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IT downtime cuts enterprise profit by 9%, says study

CIO

Downtime cost large enterprises an average of $200 million annually, cutting 9% from yearly profits, according to a study commissioned by Splunk. And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. million on observability tools, the study found.

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7 signs it’s time to modernize your IT systems

CIO

The bad news, however, is that IT system modernization requires significant financial and time investments. On the other hand, there are also many cases of enterprises hanging onto obsolete systems that have long-since exceeded their original ROI. Kar advises taking a measured approach to system modernization.

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With fresh capital, Symend aims to build a better debt collection system

TechCrunch

The New York Fed’s study also showed that the share of current debt becoming delinquent climbed for nearly all debt types, from mortgages to auto loans. ” With fresh capital, Symend aims to build a better debt collection system by Kyle Wiggers originally published on TechCrunch. . trillion, $2.36 delinquent credit card).

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3 recruiting metrics that can help startups make more data-driven hiring decisions

TechCrunch

According to Harvard Business Review , the price of a bad hire is 30–50% of their salary, which can hit startup budgets hard in 2023. A recent study says the average benchmark is $4,700. If the cost is over $6,000, it makes sense to review your strategy. Second, tally up all expenses.

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IT Budgeting: Exploring Cost Reduction Strategies

Kaseya

Building an IT budget that drives innovation and business growth while controlling costs at the same time can be a herculean struggle for many IT teams. Let’s look at some ways IT teams can find that balance between cost control and innovation in their 2021 IT budgets. IT Budgeting. IT Cost-Reduction Strategies.

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Teachers are leaving schools. Will they come to startups next?

TechCrunch

Or the fact that she rarely had time to spend with her kids after the school day due to workload demands. Over the years, thousands have left the system due to low pay and rigid hours. According to a study from the Economic Policy Institute, teachers earn 19% less than similarly skilled and educated professionals.

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AARP Innovation Labs takes a holistic approach to age-tech at CES

TechCrunch

The program included fintech startups because of the pandemic’s economic impact, focusing on three companies that “are helping aging populations better manage finances and budgets, and effectively plan for the future.” It hosts hundreds of games, including role-playing games. For individuals, the clinic section included two startups.