60% of Employees Experience Frustration with New Software, reveals Gartner
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
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Worldwide Semiconductor Revenue Grew 26% in 2021, says Gartner
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 inBy VARINDIA | 36 views
Insurers’ Focus Will Shift in 2023: Gartner
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.
By VARINDIA | 44 views
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GF GROUP CHEATS NRI SOFTWARE EMPLOYEES INVESTERS NAME OF REAL ESTATE VENCHRES HYDERABAD
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AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI ProcessingBy VARINDIA | 489 views
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationBy VARINDIA | 205 views
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
0:00 Intro
3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
3:36 Government plans to introduce regulatory sandbox for OTT apps
4:05 #Microsoft pulling the plug on its metaverse project
4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Increasing online FraudsBy VARINDIA | 192 views
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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
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Robotic Process Automation is transforming businesses across the world
Robotic Process Automation enables users to create software robots, or #Bots, that can observe, mimic & execute repetitive, time consuming #Digital #business processes by studying human actions.
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Robotic Process Automation is transforming businesses across the worldBy CII | 208125 views
CII Celebrates India@75 - India's IT Journey@75
#DYK India is the largest #Software exporter in the world? As India completes #75yearsofIndependence, let's look at the country's IT journey over the last 75yrs.
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CII Celebrates India@75 - India's IT Journey@75By CII | 227006 views
IRCTC 11
CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
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NTPC Empowering through Self Employment Opportunities (Updated Version, 11.10.2019)
NTPC is the largest power generating company of India that also works towards enhancing and bringing qualitative changes in the communities around its projects. One of the key focus areas by which NTPC is bringing change in nearby communities is empowering women by providing them training in various areas for self employment .
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Gurugram Fireball Factory Blast Update: ब्लास्ट का CCTV आया सामने, आगजनी में 4 लोगों की हुई थी मौत
Gurugram Fireball Factory Blast Update: फैक्ट्री में ब्लास्ट का CCTV आया सामने, धमाके के बाद आगजनी में 4 लोगों की हुई थी मौत
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Bhupinder Singh Hodda ने BJP सरकार पर जमकर बोला हमला, कहा- वादाखिलाफी से जनता परेशान
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