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Global Market Predictions For 2015| Growth And Innovation Report By IDC

December 29th, 2014 | Posted by Apex Time Solutions in Time and Attendance On-Demand | Time and Attendance Solution | Workforce Analytics | Workforce Management Solutions - (Comments Off on Global Market Predictions For 2015| Growth And Innovation Report By IDC)

Well respected industry behemoth International Data Corporation (IDC) released its annual prediction report that covers all things technology including; analytics, mobile computing, Internet of Things, cloud computing and, social networking. It’s a report that will be encouraging to many businesses after years of a slow economy that took shape after the 2008 downturn.

In no particular order, here are some of the highlights of this report, including areas that will experience growth:

  1. Big data and analytics will see important developments in 2015 as worldwide spending on big data-related software, hardware, and services grows to $125 billion. Rich media analytics (video, audio, and image) will emerge as an important driver of big data projects. And big data supply chains (i.e. Data as a Service) will grow in importance as cloud platform and analytics vendors offer clients value-added information from commercial and open data sets.
  2. China will experience skyrocketing influence on the global Accelerating Innovation (ICT) market in 2015 with spending that will account for 43% of all industry growth, one third of all smartphone purchases, and about one third of all online shoppers.
  3. Cloud services will remain a hotbed of activity in 2015 with $118 billion in spending on the greater cloud ecosystem. Adoption of cloud Infrastructure as a Service (IaaS) will grow briskly (36%) as market leader Amazon comes under attack from all directions as challengers attempt the “Amazoning of Amazon”.
  4. Worldwide Accelerating Innovation (ICT) spending will grow 3.8% in 2015 to more than $3.8 trillion.
  5. Telecommunications services will see wireless data emerge as the largest ($536 billion) and fastest growing (13%) segment of telecom spending. To avoid being marginalized as little more than infrastructure providers, carriers will scramble to develop platform- and API-based services that add value and attract developers to their networks. They will also seek rapprochement with over-the-top (OTT) cloud services providers through innovative performance and revenue-sharing arrangements.

The report is made up of a top ten list of predictions for 2015. You can read the list of predictions in its entirety by going to the IDC website.

To learn more about ATS, you can view a demonstration of our best-of-breed cloud-based time and attendance on our website.

Global Market Predictions For 2015, Growth And Innovation Report By IDC

Big data, workforce analytics and data intelligence are part of today’s conversation when it comes to time and attendance, payroll, HR and ERP. Organizations, both small and large need tools to run efficiently and a big factor in making that a reality is the company’s ability to gather relevant employee data. Business executives want to know if they are profitable and need access to up-to-the-minute workforce management data.

Webopedia  defines “Big Data in these terms:
“Big data is a buzzword, or catch-phrase, used to describe a massive volume of both structured and unstructured data that is so large that it’s difficult to process using traditional database and software techniques. In most enterprise scenarios the data is too big or it moves too fast or it exceeds current processing capacity.

While the term may seem to reference the volume of data, that isn’t always the case. The term big data, especially when used by vendors, may refer to the technology (which includes tools and processes) that an organization requires to handle the large amounts of data and storage facilities.

The term big data is believed to have originated with Web search companies who had to query very large distributed aggregations of loosely-structured data.”

Benefits of Time and Attendance and Big Data:

Best-Of-Breed Workforce Analytics-Sophisticated built-in workforce intelligence thus, enabling operational managers and employees alike to access real-time reporting data. With ready-to-access data at their fingertips, organizations can make factual decisions, and at the same time, increase productivity while streamlining payroll costs.

Payroll and Labour Costs Intelligence- Real-time visibility into workforce attendance so, that issues can be addressed on the spot. Labour cost intelligence provides alerts as a barometer against events as they occur so they can be addressed right away.

Workforce Management-ATS TimeWork provides visibility into business process management. The application is preconfigured with industry specific key performance indicators (KPIs) for your core time and attendance processes.

Big Data represents a large and growing opportunity for growing enterprises to improve their data capture and improve their workforce management capabilities.

ATS time and attendance Big Data Workforce Analytics are purpose built and industry specific. The application manages everything from employee time capture, job costing and data integration all designed to enhance performance metrics on a single platform.

To gain access to a demo on our workforce management analytics go to our website.