Do Banks Really Need To "Own" Mobile Banking?

Australian Banks have often been at the forefront of global banking trends, or at the very least, fast followers that learn quickly from the mistakes of others. In Australia, mobile banking has quickly become a "war" amongst the majors with a range of different banking services and approaches - from basic access to transactional histories, transfers, payments, integrated retail services, and even near-field-communications-based micro-payments systems.

But how much of the mobile banking channel do banks really need to own? Most banks no longer own or operate their own ATM networks. They control the flow of transactions through that channel, but they generally have little to no interest in owning the assets or operating ATM cash management processes. Mobile banking is a complex and costly business to be in. With the advent of Internet banking, it quickly became clear that the cost of delivering online banking services through the internet was rarely, if ever, a more cost-effective channel than the bank-owned and operated PC-based products (remember the dedicated dial-up modems!). But in theory it should have been. All of the cost modeling showed that it should be cheaper. Yet banks have continued to invest more and more in building out, maintaining, operating - and particularly securing - their Internet banking channels.

Read more

Orange Business Services Underlines Its Global Capabilities At Its 2012 Analyst Event

Dan Bieler

Dan Bieler, Bryan Wang, Pascal Matzke, Jennifer Belissent

ORANGE held its annual analyst day in Paris recently. There were no major announcements, but we made several observations:

  • ORANGE is one of the few carriers with true delivery capabilities. Its global footprint is a real advantage vis-a-vis carrier competitors, in particular in Africa and Asia. Vale, the Brazilian metals and mining corporation, presented a customer case study in which Vale emphasized the importance of ORANGE’s global network infrastructure for its decision to go with ORANGE as UCC and network provider. Its global reach positions ORANGE well to address the opportunity in emerging markets, both for Western MNCs going into emerging markets and also to address intra-regional business in Africa and Asia. Another customer case study with the Chinese online retailer 360buy, focusing on a contact center solution, demonstrated ORANGE’s ability to win against local competitors in Asia.
Read more

Asia Pacific CIOs Learn Similar Lessons on the Path to Business Technology

Dane Anderson

 

Forrester’s Asia Pacific team is working at a fast and furious pace preparing for our CIO Summits in Singapore, Sydney and New Delhi throughout September.  As the content champion for the event, I have been working with about a dozen regional CIO speakers to prepare presentations on their journeys from IT to Business Technology, which is the focus of our summits.

Our distinguished line-up of CIO speakers provides an insightful cross-section of the countries, cultures and industries they span.  As they all embark on their respective BT journeys, it has become clear that they must each chart their own course and sequence activities in a way that makes sense for their unique circumstances.  Nevertheless, across these varied landscapes I have identified three key themes that are critical to the BT journeys regional CIOs will be forced to make:

  • Taking Care of the Basics: Although innovation and the power of BT are alluring, the BT journey starts with some basic plumbing.  All of our CIO speakers have emphasized that their BT journeys wouldn’t have taken the first step without first ensuring they were doing the basic things well.  They cannot convince the CEO that they deserve a seat at the table of business strategy without showing they know how to handle the basics first. In our Singapore Summit, Krishnan Narayanan, Managing Director and Head of IT at UBS will share his experience and provide recommendations for setting a solid foundation to enable the BT transition.
Read more

Open Data Isn’t Just For Mega Cities: The City Of Palo Alto Proves That

Jennifer Belissent, Ph.D.

Many of the marque open data programs are in the big cities. Think New York City and its NY Big Apps Contests, or Chicago or London or Barcelona or Rio de Janeiro. But smaller cities are also sitting on public data. They receive requests for information from their constituents, and their constituents expect new applications and services. Not to mention the fact that cities of all sizes are responding to pressure for greater openness and transparency. These are a few of the reasons why the City of Palo Alto recently launched its open data community site. According to Jonathan Reichtenthal, the CIO of Palo Alto, “It is more common that information is public than not.” And, therefore, why not make it easier for citizens to access? 

Palo Alto – with a population of about 65,000, located between San Francisco and San Jose, California, and known as the home of Stanford University and the “birthplace of the Silicon Valley” – was a prosperous, tech-savvy city. But from an IT perspective, the city administration had been working in the past… until about eight months ago when a new CIO came on board. Jonathan Reichtenthal is the “first cabinet-level CIO” of Palo Alto. IT had historically been an administrative division housed with legal, HR, and finance. When the previous head of IT retired, the city manager decided to elevate the status of IT and drive more strategic use of technology within the organization. One of the first initiatives launched by Reichtenthal was open data. 

Read more

Online Collaboration Tools Address A New Set Of Business Challenges, But Are They Ready For Your Business?

