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At the beginning of January, the Department for Health and Social Care published the NHS Long Term Plan – a 136-page document that sets out how the NHS intends to evolve over the next ten years (see NHS 10-year plan needs digital innovation to deliver). The plan focuses on building an NHS ‘fit for the future’ and gives a strong indication as to how the NHS’ additional £20.5bn budget settlement (announced by the Prime Minister in the summer of 2018) will be spent over the next five years.
Themes that have been pervasive in NHS policy for some time remain central to the plan, such as the growing importance of prevention and population health management; strengthening ‘out of hospital’ care; closer integration of services; more personalised care; and an increasing emphasis on mental health. And, having read the tome from cover to cover, it’s clear that tech in its broadest sense has an important role to play in the delivery of many aspects of the plan, not just in the Digital chapter.
Today we’re publishing our first analysis of the NHS’ plan for our PublicSectorViews subscribers. In the report – NHS Long Term Plan: What does it mean for tech?- we highlight key points from the plan and identify areas of opportunity for software, IT and business process services and other tech providers. These range from the use of video calls for GP and outpatient appointments, through apps to support those with long term conditions and devices to monitor patients in their own homes, to online training for nurses and the provision of personal health records.
PublicSectorViews subscribers can download a copy of the report from today here.
If your organisation doesn’t yet subscribe to our in-depth public sector and healthcare research and you’d like to know more about our 2019 subscription packages please contact Deb Seth for the details.
Posted by Tola Sargeant at '11:24' - Tagged: health policy telehealth AI data
We are very pleased to introduce InterSystems as proud sponsor of the reception drinks at our 2019 ‘Evening with TechMarketView’ in September.
As you may already know, our seventh annual Presentation and Dinner – An Evening with TechMarketView - will be held at the magnificent Royal Institute of British Architects (RIBA), in Portland Place London, from 6.30pm on Thursday 12th September.
Over 200 of UK tech’s ‘great & good’ are expected to attend the evening event which has become a popular fixture in the tech calendar and has been described by attendees as “the best networking event in the industry”.
‘The Year of the Relationship’ welcome drinks with InterSystems
Our research theme dictates that 2019 is ‘The Year of the Relationship’ so what could be more appropriate than kicking the evening off with an extended drinks reception to give you plenty of time for networking. And we’re delighted that your welcome drinks will be once again be sponsored by InterSystems, whose technology is used by businesses in finance, government, healthcare and other sectors where lives and livelihoods are at stake to help manage risk, meet regulatory demands, streamline operations, and transform enterprise data into sound business decisions.
Stay tuned to UKHotViews for more details on the evening and the opening of early-bird ticket sales next week.
If your organisation is interested in joining InterSystems as an event sponsor, you’ll find more detail on available packages here or contact Sarah Robinson to learn more.
Posted by HotViews Editor at '00:00'
After a relatively muted 2017, and despite the political and economic concerns and stock market volatility both globally and in the UK, merger and acquisition activity in the UK software and IT services (SITS) sector during 2018 broadly recovered to 2016 levels, according to data from corporate finance firm, Regent Partners. Underpinning the numbers was a 16% increase in UK domestic deals and a 24% increase in the number of acquisitions of UK SITS companies by overseas buyers.
Subscribers to the TechMarketView Foundation Service can read our annual summary of corporate activity in the UK SITS sector in our latest report, IndustryViews Corporate Activity – 2018 Review, downloadable now.
Posted by HotViews Editor at '07:55' - Tagged: acquisition
Enterprise Software suppliers have a lot to work with during 2019 and beyond but it will take grit and determination to find and seize the opportunities. Focusing on the quality of partnerships and proactively helping enterprises with the practicalities of digital transformation are the factors that will position suppliers for success.
The Enterprise Software Supplier Prospects 2019 and Beyond report identifies the challenges facing software suppliers, how they can best respond to them, and the things they should be doing to thrive in the long term. It also includes profiles of the top 10 enterprise software suppliers to the UK, making it essential reading for software and services suppliers operating in the UK market.
The market is being reshaped by a complex set of factors, growth remains low level and there is a gap between expectation and reality around digital-enabling areas like AI/machine learning. But there are real opportunities for suppliers to help enterprises narrow those gaps and contribute materially to the ‘how’ of digital transformation, especially now that digital change is reaching deeper into business operations. However, it presupposes suppliers and buyers have a level of digital readiness - comfort bubbles need to be broken on both sides.
Download the Enterprise Software Supplier Prospects 2019 and Beyond report. If you’d like to know more about TechMarketView services, please contact dseth@techmarketview.com.
