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Guest Author: Ben Schack, Head of Digital Partnerships at BMO Harris Bank
On April 27th, we announced the launch of WMN•FINtech: A Women in FINtech Initiative by 1871 and BMO Harris Bank. This is the fourth collaboration for BMO Harris and 1871, and the first time we have focused exclusively on US-based companies with a woman founder or cofounder.
[Read more…] about Boldly Growing the Good: Women in Fintech
Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. In its ninth iteration, the Flexera 2020 State of the Cloud Report (formerly the RightScale State of the Cloud Report) delves into the details of enterprise cloud use, including multi-cloud strategies, spending trends and top cloud initiatives.
Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. In its ninth iteration, the Flexera 2020 State of the Cloud Report (formerly the RightScale State of the Cloud Report) delves into the details of enterprise cloud use, including multi-cloud strategies, spending trends and top cloud initiatives.
The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020
The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption.
“The State of the Cloud survey captures insights into how organizations are progressing in their journey to cloud,” said Jim Ryan, President and CEO of Flexera. “That journey is even more important for businesses today as we face the unprecedented operational impacts of the COVID-19 pandemic.
“With employees working from home and more business interactions going digital,” Ryan continued, “more than half of enterprise respondents said their cloud usage will be higher than originally planned at the beginning of the year due to the pandemic. Companies plan to migrate more services to cloud, yet they’re already exceeding cloud budgets. They will need to focus on optimizing workloads as they migrate in addition to cost management and governance to ensure operational efficiency.”
A few key highlights from the Flexera 2020 State of the Cloud Report:
· Organizations embrace multi-cloud
o 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy
o Respondents use an average of 2.2 public clouds and 2.2 private clouds
· Public cloud adoption continues to accelerate
o Twenty percent of enterprises spend more than $12 million per year on public cloud
o More than 50 percent of enterprise workloads and data are expected to be in a public cloud within 12 months
o 59% of enterprises expect cloud usage to exceed prior plans due to COVID-19
o The top challenge in cloud migration is understanding application dependencies
· Cloud cost optimization
o Organizations are over budget for cloud spend by an average of 23 percent, and expect cloud spend to increase by 47 percent next year
o Respondents estimate that 30 percent of cloud spend is wasted
· Cloud initiatives and metrics
o 73% of organizations plan to optimize existing use of cloud (cost savings), making it the top initiative for the fourth year in a row
o 61% percent of organizations plan to focus on cloud migration
o 77% of organizations use cost efficiency and savings to measure cloud progress
· Organizational approach to cloud
o 73% of enterprises have a central cloud team or cloud center of excellence
o 57% of cloud teams are responsible for governing infrastructure-as-a-service (IaaS)/platform-as-a-service (PaaS) usage costs
· Cloud challenges
o 83% of enterprises indicate that security is a challenge, followed by 82 percent for managing cloud spend and 79 percent for governance
o For cloud beginners, lack of resources/expertise is the top challenge; for advanced cloud users, managing cloud spend is the top challenge
o 56% of organizations report that understanding cost implications of software licenses is a challenge for software in the cloud
The report leveraged a panel of 750 technical professionals from around the globe and across a broad cross-section of industries, providing insight into their adoption of cloud infrastructure. The independent panel comprises vetted respondents with detailed profiles and is rigorously maintained. The survey was conducted in the first quarter of 2020.
Complete results and highlights are available in the Flexera 2020 State of the Cloud Report. The report results are made available under an Open Source Creative Commons License so the data may be freely shared with the required attribution.
For more information on the Flexera 2020 State of the Cloud Report:
· Download the report here
· Sign up for the report webinar here
FOLLOW FLEXERA
· on LinkedIn
· on Twitter
· on Facebook
· on Instagram
· on Xing
ABOUT FLEXERA
Flexera helps business leaders succeed at what once seemed impossible: getting full visibility into, and control of, their company’s technology “black hole.” From on-premises to the cloud, Flexera helps organizations unravel IT complexity and maximize business value from their technology investments. For more than 30 years, our 1300+ team members worldwide have been passionate about helping our more than 50,000 customers optimize IT to achieve their business outcomes. To learn more, visit flexera.com.
FOR MORE INFORMATION, CONTACT:
Ashleigh Giliberto
847-466-4302
agiliberto@flexera.com
Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. In its ninth iteration, the Flexera 2020 State of the Cloud Report (formerly the RightScale State of the Cloud Report) delves into the details of enterprise cloud use, including multi-cloud strategies, spending trends and top cloud initiatives.
