New research from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, finds enterprises are rapidly accelerating their adoption of cloud computing using a hybrid, multi-cloud approach, with most enterprises pushing to move the majority of their applications into software-as-a-service (SaaS) offerings as quickly as 2021.
The new ISG Insights Enterprise Cloud Transformation Report is based on a survey of more than 300 enterprise IT decision-makers in the U.S. and Europe that asked about their cloud operations, adoption and expectations for the future. On average, enterprises are using two different public cloud infrastructure vendors for their applications, the study finds, in addition to a complement of SaaS vendors.
“Our research shows the overwhelming majority of enterprise IT decision-makers run their applications in a hybrid mode, with some workloads in the public cloud and others in private data centers,” said Chris Germann, partner, ISG Enterprise Research. “Interestingly, most of those same IT professionals expect the majority of their workloads will be running in software-as-a-service environments by 2021. This will relieve enterprises of the burden of maintaining core business applications and give them access to constantly updated vendor offerings, but they will need to manage applications in a spectrum of environments – from on-premises to SaaS – during the transition.”
The report found companies today are distributing their applications portfolios across traditional environments, on-premises private clouds, hosted private clouds, colocation facilities and public cloud infrastructure, and are in the process of adopting the latest public cloud services. Sixty-five percent of IT leaders say their firms are piloting cloud database services and 72 percent say they are planning to use cloud-based blockchain services.
However, more than 70 percent of IT leaders indicate they will not change their application architecture or hosting model before 2021 for key systems of record, such as accounting and financial software, meaning new cloud services and applications will be expected to mesh with legacy systems already in place.
“By using cloud-based applications, companies are making decisions on the technologies they plan to use for a long time, even though those choices in many cases are not part of a strategic plan,” Germann said. “Without a thoughtful approach to workload transformation and migration to cloud, enterprises will increase the cost of cloud integration and saddle themselves with tools or software that can negatively impact the business value of their new infrastructure.”
Less than six percent of enterprises surveyed by ISG agreed or strongly agreed that they have a Cloud Entry Framework (CEF), which lays the foundation for how, when and where different applications will migrate to the cloud. Less than one percent said a CEF is very or extremely important for their business, revealing a potential vulnerability for enterprises that do not take the time to fully understand the potential, long-term implications of cloud migration.
When adopting public cloud services, enterprises must balance business needs with a robust and adaptable technology platform, Germann said. “IT leaders need to control adoption of new services to avoid cloud sprawl, while allowing teams the flexibility to take advantage of new and powerful hybrid architectures,” he said. “One of the most underappreciated strategies is a Cloud Entry Framework to provide clarity for long-term cloud adoption.”
ISG Insights provides proprietary research, advisory consulting and executive event services focused on market trends and disruptive technologies driving change in business computing. To view an abbreviated executive summary of the ISG Insights Enterprise Cloud Transformation Report, visit this webpage. To learn more about ISG Insights, please visit the ISG Insights Research page on the ISG website or contact ISG.
SOURCE Information Services Group, Inc.
DNA Behavior International Takes its API to the Next Level by Enabling it with AI
For some time now DNA Behavior has been using its API to help a variety of organizations quickly “plug in” its behavioral chip to discover and leverage behavioral insights already within their people and systems. Now, DNA Behavior is taking that effort to the next level, by leveraging a suite of enterprise-ready AI services, applications, and toolsets to accelerate the adoption of behavioral insights across large financial services enterprises.
“Banks and large wealth management firms are leveraging behavioral finance to gain a competitive edge,” says Hugh Massie, CEO of DNA Behavior International. “To date, behavioral finance initiatives have been pinpointed and targeted toward specific client and employee groups. By utilizing AI and additional apps and toolsets, DNA Behavior is poised to implement the worlds’ largest behavioral finance initiatives for banks and wealth management firms. In short, rapid application of BeFi across larger organizations.”
DNA Behavior’s focus and specialty is revealing 200+ behavioral insights and the action steps needed to aid employees and clients in investing, working, spending and living smarter. Leveraging these additional technologies in addition to DNA’s API help meet industry demands to create rich omnichannel experiences by applying behavioral insights to enterprise-wide datasets.
“We’re using linguistic analytics to deepen our – and our clients’ – understanding of individual’s personality characteristics,” Massie says. “The linguistic and tone patterns individuals use in their speech or written communication have inherent connections to their instinctive behaviors. Revealing these linguistic and tone patterns will aid in DNA Behavior’s core offering, which is validated, robust, consistent and practical behavioral insights and customized experiences they can “plugin” to their own systems. These latest additions amp up that offering, expanding the possibilities, both in terms of speed and volume,”
As examples of its new AI-enabled API, Massie offers three scenarios:
- Use natural language recognition capabilities to discern the intent of what a user is saying, to respond to inquiries and requests. The problem is, most chatbots and automated support systems use a one-size-fits-all approach to respond to inquiries. DNA is powering current technologies to customize these existing engagements at scale.
- Measure emotions, fears and excitement for investors and relaying this intelligence to advice teams along with the communication steps and a playbook to behaviorally manage clients.
- Use linguistic analytics to infer individuals’ personality characteristics, from digital communications such as email, blogs, tweets, and forum posts. This enables an organization to better parse a user’s inclination to create a customized marketing playbook for each client. Organizations armed with this information will optimize their marketing spend for steak dinners, theater tickets, gifts and professional sporting events.