Posted by Angela Eager at '10:01' - Tagged: saas software AI machinelearning
There are significant parallels between this week’s news that Lloyds Banking Group has selected innovative tech start up Thought Machine as a core system provider (see: Lloyds set to go live with new cloud-based core) and the recent decision by BMW Financial Services (UK) to select InsurTech, start-up Wrisk as an insurance provider (see: Financial Services Market Trends and Forecasts to 2021). Both these developments highlight the increasing willingness of established financial services firms to work on mainstream initiatives with innovative, new providers. They also reflect the shifting powerbase within the financial services technology marketplace.
Technology choices are increasingly being based on where genuine innovation can be found and the potential business value that can be achieved, regardless of the established scale or longstanding industry heritage of the provider. TechMarketView clients, including UKHotViews Premium subscribers, can learn more in our HotViewsExtra article, just published (see: FS firms learn to dig the new breed).
Posted by Jon C Davies at '07:17' - Tagged: cloud insurance banking innovation FinTech
Two big bits of news out today from UK RPA player Blue Prism with the release of full year results and news that it intends to raise an additional £100m with a Stock Market placing.
Firstly, lets deal with the 2018 results - Group revenue increased 125% to £55.2m (£24.5m FY 2017) built on the back of continued strong sales and partner network growth. Monthly recurring revenue has doubled to £5.6m (FY17: £2.8m).
Blue Prism now has a customer base just shy of 1,000 organisations and signed 1,359 software deals in 2018 (FY17: 609), consisting of 528 new customers, 723 upsells across 310 customers and 108 renewals.
Blue Prism raised some £40m (also at FY results time) at the beginning of last year and has been investing a big chunk of this growing its global reach with new offices opened in Singapore, Hong Kong, France and Germany. The US operation is becoming particularly important to the business with revenue here increasing by 137% and over 1/3 of customers now located there.
TechMarketView clients, including UKHotViews Premium subscribers, can learn more in our HotViewsExtra article, just published: Blue Prism to raise £100m with market placing
Posted by Marc Hardwick at '09:36' - Tagged: results placing RPA blueprism
As predicted by TechMarketView in 2018 (see NEW RESEARCH: Financial Services Predictions 2019) it appears that the European regulators have indeed started to wave the “big stick” under the banner of GDPR. The news that Google has been fined the equivalent of £44m by the French data regulator CNIL seems to back up our theory that, after an initial period of grace, 2019 will be the year when the regulators get tough with organisations that have failed to fully comply with GDPR.
At the end of last year, we further speculated that a large financial services organisation might be the first to suffer the wrath of the data regulators (in part because banks and insurers are known to have deep pockets). It appears that our logic was sound, even if the first high profile, victim of a GDPR clampdown is in fact a technology player, with even deeper pockets.
As well as the tech giants, financial services firms remain an obvious target for any regulatory sanction. Both because of the vast amounts of client data they hold and because of their financial scale. These factors also make the industry a prime target for criminal activity and the threat of a data breach remains ever present.
TechMarketView clients, including UKHotViews Premium subscribers, can learn more in our HotViewsExtra article, just published: TechMarketView’s GDPR prediction comes to pass.
Posted by Jon C Davies at '06:45' - Tagged: regulation GDPR Enforcement
As we all know, UK tech indices recorded large falls in 2018 as stock markets around the world became more volatile due to global trade wars and economic uncertainties (see UKHotViews Extra – Share Indices for 2018). This led to a near 20% drop in the aggregate market capitalisation of UK software & IT services companies listed on the London Stock Exchange and a net reduction of three in that cohort.
You can see the detail in our annual analysis of UK listed tech stocks, IndustryViews Quoted Sector – 2018 Review, available for download now for subscribers to the TechMarketView Foundation Service.
Posted by HotViews Editor at '15:21'
The seventh annual ‘Evening with TechMarketView’ will take place on the 12 September 2019 at the Royal Institute of British Architects in London. We can’t wait to welcome more than 200 leaders from across the UK tech scene to the unmissable evening event, which includes a drinks reception, analyst and guest speaker presentations and a three-course dinner. And what better focus for the evening than our research theme for 2019 - The Year of the Relationship: Extend. Evolve. Optimise.
Our flagship annual event, the Evening with TechMarketView presents a range of benefits for sponsors too including:
· Thought leadership at the highest levels – the event attracts senior execs from across the tech scene
· Brand value across the sector – the event is promoted widely on UKHotViews & Twitter reaching more than 20,000 UK tech leaders
· Lead & partnership generation opportunities – engage directly with key individuals.
By early engagement, supporting organisations achieve maximum exposure through continuous promotion in UKHotViews and on social media. Our options also include generous ticket allocations and advertising packages.
