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Share to Twitter Share to Linkedin Founder and CEO of Artisan , an innovation consultancy supporting global leaders with technology strategy and solution services. It’s a common misconception that buying software is cheaper than building it. In reality, the true TCO (total cost of ownership) for a software solution—whether custom-built or out of the box—depends on many factors. While capital investment is an important consideration, it often ends up as a wash when considering all components of a build-versus-buy decision. Ultimately, business value (more than TCO) should drive technology investment decisions. Gartner predicts that enterprise software spending will exceed $570 billion worldwide this year. The percentage of that capital spent on custom versus pre-packaged solutions is largely irrelevant. What matters is whether the technology solutions requiring such significant investments are driving business value or hindering it. … [Read more...] about Build Versus Buy: Thinking Beyond Total Cost Of Ownership

Share to Twitter Share to Linkedin The Big Tech companies—such as Google, Meta, Microsoft, Apple and Amazon—are frequent subjects of headlining news stories, both for reasons they’re proud of and for occasional blunders. All this attention on these industry giants isn’t just valuable (or embarrassing) press attention for them—it’s also an ongoing, practical learning experience for smaller companies. Keeping on top of and learning from the high-profile “lessons” Big Tech provides on topics ranging from the user experience to data protection can be a boon for smaller tech companies navigating a highly competitive industry. Below, 14 members of Forbes Technology Council share both clear and less obvious lessons every tech company can learn from Big Tech. 1. Constantly Measure Customer Impact Most startups work in an ad hoc way, in which features are developed based on intuition. Conversely, big companies measure every decision based on its customer … [Read more...] about 14 Valuable Lessons Smaller Tech Companies Should Learn From Big Tech’s Example

Share to Twitter Share to Linkedin They are the most popular mobile apps in the world. The odds are that you have several of them on your phone that you most likely check on multiple occasions throughout the day. Social media apps are undoubtedly the most ubiquitous apps in smartphone history. Recent statistics show they are the most used and installed apps in the world. Facebook has a colossal 2.9 billion monthly average users. For Instagram, that figure is 2 billion, and TikTok — the fastest-growing social media platform — has no fewer than a billion MAUs. Even more impressive than the global number of people regularly using these platforms is how long each person spends on them. On average, internet users spend just shy of two and a half hours every day on social media, amounting to around 75 hours a month. With these figures in mind, it was perhaps inevitable that e-commerce would be incorporated into these platforms. After all, why limit users by only allowing … [Read more...] about TikTok, Facebook & Generation Alpha Will Shape The Future Of Social Shopping

Share to Twitter Share to Linkedin The Intellectual Property (IP) and patent landscape are incredibly complex. There are rules and regulations for different types of products, designs, and trade secrets differing by country and region. It takes years to develop unique products and bring solutions to market to consumers, with a tremendous amount of IP involved. This is why it’s crucial for everyone — especially for smaller companies — to have the resources in place to protect their property and in some cases even their livelihood. Intellectual property and patents are some of a company’s most important assets in today’s business climate. But these assets could be under threat from competitors, hackers, and other bad actors. For the tech giants that have an army of litigators and resources at their disposal, fighting patent infringement or IP infringement lawsuits is par for the course, but smaller companies often don’t have the luxury to go through a … [Read more...] about Amazon Turns To Technology To Help Small Business Deal With Intellectual Property Challenges

One of the reasons I'm so passionate about entrepreneurship is that it allows anyone to chart their own destiny. If you have a good idea and the willingness to pursue it, you're on your way to supporting yourself and adding value to our economy. Which is why, as my company gathered stories from LGBTQ+ entrepreneurs for Pride Month, I was happy to hear that the spirit of self-determination is alive and well. "Ever since I was a child, I've always wanted to be my own boss," says RJ Silver, owner of Sad Boy Designs. "The only thing that ever struck my interest was art, and I wanted to find the best way to display my talents. Today, I'm a graphic designer, and I create multiple things ranging from small keychains to large car decals." We need more, not less, of stories like this. That's one reason Hello Alice regularly surveys the more than 800,000 small business owners on our platform to understand their quantitative and qualitative experiences and advance targeted … [Read more...] about 4 Challenges–and Triumphs–of LGBTQ+ Entrepreneurs in 2022

