News
Key Trends Shaping The Workforce Of The Future – Kevin S. Parikh Featured in Forbes
There has been a rapid shift toward remote work, innovation and automation, enabled by the ubiquity of technology and the digital economy. What will the future look like, and what does it mean for the workforce and youth of today?
Press Release
COVID ACCELERATES DIGITAL DISRUPTION AND INNOVATIVE BUSINESS MODELS IN THE INSURANCE SECTOR
Changing risk landscapes and worsening loss ratios are shifting the role of insurance companies from risk mitigation to risk prevention. Additionally, the pandemic has put new pressures on business models. Newer risks, evolving customer expectations, and increased competition combined with business continuity challenges have made digital transformation a top priority for insurance carriers. Insurance companies are significantly investing in building digital capabilities to optimize core operations, create nontraditional products, and enhance and personalize the customer experience. These trends are covered in Avasant’s new Insurance Digital Services 2021-2022 RadarView™ report.
Foundation
Avasant Foundation Graduates First Cohort of Candidates to Benefit from the Digital Skills Training Program in Guyana
Avasant Foundation has concluded its first training cohort of 60 candidates benefitting from the Digital Skills Training Program in Guyana. The program designed by the Avasant Foundation, concentrates on the development of transversal, entrepreneurial and technology skills required for the future of work. It equips youth aged 18-26 with the relevant skills to succeed in the digital economy. Modules of training were presented on the topics of professional skills, communications, leadership skills and social behavior, Office 365, Project Management, UX Design, Mobile Application, Web Design and Development, Master Data Management, Entrepreneurship and more. The Digital Skills Training Program was made possible in Guyana in partnership with The University of Guyana and supported with funding from the Inter-American Development Bank Lab.
News
13 Big Changes 5G Will Bring To Businesses And Consumers In 2021 – Kevin S. Parikh Featured in Forbes
From wireless service commercials to news stories, the arrival of 5G has been trumpeted far and wide. But while everyone may know that access to 5G is spreading rapidly across the globe, those outside the tech industry may not know why it’s such a big deal.
News
Avasant Featured in CIO Insight: Corporate Cybersecurity Defenses Outgunned by Cybercriminals
The stats are well known about the increasing volume of cyber attacks and the growing number of vulnerabilities. In the face of such an onslaught, you would expect organizations to be upping their game. But the opposite appears to be the case, according to research by Computer Economics, a division of Avasant Research.
Press Release
TRANSFORMING THE CUSTOMER EXPERIENCE DURING COVID-19 AND BEYOND
The pandemic resulted in changing consumer behaviors with a significant uptick in the use of digital services. As new digital channels emerge, multiple technologies and trends are reshaping the customer experience (CX). The increased emphasis on data, personalization, and multichannel communication requires that enterprises focus on trust, empathy, and replicating the offline experience.
Press Release
REDESIGNING BUSINESS PROCESSES WITH AI AND AUTOMATION
The number of intelligent automation engagements has increased by 75% in the last 12 months, with industry-specific process automation accounting for 70% growth in the share of new automation implementations. Growth in AI-enabled hyperautomation has increased use cases for prediction, recommendation, analytics, and reporting. Other areas in order of enterprise priority were workflow integration and automation, intelligent data capture, iBPM, and process discovery. As automation tasks become more sophisticated, we would expect continued growth in this area.
Press Release
SERVICE PROVIDERS HELPING MORE FIRMS CASH IN ON DIGITAL FINANCE TRANSFORMATION
COVID-19 has revealed that many enterprises need to shift from in-house finance and accounting (F&A) process management to outsourcing it to F&A service providers. Technology is less and less being treated in a siloed manner, and instead it has now become an integral part of operations. As a result, F&A service providers are leveraging their existing technological capabilities and addressing enterprises’ demands, minimizing the siloes between technology and process management. Additionally, enterprises are striving for coverage of related functions, such as supply chain management, procurement, and order management, leading to a surge in multi-tower deals. To cater to diverse and emerging business needs, service providers’ offerings are playing a pivotal role in the business process transformation space.
Press Release
Avasant Named One of Top Five Analyst Firms of the Year
The Institute of Industry Analyst Relations (IIAR) has bestowed this highly coveted award on Los Angeles-based Avasant, along with analyst firms IDC, Gartner, Forrester, and 451 Research. Avasant came in fourth place.
