Core Insights - The 16th edition of the World Quality Report highlights the significant role of Generative AI in Quality Engineering, indicating a shift in skills necessary for Agile development environments [1][2][3] Adoption of Generative AI - 68% of organizations are either actively using Generative AI (34%) or have developed implementation roadmaps following successful pilot projects (34%) [3] - Test automation is the primary area benefiting from Generative AI, with 72% of respondents reporting faster automation processes due to its integration [3] Upskilling and Learning Pathways - 82% of organizations have dedicated learning pathways for their Quality Engineering teams, but only 50% actively track the effectiveness of these programs [4] - Continuous learning in skills such as Generative AI, Agile integration, and cross-functional collaboration is emphasized as crucial [4] Challenges in Automation - 57% of organizations lack comprehensive test automation strategies, while 64% rely on legacy systems, which are identified as significant barriers to advancing automation efforts [4] Sustainability and Green IT - Only 25% of organizations measure the environmental impact of their overall IT development, and 44% track the impact of testing activities [5] - 34% of respondents implement efficient Quality Engineering practices to promote sustainability, indicating a need for comprehensive Green IT strategies [5] Strategic Value of Quality Engineering - The report stresses the importance of aligning Quality Engineering metrics with business outcomes to demonstrate its strategic value [2][6] - Industry leaders recognize the growing role of AI and emerging technologies in Quality Engineering, highlighting the need for organizations to communicate this value effectively [6]

New collaboration provides elevated service offerings with financial protection to attract and retain clients resulting in increased revenue streamsWATERLOO, ON, Oct. 21, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced a strategic partnership with Cork Inc., adding the cyber warranty solutions to provide a holistic solution portfolio tailored specifically for Small and Medium Businesses (SMBs) and Managed Service Providers (MSPs). This alliance will empower MSPs to offer a distinc ...

While companies improve defenses, almost half of respondents still suffer ransomware attacks and the resulting ransom payments only perpetuate the cycle of vulnerability WATERLOO, ON, Oct. 10, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released its third annual 2024 Global Ransomware Survey, which reveals the current state of ransomware attacks, including ransom payments, the impact of software supply chain attacks and generative AI. The report found that supply chain attacks are wides ...

As generative AI usage becomes more widespread, two-thirds of respondents expressed concern about AI systems collecting their data WATERLOO, ON, Oct. 3, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of Webroot's 2024 GenAI Consumer Trends and Privacy Report. The survey of over 1,000 U.S. consumers found that 39% of consumers use generative AI at least weekly, but significant privacy concerns persist, especially among parents. Additionally, while consumers have taken s ...

Core Viewpoint - The article highlights the effectiveness of value investing and identifies Open Text (OTEX) as a strong value stock based on its financial metrics and Zacks Rank [3][6]. Group 1: Value Investing Strategy - Value investing is a popular strategy that has shown success across various market conditions, utilizing valuation metrics to identify undervalued stocks [2]. - The Zacks Rank system focuses on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [1]. Group 2: Open Text (OTEX) Financial Metrics - Open Text (OTEX) has a Zacks Rank of 2 (Buy) and an A grade for Value, indicating it is among the best value stocks currently available [3]. - OTEX has a Price-to-Sales (P/S) ratio of 1.54, significantly lower than its industry's average P/S of 4.46, suggesting it is undervalued [4]. - The company also has a Price-to-Cash Flow (P/CF) ratio of 6.93, compared to the industry's average of 22.53, further indicating its attractive valuation [5]. - Over the past 52 weeks, OTEX's P/CF has fluctuated between 5.96 and 11.75, with a median of 8.61, reinforcing its current undervaluation [5]. Group 3: Earnings Outlook - The combination of OTEX's strong earnings outlook and favorable financial metrics suggests that it is an impressive value stock at this time [6].

Adversaries are taking advantage of weak security fundamentals and a lack of countermeasures to carry out cyberattacks WATERLOO, ON, Sept. 27, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today released the results of its 2024 Threat Hunter Perspective. The report found that the collaboration and coordination taking place between nation-states and cybercrime rings to target global supply chains and further geopolitical motives has become a signature trend in the threat landscape. For CISOs, th ...

WATERLOO, ON, Sept. 12, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that the nominees listed below were re-elected by shareholders at its annual meeting of shareholders (the "Meeting") held virtually today. The detailed results of the vote for the election of directors at the Meeting are set out below. Shareholders holding 221,529,725 common shares of the Company representing 82.60% of the outstanding common shares were present or represented by proxy at the Meeting. ...

New FedRAMP authorized solution provides government organizations a simpler way to deliver IT services WATERLOO, ON, Sept. 11, 2024 /PRNewswire/ -- OpenText (NASDAQ: OTEX, TSX: OTEX) today announced it has received authorization for the OpenText IT Management Platform (ITMX) from the Federal Risk and Authorization Management Program (FedRAMP®), advancing OpenText's commitment to providing comprehensive and modern, government-compliant and secure cloud solutions. With ITMX, government agencies can reduce Tie ...

WATERLOO, ON, Sept. 9, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) today announced that OpenText has been named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services2024 Vendor Assessment (doc #US51467323, September 2024). According to the IDC MarketScape, "OpenText Content Cloud connects content to the digital business, eliminating silos and providing convenient, secure, and compliant remote access to both structured and unstructured data capabilities. Capabilities include I ...

Virtual Summit to Feature Renowned Customer Speakers and In-Depth Sessions on the Future of Data Analytics WATERLOO, ON, Sept. 6, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), today announced the upcoming OpenText Analytics Digital Summit 2024, a premier virtual event that brings together industry leaders, data experts and technology innovators from around the globe. This year's Summit, which will be held Sept. 10-11, highlights the transformative power of AI and analytics, featuring a disting ...