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Medtec Europe 2016

Intland Blog - Tue, 04/12/2016 - 11:00
12-14 April 2016, Messe Stuttgart, Germany Intland Software’s booth number: 3A55 As a staple event for those involved in the medical device industry, Medtec Europe is entering its 14th year in 2016. Medtec Europe offers a unique opportunity to meet and exchange
Categories: Vendor

Progress Releases Results of 2016 .NET Developer Survey

Progress Software News - Tue, 04/12/2016 - 10:00
Progress Releases Results of 2016 .NET Developer Survey
Categories: Vendor

How to extract FAR clauses from RFPs in under 3 minutes

VisibleThread - Mon, 04/11/2016 - 12:12

If you’re a proposal manager, contracts manager or program manager working US federal programs, you’ll know the importance of the FAR (Federal Acquisition Regulations) and DFAR (Defense Federal Acquisition Regulations).

FAR 1You need to carefully review certain FAR / DFAR clauses for compliance, especially those concerning OCI (Organisational Conflict of Interest), Security and Intellectual Property.

Prime contractors also need to manage any flow down clauses that apply to sub-contractors. Equally, sub-contractors need to clearly understand what flow-down clauses apply to them.

So contract managers and program managers manually comb through and review the FAR clauses. A very time consuming, but critical process. This applies after contract award when the contract kicks off, but also during the proposal process.

To help the process, most contract managers create a type of FAR requirements matrix, often using a spreadsheet. This allows them to track compliance with the FAR mandates. It also helps manage the various stakeholders or functional groups delivering the program. The FAR requirements matrix is a critical tool. It often dovetails into a responsibility matrix, sometimes called a RACI matrix.

Recently we noticed something interesting. Some of our customers were using VisibleThread Docs to automatically create the FAR matrix using VisibleThread custom dictionaries. They used dictionaries to search for specific FAR and DFAR clause numbers.

Now this was a really interesting use case, so we were curious.

    1. How are FAR clauses checked?
    2. Can these checks be automated & what are our customers doing?
    3. What kind of time savings can you expect for automatic extraction?

In this blog post, I’ll share what we found. If you’re a contracts manager, program manager or proposal manager, you’ll find it interesting.

How are FAR/DFAR clauses checked?

First, a little context; many FAR clauses are standard and tend not to change. These are typically pretty easy to identify as they have a fairly uniform structure in the RFP paperwork.

However, contractors pay particular attention to certain clauses including;

  • Conflict of Interest FAR clauses,
  • IP (Intellectual Property) FAR clauses,
  • Security related FAR clauses.

These same considerations apply for DFARs too.

Extracting OCI (Organisational Conflict of Interest) FAR clauses

The FAR is large currently numbering 672 different clauses. So, for the sake of explaining how to automate the extraction, we’ll focus on a subset of the FAR, those clauses that are related to OCI. There are 15 of those.

The FAR breaks OCI concerns into 3 broad categories; biased ground rules, impaired objectivity and unequal access to information. An example of biased ground rules might be if the contractor had some part in writing or influencing the statement of work. For more detailed examples, see here.

And to give a sense here are some of the specific FAR clauses for OCI:

FAR 2

For the full list of the 15 OCI clauses go here: https://www.acquisition.gov/far/html/Subpart%209_5.html

How to scan multiple documents for OCI clauses?

So, back to our original question; can we automatically extract FAR clauses from RFPs in under 3 minutes?

Absolutely, here’s how. We just need to create a ‘dictionary’ of search terms that reflect specific FAR clause numbers. Then we can run it against a collection of docs. Here’s the result in the case of the 15 OCI clauses:

FAR 3

In the example above, we analyzed 7 different docs. We searched for OCI terms like ‘9.501’, ‘9.502’ and so on. This ‘birds eye’ view means we can instantly see the location of the FAR clauses across not just one doc, but a collection of docs. That’s pretty powerful.

Here’s what we can immediately infer in this case:

  • 5 of the 7 docs contain FAR references. The numbers show frequency of occurrence for each doc.
  • We can see which docs have which particular FAR clauses. For instance, I’ve flagged in red an RFP that has a total of 9 occurrences. This comprises 3 references to 9.505-1, 2 to 9.505-2 etc.
  • 2 of the 7 docs contain no FAR clauses at all.
  • On the other axis, certain FAR clauses did not show anywhere in the 7 docs. These missing clauses include; 9.501, 9.502, 9.504 etc.

