Connect with us

Technology

Modern Product Development Leveraging Exponential Technologies to Drive Industry Leadership, Says Info-Tech Research Group

Published

2 months ago

on

Info-Tech Research Group’s latest blueprint offers actionable strategies for organizations to innovate and stay competitive in a rapidly evolving digital landscape. By embracing advanced technologies and innovative IT practices, organizations can transform their product development approaches and drive sustainable growth in the era of Exponential IT.

TORONTO, July 18, 2024 /CNW/ – As organizations strive to stay ahead in the digital age, they face significant challenges in adopting advanced technologies such as artificial intelligence and machine learning. With rapidly evolving market dynamics, increased competition, and the need for continuous innovation, organizations must strategically transform their IT product practices. To address these challenges, Info-Tech Research Group has published its latest blueprint, Build Your Exponential IT Product Practice. This research provides a structured framework and actionable insights, equipping product teams with the tools necessary to navigate the complexities of modern and exponential technologies and remain competitive in a fast-paced market environment.

“Exponential IT has changed the way leaders discuss how their organizations should operate, the value they want to deliver, and the roles technologies play,” says Andrew Kum-Seun, research director at Info-Tech Research Group. “Product leaders must now become organizational leaders who unlock the many business opportunities exponential technologies bring and manage the risks and costs that come with them. However, many product leaders are ill-equipped and too inexperienced to meet this expectation and gain value from the rapid and disruptive changes happening around them.”

Info-Tech’s research highlights a shift in product practices that embrace and support exponential technologies. This transition presents challenges and barriers for organizations, which often show little motivation or tolerance for changing existing IT operating models and working methods. Additionally, investments in legacy technologies hinder organizations from realizing the full benefits of Exponential IT. According to Info-Tech’s Annual CIO Survey Report 2024, 88% of CIOs have at least begun exploring the possibilities of AI this year, underscoring the importance of leveraging exponential technologies for competitive product development in the coming years.

“Exponential IT requires product leaders to build and optimize their product practices and portfolios with the expectation that change is constant and disruptive,” adds Kum-Seun. “They must adopt technology-agnostic delivery and management capabilities adaptable to evolving stakeholder desires and needs. This transformation journey begins with understanding the business problem your teams must solve, embracing user-centric and AI-first principles, and scaling solutions delivery and management foundations using Exponential IT capabilities.”

The firm’s blueprint further emphasizes the importance of setting realistic, achievable goals to drive business value and align with key business priorities. The research details the necessity for product leaders to keep their products and practices relevant while capitalizing on opportunities and minimizing threats posed by emerging technologies.

In its latest research, Info-Tech outlines three critical factors for organizational leaders looking to innovate with exponential technologies:

Deliver Autonomously: AI and ML should become the standard, not the exception. IT should manage a portfolio delivered via embedded and ubiquitous AI/ML functionality, ensuring these technologies are seamlessly integrated into daily operations.Creators, not Coders: Organizations should deliver outcomes via natural language, embracing “platform as a product” and using natural language and low-code/no-code tools to enable AI/ML-driven capabilities and solutions. This approach allows for greater flexibility and innovation in product development.IT as Stakeholders, not Order Takers: Business relationship management (BRM) practices need to evolve to elevate IT’s position at the table, making IT a true business partner. IT should take accountability for the technology that drives business capabilities, ensuring alignment with organizational goals and strategic priorities.

Info-Tech’s comprehensive blueprint offers practical guidance for IT leaders to build and optimize their Exponential IT product practices. By addressing the inherent challenges and leveraging the transformative potential of advanced technologies, organizations can pave the way for innovation and sustained competitive advantage. Embracing Exponential IT principles enables product teams to deliver greater value, adapt to constant change, and drive business growth in a rapidly evolving market. This strategic approach will be key to staying ahead in the digital age and ensuring long-term success.

For exclusive and timely commentary from Andrew Kum-Seun, an expert in Agile development, DevOps, and lean development, and access to the complete Build Your Exponential IT Product Practice blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024

Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/modern-product-development-leveraging-exponential-technologies-to-drive-industry-leadership-says-info-tech-research-group-302201013.html

SOURCE Info-Tech Research Group

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Cash Industry Stakeholders to Gather in Chicago for the Secure Cash and Transport Association’s Annual Conference

Published

52 mins ago

on

September 25, 2024

By

The 2024 SCTA Conference, taking place in Chicago on October 9-11, will host cash industry professionals and feature a keynote address by 29-time Emmy Award winner and Hall of Fame keynote speaker, Bill Stainton.

PURCELLVILLE, Va., Sept. 25, 2024 /PRNewswire-PRWeb/ — The Secure Cash & Transport Association (SCTA), a nonprofit group representing professionals in ATM servicing, cash handling and processing, transportation, and safekeeping of cash and coin throughout North America, is set to welcome nearly 200 attendees to its annual conference in Chicago on October 9-11, 2024. The annual SCTA Conference supports the Secure Cash & Transport Association’s overarching mission to protect, strengthen, and unite the cash-in-transit and cash-servicing industries. This year’s event theme is “Adopting and Adapting to Technology: What’s Next?”

“I believe the next chapter for us all is to focus on building resilience, ensuring that our industry can keep pace with technological advancements and thrive amidst them.”

The conference brings professionals and thought leaders together to review critical trends and issues impacting the cash industry’s safety, security, and overall success. This year’s event features a keynote address by 29-time Emmy Award winner and Hall of Fame keynote speaker, Bill Stainton. Stainton’s address, “Connect the Dots: Innovation in the Cash Service Industry,” will debunk several myths about creativity and innovation and delve into what it means to be a game-changer in the cash industry.

