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Eugene Goland
Eugene Goland is a renowned business and technology expert with a background in Business and Computer Science.
He pursued his education in Business at the University of Maryland - Robert H. Smith School of Business and earned a Bachelor of Science in Computer Science from New York University.
Goland currently serves as the President at Dataart, showcasing his leadership skills and industry expertise.
With a rich entrepreneurial history, he was the Co-Founder and Chief Executive Officer at Mail.Ru Group, a significant role that highlights his strategic vision and business acumen.
Prior to that, Eugene Goland was the Owner and Chief Executive Officer at Advanced Network Design New York, where he further honed his leadership and management capabilities.
His diverse background in both business and technology positions him as a valuable asset in the modern business landscape.
Highlights
𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐭 𝐏𝐥𝐚𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐥𝐨𝐰𝐝𝐨𝐰𝐧 In this post, I’ll examine the dynamics at play in the current slowdown in the software development market, including macroeconomic shifts and rapid advancement in generative AI (GenAI). Despite our slower revenue growth in 2023, our market remains vast, and we continue to onboard sizable projects and high-profile clients. Yet, sales cycles have lengthened, negotiations have grown more complex, and some projects are on hold pending improvement in market conditions. While our volume of new business in 2023 is comparable to 2022, we have seen a contraction of our existing client portfolio, particularly among PE- and VC-backed tech firms, reflecting broader trends. This pullback is mostly driven by overinvestment in prior years, which was fueled by cheap capital and covid recovery spending by developed economies. High interest rates have since reduced the present value of projected future cashflows, dampening enthusiasm for financing early-stage companies and leading to bankruptcies and acquisitions by larger entities. Early-stage companies that have survived on their own have done so by aggressively cutting spending to avoid high borrowing costs or funding at unfavorable valuations. Larger enterprises, accustomed to markets' ups and downs, generally remain committed to their digital transformation strategies, but many have scaled back on discretionary IT spending. Some companies have also been hesitating on projects due to a sense that software development is on the cusp of being transformed by GenAI. From my perspective, AI-assisted programming promises increased efficiency and lower software costs, boosting ROI and making software projects more attractive to businesses and investors and thus driving industry growth. The effect of GenAI on IT budgets is still unfolding, with companies beginning to integrate this technology into their own operations and offerings, paving the way for its more robust inclusion in 2025 IT budget allocations. Despite U.S. political uncertainties and global geopolitical tensions, our principal markets, exhibit positive macroeconomic trends and robust microeconomic signals. Looking ahead, we remain optimistic that software will continue to be among the most effective drivers of value. "Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner®, Inc." We believe we are well-positioned to leverage these trends for continued growth. Gartner Press Release, Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024, October 18, 2023, https://lnkd.in/epGhPxtD GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
#dataart #itspending #generativeai #genai #gartner
Dear Team,
Impossible as it might seem, we’ve passed a year mark since Russia invaded Ukraine. As I reflect on the past year, I’d like to acknowledge the effort, commitment, courage, and resilience that you, our colleagues, and partners, have demonstrated.
Our administrative team handled close to two thousand relocations that came with new labor, tax, and immigration law issues, coordinated financial assistance to relocating staff, established aid funds with unprecedented speed, exited Russia, opened and expanded operations in over a dozen countries, and worked around the clock to maintain business continuity in affected areas and to address potential war-related security threats.
DataArt and partners launched a long–term Support Ukraine initiative and formed the DataArt Ukraine Board to coordinate volunteer efforts within the company and collect and transfer funds to organizations helping Ukrainians in need.
We've contributed over $5 million to help the people of Ukraine, including our employees, and continue to direct a share of our profits to the Support Ukraine initiative.
Over $1.14 million, made up of our staff’s and partners' contributions and DataArt's matching funds, has been directed to on-the-ground aid initiatives in Ukraine. Here are some of them:
- Purchase of medical equipment and renovations of a military hospital
- Aid to children who lost one or both parents during the war
- Provision of heating stations and generators
- Purchase of ambulances and related medical equipment
- Purchase of routers and internet access points for bomb shelters, kindergartens, and schools
- Rehabilitation for children with cerebral palsy
- Purchase of electrical supply equipment for schools, hospitals, and shelters.
- Establishing a mental health center in Lviv.
As a company, we've spent over $3 million on relocation, evacuation, transportation, and charging stations. We've also provided around $1.3 million in financial support to the families of our mobilized colleagues and those who have devoted themselves to delivering humanitarian aid on the front lines.
I could not be prouder of these efforts or more grateful to our partners.
And yet, Russia’s attack continues. Over a hundred thousand Ukrainian soldiers and civilians have been killed or suffered injuries. Over 13 million Ukrainians have been displaced, at least 6,000 Ukrainian children have been abducted, dozens of cities have been destroyed.
Many people have no reliable access to food, water, heat, or electricity and no respite from the violence. Nearly 18 million people are in dire need of humanitarian help. We must go the extra mile and another...
In partnership with United4Change Center (U4C), we have set up a US-based fundraiser to raise and facilitate humanitarian aid to finance initiatives by volunteers: To donate, visit https://lnkd.in/ghBwyQ6Z
#helpukraine #ukraine #ukrainewar #team