So far so good. We can now easily see which of the 7 docs contain specific FAR terms. Next, how do we extract those clauses from the doc itself to arrive at our FAR Matrix?

Extracting the OCI Clauses to a Matrix

For this, we use the same dictionary but this time, point it at the doc only. This view shows the specific occurrences of the OCI related FAR clauses and shows the content in the doc too.

FAR 4

As you can see, this view lists every paragraph where the clause occurs by page. The FAR number is highlighted using color-coding for easy recognition.

We’re almost there, we just need to get this into excel form. So, just click ‘Export to Excel’ and you have a FAR matrix. Here’s what that output looks like. It’s very similar to the previous view except it’s an Excel spreadsheet. This provides a lot of flexibility since you can easily add new control columns or sort/slice the data.

FAR 5

What about the rest of the FAR & the DFAR?

Can we generalise this approach to the rest of the FAR and DFAR? Certainly, let’s see how.

Here’s the same view as before showing the collection of 7 docs.

The only difference is that this time we’re using a much bigger dictionary of search terms. This full FAR dictionary contains all 672 FAR clauses.

FAR 6

The really nice thing is that we were able to switch the dictionaries with just 1 click, clicking ‘Use different dictionary’. And exactly like our OCI example, we can analyze a collection of documents OR deep dive into a specific doc and extract the FAR matrix for that doc too.

Here, for example, is a snippet of the Excel output when we apply this full FAR dictionary to our prior RFP example.

FAR 7

What kind of Time Savings can you expect?

The single biggest advantage when automating this extraction process is time savings. Let’s quantify that.

Here are the steps you take when extracting manually:

  • Step 1: Open the doc in PDF or MS Word
  • Step 2: Search for the specific FAR clause using standard ‘find’.
  • Step 3: Check if there are any hits. If there are, then copy and paste the relevant paragraph of text into the spreadsheet.
  • Step 4: Repeat step 2 & 3 until you’ve checked all the FAR clauses.
Time Savings Scenario 1: Checking 15 OCI clauses

So let’s assume you have the OCI clause list that we referenced before. You need to search for 15 specific OCI terms; including ‘9.501’, ‘9.502’ etc. Then if you see hits, you need to copy/paste to the FAR matrix. The RFP that we analyzed previously had 106 pages and 5 of the 15 terms had hits.

Time taken =

  • Step 2: 15 x 30 seconds = 5 minutes (450 secs) . Assumes it takes 30 seconds to enter the term and determine if there are occurrences or not.
  • Step 3: 5 x 2 minutes = 10 minutes. Assumes it takes 2 minutes to identify and copy/paste the various clauses found for each FAR term.

This gives us a total of 17.5 minutes for a single 106-page doc with just 15 terms to check.

With the automated approach, steps 2 and 3 took 1 minute. Recall that we found 5 terms occurring in the doc immediately and at a single click we had the output in a spreadsheet.

So for this scenario, it’s:

17.5 minutes (for manual) vs. 1 minute (for automated).

Time Savings Scenario 2: Checking 672 FAR clauses

Using the same approach as scenario 1 but this time with the full FAR, it’s a lot more time consuming. For our 106 page RFP doc, we had 155 hits, and we need to check for 672 FAR clauses.

So, here’s how our calculations play out.

Time taken =

  • Step 2: 672 x 30 seconds = 336 minutes or 5.6 hours (20,160 secs) . Assumes it takes 30 seconds to enter the term and determine if there are occurrences or not.
  • Step 3: 155 x 2 minutes = 310 minutes or 5.1 hours. Assumes it takes 2 minutes to identify and copy/paste the various clauses found for each FAR term. NOTE: 155 of the 672 clauses had hits.

This gives us a total of 646 minutes or 10.76 hours for this 106-page doc.

If we use the automated approach then steps 2 and 3 become extremely fast. In our case, in fact, it was 2 minutes. We were able to extract in the output to a spreadsheet in a single click.

So for this 2nd scenario, it’s:
10.76 hours (for manual) vs. 2 minutes (for automated).

The value of reliably extracting the full content is that it dramatically shortcuts the time-consuming copy/paste process to populate the FAR spreadsheet.

——-

Takeaways:

  • FAR and DFAR clauses are critical to track.
  • Contract and Program Managers often create FAR matrices.
  • Creating this kind of matrix is critical but very time-consuming.
  • You can automate the extraction process and save days per contract, without any risk of missing requirements.

I hope this post was helpful. Good luck with your contracts.

