We are excited to show you several data points and macro takeaways from our Spring Technology Spending Intentions Survey and COVID-19 Impact drill down series, citing participation from 1,500 IT decision-makers.
The past week, high-flying CDN-turned-edge-computing vendor Fastly announced that its 3Q'20 revenues would be 5% lower-than-expected due primarily to significantly lower than anticipated revenues from its largest customer, which it had previously disclosed as ByteDance, the operator of TikTok.
"We originally started with Redshift as our data warehouse. Over time, we realized that there were some features that were missing that we weren’t able to take advantage of, so we looked at Snowflake and realized it was a much more current and modern cloud infrastructure to move to."
Ahead of Snowflake's rumored IPO, ETR reviews its most recent data to determine whether Snowflake can maintain its elevated adoption rate & continue penetrating the largest accounts in the world. The information below was collected through a topical study ETR conducted in May 2020.
Based on the preliminary data, 44% of CIOs indicated their organization is decreasing investments in emerging tech due to COVID-19.
ETR launched its Summer Emerging Technology Study last Thursday afternoon to gauge CIO sentiment levels across 300+ private enterprise technology companies. As a follow up, we asked these same high-level IT decision makers to provide insight as to the type of recovery their organization expects due to COVID-19. Specifically, we gauged whether their organization is expecting a V-shaped, U-shaped, or L-shaped recovery due to COVID-19.
