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IT Companies in Quandry as Clients Turn against COLA | In the News

Everest Group

With over $35 billion in software managed services contract value due for renewal in 2 years, IT firms may sweat over cost-of-living-adjustment clause. Prateek Gupta , Practice Director, Everest Group, says there was a decline in contracts with the COLA clause between 2018 and 2020 because of buyers’ pressure back then.

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IBM and Microsoft partnership accelerates sustainable cloud modernization

IBM Services

IBM’s recommendations included API-specific improvements, bot UX optimization, workflow optimization, DevOps microservices and design consideration, and best practices for Azure manage services.

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5 Signs Your Company Could Benefit from Automation

Metasource

With a combination of workflow automation and business process management services, you can reduce invoice processing time – from receipt to payment – from 45 days to only 5 days. has been decreasing since 2018 – yikes. It has dropped by 5% between 2018 and 2022, which is the steepest recorded drop in 28 years.

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Data Center Consolidation and Relocation

CDS

In spite of continued growth in cloud workloads, on-premises data centers of enterprise IT and managed services providers are not standing still. In the 2018 AFCOM Data Center report, the average data center density was about 5 kW per rack. On-premises workloads and systems continue to see positive growth (see Figure 1).According

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Companies That Outsource IT Abroad

Magellan Solutions

AB InBev outsourced its IT operations to international outsourcing providers. Commonly known as Shell, this oil and gas company has been named as the third-largest company in the world based on its revenues in 2018. With more than a century of operations, it explores and transports crude oil and natural gas. Cost-effective.