 

Acknowledgments: I am very grateful to a number of 3rd parties who helped my understanding of the FAR and clarified many of the challenges for contract managers. In particular, big thanks to Maxine Tolbert of SBC Solutions, Carl Gouaux of CWG and associates, Melissa Howell of Government Acquisitions and Bridget Anderson of Deltek. Thanks guys for your insights.

 

FREE 7-DAY TRIAL

or drop us an email

If you want to see how you can exctract FAR clauses, instantly check acronyms or measure readability, sign up for a 7-day free trial of VisibleThread Docs.


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The post How to extract FAR clauses from RFPs in under 3 minutes appeared first on VisibleThread.

Categories: Vendor

Cloud-Based .NET Leaders to Know

We wanted to take some time to salute some members of our .NET community that spend their time working on and solving cloud-based problems for their industry. Thank you both for all of the great applications helping improve the overall landscape.

ncover_mvp_richard_seroter_twitterRichard Seroter

Richard is a Senior Director of Product at Pivotal, a Microsoft MVP, InfoQ lead editor for cloud computing, blogger, author, Pluralsight trainer and frequent public speaker. He has spent the majority of his career working with organizations as they planned and implemented their enterprise software solutions. He recently earned a Masters Degree in Engineering from the University of Colorado, Boulder.

Richard is author/contributor to several books addressing topics in Microsoft platform technology, applying good SOA principles to a wide variety of BizTalk scenarios, and integration strategies for Windows Azure, Salesforce.com and Dynamics CRM 2011.

Read about Richard’s exploits, pitfalls, and musings with enterprise software on his blog, and follow him on Twitter @rseroter.

ncover_mvp_jason_kergosien_twitterJason Kergosien

Jason is President and Lead Architect of Ingen Systems, a provider of web-based business services and solutions. With more than 15 years experience in the development and implementation of web strategies and architecture in a variety of industries, his extensive background includes leading companies in data management, portals and content management in Microsoft technologies.

When he’s not contributing to the work of Ingen Systems, Jason is serving as founder and president of the Dallas DotNetNuke Users Group, a member of the Professional Referral Group and serves on the board of the IT Roundtable, a non-profit organization of ministry IT professionals.

See what Jason’s up to on Twitter @ilovecsharp.

The post Cloud-Based .NET Leaders to Know appeared first on NCover.

Categories: Vendor

Webinar: The Right QA Enterprise Test Management Solution

Polarion Software - Thu, 04/07/2016 - 20:02

The demand to successfully meet growing quality assurance challenges can be difficult. One of the easiest parts to miss is the integral component of software development process. An end-to-end approach encompassing the complete integration of the software development ecosystem is required to provide traceability and compliance.

The post Webinar: The Right QA Enterprise Test Management Solution appeared first on Polarion Software Blog.

Categories: Vendor

Devart ODBC Driver for SQL Server

Software Development Tools Directory - Thu, 04/07/2016 - 08:56
Devart ODBC Driver for SQL Server provides high-performance and feature-rich connectivity solution for ODBC-based applications to access SQL Server databases from Windows, Linux, MacOS, both 32-bit and 64-bit. Full support for standard ODBC API f ...
Categories: Vendor

Devart ODBC Driver for PostgreSQL

Software Development Tools Directory - Thu, 04/07/2016 - 08:55
Devart ODBC Driver for PostgreSQL provides high-performance and feature-rich connectivity solution for ODBC-based applications to access PostgreSQL databases from Windows, Linux, MacOS, both 32-bit and 64-bit. Full support for standard ODBC API f ...
Categories: Vendor

Scrumforme

Software Development Tools Directory - Thu, 04/07/2016 - 08:53
Scrumforme is an open source project management tool meant to be easy, organized and accessible. Inspired by Agile methodology using Scrum and Kanban simplifying teamwork.
Categories: Vendor

Message Security Layer (MSL)

Software Development Tools Directory - Thu, 04/07/2016 - 08:51
Message Security Layer (MSL) is an extensible and flexible secure messaging framework that can be used to transport data between two or more communicating entities. Data may also be associated with specific users, and treated as confidential or n ...
Categories: Vendor

Polarion Enterprise Agile: Bridging the ‘Speed vs. Compliance’ Gap

Polarion Software - Wed, 04/06/2016 - 19:29

Today’s tough competition means that enterprise developers have to rapidly produce innovative software. Agile methods and approaches have a proven record of delivering better software at a faster pace. But… and it’s a big “but” in regulated industries, many enterprises must also meticulously document everything they do in order to demonstrate compliance with regulations and […]

The post Polarion Enterprise Agile: Bridging the ‘Speed vs. Compliance’ Gap appeared first on Polarion Software Blog.

