Markets Rise on Good News from Pfizer and the U.S. Labor Department, Facebook Will Drop Facial Recognition Program, Commerce Department Bans Firms Accused of Providing Spyware That Targeted Journalists, and more in this week's Tech News Digest.
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Tom has over 20 years of experience leading enterprise information technology strategy, services, operations, risk and cybersecurity for large global enterprises. Prior to joining Sysco, he served as Chief Information and Digital Officer of Ingram Micro Inc., an approximately $50 billion global leader in technology distribution, supply chain services and cloud solutions.
There’s no substitute for inspiration and innovation. Elon Musk proved that again today. He also proved the old adage that great leaders aren’t just lucky – they create their own opportunities for success.
There are several schools of thought regarding the global supply chain dilemma. One school says that things will resolve themselves within a span of months, while other schools are predicting a much longer recovery. Ron Insana of CNBC writes about his recent visit to Savannah, GA, where he heard from officials in charge of the city’s port, the fourth-largest port in the nation. According to Ron, the port officials aren’t betting on a speedy resolution to the current supply chain issues.
Nasdaq Suffers as Tech Stocks Dip; S&P 500 Stays Close to Record Highs, Facebook Plans to Rebrand Itself, According to Sources, New Android Phones Feature In-House Chip, PayPal Offers to Acquire Pinterest; Deal Valued at $45 Billion
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.”
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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