• CXO SpectrumCXO Spectrum
  • Contact CXO Spectrum
  • Contribute
  • Privacy Policy
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

CXO Spectrum

  • News
    • Funding
    • 5G
    • AI
    • Big Data
    • Cloud
    • Fintech
    • Innovation
    • IoT
    • IT Strategy
    • Security
  • Insights
  • Q&A
  • Events

Insights

Gartner Finds 62% of CFOs Looking to Cut Admin Budgets

April 7, 2020 by Editorial Staff

According to a new study from Gartner which surveyed 317 CFOs and finance leaders, nearly two-thirds are planning at reductions in selling, general, and administrative budgets this year.

The survey also found that 18% are looking to cut budgets across all departments, with the biggest anticipated cuts in marketing, with 31% of respondents expecting a budget cut of more than 10%.

To adjust to this new normal, Gartner recommends the following four cost management tactics:

  • Think big: Consolidate products and services into fewer lines of business, building on a foundation of a narrower industry footprint.
  • Involve the business: Include other decision-makers to explore identify best cost-saving opportunities.
  • Establish new leading indicators: Gartner analyst Dennis Gannon, Advisory VP for the Gartner Finance Practice says, “The organizations that will come out of this crisis in leadership positions are those that quickly move resources to emerging areas of opportunity while competitors are ducking for cover.”
  • Create a recurring headwind and tailwind cost report: Identify and quantify uncertainties in the external environment in an effort to gain full transparency into the factors that might affect business performance.

For more information, you can find the Gartner announcement here.

Filed Under: Digital Transformation, Insights, News

WFH, WTF? How Remote Workplace May Be the New Norm After COVID-9

March 25, 2020 by Editorial Staff

For weeks, recent Work From Home converts lit up Twitter with memes highlighting the bizarre new normal that much of the work is adjusting to. Dogs barking during calls with investors? Kids living out Where’s Waldo on mom’s Zoom call? Armwrestling over devices with spouses and kids needing to turn in distance learning assignments?

Plenty of smart folks have offered insight and resources for organizations looking to cultivate connection.

Dion Hinchcliffe, Constellation Analyst and ZDNet contributor published, “Revisiting How to Cultivate Connected Organizations in an Age of Coronavirus” on his blog. Hinchcliffe details the history of the concept of Enterprise Social Network (ESN) and why now is the time to create true community in organizations, implementing them fully into modern enterprise strategy.

Barbara Z. Larson, Susan R. Vroman, and Erin E. Makarius write in Harvard Business Review, “A Guide to Managing Your (Newly) Remote Workers.” While the authors identify the need for providing technical options for connecting and a daily check-in – they also call for managers to provide emotional support and recognize that some workers may suffer from a sense of isolation.

The work-life balance is now topsy-turvy- for now – but what does this portend for the COVID-19-free future?

Rebekah Bastian, who has held roles in community and culture at Zillow and recently published “Blaze Your Own Trail” argues that the shift has potential to improve the work environment. Bastian suggests that the sense of shared experience, the normalization of parenting, and increase in work flexibility might be the silver lining of the current crisis.

Certainly, the common theme has arisen in much of the response we see – that virtual community is a necessity, and one that is getting so much needed attention now that it’s physical counterpart is impossible.

Filed Under: Insights

Gartner: Blockchain Technologies Are Still Five to 10 Years Away From Transformational Impact

October 9, 2019 by Editorial Staff

Gartner says Blockchain is not yet mainstream.

“Blockchain technologies have not yet lived up to the hype and most enterprise blockchain projects are stuck in experimentation mode,” said Avivah Litan, distinguished analyst and research vice president at Gartner. “Blockchain is not yet enabling a digital business revolution across business ecosystems and may not until at least 2028, when Gartner expects blockchain to become fully scalable technically and operationally.”

For blockchain to become mainstream, Gartner said users shouldn’t have to worry about picking the right platform, the right smart contract language, the right system interfaces, and the right consensus algorithms. Additionally, concerns about how users will interoperate with partners that use different blockchain platforms for their projects must be rectified.

“We are witnessing many developments in blockchain technology that will change the current pattern. By 2023, blockchain platforms will be scalable, interoperable, and will support smart contract portability and cross chain functionality. They will also support trusted private transactions with the data confidentiality required. All together, these technology advances will take us much closer to mainstream blockchain and the decentralized web, also known as Web 3.0,” said Ms. Litan.

Filed Under: Digital Transformation, Insights, News Tagged With: ceo, cfo, cio, cto

Primary Sidebar

Recent Funding News

Faros AI Lands $20 Million Series A

Read More... about Faros AI Lands $20 Million Series A

Cybersecurity startup MixMode lands $4M in Funding

Read More... about Cybersecurity startup MixMode lands $4M in Funding

Orchestrated Risk Management Provider ZeroNorth Secures $10M in Series A+ Funding

Read More... about Orchestrated Risk Management Provider ZeroNorth Secures $10M in Series A+ Funding

WHAT WE’RE READING NOW

Harvard Business Review

The Restorative Power of Ritual

MIT News

Learning about artificial intelligence: A hub of MIT resources for K-12 students

ZDNet

Harvard researchers: Social distancing during COVID-19 may have to be turned on and off like a spigot

WHAT WE'RE WATCHING NOW

Gartner

Coronavirus Outbreak: CIOs’ Short- and Long-term Actions

Constellation Executive Network’s DisrupTV

DisrupTV Featuring Jon Reed, Co-Founder of Diginomica

Copyright © 2025 · CXO Spectrum · All Rights Reserved Privacy Policy