Categories: Vendor

VisibleThread at APMP Conference 2016 in Boston

VisibleThread - Wed, 04/06/2016 - 18:36

apmp

Planning to attend the APMP 2016 Bid & Proposal Conference in Boston next May?

Drop by booth 36 to see why 8 of the top 10 US government contractors use VisibleThread for Capture and Business Development.

US GOV CLARITY INDEX - DOWNLOAD HERE

Where and when:

Wednesday, May 25 — Saturday, May 28, 2016
Sheraton Boston Hotel
39 Dalton St.
Boston, MA 02199

See how to:
  • Make better bid / no-bid / teaming decisions.
  • Create a starter compliance matrix in under 3 minutes for any doc SOW, PWS or full RFP.
  • Validate that your ‘win themes / win strategies’ and ‘technical requirements’ are met in the proposal.
  • Measure the readability of your proposal, spotting wordy, difficult, or legally risky language.

More about the 2016 APMP Bid & Proposal Conference

APMP is the worldwide authority for professionals dedicated to the process of winning business through proposals, bids, tenders, and presentations. APMP promotes the professional growth of its members by advancing the arts, sciences, and technologies of winning business.

More here: APMP’s Bid & Proposal Conference 2016


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The post VisibleThread at APMP Conference 2016 in Boston appeared first on VisibleThread.

Categories: Vendor

Black Duck Releases Latest Version of Hub Open Source Security Solution

Black Duck Software Press Releases - Wed, 04/06/2016 - 14:37
Black Duck Releases Latest Version of Hub Open Source Security Solutionhleclair Wed, 04/06/2016 - 13:37

Includes increased code-scanning speed and new functionality to complement agile development

BURLINGTON, MA – April 6, 2016 – Black Duck, the global leader in automated solutions for securing and managing open source software, today released the latest version of Black Duck Hub, its flagship security solution, highlighting increases in code-scanning speed and new functionality that complements agile development processes.

Hub 3.0 streamlines Continuous Integration and DevOps processes through policy management and rapid-scanning capabilities that provide complete visibility into the open source code in both applications and containers. This accelerates development through early and continuous detection of known open source vulnerabilities and out-of-policy code.

“Agile development addresses customers’ constant demand for faster delivery of new functionality and features. Agility increases when dev teams can flag vulnerabilities and offending code early on. If vulnerabilities don’t surface until later in the dev cycle, time is lost and cost of remediation increases significantly. Agility takes a big hit,” said Black Duck CEO N. Louis Shipley.

“Open source is how today’s applications are built. With open source often comprising the majority of an application’s code, policy management along with fast, comprehensive identification of all open source code, and mapping of all known vulnerabilities are crucial,” said Shipley.

Hub’s automatic scanning and identification are up to 100 times faster than prior versions.  Additionally, Hub does full signature scans, finding all open source and known vulnerabilities, even if they aren’t declared in package manifests.

New Hub policy management capabilities allow creation of exception-based polices to identify open source components that do not meet defined security, license or operational risk. Policy conditions include: license type, component name or usage, number of newer versions available and project characteristics (tier, phase, distribution model). Policies can be overridden by occurrence.

Hub supports open source component and source identification down to the Linux distribution level. Current distributions supported include: Red Hat Enterprise Linux (RHEL), Fedora, Alpine and Debian.

 

About Black Duck Software

Organizations worldwide use Black Duck Software’s industry-leading products to secure and manage open source software, eliminating the pain related to security vulnerabilities, open source license compliance and operational risk. Black Duck is headquartered in Burlington, MA, and has offices in San Jose, CA, London, Frankfurt, Hong Kong, Tokyo, Seoul and Beijing. For more information, visit www.blackducksoftware.com.

