Tag: Adoption

12
Oct
2020
Posted in software

This Startup Expedites Enterprises’ Adoption of Software Applications


6 min read


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

In a computer-driven era, adopting or learning new software can be taxing and time consuming. On an individual level, a simple click on YouTube tutorials or calling up a friend who is proficient with the software can do the trick. However, for enterprises with thousands of employees, the situation to deal with a new software or facing an error is expensive and not welcomed. Customer relationship management (CRM) software used by enterprises across sectors to onboard new customers can be onerous to use.

Understanding this pain, Khadim Batti and Vara Kumar in 2013 founded a SaaS-based solution provider startup Whatfix. Based in Bengaluru, the startup in February this year raised $32 million in Series C round from Sequoia Capital.

In an interaction with Entrepreneur India, Batti, chief executive officer and co-founder of Whatfix, talked about the startup built based on a feature from an earlier venture and what the future plans are.

From SearchEnabler to Navigator

Batti and Kumar have known each other for the past ten years before donning the entrepreneurial cap. Both of them worked together for Huawei Telecom where they looked after the DPI and BI solutions. Building the BI product line up from the scratch encouraged both of them to build something on their own. Thus, the two quit the Chinese telecom company in 2010 to start their own venture in 2011, SearchEnabler. The startup then focused on small medium business(SMBs) and helped them to be discoverable and enhance their search and social media visibility on their own

“Our hypothesis of ‘do it yourself’ (DIY) for small businesses and charge them $30-40  per month and get millions of businesses online didn’t go as planned,” added Batti.

Batti said small

12
Oct
2020
Posted in technology

Productivity Commission claims wide-spread regtech adoption will lift compliance

An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as reduce compliance costs, improve the efficiency of regulatory practices, and generate flow-on benefits to the community.

Some of the specific areas that the Productivity Commission believes regtech solutions could benefit from include where regulatory environments are particularly complex to navigate and monitor, explaining that there is scope to improve risk-based regulatory approaches; technology could enable better monitoring; and technology could safely unlock more uses of data for regulatory compliance.

While regtech could improve regulatory outcome, it should not be used as a substitute for regulatory reform, the Productivity Commission warned.

The paper also examined the costs, risks, and hurdles associated with the wider adoption of regtech. It pointed out that while regtech has the potential to deliver benefits, the wide-spread implementation of it could take some years, particularly when it comes to the adoption of “advanced” regtech, which requires specialised resources and longer development times.

See also: 3 ways to

08
Oct
2020
Posted in technology

Touch Controller IC Market | Adoption of New Technologies to Boost the Market Growth

The global touch controller IC market size is poised to grow by USD 6.67 billion during 2020-2024, progressing at a CAGR of over 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201008005438/en/

Technavio has announced its latest market research report titled Global Touch Controller IC Market 2020-2024 (Graphic: Business Wire)

The consumer inclination toward new technologies and devices will be a significant factor in driving the growth of the touch controller IC market. The incorporation of features such as unlimited touch, single and multi-touch, automotive touch, flexibility, passive and active stylus, fast response, small footprint, and robust operation in touch devices have boosted the sales and use of various touch interface products. Consumers are increasingly adopting such products because of their ease of use and enhanced user experience. The touchscreen technology used in these products employs touch controller ICs. The application of touch controller ICs has also diversified from mobile devices to a wider variety of consumer electronics, including smartphones, wearable devices, e-readers, video games, automotive applications, digital cameras, and tablets. Hence, with increasing consumer inclination towards new technologies and devices, the demand for touch controller ICs will also grow.

Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform

Report Highlights:

  • The major touch controller IC market growth came from the automotive segment. The increasing sales of premium and luxury vehicles integrated with technologically advanced solutions, such as navigation

08
Oct
2020
Posted in technology

AI Adoption Accelerates during COVID-19 Pandemic; 68% of US Businesses Increased Investment in AI Technologies

Highlights

  • Use of AI technologies reached 81%, up 33 percentage points since 2018

  • AI investment and adoption accelerated during COVID-19 pandemic

  • 86% of survey respondents believe that ethical considerations are a strategic priority in the design and implementation of their AI systems

  • AI is more likely to be used to increase efficiencies and worker productivity than to replace labor

  • US competitiveness in AI on the world stage remains a concern

The adoption of new artificial intelligence (AI) technologies and further investment in existing AI technologies accelerated during the COVID-19 pandemic, according to a study released today by RELX, a global provider of information-based analytics and decision tools for professional and business customers. The study also reveals that overall implementation of AI technologies across the business landscape increased for the third consecutive year.

The 2020 RELX Emerging Tech Executive Report marks the third edition of the survey and provides a three-year overview of AI adoption. It features insights from business leaders across eight industries (government, healthcare, insurance, legal, science/medical, banking and agriculture) and covers AI’s impact on businesses’ success, the future of work, global competition, ethics, and the global COVID-19 response. More than 1,000 U.S. senior executives were surveyed.

COVID-19 Drove AI Technology Investment and Adoption

COVID-19 is the most pressing issue facing US executives today as it reshapes and disrupts industries across the US. The majority of respondents (68%) increased their investment in AI technologies during the COVID-19 pandemic with 48% investing in new AI technologies and 46% investing further in AI technologies already in use at their companies. Similarly, 63% of business leaders polled report that AI technologies had a positive impact on their business’s ability to stay resilient in the face of the pandemic.

For many respondents, the COVID-19 response effort underscored the importance of AI, with 77%

07
Oct
2020
Posted in internet

Internet Security Market with COVID-19 Recovery Analysis 2020 | Rapid Adoption of BYOD Policy to Boost Market Growth

The global internet security market size is poised to grow by USD 20.41 billion during 2020-2024, progressing at a CAGR of 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005681/en/

Technavio has announced its latest market research report titled Global Internet Security Market 2020-2024 (Graphic: Business Wire)

The Internet security market is driven by the rapid adoption of BYOD policy. The perpetual changes in work locations, time zone barriers, as well as the pressing need to access official and confidential data on an employee’s personal device are resulting in the adoption of bring your own device (BYOD) policy. The increased adoption of the BYOD policy requires a secure network management suite that can be provided by commercial routers. SMEs and individual customers who have a high rate of data usage are focusing more on 3G/4G wireless routers. Thus, the market will experience continuous growth during the forecast period due to the abundant benefits of mobility.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Report Highlights:

  • The major Internet security market growth came from the products segment in 2019, and it is expected to witness the fastest growth during the next five years. This is primarily because of the increase in sales of hardware security components.

  • APAC was the largest Internet security market in 2019, and the region will offer several growth opportunities to market vendors during the forecast