5 Businesses Considering Tech As A Priority - Coffee with CIS - Latest News & Articles

5 Businesses Considering Tech As A Priority

Data showcases which business fields are embracing cloud apps and investing in technical advancements

Unquestionably every business today needs to be a technology firm. And new info from over 4,000 Okta customers shows that companies across every industry are dedicated to building their digital footprints. They're building their own apps, adopting new, innovative engineering, and abandoning legacy processes.

Case in point: in the past two decades alone, the median amount of programs employed by associations from the Okta network grew by 24 percent.

As part of this evolution, companies are also stating "yes, please" into various developer tools to integrate and achieve their digital transformation objectives. While industries like technology, media and entertainment lead the pack when it comes to the adoption of developer tools, our information demonstrates that slowly, more conventional industries like finance, insurance, and education will also be bringing coding and tech tools into their organizations.

Here are just five industries which are embracing apps and making technological advancements a priority, according to our data:

1) Media + Entertainment

Gone are the days of print newspapers and TV collections. Nowadays, it's all about portable. Media and entertainment businesses have needed to quickly adjust to the digital needs of modern-day consumers (millennial) who've come to expect quality content services that are suitable and on-demand. If unable to offer these services, companies will face the anger of"cord cutters" such as the one million US viewers that canceled their multi-channel subscription television services, choosing rather for streaming services such as broadband Internet and IPTV.

Because of this, the media and entertainment business has unabashedly flung itself to the tech world, and it is evident in our statistics. For the past three decades, media and entertainment companies on our network have been climbing the rankings as soon as it concerns the median number of apps used. And, 68.7 percent of our customers in entertainment and media are using at least one developer tool, which makes it the second-highest business benefiting from those tools.

2) Technology

If you work at a tech firm and can count the number of apps you use each day on one hand, then I probably would not believe you. It must come as no real surprise, then, that technology companies are embracing other technology to enhance security, speed up (or completely automate) procedures and increase employee efficiency. The tech business used the maximum number of distinct apps in 2017 at 1,910.

And, they direct the charge in the adoption of programmer tools -- our findings show that 69.4% of tech companies in our community used at least one developer tool in 2017.

3) Education

Though not as highly ranked in our findings of median program use, the instruction industry deserves an A for effort for significantly embracing more than 480 distinct apps. Online education tools like Lynda.com, Coursera, and Pluralsight -- the top three e-learning apps used in our community -- have brought education into the digital age, making learning more accessible and efficient. Thirty-one percent of customers accessed online learning courses in 2017, either for business or personal use. With the tech economy anticipated to reach $1.83 billion by 2020, this can be a business to observe.

4) Finance and Banking

Finance and banking is an instance of a conventional industry that is getting more technologically advanced every year. By 2016 to 2017, the median number of apps used by Okta customers in the finance and banking sector grew a notable 33 % ; the number of finance and banking customers using a minimum of one programmer tool climbed 6 % .

This fast adoption of programs and developer tools indicates that banking isn't what it used to be. 40% of Americans haven't walked into a bank or credit union within the last six months. Banking and financial services have accommodated by developing their own cellular solutions -- the preferred process of transaction among customers -- such as programs, push telling payments and digital wallets. Chase, Bank of America, American Express and Wells Fargo are just some examples of banks who have started offering their own app providers (and even popped up on our list of hot banking programs this year). Now with the development of blockchain, the business is considering more changes beforehand.

5) Healthcare

Organizations in the world of biotech, pharma, and healthcare saw a 36 % increase in the median number of programs used from 2016 to 2017 -- an indication that this industry is also busting out of its shell. Previously, clinicians dictated the kinds of technology providers they brought into their practice, however, have changed, based on Jason Bush, Chief Information Security Officer at Magellan Health. The increasing amount of information breaches affecting the healthcare industry, in addition to the sensitive individual data that's regularly at stake, has prompted regulators to establish compliance rules for present information technology and security criteria. Thus the dramatic increase in programs used -- confronted with new industry standards, clinicians, and healthcare institutions have no option but to arm themselves with advanced engineering and safety solutions.

Companies across all industries shifting how their organizations interact with technology, and we're excited about seeing what new technology emerge and form the future of function in 2018 and beyond.