Media Contacts:

Black Duck

Brian Carter, Director of Strategic Communications

bcarter@blackducksoftware.com

508-277-7570

 

PAN Communications

Michael O’Connell

blackduck@pancomm.com

617-502-4300

Categories: Vendor

Progress Announces Winners of the Telerik Sitefinity 2015 Website of the Year Awards

Progress Software News - Wed, 04/06/2016 - 14:30
Progress Announces Winners of the Telerik Sitefinity 2015 Website of the Year Awards
Categories: Vendor

Oracle Announces New Oracle HCM Cloud Solutions to Help Further Drive HR Transformation

Oracle Database News - Wed, 04/06/2016 - 13:00
Press Release Oracle Announces New Oracle HCM Cloud Solutions to Help Further Drive HR Transformation New solutions help streamline HR processes and increase employee engagement

Redwood Shores Calif—Apr 6, 2016

Today at Oracle HCM World in Chicago, Oracle announced new additions to its Oracle Human Capital Management (HCM) Cloud portfolio that help organizations drive HR transformation. Designed to enable HR departments to embrace modern best practices, the new offerings include a comprehensive self-service solution that helps HR and employees streamline issue resolution, a new work-life application that helps employees identify volunteer services in which to participate and updated corporate learning solutions that help support the demands of the digital workforce.   As organizations transition to the cloud to support their HR needs, they face the challenge of delivering high-quality services to their employees while also reducing operational costs. As a result, HR departments are under pressure to not only deploy smart and engaging technologies, but also drive efficiencies across both traditional and modern HR processes. In order to further help HR departments meet this demand and extend its commitment to driving HR transformation, Oracle has introduced Oracle HR Help Desk (HRHD) Cloud, as well as My Volunteering, a new addition to Oracle’s portfolio of work-life applications, and a series of enhancements to the Oracle Learning Cloud.   Natively developed within the Oracle HCM Cloud, Oracle HRHD Cloud leverages the same workflows, analytics, social capabilities and intuitive user interface to help employees quickly and easily gain the knowledge they require through superior self-service capabilities. To help HR professionals personalize the employee experience, Oracle HRHD Cloud provides a 360-degree view of the workforce and also includes advanced search capabilities. In addition, the new solution offers case management and escalation capabilities that help HR professionals resolve more complex issues. As a result, HRHD provides a key new capability to help HR deliver high quality services to employees at a low cost.        Oracle’s Work Life Applications go beyond traditional HR applications to help increase employee engagement by bringing process, innovation and the employee community together. In order to help meet employees’ philanthropic goals, My Volunteering enables employees to identify which volunteer projects their company supports and quickly enroll in those initiatives. In addition, through applications such as Career Development, Oracle HCM Cloud can help organizations suggest which volunteer projects would be a good fit based on their employees’ interests.   The Oracle Learning Cloud enables employees at all levels to learn contextually and socially regardless of their location. The latest enhancements to Oracle Learning Cloud build on this commitment through support for e-learning standards such as SCORM 1.2/2004 and new capabilities that enable learning content to be embedded into the context of business processes. Oracle Learning Cloud now also includes an Offline Mobile Learning application that enables employees to consume training content regardless of location or connectivity.   “To attract and retain the best talent in today’s fiercely competitive global market, organizations increasingly need to offer the same types of digital experiences that employees have become accustomed to in the consumer world,” said Chris Leone, senior vice president, Oracle HCM Development. “With the latest additions to Oracle HCM Cloud, Oracle continues to help organizations drive digital transformation by creating highly effective and modern HR departments. As a result, Oracle HCM Cloud gives organizations the ability to drive positive business outcomes through their HR functions.”   Contact Info Peter Mertens
Burson Marsteller
1.312.596.3515
peter.mertens@bm.com About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Peter Mertens

  • 1.312.596.3515

Follow Oracle Corporate

Categories: Database, Vendor

RationalPlan 4.13 – Documents Sharing, Automatic Email Notifications and Support for 1.5x HDPI Monitors

Software Development Tools Directory - Wed, 04/06/2016 - 12:45
RationalPlan 4.13 comes with new features within the web-based interface like the possibility to attach documents on tasks and projects, performance improvements, the possibility to see data from the entire portfolio of projects and automatic ema ...
Categories: Vendor

ZenHub releases Epics for Project Management Inside GitHub

Software Development Tools Directory - Tue, 04/05/2016 - 20:04
ZenHub, the only project management tool integrated natively in GitHub, has released ZenHub Epics – an upgrade to task management in GitHub. ZenHub Epics are the easiest way for software teams to plan and execute product backlogs – br ...
Categories: Vendor

Databricks Offers APIs to Enable Agile Application Development With Apache Spark for the Enterprise

Software Development Tools Directory - Tue, 04/05/2016 - 19:32
Databricks, the company behind Apache Spark, has launched a new set of APIs that will enable enterprises to automate their Spark infrastructure to accelerate the deployment of production data-driven applications.
Categories: Vendor

