Sixty percent of workers said new software had occasionally or frequently frustrated them within the past 24 months, according to a new survey by Gartner, Inc. In fact, 56% of users said new software had made them wish management would bring the old system back. The democratization and consumerization of IT has resulted in employees who have more discretion over what software they use and how they use it. Software product leaders often focus on adding new features to keep up with competitors, but this leads to overly complex products with poor user experience. The survey found that 81% of software users have taken some kind of action – positive or negative – after a notable experience with software. Depth of application usage can have a significant impact on the value an organization receives from software. That perceived value becomes important when renewal or upgrade time rolls around.
The survey also found that users frequently share their opinions on software with peers, with IT and with business leaders, either proactively or in response to requests for input. This “word of mouth” can start a chain reaction that influences whether others adopt or avoid applications. 42% of survey respondents said they have complained to peers after a negative software experience, while 38% have recommended an application to peers after a positive experience. Additionally, 42% have shared negative experiences with IT, and 25% have shared those experiences with business management. Social media is also becoming an important outlet for sharing opinions on software, with 10% of respondents indicating they had left reviews on social media or review websites after a negative experience with an application. With SaaS revenue growing faster than the overall software industry, providers increasingly find themselves in a continuous purchase cycle. In this competitive market, maintaining high-value application usage by making user experience a core competency is critical fo.
Sixty percent of workers said new software had occasionally or frequently frustrated them within the past 24 months, according to a new survey by Gartner, Inc. In fact, 56% of users said new software had made them wish management would bring the old system back. The democratization and consumerization of IT has resulted in employees who have more discretion over what software they use and how they use it. Software product leaders often focus on adding new features to keep up with competitors, but this leads to overly complex products with poor user experience. The survey found that 81% of software users have taken some kind of action – positive or negative – after a notable experience with software. Depth of application usage can have a significant impact on the value an organization receives from software. That perceived value becomes important when renewal or upgrade time rolls around.
The survey also found that users frequently share their opinions on software with peers, with IT and with business leaders, either proactively or in response to requests for input. This “word of mouth” can start a chain reaction that influences whether others adopt or avoid applications. 42% of survey respondents said they have complained to peers after a negative software experience, while 38% have recommended an application to peers after a positive experience. Additionally, 42% have shared negative experiences with IT, and 25% have shared those experiences with business management. Social media is also becoming an important outlet for sharing opinions on software, with 10% of respondents indicating they had left reviews on social media or review websites after a negative experience with an application. With SaaS revenue growing faster than the overall software industry, providers increasingly find themselves in a continuous purchase cycle. In this competitive market, maintaining high-value application usage by making user experience a core competency is critical fo
Technology video | 196 views
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Gartner’s top predictions explore three aspects of the lessons that business and IT leaders have learned during ongoing disruption and uncertainty – the push toward human centricity, the race to resilience and the ability to reach beyond expectations. The lesson of the pandemic has been to expect the unexpected and be prepared to move in multiple strategic directions at once. “Leaders that embrace options for workers, enhanced enterprise efficiency and accelerated transformation plans have greater resilience in dealing with change. Resilience, opportunity and risk have always been components of good business strategy, but today these issues hold new meaning. This year’s predictions embody how resilience must be built in more non-traditional ways, from talent to business modularity, while opportunity and risk must be viewed with a greater sense of urgency than ever before.”
By 2024, 40% of consumers will trick behavior tracking metrics to intentionally devalue the personal data collected about them, making it difficult to monetize and by 2024, 30% of corporate teams will be without a boss due to the self-directed and hybrid nature of work. By 2025, synthetic data will reduce personal customer data collection, avoiding 70% of privacy violation sanctions. By 2024, a cyberattack will so damage critical infrastructure that a member of the G20 will reciprocate with a declared physical attack. By 2024, 80% of CIOs surveyed will list modular business redesign, through composability, as the top 5 reasons for accelerated business performance. By 2025, 75% of companies will “break up” with poor-fit customers as the cost of retaining them eclipses good-fit customer acquisition costs. Through 2026, a 30% increase in developer talent across Africa will help transform it into a world-leading startup ecosystem, rivaling Asia in venture fund growth. By 2026, non-fungible token (NFT) gamification will propel an enterprise into the top 10 highes
Technology video | 278 views
Worldwide semiconductor revenue totalled $595 billion in 2021, an increase of 26.3% from 2020, as per the reports from Gartner, Inc. The events behind the current chip shortage continue to impact original equipment manufacturers (OEMs) around the world, but the 5G smartphone ramp up and a combination of strong demand and logistics/raw material price increase drove semiconductor average selling prices (ASPs) higher, contributing to significant revenue growth in 2021. Samsung Electronics regained the top spot from Intel for the first time since 2018, though by less than a percentage point, with revenue increasing 28% in 2021. Intel’s revenue declined 0.3%, garnering 12.2% market share compared to 12.3% market share for Samsung. Within the top 10, AMD and Mediatek experienced the strongest growth in 2021 at 68.6% and 60.2% growth, respectively. The most significant shift among the semiconductor vendor ranking in 2021 was HiSilicon dropping out of the top 25. “HiSilicon’s revenue declined 81%, from $8.2 billion in 2020 to $1.5 billion in 2021. This was a direct result of the U.S. sanctions against the company and its parent company Huawei.
This also impacted China’s share of the semiconductor market as it declined from 6.7% market share in 2020 to 6.5% in 2021. South Korea had the largest increase in market share in 2021 as strong growth in the memory market propelled South Korea to garner 19.3% of the global semiconductor market. Automotive and Wireless Communications Segments Experienced Strong Demand in 2021. The year 2021 saw stronger demand return to the automotive and industrial markets compared to the weak, COVID-disrupted market in 2020. The automotive semiconductor market outperformed all other end markets, growing 34.9% in 2021. Wireless communications, which is dominated by smartphones, saw growth of 24.6%. The number of 5G handsets produced reached 556 million in 2021, up from 251 million units in 2020, and enterprises upgraded their Wi-Fi in
Technology video | 292 views
The 2023 Gartner Survey gathered data from 2,203 CIO respondents, including 91 from the insurance industry, in 81 countries and all major industries, representing approximately $15 trillion in revenue/public-sector budgets and $322 billion in IT spending.
“Improving the customer experience ranked higher in the survey this year than more strategic focuses, such as growing revenue or new products/services development to support transformation. The economic stressors of the coming year are making companies refocus and shift directions to fill gaps which have existed for many years,” said experts.
“Insurers need more customer data, including more behavioural and preferential data, to effectively execute digital business strategies aimed at cross-sell/upsell, panoptic personalization, dynamic customer engagement and revenue growth through new products/service.”
IT investments must support the three industry priorities: response to economic pressures, the talent dilemma and supply chain challenges. Industry conditions are driving insurance CIOs to shift their investments to match these business needs.
Tech Investment Priorities Are Shifting. With operational efficiency on top of mind, especially as insurers face a possible economic downturn and the need to drive more value to stakeholders, the implementation of process change and technologies is key. The survey found that over half of CIOs are increasing technology investments in 2023, with the most common areas being application modernization, cybersecurity/information security and BI/analytics.
New demands, such as driving new CX or the inability to do straight-through processing due to back-office system limitations, are driving rejuvenated focus on application modernization, especially around core systems. New digital demands are also emphasizing the need to make foundational enhancements, such as improved security, which insurers have failed to properly invest in.
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