Tag Archives: cost

Gartner Survey Reveals Business Value or Benefits Realization Is the Leading IT Cost-Optimization Priority for CIOs

IT cost optimization in most organizations is now largely focused on business optimization rather than cost cutting, according to a recent survey* by Gartner, Inc. Survey respondents revealed that their top criterion for selecting cost optimization priorities is business value or benefits realization, rather than the biggest or fastest cost reductions.

Gartner Survey Finds Government CIOs Will Increase Spending on Cloud, Cybersecurity and Analytics in 2018

Cloud solutions, cybersecurity and analytics are the top technologies targeted for new and additional spending by public sector CIOs in 2018, while data center infrastructure is the most commonly targeted for cost savings, according to a survey from Gartner, Inc.

Gartner Survey Highlights the Developing Role of the Chief Information Officer in India

Digitalization and technological innovation are changing the nature of the job of the CIO, according to Gartner, Inc. Gartner's annual global survey of CIOs showed that the CIO role is transitioning from delivery executive to business executive, from controlling cost and engineering processes, to driving revenue and exploiting data.

[ISN] Tesla worried customers will get hurt hacking the Model S

http://www.rawstory.com/rs/2015/03/tesla-worried-customers-will-get-hurt-hacking-the-model-s/ By Thomas Halleck Posted with permission from International Business Times March 4, 2015 Tesla Motors Inc. warned investors that its stock could be negatively affected by customers hacking its Model S and other cars and injuring themselves in the process. The company also said that safety issues with the lithium ion batteries used to power its electric vehicles also pose a risk that could negatively affect business. Tesla released a number of potential risks to its business last week, including the high cost of producing the Model S sedan and unforeseen production delays, which could cause the company to miss projected sales and revenue figures. […]


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[ISN] Target Says Credit Card Data Breach Cost It $162M In 2013-14

http://techcrunch.com/2015/02/25/target-says-credit-card-data-breach-cost-it-162m-in-2013-14/ By Ingrid Lunden Techcrunch.com February 26, 2015 When it comes to data breaches, retailers are one of the biggest targets these days, and today we have some detail on the costs around one of the more high-profile attacks. Target today said that it has booked $162 million in expenses across 2013 and 2014 related to its data breach, in which hackers broke into the company’s network to access credit card information and other customer data, affecting some 70 million customers. The figure, revealed in the company’s Q4 earnings published today, includes $4 million in Q4, and $191 million in gross expenses for 2014, as well as $61 million gross for 2013. Target says that the gross number was offset in part by insurance receivables of $46 million for 2014 and $44 million for 2013. This is also not including whatever expenses Target may incur as a result of class action lawsuits filed after the breach, or wider damage to its reputation with customers. In January, a federal judge gave plaintiffs the nod to proceed with their class action case against the company. Overall Target posted revenues of $21.8 billion, beating analyst estimates, and adjusted earnings per share of $1.50, beating its guidance. The company also recorded a pre-tax loss of $5.1 billion related to the company pulling out of operating in Canada. In pre-market trading, the company’s shares were up a little over 1% to $77.85 per share. […]


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[ISN] Target Says Credit Card Data Breach Cost It $162M In 2013-14

http://techcrunch.com/2015/02/25/target-says-credit-card-data-breach-cost-it-162m-in-2013-14/ By Ingrid Lunden Techcrunch.com February 26, 2015 When it comes to data breaches, retailers are one of the biggest targets these days, and today we have some detail on the costs around one of the more high-profile attacks. Target today said that it has booked $162 million in expenses across 2013 and 2014 related to its data breach, in which hackers broke into the company’s network to access credit card information and other customer data, affecting some 70 million customers. The figure, revealed in the company’s Q4 earnings published today, includes $4 million in Q4, and $191 million in gross expenses for 2014, as well as $61 million gross for 2013. Target says that the gross number was offset in part by insurance receivables of $46 million for 2014 and $44 million for 2013. This is also not including whatever expenses Target may incur as a result of class action lawsuits filed after the breach, or wider damage to its reputation with customers. In January, a federal judge gave plaintiffs the nod to proceed with their class action case against the company. Overall Target posted revenues of $21.8 billion, beating analyst estimates, and adjusted earnings per share of $1.50, beating its guidance. The company also recorded a pre-tax loss of $5.1 billion related to the company pulling out of operating in Canada. In pre-market trading, the company’s shares were up a little over 1% to $77.85 per share. […]


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