The enterprise software market has entered a period of slower growth, reports Computerworld.com. In 2012, the market grew 3.6% worldwide and was powered mainly by growing interest in cloud, analytics, and Big Data, according to an IDC report. This helped SAP achieve an increase in revenue of 5.1%, the highest growth rate among the top software vendors.
A closer look at SAP’s first quarter earnings seems to back up the IDC report: Its cloud business grew 80% and revenue from SAP HANA tripled to €86 million. “Overall, if you look at the quarter we are very pleased,” Jim Hagemann Snabe, SAP Co-CEO, told CNBC in a video interview about the company’s performance.
While new technology continues to power growth on the provider’s side, companies that purchase the software don’t always experience the same benefits, warns CIO.com. A new report by Nucleus Research reveals the hidden costs of BYOD (bring-your-own-device) policies and finds that the promised productivity gains don’t contribute much to an actual return on investment.
Companies aren’t the only ones that find it difficult to predict all the possible consequences of adopting a new technology. Many governments now face the task of determining when technology violates our right to privacy or breaks the law, as the U.S. government recently did when it voted to amend the Electronic Communications Privacy Act. The amendment will now require government officials to obtain a search warrant before accessing citizens’ e-mail, reports ZDNet.com.
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