The 2024 SCTA Conference will feature more than a dozen informative sessions delivered by leading experts in cash-in-transit, banking, retail, security, cybersecurity, insurance, and compliance. The full schedule for the event can be found at scta.securetransportassociation.org/agenda.

D. Mark Lowers, President of the Secure Cash and Transport Association, reflects on this year’s focus on innovation, “As leaders, we’ve had to navigate the rapid pace of technological change, integrating new systems and solutions to maintain business continuity and enhance safety and security. This adaptation has sharpened our skills and brought about greater efficiency. However, I believe the next chapter for us all is to focus on building resilience, ensuring that our industry can keep pace with technological advancements and thrive amidst them.”

Details about the event, registration information, and association membership details can be found on the event website at https://scta.securetransportassociation.org.

About the Secure Cash & Transport Association (SCTA)

The Secure Cash & Transport Association (SCTA) is a non-profit association established in 2013 to represent the shared interests of professionals in ATM servicing, cash handling/processing, transportation, and safekeeping of cash and coin throughout North America. Industry groups represented by the association include armored operators, insurance providers, truck builders, financial institutions, ATM cash providers, coin wrappers, security surveys and compliance providers, retailers, and loss adjusters.

Learn more at securetransportassociation.org.

Media Contact

Michael Gaul, Secure Cash & Transport Association, 1 (540) 338-7151, mgaul@securetransportassociation.org, https://www.securetransportassociation.org/

View original content to download multimedia:https://www.prweb.com/releases/cash-industry-stakeholders-to-gather-in-chicago-for-the-secure-cash-and-transport-associations-annual-conference-302258222.html

SOURCE Secure Cash & Transport Association

Continue Reading

Technology

PayPal Enables Business Accounts to Buy, Hold and Sell Cryptocurrency

Published

52 mins ago

on

September 25, 2024

By

Company also provides the ability for business accounts to externally transfer cryptocurrency

SAN JOSE, Calif., Sept. 25, 2024 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) announced it is enabling its U.S. merchants to buy, hold and sell cryptocurrency directly from their PayPal business account. At launch, this functionality for Business Accounts will not be available in New York State. Today’s announcement is PayPal’s latest step to increase cryptocurrency‘s utility by making increased functionality available to millions of merchants in the U.S. 

“Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency,” said Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal. “Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We’re excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly.”

Additionally, PayPal is enabling U.S. merchants to externally transfer cryptocurrency on chain to third-party eligible wallets. PayPal business account holders can now send and receive supported cryptocurrency tokens to and from external blockchain addresses.

PayPal has continuously made significant steps to increase cryptocurrency‘s utilization. In 2020, PayPal announced the availability of its customers to buy, hold and sell cryptocurrency directly from their PayPal and Venmo accounts. In 2023, PayPal announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). In April 2024, we enabled PYUSD as a funding instrument for our Xoom platform, allowing users to pay no transaction fees when using PYUSD to fund eligible transfers to friends and family abroad. Most recently, PYUSD was made available on the Solana blockchain, providing users with the choice of multiple blockchains allowing for increased flexibility and control.

About PYUSD

PayPal USD is issued by Paxos Trust Company, a fully chartered limited purpose trust company. Paxos and its products – including expansion to new blockchains – are licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

Issuance and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal’s Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. The company creates innovative experiences that make moving money, selling, and shopping simple, personalized, and secure. PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

Media Relations Contacts: 
Nicole Cutler
mediarelations@paypal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-enables-business-accounts-to-buy-hold-and-sell-cryptocurrency-302259069.html

SOURCE PayPal Holdings, Inc.

Continue Reading

Technology

KIWI design Unveils Made For Meta Products at Meta Connect 2024

Published

52 mins ago

on

September 25, 2024

By

MENLO PARK, Calif., Sept. 26, 2024 /PRNewswire/ — KIWI Design, a leading innovator in high-quality XR accessories, has successfully added two products to the “Made For Meta” program since 2023. In 2024, KIWI design was invited to participate in the Meta Connect event, where they presented three new “Made For Meta” products. These innovations come equipped with significant upgrades designed to enhance the immersive experience for XR enthusiasts. According to their official social media announcements, more products will be released in Q4.

With the introduction of the Made For Meta line, KIWI design continues to set the standard in the XR accessory market. Each product is designed with user feedback in mind, ensuring that every detail contributes to a more enjoyable and engaging XR experience.

“Our goal is to provide XR lovers with the most immersive experience.” stated Ray, CEO of KIWI design. “We are thrilled to introduce these new products, which embody our unwavering commitment to quality and innovation.”

Since its inception, KIWI design has built a reputation for crafting user-friendly and reliable XR accessories that are widely appreciated by consumers. This announcement features upgrades to their flagship products, promising a more comfortable and enjoyable experience for users.

As KIWI design moves forward, the company remains dedicated to its mission: “Pioneering Comfort and Immersion in Every XR Moment.” The unveiling of these new products at Meta Connect represents a significant step towards this goal, and the company is excited to continue innovating for the XR community.

For more information about KIWI design, please visit official website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.

https://www.kiwidesign.com/

https://www.facebook.com/KIWIdesignOfficial

https://www.instagram.com/kiwidesignins/

https://x.com/KIWIdesign_shop

https://www.youtube.com/channel/UCOzFWarIschBuBfNz01Oucw

https://www.tiktok.com/@kiwidesign_official

SOURCE KIWI design

Continue Reading

Trending