Press Release
HYBRID CLOUD: CENTERPIECE TO IT MODERNIZATION
Cloud has progressed from the simple migration of infrastructure and applications to a tool which improves application performance and achieves cost optimization. Hybrid cloud, in particular, is an enabler of business transformation. Hybrid cloud allows enterprises, especially in highly regulated industries, to satisfy on-premises requirements and leverage hyperscaler services from their own data centers. These emerging trends are covered in Avasant’s Hybrid Enterprise Cloud Services 2020 RadarView™ report. The report is a comprehensive study of industry-wide adoption of hybrid cloud services, including the current landscape, impact of COVID-19, enterprise recommendations, and a close look at the leaders, innovators, disruptors, and challengers in this market.
Press Release
BLOCKCHAIN STARTING TO SHOW BUSINESS VALUE
Over the past 12 months, blockchain has moved beyond the hype as companies have realized business value from select use cases. Even though overall blockchain adoption has slowed down, the number of production-grade implementations has doubled, showing that blockchain is gaining a new level of maturity. These emerging trends are covered in Avasant’s Blockchain Services 2020 RadarView™ report. The report is a comprehensive study of blockchain services, including top trends, analysis, recommendations, and a close look at the leaders, innovators, disruptors, and challengers in this market.
News
Avasant Featured in CIO Insight: Public Cloud Thrives During the Pandemic
Several analyst firms have recently released numbers and reports showing how well public cloud services have done during the pandemic. Enterprise Strategy Group reports that 84% of enterprises say they are already using more public cloud resources, or plan to use more of them in the near future as part of pandemic-inspired cost containment strategies. This finding is supported in Avasant’s Cloud Platforms 2020 RadarView report.
Press Release
STATE & LOCAL GOVERNMENT DIGITAL SERVICES 2020-2021 RADARVIEW™
In 2020, the global pandemic has exposed many governmental organizations in their limited availability of digital communication channels. In fact, prior to March 2020, 43% of UN member states did not have any organized digital media strategy. Many home-bound citizens relied on governments to provide them with relevant information and to deal with pressing issues around healthcare, unemployment, and economic stability. In the face of that, many governments started using a plethora of tools such as online portals, apps, social media platforms, and chatbots to reach out to residents. To support such initiatives, it is crucial that government agencies invest in modernizing their IT infrastructure for migrating workloads, automating processes, and making decisions based on data. These trends are covered in Avasant’s new State & Local Government Digital Services 2020-2021 RadarView™ report.
Press Release
HUMAN CAPITAL MANAGEMENT SUITES 2020 RADARVIEW™
The CRM market is changing. Today most CRM suite vendors are offering modular sales, customer service, and marketing functions, enabling organizations to pick solutions that are best tailored to meet their needs. They are also expanding their offerings with plug-and-play apps, which enables enterprises to customize and extend the functionality of CRM suites. Finally, an array of ready-to-use connectors is enabling easy integration. These factors have boosted adoption of CRM suites, which saw a 13% growth rate in 2020. These and other trends are explored in our new Customer Relationship Management Suites 2020 RadarView™ report.
News
16 Essential Things To Consider When Hiring An Outsourced Tech Partner – Kevin S. Parikh Featured in Forbes
While the tech industry tends to be more resilient in the face of recession than others, no industry is wholly immune from economic downturns
Press Release
Avasant is Proud to Sponsor Innovate@UCLA Distinguished Executive Leadership Awards
During the event, the four awardees will discuss their personal journeys to leadership positions, their viewpoints on emerging technology disruptions, and tackling the challenges faced by their organizations during the pandemic.
Press Release
HUMAN CAPITAL MANAGEMENT SUITES 2020 RADARVIEW™
COVID-19 has prompted enterprises to accelerate adoption of Human Capital Management (HCM)suites, upping the deployment rate. The pandemic has forced enterprises to seek low-and no-touch solutions for HR operations. Consequently, organizations are accelerating their digitization and automation of manual HR processes.
Press Release
ENTERPRISE SECURITY ORCHESTRATION PLATFORMS 2020 RADARVIEW™
The SOAR value proposition has become more evident during the COVID-19 pandemic, because organizations require multi-functional capabilities to secure themselves against new threats. These tools help solve security challenges resulting from a distributed workforce, more BYOD devices, and cloud solutions.
News
16 Steps Every Tech Professional Can Take To ‘Recession-Proof’ Their Career – Kevin S. Parikh Featured in Forbes
While the tech industry tends to be more resilient in the face of recession than others, no industry is wholly immune from economic downturns
News
Accelerating To Borderless Workplaces – Kevin S. Parikh Featured in Forbes
Our journey to a boundaryless, borderless global community has been underway for many decades, enabled by globalization and fueled through the information and digital ages
