Data showcases which verticals are embracing cloud programs and investment in technical advancements
It is true: each business now has to be a tech firm. And fresh information from over 4,000 Okta customers shows that businesses across every sector are devoted to building their digital footprints. They are building their own programs, adopting new, advanced technologies, and abandoning legacy procedures. Case in point: in the past two decades alone, the median amount of apps utilized by associations from the Okta network grew 24 percent.
As part of this evolution, companies will also be saying "yes, please" to a number of developer tools to better integrate and achieve their electronic transformation objectives. While industries such as tech (surprise, surprise), and entertainment and media lead the bunch when it comes to the adoption of developer tools, our information shows that slowly, more traditional industries like finance, education, and insurance are also bringing coding and tech tools in their organizations.
Here are five industries that are embracing apps and making technological improvements a priority, based on our information:
1. Media + Entertainment
Gone are the days of printing newspapers and tv collections. These days, it's about portable. Media and entertainment businesses have needed to rapidly adjust to the electronic needs of modern-day consumers (millennial) who've come to expect quality content solutions that are suitable and ondemand. If not able to offer these services, companies face the anger of "cable cutters" like the one thousand US audiences that canceled their multichannel subscription television services, choosing instead of streaming services like broadband Internet and IPTV.
As a result, the media and entertainment industry has unabashedly flung itself into the tech world, and it's evident in our information. For the past few years, entertainment and media companies in our community have been climbing the ranks as soon as it regards the median number of apps used. And, 68.7 percent of our customers in entertainment and media are utilizing at least one programmer tool, making it the most second-highest industry benefiting from those tools.
If you work at a technology company and can count the number of programs you use each day on one hand, then I probably would not believe you. It must come as no surprise, then, these tech businesses are embracing different technologies to enhance security, speed up (or completely automate) processes and increase worker efficiency. The technology business used the maximum number of apps in 2017 at 1,910.
And, they lead the charge in the adoption of developer tools -- that our findings demonstrate that 69.4 percent of tech companies in our community used a minimum of one developer tool in 2017.
3. Finance and banking
Finance and banking is an example of a traditional industry that's getting more technologically advanced every year. From 2016 to 2017, the median amount of programs employed by Okta clients in the banking and finance industry grew a notable 33 percentage; the variety of finance and banking customers with a minimum of one programmer tool climbed 6 percent.
This fast adoption of programs and programmer tools shows that banking isn't what it was. Forty percent of Americans haven't physically walked into a financial institution or credit union within the past six months. Banking and financial services have accommodated by creating their own mobile services -- the favored process of transaction among consumers -- such as apps, push notification payments and digital wallets. Chase, Bank of America, American Express and Wells Fargo are just some examples of banks that have begun offering their own app providers (and even popped up on our list of favorite banking programs this year). Now with the growth of blockchain, the business is considering even more changes ahead.
Organizations in the sphere of biotech, pharma, and healthcare saw a 36% rise in the median number of programs used from 2016 to 2017 -- an indication that this business is also breaking out of its shell. Previously, clinicians dictated the types of technology providers they introduced in their practice, but times have changed, based on Jason Bush, Chief Information Security Officer in Magellan Health. The increasing amount of information breaches affecting the healthcare industry, plus the sensitive individual information that is regularly at stake, has prompted regulators to set up compliance guidelines for present information technology and safety criteria. Thus the remarkable increase in apps used -- confronted with new business norms, clinicians, and healthcare institutions have no choice but to equip themselves with innovative technology and safety solutions.
Though not as highly rated in our findings on median app usage, the instruction industry deserves an A for effort for steadily embracing more than 480 distinct apps. Online instruction tools like Lynda.com, Coursera, and Pluralsight -- the best three e-learning apps utilized within our network -- have brought education into the digital era, making learning more efficient and accessible. Thirtyone percentage of clients obtained online learning classes in 2017 either for corporate or personal use. Together with the tech economy expected to get $1.83 billion by 2020, it can be a market to observe.
Companies across all sectors shifting the way their organizations interact with technologies, and we're looking forward to seeing what new technologies emerge and form the future of work in 2018 and beyond.