Cognizant Layoffs: Gloom Continues, Jobs In Tech And IT Companies Dry Up

Cognizant, the New Jersey-headquartered software services company with most of its operations in Chennai, is likely to lay off 6,000-10,000 “ redundant and non-performing” employees.

5 Reasons Why Symantec’s Acquisition Of Blue Coat Matters To The CIO’s Office

On 12 June, 2016 Symantec announced its agreement to acquire Blue Coat for USD 4.65 billion.

As a result of this acquisition, the company will now have 385,000 customers, a vast repository of data sources and over 3,000 researchers and engineers worldwide. Post this acquisition, Symantec will have USD 4.4 billion in combined revenue (on pro-forma, non-GAAP basis) in FY16. By the end of FY18, Symantec expects to realise USD 550 million in run-rate cost savings. In addition, the combined entity will have access to vast Security and Threat Intelligence data sources including Telemetry gathered from 175 million protected endpoints; more than 2 billion emails scanned per day; 1.2 billion web requests monitored per day across 55 languages; 12,000 Cloud applications monitored and controlled.

One Year On, What’s Plaguing Digital India’s Success?

aPM Narendra Modi’s highly ambitious Digital India Program completes a year of its existence today. In the last one year, several initiatives were announced by the government – from the launch of MyGov.in portal to BharatNet and E-sign to Wi-Fi hotspots.

Microsoft to acquire LinkedIn

Microsoft on Monday announced a $26.2 billion deal to acquire professional networking platform LinkedIn for $196 per share. The market gave a mixed reaction to the announcement. While shares of LinkedIn surged 47 percent to near $193, Microsoft’s stock was down 3.2 percent.

Is Symantec/Blue Coat Deal a Game-Changer?

Indian security leaders welcome the move, expected to be finalized later this year, saying it will definitely change the way technology is consumed by organizations, as they expect new innovations to help them tackle future threats more effectively.

Mint Enterprise Technology Summit 2016

Leslie D’Monte, Technology Editor is in discussion with Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research, Vishal Dhupar of NVIDIA Graphics, DR Shriram Revankar of Adobe India Big Data Experience Lab and many more such guests in Mint Enterprise Technology Summit 2016 wherein they discussed about big data analytics in IoT world.

To see video insights by Sanchit Vir Gogia, click here

Source: MoneyControl.com

Will LinkedIn be another failed acquisition for Microsoft?

In its 41 years history, Microsoft has acquired several companies but the biggest success was none other than Hotmail, which was bought from Sabeer Bhatia for $500 million in 1997. However, a repeat of Hotmail is something that Microsoft hasn’t been able to achieve in the last 19 years despite making several deals worth over a billion dollar each.

What Does Microsoft Stand to Gain From its $26.2 Billion Acquisition of LinkedIn?

Microsoft announced today that it bought LinkedIn in a $26.2 billion deal, the tech giant’s largest acquisition in its 41-year history by a wide margin. So what value does Microsoft see in the professional social networking site?

Why Microsoft Acquired LinkedIn? It’s All About User Insights!

On June 13, 2016 Microsoft announced the agreement to acquire LinkedIn for USD 26.2 billion. Important to note that this is the first big deal under Satya Nadella’s leadership and LinkedIn will continue to operate as an independent company. Albeit this (in theory) will allow more room for innovation, let’s put this announcement in perspective:

Users will get to organise their information better

The acquisition of LinkedIn by Microsoft will help the duo assist client companies, and even individuals in the personal lives, to organise information and orchestrate their functions better.

Microsoft To Acquire LinkedIn For $26.2 Bn

Microsoft Corp has agreed to acquire LinkedIn Corp for $26.2 billion in a deal that will combine the world’s biggest software maker with the largest global online network of professionals.

Microsoft Looking For New Source Of Revenue

By acquiring LinkedIn, Microsoft is looking at further strengthening its business from corporates in India and social networking play, an area in which it lags behind Facebook. Analysts feel that Microsoft’s Productivity and Business Processes as one of the three segments that could get a shot in the arm with the LinkedIn buy.

Is Microsoft truly changing under Satya Nadella?

Satya Nadella, chief executive officer of Microsoft Corp, is landing in the country on Monday at a time when his company is “streamlining” its troubled global smartphone hardware business even as the growth of India’s smartphone business is accelerating.

One Small Step For Me, One Giant Leap For #WorkforceTech

It’s not often that one comes across a young, new-age Research & Advisory firm which does not believe in pay-to-play, but dares to say things as they are.

Dell EMC deal great on the books but not for the cooks

Computer maker Dell stirred up quite a storm in the IT industry by snapping up storage juggernaut EMC for a whopping $67 billion. The mother of all deal will have a significant impact on the enterprise technology landscape in the years to come.

The India market at this point of time is opportune for a Dell-EMC deal to take place considering India is still a host to a large number of organisations who are yet to shift workloads to the cloud. The deal would put the merged entity in a sweet spot as it would be providing end-to-end infrastructure in terms of both devices and storage. And the CIO community in India is closely watching the movements on the Dell-EMC merger.

