rssitbuyer IDC RSS alerts Digital First–World Impact on Procurement Digital Transformation Use Cases in 2022 <P>This IDC Tech Buyer Presentation examines and updates the impact of the digital-first world on digital transformation (DX) for procurement use case priorities. The use cases associated with the three phases of implementation of DX for procurement — immediate, midterm horizon, and long-term horizon — have shifted as a result of the digital-first world economy emergence. This document analyzes the three horizons and should be used to supplement <I>IDC</I><I>'</I><I>s</I> <I>Worldwide Digital Transformation Use Case Taxonomy, 202</I><I>2</I><I>: Procurement</I> (IDC #<B><A href="/getdoc.jsp?containerId=US49675922">US49675922</A></B>, forthcoming).</P> Tech Buyer Presentation Fri, 23 Sep 2022 04:00:00 GMT Patrick Reymann, Mickey North Rizza, Simon Ellis, Alison Close Embedded Insurance Blurring Industry Lines: Views on Opportunities and Challenges <P>This IDC Perspective is meant to instill interest as well as to provide some precautionary warnings to the insurance tech buyers audience towards the emerging opportunity of embedded insurance. Getting insurance coverage is, in many ways, an inherently contextual experience. Plans to obtain insurance can easily slip from consumers’ minds if offers are not present in the purchasing experience. In addition, distribution partnerships are a cost-effective way of increasing sales and revenue on both sides of the table. Despite the clear benefits, partnerships are on the rise but are far from ubiquitous as partners face difficult obstacles to overcome, almost all of them are centered around the insurer’s difficulty to swiftly integrate its digital channels seamlessly. On the other side, insurers should embrace the opportunity whilst still acknowledging its underlying threats and, hence, by developing their unique, product or partnership specific, embedded strategy, with the purpose of mitigating, where possible, the risk of their insurance offerings being commoditized. </P><P>"Embedded insurance is the biggest growth opportunity for insurance in the next decade, and it will have a bigger impact on distribution than aggregators in terms of market share. Embedded insurance considers all the existing use cases of non-traditional insurance distribution on top of new digitally enabled models. Embedded insurance has opened access to new addressable market segments, and the size of this opportunity means embedded insurance is giving birth to a new, vibrant ecosystem of insurance providers, embedded insurance enablers, and distribution partners. Embedded insurance is the opportunity for the industry to reframe its digital purpose individually and collectively, bringing benefits not only to insurers, but also other organizations and customers with more relevant and affordable insurance," said Davide Palanza, research manager, IDC Financial Insights.</P> IDC Perspective Fri, 23 Sep 2022 04:00:00 GMT Davide Palanza IDC MarketScape: Canadian AI Services 2022 Vendor Assessment <P>This IDC study represents a vendor assessment of the Canadian artificial intelligence (AI) services market through the IDC MarketScape model. This assessment discusses both quantitative and qualitative characteristics that explain success in the AI services market. This IDC MarketScape covers a variety of vendors participating in the Canadian AI services space. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and to one another and highlights the factors expected to be the most influential for success in the market in both the short term and the long term.</P><P>"The lack of data maturity among Canadian organizations, even extending to the enterprise market, and early stage of AI deployment in Canada create a situation where AI services vendors must provide essential data, analytics, and AI foundation capabilities and services while preparing for the AI at scale future. With Canadian organizations' historic and continuing focus on operating efficiency spending versus strategic technology or capital investment, customers need partners that can help them create plans to examine the data generated by their systems; map their data to their processes and workflows; determine what they need to do to manage the availability, usability, integrity, and security of their data; and examine your processes and workflows for analytics and AI opportunities," says Warren Shiau, research vice president, AI and Analytics at IDC Canada.</P> IDC MarketScape Fri, 23 Sep 2022 04:00:00 GMT Warren Shiau IDC MarketScape: Worldwide eDiscovery Early Case Assessment Software 2022 Vendor Assessment <P>This IDC study represents a vendor assessment of providers offering ediscovery early case assessment software through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for offering ediscovery early case assessment. The evaluation is based on a comprehensive and rigorous framework that assesses how each vendor stacks up, and the framework highlights the key factors that are expected to be the most significant for achieving success in the ediscovery early case assessment market over the short term and long term.