In his Forbes Technology Council column our CEO Theo Schnitfink shares his thoughts on the business prospects in the face of the nearing market recession. The imminent recession we are slipping into is undeniably on every executive’s mind today. All the macroeconomic signals are indicating that downturn is inevitable. Inflation has spiked to 40-year heights, which caused interest rate expectations to rise suddenly. The more growth-oriented the companies were the more they’ve gone down over the last 6 months. Even the absolute best SaaS companies are experiencing turbulent times. As a result, the outflow of venture capital funding the startups, including late-stage companies with 100+ and 1000+ employees. There is so much uncertainty, one being the recession, that a lot of venture capital firms are choosing not to invest right and instead wait for more clarity on where the new evaluation levels are going to land. Considering the situation, hiring new people might not be a good idea for some companies, as it entails a long-term commitment. So instead of hiring people, companies should consider hiring services for a specific problem. A short article recap: Services are more predictable for businessesIn terms of business continuity, they minimize the impactThey are more problem-focused and flexibleThey can help speed up the deliveryTransitioning to a service model is essentially about choosing the engagement model that works the best for your company. Get the full story, visit Theo’s article on cloud transformation in the face of market recession.
News Healthcare Forbes Article by Theo Schnitfink: How Technology Puts the ‘Care’ in Healthcare Theo Schnitfink, Founder of Symphony Solutions, shares his thoughts on the role of cloud computing during the pandemic at Forbes Technology Council Over the last couple of years, the healthcare industry has been under a lot. What with the pandemic, and the incredible strain it has put on the system in the aftermath, the pressure […]
Article IT How a Dutchman Opened an IT Business in Ukraine By Magdalena Lemanska, Forbes Poland, 26 December 2018 Companies can have problems changing their mindsets and acting. And a simple change in how they are organized can change the company’s business culture completely. Theo Schnitfink, Founder of Symphony Solutions, a digital transformation company, tells his story, how he chose Ukraine, and why he is committed […]
News Healthcare Forbes Article by Theo Schnitfink: How Technology Puts the ‘Care’ in Healthcare Theo Schnitfink, Founder of Symphony Solutions, shares his thoughts on the role of cloud computing during the pandemic at Forbes Technology Council Over the last couple of years, the healthcare industry has been under a lot. What with the pandemic, and the incredible strain it has put on the system in the aftermath, the pressure […]
Article IT How a Dutchman Opened an IT Business in Ukraine By Magdalena Lemanska, Forbes Poland, 26 December 2018 Companies can have problems changing their mindsets and acting. And a simple change in how they are organized can change the company’s business culture completely. Theo Schnitfink, Founder of Symphony Solutions, a digital transformation company, tells his story, how he chose Ukraine, and why he is committed […]