Enterprise hits and misses – tech crash versus market correction debated, as data privacy suddenly becomes central

Main story – Taking stock – crash or correction for the tech sector?

The main story in the tech sector? Macro -economic headwinds – including changing enterprise software spending.

After breaking down how we got here, Cath explained how to show uncertainty. For example: ROI pressure on tech startups. He quoted Raj Shah of digital consultancy Publicis Sapient:

Companies that may have a five to seven year horizon have seen their runways shrink in a year or less. This resulting pressure meant cost cuts, hiring freezes, and closures of companies, which in turn caused some panic selling of tech stocks across the spectrum. Consider this as a culling of those companies with poor plans for return or profitability.

How do we consider the domino effect of these contractions? As Cath points out, tech bellweathers are likely to be safer ports:

While the situation could also hit the value of established, ‘safe harbor’ companies, such as Microsoft, Google and Apple, Shah believes their revenue and balance sheet will remain stable. As a result, although they may continue to be hit by short-term supply chain issues, which hinder product development and sales, “they will weather the storm and are likely to intensify,” he suggests.

More than just a correction? Cath quoted Dr. Richard Smith:

You can call it a ‘crash’, especially if you want to talk about cryptocurrencies, and I don’t think the worst of it is over yet. Guiding my expectations is that this recession is almost half over and I expect a similar experience in the next 12 to 18 months – I don’t think we’ll really see a bull market until late 2023 So if you’re a tech company, you need to plan for a different market over the next 18 months to make sure you survive.

I’m not a crystal baller, but I don’t agree that we’ll always come back stronger after a recessionary period. However, I welcome the increased responsibility of ideas to start a half “gig economy” for super convenience that tried to save the pernicious question of profitability for a rainy season (see Uber and Lyft Are Out of Ideas, Jacking Up Prices in Desperation for Income – and these are two of the better gig economics ideas).

Where I see economic optimism: I believe we are in the midst of technology-inspired change in industries that are almost incomplete. No, I’m not talking about scary metaverse – even the parade of prognosticating nonsense has some redeeming and important concepts (e.g., digital twins or augmented reality may be included).

I point to the unprecedented development of COVID vaccines in time records, or the overall impact of AI on medicine – and that is just one sector. In other words, I think tech fundamentals are strong. Whether or not we can avoid stumbling and falling into the divisive whirlwind of politics, culture, global conflict, and social data surveillance, my main obstacle to that underlying optimism – not inflation or interest rates.

Diginomica picks – my top diginomica stories this week

Vendor review, diginomica style. Here are my top three choices from our vendor range:

• Adobe reports record earnings in Q2 – CEO confident of future, despite macroeconomic uncertainty – Count Adobe as a reassuring voice amid economic problems (although Wall Street changed Adobe for poor vision). Derek quoted Adobe’s CEO, who believes that even if the “quarter to quarter rhythm” is cut, Adobe’s fundamentals remain solid: “When you talk about the recession, when you look at the three things Adobe is doing, focus on content, focus on automation, focus on customer engagement, I’m not just looking at any of those and I feel the secular trend for that to change.“
• ServiceNow and Qualtrics progress partnership on new tool that puts experience and operational data side by side – Derek in partnership with a vendor known to ServiceNow CEO Bill McDermott.
• Reviewing SAP CX – what we learned at Sapphire Orlando, and what awaits in the future – SAP talked a lot more about CX in Orlando that distant audiences realized. Here is my on-the-ground review.
• Neptune Software added AI-augmented no-code tooling to its SAP-friendly development platform-Speaking about on-the-ground, Phil presented what he learned at Neptune Software from Oslo.
• “This is our responsibility as an industry!” – Salesforce CMO Sarah Franklin on why the tech sector needs to raise equality and inclusion – A timely post from Stuart, because of what has happened since then. Also check out Alex Lee’s Salesforce use case: Flying the passenger e-commerce experience at Heathrow.

Some other vendor options, without quotables:

Jon’s grab bag – Chris Middleton broke AstraZeneca’s rules for implementing responsible, ethical AI (one of the few ethical-AI-in-practice case studies I’ve seen). Finally, Neil takes the misconceptions of so -called “edge analytics” into Edge analytics hype versus reality – a smart look at the pros and cons.

Best on the enterprise web

My top seven

• Bitcoin Sellers Lose Historic $ 7.3 Billion in 3 Days of Pain-To what extent these crypto-crashes are part of the overall economic “correction” will be an important issue in the future.
• Tech companies are under pressure to safeguard user data as abortion prosecutions unfold – Yes, data privacy is already a hot issue. Above that.
• Is remote work effective: We finally have the data – I can do without the “we finally have the data” self -greeting, but it’s a showy part of McKinsey nonetheless. The results are not easy to summarize, but we can see the continuing gap between the flexibility that digital workers want and what their employers offer (job options have become the top three criteria for job transfer). ).
• IT Executive Insights into Cloud Vendor Relationship Strategies – In one of my favorite UpperEdge posts, Adam Mansfield shared customer insights on the less timely topic of cloud vendor management: “Vendors often expand where they manage construction. They form relationships with every C-level executive in the company and they sell not only to me, but to them as well. When you go to non-technology people who aren’t worried about data migration and integration, you may end up in a situation where the solution seems easier than it actually happens throughout the organization.. “
• Artificial intelligence projects have grown tenfold in the past year, the survey says – Joe McKendrick researched project data on AI adoption: “”IT teams work hard to keep up. ”It’s no longer a hype problem-it’s an adoption-and-scale problem, with all the ethical/bias issues in the game.
• An In -Depth Guide to Enterprise Data Privacy – A comprehensive and useful resource from CIO Insight.
• On the Dangers of Cryptocurrencies and the Uselessness of Blockchain-Bruce Schneier won the tell-us-how-you-really-feel award, but the real strength of this post is taking in the rebuttal, and linking to different positions.

Whiffs

Raise your hand if you are shocked that an NFT conference was tricked by a Snoop Dogg impersonator: Doop Snogg: how a fake Snoop Dogg tricked an NFT conference | Cryptocurrencies (by Clive Boulton). In another nonsense, I was saddened to learn that the mysterious “jetpack man” creating chaos near LA Airport could be a drone with a mannequin …

This, however, made me happy:

So it did:

Making me happy this week can be a bit difficult, but as always, let’s give it a go. If you see a #ensw pieces that qualify for hits and misses – in good or bad ways – let me know in the comments as Clive (almost) always does. Most Enterprise hit and miss articles are selected from my curated @jonerpnewsfeed.

#Enterprise #hits #misses #tech #crash #market #correction #debated #data #privacy #suddenly #central #Source Link #Enterprise hits and misses – tech crash versus market correction debated, as data privacy suddenly becomes central