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Today we are mourning the death of Colin Powell, a man who embodied the qualities of great leadership: confidence, courage, experience, expertise and calmness under fire.
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Despite Turbulence and Uncertainty, S&P 500 Heads for Winning Week, Apple Will Likely Cut Production Targets for iPhone 13 as Chip Shortage Continues, Amazon Shifts Remote Work Policy, Offering Workers Greater Flexibility, and more in this weeks Tech News Digest.
Elon Musk is a business pioneer and savvy inventor. He’s also a great showman, and he demonstrated his amazing ability to captivate and surprise an audience again last week. “Electric-vehicle pioneer Tesla is moving its headquarters to Austin, Texas, from Silicon Valley, saying that land prices in California limited its growth there,” writes Al Root of Barron’s. “The car maker hosted its annual meeting Thursday in Austin, at its new car-making facility. Shareholders soon learned it wants to do more in Austin than just make cars.”
Tech Stocks Rally, Despite U.S. Employment Data, Facebook Outage Hits Businesses Hard, Twitter Tests Tweet Warning and more in this weeks Tech News Digest
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Troubled Markets May Create Opportunities for Savvy Tech Execs, Are You Ready for the Amazon Robot?, Scammers Hit More Than 10M Android Devices and more in this week's Tech News Digest.
Software-as-a-Service (SaaS) has fundamentally changed the way software is purchased and deployed within an organization. Because of the ease of acquisition and deployment, business units and individuals are now purchasing the software they need - often unbeknownst to IT. According to research from Zylo, business units and even individual employees are responsible for a rising percentage of an organization’s technology portfolio. When looking at SaaS specifically, Zylo found that IT teams own only 23% of the organization’s applications and 27% of its SaaS spend - while business units own 66% of spend and 40% of applications. SaaS applications can be critical to driving business outcomes and innovation - but the unmanaged growth of SaaS creates uncontrolled costs and increased risk.
If you needed more data points to prove that Tesla is winning hearts and minds in the automotive market, I recommend reading Al Root’s Sunday article in Barron’s. “Tesla’s ‘beta button’ has arrived. Tesla owners can now request the most sophisticated version of Tesla’s autonomous driving software, dubbed Full Self Driving or FSD, with the press of a finger. The button went live on Friday. It’s just the next feature that the company likely hopes will keep drivers flocking to Tesla’s cars,” he writes. “Next, Tesla will hold its 2021 annual meeting at the company’s new Gigafactory in Austin, Texas on October 7 at 5:30 p.m. eastern time. The choice of venue is telling. It’s Tesla’s second large U.S. manufacturing facility and the one that will be producing the Cybertruck early in 2022.”
Another Choppy Week as Economic Uncertainty Remains a Significant Factor, Google Expands NYC Presence with $2.1 Billion Buy, Facebook CTO Stepping Down and more in this week's Tech News Digest.
When I founded HMG Strategy in 2008, I had high hopes for our new and innovative business model, which rejected the traditional analyst-driven thought leadership formula and replaced it with a remarkably disruptive and incredibly valuable model based on peer-to-peer networking, in-depth research and a laser-sharp focus on career acceleration. I’m proud and delighted to report that my hopes have been exceeded! Today, HMG Strategy is the global super-connector for modern technology leaders. We are the world's leading digital platform for connecting technology executives to reimagine, reinvent, disrupt and innovate across the business world. The HMG Strategy global network includes more than 400,000 CIOs, CTOs, CISOs, CDOs, senior business technology executives, search industry executives, venture capitalists, industry experts and world-class thought leaders.
SpaceX Falcon 9 Launches All-Civilian Crew into Orbit, New iPhone Adds ‘Refinement’, Microsoft Takes Big Step Towards Eliminating Use of Passwords, and more in todays Tech News Digest.
Financial markets continue to reflect uncertainty and doubt over the strength of the global economic recovery. Choppiness is the new trend, and it seems like it will be with us for a while. A certain amount of chop is natural, especially as the markets navigate through largely uncharted waters.
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Reimaging and Reinventing Global Business Through Innovative Technology Leadership, Intel May Invest $80 Billion Euros to Accelerate Chip Manufacturing, Robinhood Makes it Easier to Accumulate Crypto, and more in this week's Tech News Digest
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If you’ve got $10 billion to spare, you might want to consider setting up your own chip foundry. Advanced chip factories, or “foundries” as they are called in industry, are essential to modern manufacturing. Not surprisingly, foundries have become a hot topic in recent months as chip shortages continue disrupting global supply chains “Not content with relying on standard chips that are in high demand, some of the world’s biggest tech firms are developing their own semiconductors,” writes Sam Shead of CNBC. “Apple, Amazon, Facebook, Tesla and Baidu are all shunning established chip firms and bringing certain aspects of chip development in-house, according to company announcements and media reports.”
Amid Uneven Economic Recovery, Tech Sector Provides Innovation, Creativity, Invention, Courageous Leadership and Constructive Disruption, Google Postpones Return to Office Until 2022, New Apple Watch May Include More Health Tracking Capabilities, and more in this weeks Tech News Digest.
Today’s technology executive plays a pivotal role in helping his or her organization respond to these forces of change. In essence, they serve as conductors to orchestrate the three pillars of organizational success – people, processes, and technology – and to draw upon their unique view of the enterprise to bring these elements into harmony.
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