December 12, 2013
The 5 to Watch from the Consumer Electronics Association
The Consumer Electronics Association (CEA) recently published its latest edition of the annual 5 Technology Trends to Watch. These are technology trends that are predicted to influence the consumer electronics industry in the future. Those key technology trends are: Internet of Things (IoT), driverless cars, digital health care, robotics, and the future of video distribution and consumption. (more…)
October 31, 2013
The Top 10 Strategic Technology Trends For 2014 – from the Global Technology Research firm, Gartner, Inc.
Screenshot of the Gartner on Demand site http://www.gartnereventsondemand.com/
Global Technology Research firm, Gartner never ceases to delight. At the recent Gartner Symposium/ITxpo earlier this month in Orlando, Florida, Gartner advised organizations to put the following ten technologies on their watch list! (more…)
October 10, 2013
Tech Deal Volume Down, M&A Activity Improving; IT Jobs Increasing
Image courtesy of KROMKRATHOG at FreeDigitalPhotos.net
Tech Trends – PwC’s U.S. Technology M&A Insights, and TechServe Alliance’s monthly IT Jobs Tally
Year-over-year technology company deal volume has fallen, shrinking to 2009 levels. However M&A activity being pushed by private equity buyers taking a more active role in the second half of the year, according to the second quarter PwC report. IT Jobs have increased across sectors for the 24th month in a row.
Deal Volume Down, M&A Activity Improving
PwC is bullish on the last half of 2013 and 2014: “New announcements provide positive momentum, and as the US economy continues to improve, growth in emerging economies stabilizes, and difficulties in Europe and Japan are addressed, the improved clarity will create a fertile environment for technology volume to grow.” (more…)
September 12, 2013
Women in the Tech Sector
Women hold 56% of professional jobs, but only 25% of IT jobs. Women are the minority of executives at Fortune 500 tech companies (11%) and even less found tech start-ups (5%).
Even though more women (68%) earn a Bachelor’s degree, Women only account for 18% of those earning Computer and Info Science degrees in 2009.
When they do choose the tech sector, women’s pay is still not on par with men’s. The three best paid jobs are computer programmers, computer & information systems managers, and computer software engineershowever women earn 5%, 18%, and 9% less respectively as compared to their male counterparts. (more…)
August 22, 2013
Tech Trends – The Software Industry
PwC’s Technology Institute’s report the Global 100 Software Leaders investigates the trends that are shaping the software industry.
SaaS (software-as-a-service), mobile device proliferation, consumerization of IT are trends that are forcing software companies to re-think everything about product development, pricing, marketing, and delivery. Competition for the talent in this evolving market place has reached the proportions of a “talent war”.
“As we all know, cloud computing enables a new business model—the selling of software as a service, either by subscription or as a true pay-as-you-go usage model. Add the explosion of mobile devices, the ubiquity of wireless networks and the consumerisation of IT, and you get further innovation—and confusion—in business models.” (PwC Global 100 software leaders) (more…)
August 15, 2013
45% of Fortune 500 Co.s in 2010 were founded by immigrant or child of one
Is Immigration a Solution for Economic Growth?
Workforce Immigration Trends
Reports show that immigration secures huge economic benefits through job creation and increased GDP. The tech talent crunch has been a persistent story throughout the recession and recovery, American companies need access to highly skilled international workers in order to compete. If we do not allow highly skilled foreign workers into the US, they will contribute to another country’s economy instead of ours, and America would risk losing its preeminent place as the world’s business powerhouses, and the Fortune 500 companies of the future.
More than forty percent of the 2010 Fortune 500 companies were founded by immigrants or their children; and seven of the ten most valuable brands in the world come from American companies founded by immigrants or children of immigrants. Many of America’s greatest brands inlcuding Apple, Google, AT&T, Budweiser, Colgate, eBay, General Electric, IBM, and McDonald’s, were founded by an immigrant or the child of an immigrant, according to Partnership for a New American Economy.
The “New American” Fortune 500 report states that immigrants spur job creation across all industries, including the highest growth sectors:
- 45% of high-tech firms from the Fortune 500 had either an immigrant or child of an immigrant among its founders,
- 50% of the medical equipment and device makers, including the three largest players by revenue, were founded by immigrants or their children,
- Immigrant-founded Fortune 500 companies employ 3.6 million workers around the world today,
- Fortune 500 companies founded by immigrants to the United States generated more than $1.7 trillion in revenues in 2010; companies founded by immigrants or children of immigrants generated more than $4.2 trillion in revenues that year.
The Brookings Institute’s Hamilton Project reports on the impact of new immigration on wages. While some worry about a negative impact on wages resulting from new immigration, several studies have shown that on average, immigration can positively impact wages and opportunities for Americans. When immigrants are hired into lower paid positions, American businesses and farms can expand their capacity which then provides new opportunities and better pay for more Americans. When there is a shortage of the right skills in the labor marketplace and highly skilled immigrants are able to enter the workforce, then American companies benefit in their competitiveness and capacity, again providing more jobs and opportunities, better pay follows.