MemSQL 5 Released

Software Development Tools Directory - Tue, 04/05/2016 - 19:31
MemSQL, the leader in real-time databases for transactions and analytics, today announced the release of MemSQL 5, delivering breakthrough performance on database, data warehouse, and streaming workloads. MemSQL 5 removes data latency barriers ac ...
Categories: Vendor

SmartBear Delivers RepreZen’s New RAPID-ML Plugin for Ready! API

Software Development Tools Directory - Tue, 04/05/2016 - 19:26
SmartBear Software has delivered the RAPID-ML Plugin for Ready! API which allows SmartBear’s Ready! API to test and virtualize API models created by RepreZen API Studio. Developers can import RAPID-ML open format models directly into Ready! ...
Categories: Vendor

Businesses See Big Benefits to Offering Individualized Customer and Employee Experiences But Struggle to Deliver, Says New Study

Oracle Database News - Tue, 04/05/2016 - 13:00
Press Release Businesses See Big Benefits to Offering Individualized Customer and Employee Experiences But Struggle to Deliver, Says New Study 81 percent of organizations surveyed note an important link between cloud solutions and the agility required to offer more individualized employee and customer experiences

Redwood Shores, Calif.—Apr 5, 2016

84% of C Level Executives

Today, Oracle announced the findings of its report “The Era I Enterprise: Ready for Anything”—which surveyed 300 C-level executives across 10 industries to understand how prepared organizations are to address the fact that consumers increasingly expect, and even demand, to have it their way—whether transacting, communicating, working, or simply enjoying leisure time. The new report revealed that most organizations are dealing with this shift—84 percent of respondents say their organization has experienced a trend toward customers wanting a more individualized experience and 70 percent have experienced this trend from employees—but fewer than 20 percent give their organization an “A” in its ability to offer those experiences.

“Today, whether shopping for an item, making reservations, examining a bill, evaluating projects, or viewing medical information, the digital age has brought us to a point where we now expect the ability to make real-time decisions, transact, and customize options at the tap of the screen. In the new service-driven economy, innovative enterprises must focus on two things: taking care of their customers and taking care of their employees,” said Bob Weiler, executive vice president, Global Business Units, Oracle. “Our study reveals that organizations are unprepared to manage the need for personalization in Era I, but those seeking a competitive advantage stand to gain tremendously. Those that invest in their customers and employees will reap the benefits now and into the future.”

Inability to Individualize Reduces Competitiveness, Leaves Money on the Table

Nearly two-thirds of respondents—across the Communications, Education and Research, Engineering and Construction, Financial Services, Healthcare, Hospitality, Life Sciences, Public Sector, Retail, and Utilities industries—say the shift is a growing challenge in their ability to compete effectively. Drilling down even further, organizations estimate that if they were able to successfully offer customers and employees a highly personalized experience, they would earn an additional 18 percent in annual revenue. For a $1 billion company, that is $180 million a year.

Cloud Will Help Organizations Get Ready for Anything 97% Think They Can Deliver

To gain the flexibility needed to succeed in Era I, nearly all organizations (97 percent) believe IT investments—from business intelligence tools to customer experience solutions to industry-specific applications—will play a vital role in improving their ability to offer individualized customer and employee experiences. Furthermore, 81 percent believe there is an important link between cloud-based IT solutions and their ability to offer an individualized experience.

In terms of benefits, managers believe personalization will lead to greater customer and employee retention. In fact, organizations believe they could increase employee satisfaction by 94 percent if they were to offer a highly individualized employee experience and more flexible, industry-specific applications that help them to thrive on the job.

Leaders Get Personal 81% See the Link Between Cloud Based

Further proof that agility is a key business enabler, the study found that organizations that have increased their revenue by more than 10 percent in the last year are significantly ahead of the curve when it comes to offering individualized experiences. Forty-nine percent of Era I leaders can act on customer feedback versus just 18 percent of other organizations, and 38 percent of leaders can respond effectively to changing market conditions versus just 10 percent.

Access the full report—which delves extensively into how prepared organizations within each industry are as well as the resources they need to meet Era I needs.

Contact Info Greg Lunsford
Oracle
+1.925.899.4231
greg.lunsford@oracle.com Mary Tobin
O’Keeffe & Company
+1.503.658.7396
mtobin@okco.com About Oracle

Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle (NYSE:ORCL), visit www.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor

The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle's products remains at the sole discretion of Oracle Corporation. 

Talk to a Press Contact

Greg Lunsford

  • +1.925.899.4231

Mary Tobin

  • +1.503.658.7396

Follow Oracle Corporate

Categories: Database, Vendor