A Memorable Experience at Collision Conference 2023

After all the arrangements and anticipation, it was time for my trip to #Toronto for the 2nd Annual #Tech #Startup #Collision Conference.

We all know how air travel can sometimes be problematic and hinder our travel experience. This trip was different. I have flown many airlines, but this was my first flight with #WestJet. The first part of my trip began in Los Angeles and ended in Calgary. The flight was quite pleasant and seemed faster than I expected. The process to enter Canada was extremely quick and easy. After my layover, it was back on a plane to Toronto. Once again, my flight was just as enjoyable as the first one.

My colleague picked me up at the airport and we drove to Niagara. The last time I visited #Niagara Falls and Toronto was when I was 4 or 5 years old. Seeing the Falls conjured up some vague memories I have from my previous experience. It was quite a spectacular sight.

After a long drive through heavy rain and traffic, we arrived at my colleague’s home. I met his lovely wife and 2 son’s. They could not have been more gracious hosts and made me feel very welcome.

The next day, we drove into the city of Toronto to attend the “Collision Conference”. It was held at the #Enercare Centre.
After arriving, we checked in and received our badges. We then proceeded to our assigned booth and set up our materials. Soon after, the doors opened to the attendees and our day of introducing our software began.

We spoke to many people and demonstrated how our #Web3 platform can help any size organization build their own #ecosystem, avoid subscribing to multiple platforms and save them a great deal of money. We also shared our many useful functions and how our self contained software can allow them to collaborate internally and externally.

Before our demonstrations, people were not exactly sure of the capabilities of our software. They have never seen anything like it before. The simple truth is… there is nothing comparable.

After seeing a demo, people started to understand our software and realized the tremendous benefits, value and potential it can bring to their organization. We were very well received and the enthusiasm was overwhelming.

“Collision” turned out to be a fantastic experience and we are already looking forward to next year’s event.

Visit idhubs.com for more information and learn how your organization can build it’s own ecosystem.
#Blogs

Over the turbulent past decade, many legacy software players proved to be remarkably resilient. Now they must adopt a new strategic playbook to weather the different challenges ahead. For the past ten years, the rise of software as a service (SaaS) has reshaped the enterprise-software industry. During that period, the disruptors that pioneered the model and the incumbents that transitioned to it created tremendous shareholder value. Between 2011 and 2018, the global software industry’s market cap grew at twice the rate of the overall market. Yet that growth came with a cost: industry profitability tumbled, falling by half over the decade. The next ten years will not be any less tumultuous. As SaaS matures, the customer’s expectations around ease of use and ease of doing business will continue to rise. Platforms as a service (PaaS) from the Big Three cloud vendors (Amazon Web Services, Google Cloud, and Microsoft Azure) are gaining share and commoditizing software. And with financial markets reeling from the COVID-19 pandemic, investors are looking more closely at bottom-line health. Addressing these demands will require software vendors to adopt a new playbook. Success will take a renewed strategic focus, a willingness to expand “as-a-service” offerings beyond subscription pricing, and a greater emphasis on profitable growth (see the sidebar, “Software’s new playbook”). Customers want SaaS products and an SaaS experience SaaS has become the default software-delivery model—and at breakneck speed (Exhibit 1). In 2010, SaaS offerings commanded just 6 percent of enterprise-software revenues. By 2018, that share had grown to 29 percent, or $150 billion globally. Yet that figure understates the true size of the market. When revenues from companies still transitioning to SaaS are counted, the total as-a-service share rises to 75 percent of all enterprise-software revenues, or more than $380 billion. Those numbers mean that companies with no SaaS offerings now represent only one-quarter of total industry revenues. In a sign of the market’s maturity, late adopters have come on board. More than one-fifth of all government software spending now goes to SaaS. Even categories such as CAD, whose highly expert customer base would normally resist sweeping product changes, are making the transition. Vendors that have not yet begun their SaaS transformation must do so now. The “next normal” established during the COVID-19 pandemic will accelerate the footprint of SaaS, given the growth of remote working, the rapid deployment of digital solutions, and the lower up-front costs. To succeed with SaaS, however, vendors must do more than offer a subscription-pricing model on a product hosted in the cloud. They need to match the streamlined, customer-friendly as-a-service product-delivery experience with a similarly streamlined and customer-friendly end-to-end journey. Right now, the customer experience of many SaaS vendors often feels disjointed. All too frequently, for instance, legacy billing processes and order forms riddled with confusing product terminology make it hard for customers to know what they’re paying for. Leading players address these inconsistencies by evaluating the whole business in the as-a-service context and redesigning core processes to make them more intuitive and responsive. Source - mckinsey #nextgenerationSAAS #collaboration #systeminfrastructure