For 2019, there are a range of sponsorship packages available including:
· DIAMOND (exclusive) - our lead sponsor, demonstrate thought leadership with the exclusive speaking slot at the beginning of the evening
· RUBY (two available) - our drinks reception and dinner sponsors, two high profile branding opportunities
· SAPPHIRE (multiple available) - perfect for anyone looking to raise their visibility
· LANYARD (one available) – designed to increase brand recognition in the tech space.
For more details on the event and associated sponsorship opportunities download a copy of the Sponsorship Brochure today or email Sarah Robinson in our Client Services team with any queries.
Posted by HotViews Editor at '09:00'
Yesterday saw the launch of the Tech Talent Charter’s inaugural report on gender diversity in tech atop the iconic Gherkin building in London. TechMarketView is proud to be one of the nearly 300 organisations large and small that have signed up to the Tech Talent Charter in its first year, undertaking to drive greater gender diversity in tech roles.
The Tech Talent Charter benchmarking analysis shows that signatories to the charter are more gender diverse than average with 26% of tech roles held by females, compared to the reported UK average of 19%. Interestingly, smaller businesses lead the way with micro businesses at 53% women, SMEs averaging 20-23% and larger companies at 19%.
In other words, as Tech Talent Charter CEO Debbie Forster MBE said yesterday, “there is no reason to think that a company is too small to think about diversity”. Indeed, genuine flexible working and a supportive culture have a strong role to play in making the tech workplace more appealing to women, and this is perhaps easier to achieve in smaller or newer businesses (including TechMarketView of course!). Larger organisations are making huge strides too though and it was great to hear practical examples yesterday from a mix of businesses about what they’ve done to improve recruitment, retention, returning and reskilling of women in tech roles.
TechMarketView subscription clients, including our growing band of UKHotViewsPremium subscribers, can read more in UKHotViewsExtra today here.
And everyone can download the Tech Talent Charter report or find out more about signing up to the charter to push for greater diversity in tech here.
Posted by Tola Sargeant at '10:04' - Tagged: diversity womenintech
A first UKHotViews piece from TechMarketView's new Research Director, Jon Davies
I am very excited to have joined TechMarketView and its respected team of analysts. As a long-time subscriber to the firm’s research, I recognise what fantastic support TechMarketView provides to both tech suppliers and tech buyers. As my predecessor Peter Roe starts his well-earned retirement, I’d like to thank him for keeping us all so well informed over the years.
We all know that the market for financial services technology has changed dramatically in recent years, and the UK landscape is set for even more radical transformation in the near future. It is my intention to shed even greater light on the shifting market dynamics that are impacting the sector, highlighting the opportunities for suppliers and the best strategic direction for banks, insurers and other providers.
In my short time with TechMarketView, I have already had the chance to engage with some of those in the vanguard of change (see Loot: The FinTech only your kids have heard of?). And, over the coming weeks and months, I aim to explore some of the major forces impacting the UK financial services industry. TechMarketView’s Predictions for the sector in 2019 (see Financial Services Predictions 2019) show major regulatory, economic, political and technological forces all coming into play. Particularly important areas included Open Banking - where I will examine what the most innovative players are doing to take advantage of the reforms - and AI/cognitive, where I will assess the key providers and key implementations/case studies. You can expect much more besides, including the key Market Trends & Forecasts and Supplier Landscape research.
I Iook forward to enjoying some stimulating conversations with you and finding out more about your own transformation journeys. You can contact me directly on jdavies@techmarketview.com.
Posted by Jon C Davies at '09:48' - Tagged: people financialservices insurance research banking
It is my absolute pleasure to announce that Jon Davies has joined TechMarketView to lead the Financial Services research programme.
Jon will be replacing Peter Roe who is stepping back to enjoy retirement and more time with his grandchildren and the golf course. We wish him well!
Jon joins us directly from DXC Technology where he held a variety of research, planning and strategy roles. He has spent much of his career working closely with financial services and technology leaders, and prior to DXC he worked in the business intelligence team of insurance firm, Sun Life.
In the short time he has been with us (five working days!), Jon has hit the ground running. He has an excellent network of established contacts across the industry but like the rest of us analysts will be spending plenty of time meeting both new faces and newcomers (see his piece today: Loot: The FinTech only your kids have heard of?).
The financial services sector has been through significant change in recent years and is set to experience even more radical transformation in the near future. Jon’s research programme will see him examine these shifting market dynamics, helping you to understand which technologies are producing the best outcomes and which suppliers are leading the way. He’ll be working with both buyers and technology providers to navigate these challenging times, providing research insight and strategic advice.
