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Torc Brings a Targeted, Cloud-Native Approach to Tech Talent Acquisition
Torc is a software development talent marketplace that leverages an AI-driven engine to match developers and companies worldwide. It’s a Tech Innovator to watch, the first in a new Avasant series on Tech Innovators.
March, 2023
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New Technologies for Grab-And-Go Shopping
Autonomous, grab-and-go shopping is on the rise worldwide, with retailers searching for solutions to speed up store visits, increase customer satisfaction, boost sales, optimize store layouts, and deal with labor shortages.
May, 2023
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Accelerating Blockchain Adoption in Latin America and the Caribbean
Although Latin America and Caribbean (LAC) show great potential to embrace blockchain and reap its benefits, there are challenges to be overcome for blockchain to become drive economic growth and prosperity throughout the region. To overcome these constraints, the Inter-American Development Bank Group (IDB Lab) in 2019 launched the LACChain global alliance to accelerate the development of blockchain in the LAC region. This report provides an overview of 10 LACChain projects that demonstrate the potential of blockchain to transform the region. We also outline further steps needed for these projects and others like them to achieve full success.
July, 2023
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Heads Up: Addressing the Specific Device Management Needs of XR Headsets
Many Fortune 500 companies increasingly rely on AR, VR, and XR (augmented, virtual, and extended reality) devices to train employees, collaborate, perform maintenance, visualize data, run product demos, and more. But traditional mobile device management (MDM) or unified endpoint management (UEM) platforms are not necessarily good for managing AR/VR/XR devices. These headsets have specific management and security needs, and once an enterprise scales its AR/VR/XR program, it needs a platform tailored specifically to these types of devices. Innovative companies like ArborXR have stepped up to fill this need.
July, 2023
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Intelligent Process Mining Platforms 2022–2023 RadarView™
The Intelligent Process Mining Platforms 2022–2023 RadarView™ assists organizations in identifying strategic partners for process mining by featuring detailed capability and experience analyses of leading platform providers. It provides a 360-degree view of key process mining platform providers utilizing three parameters: product maturity, enterprise adaptability, and future readiness. The 54-page report also highlights top market trends in the process mining space and Avasant’s viewpoint.
November, 2022
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Intelligent Process Mining: Delivering Complex Business Intelligence and Process Transparency
An increase in enterprise demand for hyperautomation has boosted the demand for process mining tools. With advancements in technology such as RPA, low-code/no-code, and artificial intelligence, the role of process mining has elevated from process standardization or automation to digital transformation. Platform features such as data integration with IoT devices and digital twin development enhance process understanding and data visualization. To tap market opportunities, software-as-service (SaaS) providers are embedding process mining in business applications by developing in-house capabilities and acquiring or partnering with vendors in the space. These emerging trends are covered in Avasant’s Intelligent Process Mining Platforms 2022–2023 RadarView™.
November, 2022
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Low-Code, No Code, No Devs?
The process of developing and maintaining enterprise applications is changing. Agile methodologies and DevOps are contributing factors to the decline in application developer staffing ratios. Low-code/no-code, rapid application development approaches that aim to reduce coding and application development times further reduce the need for developers. Developers still make up the largest portion of most IT organizations, and they are quite expensive. Therefore, IT leaders should assess their developer needs in order to optimize their personnel budgets. This research byte summarizes our full report, Application Developer Staffing Ratios.
November, 2022
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Intelligent Document Processing Platforms 2022 RadarView™
The Intelligent Document Processing Platforms 2022 RadarView™ assists organizations in identifying strategic partners for IDP by featuring detailed capability and experience analyses of leading platform providers. It provides a 360-degree view of key IDP platform providers across product maturity, enterprise adaptability, and future readiness, thus supporting enterprises in identifying the right IDP platform partner. The 58-page report also highlights top market trends in the IDP space and Avasant’s viewpoint.
September, 2022
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Intelligent Document Processing: Transforming Data into Business Insights
The IDP industry is moving towards more complex types of data extraction across multiple industries. Enterprises are focusing on increased levels of straight-through processing, which has led to platform providers investing in advanced technologies such as artificial intelligence, machine learning, and natural language processing to reduce exceptions while extracting complicated objects such as logos, watermarks, and tables. These trends, and others, are covered in our Intelligent Document Processing Platforms 2022 RadarView™.
September, 2022
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Cross-Border Commerce, Digital Currencies, and the Future of Money
Traditional payment systems are proving to be too slow to accommodate increasing levels of e-commerce and cross-border transactions. And demands for faster payment processing will only increase as commerce enters the omniverse. This Research Byte outlines the factors driving the need for speed in financial transactions. We examine the benefits and drawbacks of one kind of digital currency—cryptocurrencies—and what the future of money could look like. We conclude with recommendations for enterprises to understand and prepare for the future of money.
August, 2022
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NFTs: More Than Just Digital Art
Non-fungible tokens (NFTs) have been a hot topic as art, fashion, video games, and social influencers have embraced the technology to sell one-of-a-kind digital objects. But enterprises, outside of a few specific industries, have largely neglected NFTs. Nevertheless, many companies should consider their benefits. This Research Byte explores this emerging technology.
April, 2022
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Beyond Metaverse—Why You Need an Omniverse Strategy
The digital age has triggered a rapid convergence of the human experience across physical, virtual, and augmented realities. These realities now exist in what is referred to as the metaverse. What is not commonly appreciated, however, is that there are multiple metaverses or “verses” that represent communities where people meet friends, work, play games, shop, and watch movies. It is a huge mistake for business leaders to think about these verses as one thing. Rather they are collectively the “omniverse,” the assemblage of what will become many verses owned by companies, governments, institutions, and other organized bodies. This report defines the aspects of a “verse” and provides a list of essential digital prerequisites necessary for businesses to prepare for their organizations to service their clients and conduct business in the omniverse.
April, 2022
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Four Technology Trends for 2022—Putting People Back in the Picture
IT organizations everywhere have been tasked with leading the digital transformation. But that transformation seems pretty bleak—artificial intelligence (AI), machine learning, robotic process automation, and blockchain. Where are the people in your digital transformation? When you look back on what you accomplished in 2022, will you be able to say you made things better for your customers? How about your users?
February, 2022
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Virtual and Augmented Reality Show Great Promise Despite Slow Mainstream Adoption
Virtual reality (VR) and augmented reality (AR) are emerging technologies that will change the nature of work in many industries. By allowing workers to map out solutions before implementing them in the real world, they minimize human errors and increase worker efficiency. They also support a hybrid work environment, as more use cases emerge for training and collaboration. This Research Byte summarizes our full report, Virtual and Augmented Reality Adoption Trends and Customer Experience.
February, 2022
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The Quantum Revolution in India: Betting Big on Quantum Supremacy
In the last decade, quantum technologies have transitioned from science fiction to real-world enterprise trials. Quantum computing has evolved, providing real-time analytics, faster decision-making, better forecasting, quicker prototyping, and new products creation. India aims to address issues concerning national priorities using quantum technologies. The government has planned an over USD 1B outlay to build a quantum-enabled infrastructure. The infrastructure will focus on converting theoretical aspects of quantum into commercial prospects.
February, 2022
Emerging Technologies
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