Tausi Insider

According to research conducted by Gartner, worldwide end-user spending on public cloud services increased nearly 19 per cent in 2022. pcess609 Cloud services were originally billed as a more cost-effective way to manage information technology (IT). As a rising number of companies flock to them it’s becoming clearer that, left unchecked, cloud costs can accumulate quickly. According to research conducted by Gartner, worldwide end-user spending on public cloud services increased nearly 19 per cent in 2022, and it is projected to grow an additional 20.7 per cent in the year ahead. In another recent study from Toronto-based cloud-managed services provider Aptum, 73 per cent of IT decision makers said cloud computing has resulted in higher-than-expected costs, up from 57 per cent last year. Sixty-five per cent admit to having wasted money on cloud-related inefficiencies. “We are beginning to see the kickback, where customers are starting to say ‘wait, this isn’t working the way I thoug...

Social-media management, e-mail marketing tools and text-to-image generators are among those becoming more commonplace in workplaces, all fuelled by AI. shapecharge Artificial intelligence (AI) is changing the way we work. New tools and systems are making powerful algorithms that allow machines to learn from experience or human input to streamline processes without a team of programmers. Social-media management, e-mail marketing tools and text-to-image generators are among the functions fuelled by AI, representing new frontiers for companies. “AI is no longer the special purview of PhDs and specialized programmers,” says Stephanie Holko, director of project development at Next Generation Manufacturing Canada (NGen), a Hamilton-based non-profit that supports technology adoption in manufacturing. “Those folks have developed interfaces and platforms to allow others without these specific skills to access the power of their work.” ‘Programmer’ was among the hottest jobs in any industry. ...

Companies that survive the current tech beatdown will be positioned to thrive in a saner, and healthier future to come. iStockPhoto / Getty Images Alexandre Lazarow is a global venture capitalist and the author of Out-Innovate: How Global Entrepreneurs – from Delhi to Detroit – Are Rewriting the Rules of Silicon Valley. With the current beatdowns in the technology industry, there is a certain feeling that the tide is starting to go out, and as the Warren Buffett adage warns, we are starting to see who has been swimming naked. Startups often look like the pebbles on a beach, crashed upon by waves. But that’s okay. As the tide recedes, we’ll see which get washed away, and which have built boulders in the sand. Those that remain will be positioned to thrive in a saner and healthier future. The long-standing approach has been to focus on growth at all costs – sacrificing profit to capture market share. Not only has that not been a problem, it was essential to getting a startup off the gr...