SOURCE DNA Behavior International
Post-fundraising update: YouTrip Secures Principal Licence From Mastercard To Fuel Rapid Growth in Singapore
YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard, has announced that it has secured a Principal Licence from Mastercard and will be assuming the primary role of issuer and stored value facility holder of YouTrip accounts. This will allow YouTrip to deliver improved and additional features directly to its users, as well as enable it to provide a more robust and dedicated payment security setup in anticipation of The Payment Services Act targeted to commence in 2020.
Having partnered with Mastercard and EZ-Link to launch in Singapore in August 2018, YouTrip will be taking over the role of issuer and holder of stored value accounts from EZ-Link while continuing the current brand partnership. This is part of YouTrip’s wider ambitions to develop its platform and new features for its users, as it readies itself for expansion. Since YouTrip announced its record pre-Series A fundraise earlier this year, it has doubled the number of app downloads to over 400,000 from 200,000 in May and grown its team beyond 100 people across its offices in Singapore and Hong Kong.
Caecilia Chu, co-founder and CEO of YouTrip said, “We have come a long way since we launched a year ago. The tremendous support we have received from our users is truly humbling, and also a testament to their belief and confidence in our mission to transform overseas travel spending. Securing a Principal Licence from Mastercard marks another significant milestone in our growth journey as it will allow us to operate and deliver additional features directly to our users, as well as accommodate more sign-ups. As the regional fintech space continues to develop dynamically, this licence will provide the ideal springboard for the development and expansion plans we have in the pipeline.”
YouTrip also recently obtained a remittance licence from MAS to cater for future product development. This will be key to its expansion plans as more regulators identify fintech as a major growth area and introduce progressive policy measures to facilitate innovation and the broadening usage of such services.
POS Terminal Market to Soar Owing to Massive Demand for Cost-Effective Technologies to Manage Payment Systems by 2023: Radiant Insights, Inc.
Global POS Terminal Market is anticipated that the market will witness a higher CAGR during the forecast period. Retail payment systems account for an essential position in the smooth functioning of any economy. In the past years the growing popularity of the device across different verticals is enabling the industry growth. Inception of cloud technology and related benefits are more likely to deliver robust technology for payment systems in the near future. Further, major development in the POS device such as size and technology compatibility for small-scale business, and greater flexibility.
Driving factors comprise massive demand for cost-effective technologies to manage payment systems within different verticals. POS terminal offers convenience and features in various application segments. In addition, the proliferation of smartphones and modernization of app technology provide payment service to customers in the consumer market is adding more.
In addition, inception of big data backed by software which is integrated with other software systems is contributing more to the utility value. Hence, greater CRM functionality aligned with customer relations and the use of predictive analysis for client and customers in the B2C space accounts for a massive growth during the forecast period.
Download PDF to know more details about “Global POS Terminal Market” Report 2023.
Fixed and wireless POS form as product segments while hardware and software form the component category for POS terminal market. The Asia Pacific dominates the global scenario owing to the vast presence of customer base and digitalization of payment technologies at large. In addition, inception of start-up technology in India and China acts as a catalyst in strengthening the industry growth in APAC.
The key players are Mswipe Technologies Pvt Ltd, Shenzhen Xinguodu Technology Co Ltd, SMIT Fintech Co Ltd, Fuijan Newland Payment Technology Co Ltd, SZZT Electronics Shenzhen Co Ltd and VeriFone Holdings Inc.
The ‘Global POS Terminal Market Outlook 2018-2023’ offers detailed coverage of POS terminal industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading POS terminal producers to provide exhaustive coverage of the market for POS terminal. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.
The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global POS terminal market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Middle East & Africa (South Africa, Saudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.
Access 143 page research report with TOC on “Global POS Terminal Market” available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/global-pos-terminal-market-outlook-2018-2023
- Key Regions
- North America
- Asia Pacific
- Middle East & Africa
- South America
- Key Vendors
- Fujian Newland Payment Technology Co., Ltd.
- Mswipe Technologies Pvt Ltd
- Shenzhen Xinguodu Technology Co., Ltd.
- SMIT Fintech Co., Ltd.
- SZZT Electronics Shenzhen Co., Ltd.
- VeriFone Holdings, Inc.
- Key Questions Answered in This Report
- Analysis of the POS terminal market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on POS terminal including products, sales/revenues, and market position
- Market structure, market drivers and restraints.
Browse reports of similar category available with Radiant Insights, Inc.:
Latest News3 months ago
Galaxy Digital Announces Approval of License to Underwrite Registered Public Offerings of Securities
Fintech6 months ago
New App Makes Proxy Voting Easier for Individual Investors
Fintech5 months ago
Coinplug receives its fourth Korean government project of 2019
Latest News3 months ago
SRAX CEO Christopher Miglino to Appear Today on Yahoo Finance LIVE “YFi AM”
Latest News3 months ago
NTT DATA Presents the Future of Digital Acceleration
Latest News4 months ago
Huobi Says: The Crypto Industry Should Embrace Industry Standards & Compliance At V20
Latest News3 months ago
TokenMarket Successfully Concludes its Security Token Offering with 158% Funding
Latest News3 months ago
Ideanomics’ NETS Division and Palcan to Commence Fast Charge Networks Initiative