The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020
The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption.
“The State of the Cloud survey captures insights into how organizations are progressing in their journey to cloud,” said Jim Ryan, President and CEO of Flexera. “That journey is even more important for businesses today as we face the unprecedented operational impacts of the COVID-19 pandemic.
“With employees working from home and more business interactions going digital,” Ryan continued, “more than half of enterprise respondents said their cloud usage will be higher than originally planned at the beginning of the year due to the pandemic. Companies plan to migrate more services to cloud, yet they’re already exceeding cloud budgets. They will need to focus on optimizing workloads as they migrate in addition to cost management and governance to ensure operational efficiency.”
A few key highlights from the Flexera 2020 State of the Cloud Report:
· Organizations embrace multi-cloud
o 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy
o Respondents use an average of 2.2 public clouds and 2.2 private clouds
· Public cloud adoption continues to accelerate
o Twenty percent of enterprises spend more than $12 million per year on public cloud
o More than 50 percent of enterprise workloads and data are expected to be in a public cloud within 12 months
o 59% of enterprises expect cloud usage to exceed prior plans due to COVID-19
o The top challenge in cloud migration is understanding application dependencies
· Cloud cost optimization
o Organizations are over budget for cloud spend by an average of 23 percent, and expect cloud spend to increase by 47 percent next year
o Respondents estimate that 30 percent of cloud spend is wasted
· Cloud initiatives and metrics
o 73% of organizations plan to optimize existing use of cloud (cost savings), making it the top initiative for the fourth year in a row
o 61% percent of organizations plan to focus on cloud migration
o 77% of organizations use cost efficiency and savings to measure cloud progress
· Organizational approach to cloud
o 73% of enterprises have a central cloud team or cloud center of excellence
o 57% of cloud teams are responsible for governing infrastructure-as-a-service (IaaS)/platform-as-a-service (PaaS) usage costs
· Cloud challenges
o 83% of enterprises indicate that security is a challenge, followed by 82 percent for managing cloud spend and 79 percent for governance
o For cloud beginners, lack of resources/expertise is the top challenge; for advanced cloud users, managing cloud spend is the top challenge
o 56% of organizations report that understanding cost implications of software licenses is a challenge for software in the cloud
The report leveraged a panel of 750 technical professionals from around the globe and across a broad cross-section of industries, providing insight into their adoption of cloud infrastructure. The independent panel comprises vetted respondents with detailed profiles and is rigorously maintained. The survey was conducted in the first quarter of 2020.
Complete results and highlights are available in the Flexera 2020 State of the Cloud Report. The report results are made available under an Open Source Creative Commons License so the data may be freely shared with the required attribution.
For more information on the Flexera 2020 State of the Cloud Report:
· Download the report here
· Sign up for the report webinar here
FOLLOW FLEXERA
· on LinkedIn
· on Twitter
· on Facebook
· on Instagram
· on Xing
ABOUT FLEXERA
Flexera helps business leaders succeed at what once seemed impossible: getting full visibility into, and control of, their company’s technology “black hole.” From on-premises to the cloud, Flexera helps organizations unravel IT complexity and maximize business value from their technology investments. For more than 30 years, our 1300+ team members worldwide have been passionate about helping our more than 50,000 customers optimize IT to achieve their business outcomes. To learn more, visit flexera.com.
FOR MORE INFORMATION, CONTACT:
Ashleigh Giliberto
847-466-4302
agiliberto@flexera.com
Cloud Spend Exceeds Budgets as Organizations Expect Increased Cloud Use Due to COVID-19
Flexera, the company that helps organizations maximize business value from their technology investments, today releases the findings of the Flexera 2020 State of the Cloud Report. In its ninth iteration, the Flexera 2020 State of the Cloud Report (formerly the RightScale State of the Cloud Report) delves into the details of enterprise cloud use, including multi-cloud strategies, spending trends and top cloud initiatives.
The survey results are available in the Flexera 2020 State of the Cloud Report, which can be downloaded at https://info.flexera.com/SLO-CM-REPORT-State-of-the-Cloud-2020
The report explores the thinking of 750 global cloud decision-makers and users regarding public, private and multi-cloud options and shares their current and future cloud adoption.