Another report by the Regional Economic Models, Inc (REMI) Key Components of Immigration Reform estimates that the proposed Pathway to Legal Status policy would increase total U.S. employment by 123,000 in 2014, and by 594,000 by 2018. The GDP that would result includes an increase of over $10 billion in 2014, and over $49 billion in 2018. An expansion of the high-skilled (H-1B) worker visa program would add 227,000 jobs by 2014. The report argues for the expansion of lesser-skilled visas (H-2A [farm visas], H-2B [seasonal, peak load, and intermittent worker visas] and W-1 [lesser-skilled nonseasonal worker visas]) as well, citing increases in employment and GDP through increased economic productivity and output. The REMI report states that “expansion of these visas will benefit not only those who receive them, but also the workers and consumers in the U.S. economy as a whole.”
The positive impacts and need for top talent are the inspiration behind the formation of FWD.us by leaders of the US technology community, from tech giants such as Facebook, Google, YouTube, LinkedIn, DropBox, and other household names. FWD.us is a 501(c)(4) advocacy organization committed to promoting policies to keep the American workforce competitive. The group promotes comprehensive immigration reform: Easing immigration for foreign talent and enticing native entrepreneurs to stay in the country are among the group’s goals. The mission is “to build the knowledge economy the US needs to ensure more jobs, innovation and investment,” states Mark Zuckerberg in a Washington Post Op/Ed.
July 25, 2013
Tech Trends – The PC is Dead, Long Live the PC
Do Recent Tech Sector Job Cuts Worry You?
Tech-Sector Job Cuts Surged by 144% in the second quarter according to global outplacement firm Challenger, Gray & Christmas, Inc. The byline of the press release portends more job cuts caused by the diminishing sales of personal computers. Indeed, the technology sector layoffs reportedly more than doubled during the latest quarter. Computer job cuts jumped up to 16,404 in Q2. But despite this increase in tech-sector job cuts, overall the downsizing has slowed from a year ago.
But is it all gloom and doom? (more…)
July 11, 2013
Tech Trends – The BYOD and Mobile Security Report 2013
The BYOD and Mobile Security Report 2013 was written by Holger Schulze, owner of the 160,000 member Information Security Community group on LinkedIn. The report was sponsored by Lumension Security, Inc., Symantec, KPMG, MailGuard, and Zimbani.
A survey and report by Holger Schulze, via the Information Security Community group on LinkedIn.
The trend of bringing you own device (BYOD) into the workplace is increasingly ubiquitous. The security and data control issues that arise are critical to address. Many companies are adopting employee-owned mobile devices, many are implementing policies against the use of BYODs. Especially in the tech sectors, this is a trend that most companies are going to have to address.
The BYOD and Mobile Security Report 2013 is a survey comprised of responses from members of the Information Security Community on LinkedIn. It sheds light on the BYOD drivers, company benefits, and how companies are addressing the associated security risks. (more…)
June 6, 2013
Reporting on the Internet of Things
The most viable IoT: Healthcare IT, Energy Efficiency, and Enablement technologies, this and more in the new Silicon Valley Bank report.
The Silicon Valley Bank (SVB) strategic advisory experts have just put out a new report on the Internet of Things. This analysis explores the market forces, financing dynamics, and then looks at niche markets such as enablement, connected healthcare, and energy efficiency.
The Internet of Things (IoT) was coined by then product manager at Procter & Gamble, Kevin Ashton, back in 1999. Kevin wrote that “If we had computers that knew everything there was to know about things—using data they gathered without any help from us—we would be able to track and count everything, and greatly reduce waste, loss and cost. We would know when things needed replacing, repairing or recalling, and whether they were fresh or past their best. The Internet of Things has the potential to change the world, just as the Internet did. Maybe even more so.”
The SVB’s IoT report covers advancement in technology that has poised the IoT for a renaissance, and looks at the promise and hurdles ahead. It calls out the gap between the offering of large tech companies and the areas where growth is strongest. And it states that investors are shying away from IoT technologies until the benefits can be quantified.
The IoT encompasses a vast number of sectors such as Communication, Connected Healthcare, Monitoring, Enablement, Energy and Environment, Meter/Utilities, Enterprise and IT, Heavy Industry, Retail and Commerce, Smart Buildings, and more.
IoT companies are faced with funding challenges. Venture Capital funding of IoT is facing imbalances in supply and demand. There are more angel or seed financed companies now than there are institutional funds to continue to fund them as they move into series A stage.
SVB reports that to successfully bring a product to market and expand (Series C and beyond), $30M+ in total invested capital is required on average. Lack of investment may be attributed to things like s hardware development, inventory management, long sales cycles, and/or slower than expected up-take.
The most viable business cases have been in Healthcare IT, Energy Efficiency, and Enablement technologies. IoT enablement technologies are the base upon which all other IoT products are built, and while experiencing strong growth, these are also experiencing increased cost of goods sold and operating expenses.
There are certainly great socio-economic benefits to come from the Internet of Things. Capital to fuel the innovation will continue to be allotted slowly as investors watch for proven quantifiable business cases.
