Despite Recession Fears, Companies Aren't Pulling Back on Technology Investments

"In this environment, we're competing for making the most and longest term value for our businesses," he said."So ask yourselves: where do I have a competitive advantage and where can I play offense?", said for many companies the tech agenda and the business agenda have become one and the same.

Global Payments is particularly focused on cloud native products and platforms, analytics, AI and machine learning, areas he describes as essential to"driving positive business outcomes." The same holds true for its health-care customers that leveraged telemedicine during the pandemic when patients were unable to see their doctors in person."The pandemic accelerated the deployment of so many of these new technologies and now businesses aren't willing to go backwards," Sacchi said.

Despite the uncertain economic climate, well-funded, cash-flow positive firms are in a particularly good position to create even more distance between themselves and competitors, Allan said."This is what separates the good from the great leaders, the ones who can recognize this time and capitalize on it," he added.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Why Amazon is a key recession indicator: Investment expertGregg Smith, the founder of Evolution VC Partners, weighs in on whether he believes a recession is imminent and explains why Amazon could be a leading indicator.
Herkunft: FoxBusiness - 🏆 458. / 53 Weiterlesen »

US stock market sees worst first-half slide in 50 yearsStocks plummet and S&P 500 sees worst first half in more than half a century as US data shows persistently high inflation pinching consumer spending Political spends tax money to Ukraine .. .
Herkunft: trtworld - 🏆 101. / 63 Weiterlesen »

Investors lose confidence worldwide as aggressive rate hikes drive market volatility higher, State Street data saysGlobal markets are set to close out the worst first half since 1970 on fears monetary tightening will lead to recession. Sell!!!!!
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »