digital transformation services provider LeanIX.

Reporting 105
article thumbnail

Global managed services to grow in 2024 as enterprise IT spending rises

CIO Business Intelligence

The region (Western Europe) maintained strong growth despite various economic and geopolitical uncertainties. from 2023 to 2030,” Grand View Research said in one of its reports. Similarly, Western Europe accounted for 42% of the global TCV, which, according to IDC, is a “significant increase compared to 2022.”

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 hot IT leadership trends — and 4 going cold

CIO Business Intelligence

Hot: Getting comfortable with uncertainty To address disruptions across multiple aspects of the business, organizations need to be able to pivot quickly, says DeVry University CIO Chris Campbell. Harvard’s McNulty says ongoing uncertainty is prompting more interest in futures and scenario planning.

IT 128
article thumbnail

Beyond the status quo: Harnessing data and AI to drive transformational value in private equity

CIO Business Intelligence

The total value of private equity exits is on track to hit its lowest level in five years , this year, amid an environment of persistent macroeconomic uncertainty, skittishness in the IPO market, and continued geopolitical uncertainty. They expect that by 2030, this number will jump to one in every four firms.

article thumbnail

Powering a low-carbon digital Thailand

CIO Business Intelligence

And, by 2030, the digital economy will account for 30% of Thailand’s entire GDP. By 2030, total demand for digital talent in Thailand will exceed one million and there will be a 400,000 deficit in terms of digital workforce supply. As already noted, the pandemic has accelerated digital transformation in Thailand.

article thumbnail

Exploring the State of SAP Reporting Tools

Jet Global

Second, COVID-19 revealed the importance of financial reporting when navigating through any kind of uncertainty. When migration to S/4HANA proved slower than SAP anticipated, it announced plans to continue support for EEC 6 (the latest version) until 2027 and offer extended support until 2030. Evolution in IT Selection Process.

article thumbnail

12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

billion and is expected to expand at a rate of 15.7% (CAGR) between now and 2030. To mitigate the various risks and uncertainties in transitioning to the cloud, IT must adapt its traditional IT control processes to include the cloud. In fact, Grand View Research suggests that the sector’s current value stands at an excess of $368.97

Risk 237