“The State of the Cloud survey captures insights into how organizations are progressing in their journey to cloud,” said Jim Ryan, President and CEO of Flexera. “That journey is even more important for businesses today as we face the unprecedented operational impacts of the COVID-19 pandemic.
“With employees working from home and more business interactions going digital,” Ryan continued, “more than half of enterprise respondents said their cloud usage will be higher than originally planned at the beginning of the year due to the pandemic. Companies plan to migrate more services to cloud, yet they’re already exceeding cloud budgets. They will need to focus on optimizing workloads as they migrate in addition to cost management and governance to ensure operational efficiency.”
A few key highlights from the Flexera 2020 State of the Cloud Report:
· Organizations embrace multi-cloud
o 93% of enterprises have a multi-cloud strategy; 87% have a hybrid cloud strategy
o Respondents use an average of 2.2 public clouds and 2.2 private clouds
· Public cloud adoption continues to accelerate
o Twenty percent of enterprises spend more than $12 million per year on public cloud
o More than 50 percent of enterprise workloads and data are expected to be in a public cloud within 12 months
o 59% of enterprises expect cloud usage to exceed prior plans due to COVID-19
o The top challenge in cloud migration is understanding application dependencies
· Cloud cost optimization
o Organizations are over budget for cloud spend by an average of 23 percent, and expect cloud spend to increase by 47 percent next year
o Respondents estimate that 30 percent of cloud spend is wasted
· Cloud initiatives and metrics
o 73% of organizations plan to optimize existing use of cloud (cost savings), making it the top initiative for the fourth year in a row
o 61% percent of organizations plan to focus on cloud migration
o 77% of organizations use cost efficiency and savings to measure cloud progress
· Organizational approach to cloud
o 73% of enterprises have a central cloud team or cloud center of excellence
o 57% of cloud teams are responsible for governing infrastructure-as-a-service (IaaS)/platform-as-a-service (PaaS) usage costs
· Cloud challenges
o 83% of enterprises indicate that security is a challenge, followed by 82 percent for managing cloud spend and 79 percent for governance
o For cloud beginners, lack of resources/expertise is the top challenge; for advanced cloud users, managing cloud spend is the top challenge
o 56% of organizations report that understanding cost implications of software licenses is a challenge for software in the cloud
The report leveraged a panel of 750 technical professionals from around the globe and across a broad cross-section of industries, providing insight into their adoption of cloud infrastructure. The independent panel comprises vetted respondents with detailed profiles and is rigorously maintained. The survey was conducted in the first quarter of 2020.
Complete results and highlights are available in the Flexera 2020 State of the Cloud Report. The report results are made available under an Open Source Creative Commons License so the data may be freely shared with the required attribution.
For more information on the Flexera 2020 State of the Cloud Report:
· Download the report here
· Sign up for the report webinar here
FOLLOW FLEXERA
· on LinkedIn
· on Twitter
· on Facebook
· on Instagram
· on Xing
ABOUT FLEXERA
Flexera helps business leaders succeed at what once seemed impossible: getting full visibility into, and control of, their company’s technology “black hole.” From on-premises to the cloud, Flexera helps organizations unravel IT complexity and maximize business value from their technology investments. For more than 30 years, our 1300+ team members worldwide have been passionate about helping our more than 50,000 customers optimize IT to achieve their business outcomes. To learn more, visit flexera.com.
FOR MORE INFORMATION, CONTACT:
Ashleigh Giliberto
847-466-4302
agiliberto@flexera.com
Guest Author: Aon
As entrepreneurial and growth-stage business communities grapple with the virtual workplace and remote work styles, connectivity has become necessary lifelines for business to continue in a pandemic environment. The heightened reliance upon technology escalates cyber security considerations and brings increased focus on the scope of cyber insurance and professional liability coverages in a dynamic global insurance market.
[Read more…] about Guest Blog: 3 Considerations While Selecting Cybersecurity Coverage
ScaleUp Chicago is a spring conference that brings the tech community together to learn, connect, and share stories. This year, 1871 + ITA are virtually hosting the fourth annual ScaleUp Chicago event on Tuesday, May 19th. We’ll be bringing the best professional development resources and networking to you at home!