</P><P>"When evaluating technology to optimize your early case assessment workflows, it is important to consider the types of data that you will be collecting and the makeup of your legal operations department. Within the market, there are a variety of players that can suit an organization's needs. Not every organization needs deep analytics and AI to cull its data." — Ryan O'Leary, research director, Privacy and Legal Technology at IDC</P> IDC MarketScape Fri, 23 Sep 2022 04:00:00 GMT Ryan O’Leary IDC PeerScape: Practices to Operationalize Repair, Reuse, Recycle <P>This IDC PeerScape examines several successful practices in the areas of repair, reuse, and recycle that retailers or brands have undertaken in their efforts to operate more sustainably.</P><P>"Operating 'eaches' businesses at scale, as we know from ecommerce, is expensive and difficult," says Jordan K. Speer, research director, IDC Retail Insights. "Operating a reverse 'eaches' business at scale — another way to think about recommerce — introduces a wide range of unpredictable and uncontrollable factors that act as a force multiplier on the complexity and challenge of retail supply chains."</P> IDC PeerScape Fri, 23 Sep 2022 04:00:00 GMT Jordan K. Speer IDC PlanScape: Future of Trust — Implementing Automated Compliance Management for Better Efficacy and Efficiency <P>This IDC study discusses automating compliance management for better efficacy and efficiency. Compliance management has become incredibly complex with the breakneck pace of regulatory change coupled with differing requirements by business unit, product, and region. Manual compliance management efforts cannot keep pace with global regulatory change resulting in oversights that can be costly to an organization both in legal fees as well as reputational damage. This report will examine compliance automation tools, their improvement to compliance efficacy and efficiency, and their importance in maintaining trust.</P><P>"Regardless of whether compliance automation is being implemented as part of a larger GRC initiative or specifically for compliance management, an organization needs to be prescriptive in evaluating vendors," says Amy Cravens, research manager, IDC Governance, Risk, and Compliance Solutions. "There is a broad breadth of players with varying capabilities in this market and organizations should develop a clear set of priorities. Determine what is important to your organization and evaluate vendors based on those criteria."</P> IDC PlanScape Fri, 23 Sep 2022 04:00:00 GMT Amy Cravens Quantum Computing Adoption Trends in Financial Services: End-User Insights into Quantum Computing Usage <P>This IDC Tech Buyer Presentation was originally delivered at the HPC + AI Wall Street Conference in September 2022. The presentation provides insights into quantum computing adoption trends of financial service respondents surveyed by IDC. Findings cover investment priorities, financial service use cases, and end-user concerns regarding quantum adoption.</P> Tech Buyer Presentation Fri, 23 Sep 2022 04:00:00 GMT Heather West, PhD The Top 5 Things to Know About Advertising in the Metaverse <P>This IDC Perspective explores how advertising might look like in Meta Platforms' proposed metaverse, what its commercial volume could be, what gating factors might affect consumer adoption, and how advertisers could go about gathering experience with advertising in VR worlds.</P><P>"The metaverse does not exist yet, but its potential for advertising could be tremendous if players address the hurdles currently hampering VR adoption," said Karsten Weide, VP, Media and Entertainment at IDC.</P> IDC Perspective Fri, 23 Sep 2022 04:00:00 GMT Karsten Weide ByteDance’s Pico Interactive from China Launches the PICO 4 Globally <P>The Pico 4 standalone VR headset goes up against the nearly uncontested Meta Quest 2, featuring a number of hardware advantages like its smaller size, higher resolution screen, and color passthrough mode. Pico’s content library is coming from behind, but it is not launching in the US where Meta is dominant anyway, and it has a valuable exclusive with Ubisoft’s <I>Just Dance</I> that will help it next year, along with ByteDance assets like TikTok.</P> IDC Blink Thu, 22 Sep 2022 04:00:00 GMT Bryan Ma Dell Technologies Expands Partnership with Red Hat to Improve Containerization Capabilities for Multicloud Environments <P>Dell's recently announced container-focused offerings represent a critical step in evolving its APEX portfolio to offer an all-inclusive multicloud ecosystem for customers. Working with Red Hat on these next steps is a significant strategic move that also marks a point of expansion in the Dedicated Cloud Infrastructure (DCI) and Dedicated Cloud Infrastructure as a Service (DCIaaS) markets.</P> IDC Link Thu, 22 Sep 2022 04:00:00 GMT Max Pepper, Chris Kanaracus