EMC buy will help Dell turn $3 Bn company in 2 years

Dell’s announcement to buy enterprise storage maker EMC for $67 billion could boost the world’s second largest PC maker’s pace of growth in the Indian market, analysts said.

With revenue of over $2 billion from India in the last fiscal, Dell is the fastest growing company among its peers. It expects to cross $3 billion over the next two years, which until yesterday could be seen as an ambitious target but not so much anymore.

Dell-EMC deal driven by Big Data storage, Digital

Not everyone is excited about a multi-billion dollar merger between two seemingly traditional companies that sell hardware, storage and information technology (IT) services to other companies, especially in a new-age world of social, mobility, analytics and cloud (SMAC), Internet of Things (IoT), e-commerce, social networking, 3D printing and drones.

Sikka Spins Infosys Into A Digital Company

There is a change brewing in Infosys. Under Vishal Sikka’s direction there are a few things that are already presenting themselves as fresh and innovative. But can Infosys become the pioneer of automation without losing its tag as a great employer and a stellar stock marker performer. Look at the incremental changes, like the acquisition of Skava and Panaya, that are happening, within the company, to understand why Sikka wants to brand Infosys as a digital company without frightening investors and employees. There are several challenges along the way especially when he quotes the late professor Mashelkar famous words “do more with less for more.”

Amazon’s $5 billion cloud saga: What’s in it for India

Amazon amazed everyone by breaking out financial details of its secretive cloud computing business. Chief Executive Jeff Bezos, during first quarter earnings call, revealed that Amazon Web Services is “a $5 billion business and its growth is accelerating.” For the quarter, the e-commerce giant logged $1.57 billion in revenue, up almost 50 percent. AWS – which is Amazon’s cloud unit – accounts for about 7 percent of the company’s total revenue.

Sorry Mr Jaitley, Your Budget 2015 Has Left The IT Sector In The Lurch

Amid high expectations from the IT industry, Finance minister Arun Jaitley presented his first full-year Union Budget 2015 in the Lok Sabha on Saturday. This time the expectations were much higher, given the fact that technology was a focus area in the government’s maiden budget presented in July.

Eyeing The Smart City Pie

A smart city is definitely much more than the ICT deployed in it but at the same time there is no doubt that it is the ICT solutions that go into making of the city and turning it smart for its citizens making it livable. According to the National Institute of Urban Affairs (NIUA), the level of urbanization will reach 50 percent in India by 2039 from the current 31%. The government-led smart city initiatives will buttress IT companies to grow in the region, underpinned by intelligent networks.

Indian IT Industry Mood Lifts on Totalisation Pact

With the resumption of the discussions on Social Security Agreement and Bilateral Investment Agreement finding pride of place in Prime Minister Narendra Modi’s announcements at the joint press meet with visiting US president Barack Obama, the country’s IT sector is hopeful of a conducive business atmosphere in the US to expand its business operations.

Cisco adds 129 crorepatis in a year to retain talent

The number of crorepatis at Cisco India shot up to 132 in 2014 from just three in the previous year, a development that comes at a time when the USbased network equipment maker is gearing up to cash in on Prime Minister Narendra Modi’s ‘Digital India’ initiative. With a fresh investment of $1.7 billion, the company is offering huge salary hikes to retain employees, even as it looks to hire the best engineering and sales talent from local as well as international markets.

Cisco adds 129 crorepatis in a year to retain talent

The number of crorepatis at Cisco India shot up to 132 in 2014 from just three in the previous year, a development that comes at a time when the USbased network equipment maker is gearing up to cash in on Prime Minister Narendra Modi’s ‘Digital India’ initiative. With a fresh investment of $1.7 billion, the company is offering huge salary hikes to retain employees, even as it looks to hire the best engineering and sales talent from local as well as international markets.

Big Data – Inside InMemory Analytics

When Godrej Consumer Products wanted to implement an analytics solution, it had only one focus in mind: to have overall information visibility, especially in view of the fact that the amount of data a business has to deal with is growing exponentially. Says Subrata Dey, CIO, Godrej Consumer Products, “The challenge is how to use the data to get value out of it. Our focus was on user interface, robustness of the solution and scalability. Also, there should be no deployment hassles and it should be quick to deploy.”

The Soft Side of Networking

The idea of network administrators having programmable central control of network traffic without requiring physical access to the network’s hardware devices seems to be finally gaining ground. A sign of this is Juniper’s recently announced strategy on SDN, which focuses on six principles that address the networking challenges being faced by the industry today. These include:

The Big World of Analytics

It is no longer a hypothesis. The exponential growth in digital information has brought forth new verticals and businesses—and analytics is a key segment that sprung up in the boom. Research firm IDC projects that the digital universe will reach 40 zettabytes (ZB) by 2020. According to analysts, data volume has grown over 900% in the past five years and is expected to grow at 40% year-on-year till 2020. Today, businesses are capturing trillions of bytes of data about their customers, suppliers and operations. Data is entering the system at a rate that follows Moore’s Law, doubling every two years.