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Great piece, Sarah. 80% of IT budgets in enterprises are spoken for just keeping the lights on -- running and maintaining existing systems.
Of the 20% left, more and more of the remaining budget is driven by business departments. Typically, what's left for IT to spend on itself is less than 5%. Now 5% in the aggregate is a big number, but on a company by company basis, there are many competing interests for that slim sliver of new projects.
Its smart that they raised as much as they did and are willing to wait out the enterprise sales cycle -- or should I say death march.
1 year, 7 months ago on Aaron Levie, elephant hunter: Why the cloud’s consummate poster boy is actually an outlier
Lynda is the digital analog of the technical training institute with an intense focus. The VO-Tech world is being looked on with an entirely new lense as companies like Lynda demonstrate that you can learn valuable skills that result in excellent pay without having to go to a 4 year college.
Bill Symonds runs the Pathways to Prosperity program at Harvard's School of Education http://www.gse.harvard.edu/news_events/features/2011/Pathways_to_Prosperity_Feb2011.pdf
to foster the development of skills and training without requiring the classic 4 year liberal arts college. (I know. Where is their website?)
1 year, 11 months ago on Who says education can’t be lucrative? The early days of Lynda.com
Way to go Dave. 3D is the future. Great application
2 years, 1 month ago on Floored unveils 3D modeling for real estate in the form of an app
Great post. Everyone loves to pile on and take down winners.
2 years, 2 months ago on It’s time to throw in the towel on Apple
Its cheaper than recruiters. The team has worked together for a while and the investors can say that their company was acquired by Facebook or Google and not have to be specific about the outcome. because its marked against the entire fund. No one has to know...
2 years, 7 months ago on The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley?
Hybrid is right. The cost of migrating erp systems, which predominate it spending in many corps is massively high and has enormous security implications, since we are now talking about sec investigations and criminal charges for violations.
Apps that are on the edges - expense reporting, etc - will migrate before core financial apps will see saas. Don't underestimate the cost of compliance violations. Jail is an amazing fear factor.
2 years, 9 months ago on The Great Replacement: Microsoft, Yammer, and a New World in Enterprise Computing