Jon is currently finalising his 2019 research agenda so I would encourage TechMarketView clients to be in touch with him to understand more about what can be expected.
You can contact him directly on jdavies@techmarketview.com
Welcome onboard, Jon!
Posted by Kate Hanaghan at '09:44' - Tagged: people financialservices research
Up and coming UK fintech Loot has capped a successful 2018 by attracting additional investment funding from RBS of £3m. RBS has provided the latest investment on behalf of its own digital banking start up Bo (scheduled for launch 2019). RBS has taken a 25% stake in Loot and to date its total stake in Loot stands at £5m.
Loot has so far attracted funding from another strategic partner, Canadian based Power Corporation, via their VC arm Portag3, whilst other investors are SpeedInvest and Global Founders Capital.
TechMarketView clients, including UKHotViews Premium subscribers, can learn more about developments at Loot and its future plans, in our HotViewsExtra article published today: Loot: The FinTech only your kids have heard of?
Posted by Jon C Davies at '09:40' - Tagged: banking
APPLY NOW ON THIS WEBFORM
We are delighted to announce that we will be running the third event in our TechMarketView Innovation Partner Programme series in March 2019 in association with Civica Innovation Partners, the new initiative announced today by Civica, the UK’s leading supplier of business-critical software, digital solutions and managed services to the public sector and regulated markets and among the fastest growing of its kind.
Launched in March 2018, the TechMarketView Innovation Partner Programme (TIPP) helps our leading enterprise technology clients find innovative technology partners.
Civica has a mission to use technology to deliver better services for its customers and the communities they serve. To enable this mission, Civica wants to work in partnership with innovative UK SMEs to develop compelling joint propositions that both create value for its customers and support growth of the UK technology sector.
One of just a few UK tech 'unicorns', Civica has established itself as a leading technology partner for organisations around the world, with a significant customer base and an enviable track record in providing the digital technology, cloud software and automation behind everyday services for over 100 million people.
Civica works with more than 3,000 major customers in 10 countries around the world, including national and local government organisations, health & care providers, social housing organisations and schools, as well as commercial enterprises. The Group’s software underpins critical services, supporting over two million professionals in their jobs and administering over £100 billion annually.
Civica is looking for partners with an innovative solution in areas of “machine intelligence”, including: Analytics; AI; Automation and Connected Devices. Civica is interested in solutions which have been developed for use in any sector; one of its goals is to work with you to see how the most innovative technology being used in the private sector can be applied to solve the challenges faced by its public sector customers.
If you are selected as a Civica Innovation Partner, you will have the opportunity to work with Civica's business development teams to create joint propositions to offer to its extensive public sector customer base. You will also benefit from technical support from Civica’s technology community of over 1,500 people and from marketing support for future collaborations. Please note that Civica is not looking to provide cash funding or to take equity in your business as part of this programme.
You should be the founder or CEO/MD of a privately-held, UK tech company with revenues of less than £10m p.a. with an innovative solution in areas of “machine intelligence”, including: Analytics; AI; Automation and Connected Devices. At a minimum, your technology solution must have been successfully deployed to at least one customer and is now ready to scale. Civica is interested in solutions currently in use in any sector.
For the chance to be selected as a Civica Innovation Partner, you should apply to attend a Pre-Qualification Session (PQS) at Civica's offices in Southbank, London in March 2019. Shortlisted businesses will be invited to pitch their plans to representatives from Civica and TechMarketView. Civica will then work with successful candidates to develop propositions and a full commercial partnership.
Applications must be submitted on this webform by Friday 8th February 2019. Applicants will be notified if their application has been successful by Friday 22nd February. There is no charge to apply for or, if accepted, participate in a PQS.
You can find more information about the TechMarketView Innovation Partner Programme along with Frequently Asked Questions on the TechMarketView website INSERT LINK and further information about Civica on its website. For further information please email tipp@techmarketview.com or call TechMarketView Managing Partner Anthony Miller on 020 3002 8463.
Posted by HotViews Editor at '08:00'
In case you missed it, TechMarketView’s 2019 Predictions Compendium consolidates our predictions for the current year (and beyond) and elaborates on our research theme for 2019, The Year of the Relationship.
In the report, which is available to all TechMarketView research clients, you’ll find our Predictions for Public Sector, the Financial Services sector, Cyber, Infrastructure Services, Application Services, Business Process Services, and Enterprise Software.
Expect far more research touching on these Predictions and The Year of the Relationship in the months ahead. In the meantime, the 2019 Predictions Compendium is available here: The Year of the Relationship: Predictions Compendium 2019.
For further information, please contact our Client Services team (info@techmarketview.com).
Posted by HotViews Editor at '09:45' - Tagged: AI