Read the full SVB Internet of Things report online.
About SVB Analytics Strategic Advisory Service
For over 30 years, SVB has been at the center of the venture capital world, reviewing business models and providing valuation services to thousands of early-stage disruptive companies. Because of this, SVB Analytics’ strategic advisory service has access to unique data that allows us to make both grounded valuations of companies, and forecasts of new markets that help investors evaluate opportunities with leading early-stage businesses.
April 25, 2013
Hiring Trends – StartUps Silicon Valley Bank
Tech Needs Talent!
Clean Tech and High Tech Trends
Eighty seven percent of technology startups plan to hire new employees in 2013, which is great news for tech talent. But it means competition for companies trying to attract and retain excellent human capital.
A new report by Silicon Valley Bank shows that in the US, hiring by technology, life science and cleantech companies is up 14% from four years ago when the annual survey began. Software companies plan to do the most hiring, with 90% planning to increase the size of their workforces this year. (more…)
April 18, 2013
Hot Tech Salary and Trend Highlights
Choice Salary Tech Ranges – Info from Robert Half 2013 Technology Salary Guide
from the Robert Half 2013 Technology Salary Guide
“Money may not be all IT employees consider when choosing to join or stay with your firm, but it’s certainly one of their key benchmarks.”
Attracting and retaining top tech talent requires a concerted plan. To attract the best and brightest, companies must be dynamic and growing, and must provide a work environment and benefits that motivate employees.
A lot of leading edge tech companies offer gyms, free healthy lunches, child care, transportation, flextime, work from home, and professional development opportunities in addition to good health insurance, 401Ks, and options. As the market improves, the competition over top talent only becomes more acute. Whether actively looking for new opportunities or not, top talent is being pitched on a consistent basis. In addition to these perks and benefits, your employees are shopping salaries. (more…)
March 28, 2013
February 28, 2013
Startup Outlook 2013 – Silicon Valley Bank
CleanTech/High Tech Trends: Start Up Hiring & Retention Struggles, Silicon Bank Survey Reports
Hiring and Retention of Tech Talent is a Challenge.
“Every time I meet with a group of tech company CEOs they say the same thing: hiring world-class talent is one of their biggest challenges. They struggle to find, attract and retain the engineering, scientific and technical talent they need to grow their businesses.” – Greg Becker, President and Chief Executive Officer, Silicon Valley Bank.
February 21, 2013
January 31, 2013
Tech Trends: The Mobile Wave
Catching a wave is about timing, positioning and paddling hard.
In the recent book by technologist Michael Saylor, CEO of MicroStrategy The Mobile Wave: How Mobile Intelligence Will Change Everything, Saylor argues that coming indispensability of mobile technologies. This “the fifth wave of computer technology” will transform the possibilities of mobile computing on business, society, economies and everyday life. (more…)
December 27, 2012
Exciting, Well-Paying Tech Jobs in 2013
The recent study by 2013 Salary Guides from Robert Half Technology and The Creative Group shows exciting promise for salary gains in information technology (IT) and creative roles. There is a high demand for these professionals as companies focus on building and improving their digital communications and make investments in IT infrastructure.
“The pressure on salaries is being felt wherever there is competition for tech savvy talent,” stated Logan Knight, IT Recruiter at Redfish Technology. “We are seeing a trend of rising pay for top-notch IT talent extends across industries such as healthcare IT, social and mobile applications, and big data.” (more…)
December 13, 2012
November 15, 2012
The Technology of Voting:
What does the Future Hold?
The electronic age has transformed voting options and voting tallying enormously. Widely adopted and ever evolving, electronic voting supervised physically in polling stations has improved efficiencies enormously.
November 1, 2012
Tech Trends: Big Data Opportunities
How big is Big Data?
Walmart handles more than 1 million customer transactions per hour, over 400 million tweets are sent per day, over 6 billion cell phone calls per day in the U.S., 10,000 payment card transactions made every second worldwide, etc., etc. Just imagine the hard drive and computing power the NSA needs to record all electronic communications across the entire world. (more…)
October 10, 2012
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Employers Seeking Software, Quality, Security Skills
Top skills in demand in the technology sectors of late include software development and quality assurance. Dice showed an all-time high in the request for these skills with 14,616 job postings including the software development requirement; in second place is QA or quality assurance with 9,355 corresponding job postings as of October 1, 2012.
Indeed.com trends show the rise in demand for these two categories, as well as java and mobile criteria in the job search terms. Other skills criteria going strong include virtualization, big data, cloud and saas. Other growing sectors include information security, data security, application security, governance-risk-compliance.
Top metros for tech hiring currently according to Dice are: New York, DC Metro area, Silicon Valley, Chicago, Boston, Los Angeles, Atlanta, Dallas, Seattle and Philadelphia.
Redfish Technology is currently recruiting for software engineers, QA, user experience positions as well as sales and product marketing roles across the country. See our priority hiring on the blog Catch of the Day, or search all jobs on our website.