Share to Twitter Share to Linkedin Dr. Yehuda Naveh is the co-founder and CTO of Classiq . Before Classiq, he focused on CAD technologies and quantum computing at IBM Research. The prospects and impact of quantum technologies have been much discussed in recent years. Whatever the outcome of this discussion, it should be on a strategic, not tactical, level. Predictions suggest quantum computing will have a profound impact on financial services, logistics, transportation, aerospace and automotive, materials science, energy, agriculture, pharmaceuticals and healthcare, and cybersecurity. All of these areas are strategic on macroeconomic and national security scales. Breakthroughs on these fronts are even more important at a time in which nations reduce cooperation with each other and are engaged in fierce competition and sometimes hostile conflicts. Significant investments by countries around the world (notably China) have led business and … [Read more...] about Quantum Is Strategic To Companies And Countries, Upside And Downside Alike

Share to Twitter Share to Linkedin Rohit Amarnath is CTO of Vertica , a unified analytics platform that enables predictive business insights based on a scalable architecture. Data is the new oil. It is one of the most valuable assets in any organization, spurring higher investments in analytics talent and technology in an attempt to extract the most value. But extracting value from data is easier said than done. Research shows that nearly 85% of data analytics projects will fail. While there can be a multitude of reasons for this, we simply cannot ignore the assumption that analytics developer tools are missing the mark. This is because developer tools are the biggest contributors to developer velocity, organizational agility and business success. Studies even suggest that happy developers are far more productive than those who are not. In a nutshell, analytics tools need to be built while keeping the developer mindset in mind. … [Read more...] about The Five Pillars Of Developer Experience In Data Analytics

The Summer Fancy Food Show in New York City returned in June for its first in-person event since 2019, a return that spotlighted the changes in tastes and behaviors created by the pandemic. The food and beverage industry trade show, organized by the Specialty Food Association , featured more than 1,900 exhibitors across a spectrum of food categories --from cured meats and cheeses to olive oil and sweets and exotic items such as gourmet bananas Foster bonbons ... and sections dedicated to cuisines of countries like Greece and Japan. With continued pandemic perturbations and murmurs of a recession ahead, here are some of the trends that emerged: 1. Convenience still conquers all Consumers prioritized both convenience and comfort during the pandemic, and that sentiment continues to grow. Hybrid and remote work has made e-commerce, delivery, and curated assortments an even bigger part of the convenience trend, according to the SFA's most recent State of the Specialty … [Read more...] about How the Pandemic Is Reshaping Food and Beverage Innovation

Share to Twitter Share to Linkedin Shoes and clothes affect our state of mind and mirrors our soul. Yet when it comes to finding the perfect sustainable fit, Soles4Souls adds an extra layer of soul-searching. Soles4Souls’ business model embraces “the notion of turning shoes and clothing into opportunity, literally transforming the lives of women in developing countries,” according to Nancy Youssef, Chief Business Development Officer, Soles4Souls. Something as simple as a pair of shoes can make a big difference Footwear and fashion’s growth-focused business model is not sustainable. The industry has yet to solve the trade-off that selling more shoes and clothes fundamentally requires more resources. It’s high time to understand that sustainability is not just an ‘add-on.’ Sustainability needs to be implemented into our end-to-end thinking to eventually embed it as a DNA string into corporate thinking and acting. With COVID-19 – the pandemic, as … [Read more...] about The Perfect Fit: Fashion And Footwear Take Big Steps Toward Sustainability

What matters more: a company’s profit margins or its purpose? For a growing share of workers, the answer is obvious. In a competitive labor market, candidates look for a fair and inviting workplace. But more than that, many employees want their work to make a difference. Their purposeful career choices leverage corporate resources to help create a better, more equitable world. advertisement advertisement The good news is, many companies have made the same decision. Environmental, social, and governance (ESG) principles have emerged as an urgent reflection of corporate purpose. Shareholders increasingly view business prospects as tied to corporate social responsibility. As a result, leading firms have made a full commitment to pursuing ESG factors. And new hires should expect nothing less from potential employers. To advance your career and realize your potential in a purpose-driven world, you can’t afford to ignore three ESG trends. Understand … [Read more...] about Why your career growth depends on working for a company committed to ESG