TJ Keitt

Today, we published our first Forrester Wave™ on the cloud strategies of online collaboration software vendors, evaluating how eight vendors -- Box, Cisco Systems, Citrix Online, Google, IBM, Microsoft, salesforce.com, and Yammer -- are constructing collaboration services. Unlike a traditional Forrester Wave, this assessment was designed to look at how these vendors are addressing the lingering questions many IT leaders have about online collaboration technology:

  • Is it ready for the prime-time enterprise spotlight?
  • Will it keep me secure and compliant?
  • Does it fit into my business environment?
  • Is the vendor in the online business for the long haul?
Read more

Big Data Meets Cloud

Holger Kisker

Cloud Services Offer New Opportunities For Big Data Solutions

What’s better than writing about one hot topic? Well, writing about two hot topics in one blog post — and here you go:

The State Of BI In The Cloud

Over the past few years, BI business intelligence (BI) was the overlooked stepchild of cloud solutions and market adoption. Sure, some BI software-as-a-service (SaaS) vendors have been pretty successful in this space, but it was success in a niche compared with the four main SaaS applications: customer relationship management (CRM), collaboration, human capital management (HCM), and eProcurement. While those four applications each reached cloud adoption of 25% and more in North America and Western Europe, BI was leading the field of second-tier SaaS solutions used by 17% of all companies in our Forrester Software Survey, Q4 2011. Considering that the main challenges of cloud computing are data security and integration efforts (yes, the story of simply swiping your credit card to get a full operational cloud solution in place is a fairy tale), 17% cloud adoption is actually not bad at all; BI is all about data integration, data analysis, and security. With BI there is of course the flexibility to choose which data a company considers to run in a cloud deployment and what data sources to integrate — a choice that is very limited when implementing, e.g., a CRM or eProcurement cloud solution.

“38% of all companies are planning a BI SaaS project before the end of 2013.”

Read more

If A Picture Paints A Thousand Words, Maps Are Just Off The Charts!

Jennifer Belissent, Ph.D.

I’ve always been a map person with maps showing up in my house as floor rugs, shower curtains, clothing, dishes, jigsaw puzzles etc.  So the ESRI User Conference was right up my alley. 

With the explosion of data (and interest in data), organizations are desperate for ways to organize, visualize and better leverage it.  Maps are a perfect way to make data real, and the stats on ESRI’s conference show it.  The role of “geographical information system” (GIS) professional is thriving.  The event organizers registered 14,922 attendees by mid-week, with over 15,000 expected by the end of the week-long event.  Attendees represented 126 countries, US representation being largest, but the rest of the top ten including Canada, Japan, Germany, the UK, Australia, South Korea, Mexico, Norway and South Africa.   Of the 36 industries represented, most were public sector including state and local government, defense and intelligence and federal government.  But interesting examples were provided across retail – e.g. the use of traffic and demographic data to evaluate and compare alternative retail locations – and other commercial sectors.   The list of use cases was impressive – with lofty uses such as planning for the future, preserving resources, and exploration to more down-to-earth examples such as building management, urban planning and law enforcement.  In most cases, where there is data, there could be a map to show it, and help understand it better. 

Read more

What Will The Future Of IT (And Technology) Look Like?

Tim Sheedy

At a CIO roundtable that Forrester held recently in Sydney, I presented one of my favourite slides (originally seen in a deck from my colleague Ted Schadler) about what has happened r.e. technology since January 2007 (a little over five years ago). The slide goes like this: 

Source: Forrester Research, 2012

This makes me wonder: what the next five years will hold for us? Forecasts tend to be made assuming most things remain the same – and I bet in 2007 few people saw all of these changes coming… What unforeseen changes might we see?

  • Will the whole concept of the enterprise disappear as barriers to entry disappear across many market segments?
  • Will the next generation reject the “public persona” that is typical in the Facebook generation and perhaps return to “traditional values”?
  • How will markets respond to the aging consumer in nearly every economy?
  • How will environmental concerns play out in consumer and business technology purchases and deployments?
  • How will the changing face of cities change consumer behaviors and demands?
  • Will artificial intelligence (AI) technologies and capabilities completely redefine business?
Read more

BT Strategic Planning: Upcoming Events

Nigel Fenwick

For many traditional IT organizations, BT Strategic Planning is a new approach to developing technology strategy. As such, it often raises more questions than answers. If you’d like to know how to get more answers then this blog post is for you (if not you can skip the rest).

To help you get stuck in and apply the strat planning framework in your environment, we’re scheduling a couple of webinars and a two-day workshop for this September. In the first webinar on Sept. 11, we’ll go into the best practices CIOs put in place in order to set up their teams for success in developing business technology strategy. In the second webinar on Sept. 14, we’ll explore the levers of BT value and how to successfully communicate BT value. While both webinars are connected, you don’t need to attend the first to get value from attending the second.  

And if you are interested in rolling up your sleeves some more, I’m facilitating a two-day workshop on BT Strategic Planning on Sept 25th and 26th in San Francisco. This open workshop builds upon the successful custom workshops we deliver for clients looking to apply Forrester’s planning framework. Over the course of two full, mind-bending days, you will go through the entire strategy planning framework and learn how to apply it in your organization.

Read more

Innovative Tech Literacy Programs Fill The Skills Gap And Push The Move From IT To BT

Jennifer Belissent, Ph.D.

[Written with Enza Iannopollo, a Research Associate in Forrester’s London office] 

During last month’s Forrester Forum in Paris, Enza spoke with a client who shared some thoughts about his business. Aware that technology is everyday more critical for business to be successful, his main concern as an enterprise architect was the shortage of skilled IT labor.

Many people can juggle multiple devices or can use various software and applications, but very few know how to write an application or how to publish digital content. For the client, recruiting valuable employees was a major concern. “The origin of the problem lies in the education system, where technology literacy is not present at all or, if it exists, ICT and science teachers are often poorly equipped,” he pointed out.

If it’s true that “company in distress makes sorrow less,” our client will be at least comforted by the idea that a growing number of business people experiences the same difficulty — lack of skilled labor is the No. 1 obstacle to implementing tech solutions. And maybe, he will be relieved to know that tech vendors, new companies, and creative partnerships are looking to fill this gap.

Read more