[Read more…] about 5 Reasons Not to Miss ScaleUp Chicago 2020
CONTACTS:
Kathleen Szot, Corporate Communications Manager, BMO Harris Bank, kathleen.Szot@bmo.com
J Blaszczykiewicz, Director of Marketing, 1871, j@1871.com
Women-led fintech startups from across the U.S. can apply through May 11
[Read more…] about BMO Harris Bank and 1871 Launch WMN•FINtech, Women’s Fintech Program
It’s safe to say that although we are still in the midst of the COVID-19 crisis, the way that we operate and how we accomplish even the simplest of tasks has been forever changed. Our lives are changing, business is evolving, and the way we connect with people across the globe will never be the same. Most people are working from home, balancing a crazy schedule as personal and professional lines blur.
[Read more…] about Guest Blog: Find Your Obsession, The World Needs It
On Tuesday, March 17th, 1871 hosted its first-ever virtual Policy Forum powered by the Kauffman Foundation. The topic of this Forum was the role of STEM education in building a diverse future workforce. We brought together a panel of leaders with varying perspectives on the education system including:
[Read more…] about Kauffman Policy Forum: #EachforEqual in STEM Education Policy
Thanks to the coronavirus pandemic, your company may have mandated that you work from home for the time being. Though you’re probably not new to remote work, this situation is a bit different: we have no idea when we will be back in the office and, in the meantime, we can’t work anywhere but from within our homes.
[Read more…] about Advice from Founders: How to Handle Extended Remote Work
The 1871 team is sending our very best wishes to you across Chicago, Illinois, and beyond. The COVID-19 pandemic has created an upheaval of daily life for most everyone across the world and we’re all in this together.
During this time of change, we’re looking to bolster the ways the 1871 community is adjusting and engaging one another as founders, members, and partners. To support these goals, we are looking for experts to share their expertise via guest blog post submissions!
CONTACTS:
Melissa Lederer, Chief Experience Officer, mHUB
melissa@mhubchicago.com
Liz Kennedy, Marketing Manager, MATTER
liz@matter.health
J Blaszczykiewicz, Director of Marketing, 1871
j@1871.com
1871 and Chicagoland-based Discover partner to put on a full day of female-focused programming for International Women’s Day this March. The event at 1871 kicks off a month of events dedicated to women in tech.
With the growing concerns of COVID-19, we want you to know that we are committed to doing our part to keep both our members, guests, staff, and community healthy. We are continuing to monitor the situation and are keeping a close eye on official information, including the Chicago, Illinois, and U.S. Departments of Public Health and guidance published by the CDC.
Effective immediately, access to 1871 is members-only. Everyone who enters must have their own badge: no public or visitor access will be permitted.
This International Women’s Day at 1871 was remarkable! The impact was so strong because of the thought leaders, entrepreneurs and professionals like you in our community. It was a day dedicated to covering topics that concern everyone, from a woman’s perspective. Underscoring this year’s theme “Each for Equal,” everyone was invited to join in on panels, breakout discussions, and fireside chats ranging from product design to health and wellness.
Given the varying levels of uncertainty in regards to hosting public events due to the progression of COVID-19, your health and safety are our top priority at 1871.
We’re invested in Chicago, beyond the walls of 1871. It’s in our community’s best interest and our own to keep seeking out ways to support and enable innovation from the outskirts to the epicenter and back, so that our impact is decentralized and, therefore, more inclusive to Chicagoland as a whole.
It’s hard to know where to start when it comes to Desiree Rogers, the keynote speaker for International Women’s Day at 1871. A total leadership powerhouse, Desiree has over 25 years’ experience building brands in a variety of industries, from magazine publishing to natural gas to, most recently, beauty & wellness.
Desiree’s career took form through her tenure as President of the $2B gas utility Peoples Energy and her seven-year stint as CEO of Johnson Publishing Company, publisher of Ebony and Jet magazines.
[Read more…] about A Profile on Our IWD Keynote Speaker: Desiree Rogers
1871 is dedicated to helping provide pathways to innovation for disinvested communities and any entities doing so on a day-to-day basis are inspirations to us.
This Black History Month, we would like to highlight some of Chicago’s community organizations that are doing the work of supporting black businesses and business owners every day of the year!
Our friends at organizations such as West Side Forward, the LGBT Chamber of Commerce, Joseph Business School, and Teamwork Englewood may all have different ways of doing it, but ensuring that diverse entrepreneurs and communities are flourishing is central to the fabric of each of these organizations.
West Side Forward
[Read more…] about Black History Month: Chicago Organizations Doing the Work Every Day