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Latest Reports

IT Budgets and Hiring on the Rise Despite High-Profile Layoffs

It is easy to look at layoffs from major tech companies such as Microsoft, Amazon, and Google as a sign that IT departments everywhere might be struggling. In fact, this is not the case. When it comes to end-user companies, both IT budgets and hiring are strong. CIOs have a major role in the strategic transformation of their enterprises, and they have no shortage of new investment priorities. Despite recent turmoil, or perhaps because of it, CIOs are pushing on. This Research Byte is a brief description of some of the findings in our IT Spending and Staffing Benchmarks 2024/2025 study.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 7: Insurance

Chapter 6 provides benchmarks for banking and financial services companies. The firms in this sector include commercial banks, investment banks, credit unions, mortgage lenders, consumer finance lenders, and other types of lenders and financial services providers. The 48 respondents in this sector range in size from a minimum of about $50 million to over $75 billion in annual sales.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 5: Discrete Manufacturing

Chapter 5 provides benchmarks for discrete manufacturing organizations. Discrete manufacturers are defined as those where the production process adds value by fabricating or assembling individual (discrete) unit production. This category includes manufacturers of consumer products, athletic equipment, industrial equipment, telecommunications equipment, aerospace products, furniture, auto parts, electrical parts, medical devices, and electronic devices, among other products. The 79 respondents in this sample range in size from a minimum of about $50 million to over $300 billion in annual revenue.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 4: Process Manufacturing

Chapter 4 provides benchmarks for process manufacturers. Process manufacturers are defined as those where the production process adds value by mixing, separating, forming, or chemical reaction. This sector includes manufacturers of chemicals, petrochemicals, semiconductors, pharmaceuticals, dietary supplements, food and beverage products, cosmetics, building materials, packaging materials, steel, glass, paper products, and other process-manufactured goods. The 96 respondents in the sample range in size from a minimum of about $50 million to a maximum of around $70 billion in annual revenue

September, 2024

Insurance Business Process Transformation 2024 Market Insights™

The Insurance Business Process Transformation 2024 Market Insights™ assists enterprises in identifying important demand-side trends that are expected to have a long-term impact on any insurance business process transformation engagement. The report also highlights key challenges that insurance entities face today.

September, 2024

Insurance Business Process Transformation 2024 RadarView™

The Insurance Business Process Transformation 2024 RadarView™ provides information to assist enterprises in building an insurance service strategy and charting an action plan for insurance business process service transformation. It identifies key global insurance service providers that can help expedite this transformation. It also brings out detailed capability and experience analyses of leading providers to assist businesses in identifying the right strategic partners. The 68-page report highlights key industry trends in the insurance business process transformation space and Avasant’s viewpoint.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 32: Life and Annuity Insurance

Chapter 32 provides benchmarks for life and annuity insurance companies. The firms in this sector include companies that sell life insurance, long-term disability insurance, annuities, and other types of insurance. The 17 respondents in this sector range in size from a minimum of $100 million to over $50 billion in annual revenue.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 31: Property and Casualty Insurance

Chapter 31 provides benchmarks for property and casualty (P&C) insurance companies. The firms in this sector include companies that offer property and casualty insurance, auto insurance, homeowner’s insurance, renter insurance, and similar types of insurance. The 16 respondents in this sector range in size from a minimum of $100 million to over $100 billion in annual revenue.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 30: Healthcare Payors

Chapter 30 provides benchmarks for health insurance companies. The firms in this sector include companies that sell medical and dental insurance along with healthcare providers that also offer health insurance plans and function as healthcare payors. The 26 respondents in this sector range in size from a minimum of $100 million to over $100 billion in annual revenue.

September, 2024

IT Spending and Staffing Benchmarks 2024/2025: Chapter 29: Online Retailers

Chapter 29 provides benchmarks for online retailers. This subsector includes online retailers of clothing, home furnishings, dietary supplements and health products, agricultural products, pharmaceuticals, sports equipment, and other products. The 27 respondents in this sample have annual revenue ranging from about $100 million to over $200 billion.

September, 2024
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