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Snow Software Research Finds Workers Go Around IT Just So They Can Do Their Job

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Both the youngest and the most influential employees are emotionally
invested in work applications, highlighting why organizations must
change their approach to technology

STOCKHOLM & AUSTIN, Texas–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/ITAssetManagement?src=hash” target=”_blank”gt;#ITAssetManagementlt;/agt;–The majority of global workers are going rogue with work devices,
software and applications despite being aware of the potential business
risks involved, according to new research released by Snow
Software
, the global leader in technology intelligence solutions.
The study, which polled 3,000 professionals in the United States, Europe
and Asia Pacific, finds stark
contrasts between the mindset of today’s workers and the priorities of
IT leaders.
This rift was especially notable in younger employees,
who represent the future of the workforce. In fact, millennials
are almost twice as likely to go behind IT’s back
compared to older
workers, with 81% admitting they have used or accessed something on
their work device without permission versus just 51% of baby boomers who
have done the same.

“There is a tectonic shift happening in the enterprise, driven by a
rapid move to the cloud and nearly unlimited access to technology,” said
Vishal Rao, President & Chief Executive Officer at Snow. “Part of what
we see in this data is a philosophical evolution in what the future of
work looks like. The CIO and their teams are now strategic business
partners with the power to fundamentally change their organizations.
That new role requires empowering a new generation of employees and
enabling the business to be as effective as possible while also
balancing financial, regulatory and compliance risks.”

When it comes to unsanctioned device behavior, many workers are breaking
the rules in an effort to get their job done – 41% of global employees
report using professional software or applications on their work device
without IT’s permission. That makes it the second most common
infraction, behind the 46% who access personal documents but ahead of
other popular personal content like apps, music, videos and photos. When
asked about the impact of needing IT’s permission to get software or
applications to do their job, 40% of workers reported that they feel
watched, 32% said that it slowed them down and impacted deadlines, 27%
said it was frustrating and 26% felt it negatively impacted productivity.

As one manager put it, while it wasn’t the case for them, needing IT’s
permission to get work software and applications “would definitely make
me feel all of the above. I would also feel that the business was
micromanaged, that they didn’t really respect or appreciate their
associates and that they need to get up to speed with the direction that
businesses are moving in.”

Additional key findings include:

  • When it came to generational differences in work device behavior, the
    biggest disparity was in software and applications – in the millennial
    age group, 47% reported accessing work apps and 46% admitted to
    accessing personal apps on their work device without permission,
    compared to just 22% and 18% of boomers respectively.
  • Younger workers are exponentially more emotional when they do ask for
    permission to acquire software or applications. Compared to baby
    boomers, millennials are nearly five times more likely to be nervous
    (24% vs 5%) and over four times more likely to feel it is beneath them
    (22% vs 5%).
  • In general, management-level employees (manager, director, vice
    president or executive) were almost twice as likely to use
    unauthorized professional or personal software and applications
    compared to individual contributors (entry-level, associate or
    specialist).
  • Vice presidents and C-level executives led the way in using work apps
    (57%) and personal apps (51%) on their work device without permission.
  • There is a disconnect between workers’ behavior and understanding the
    business risks of unsanctioned and unmanaged technology. For example,
    just 7% of executives said they don’t think it causes any business
    issues, yet 57% have engaged in that exact behavior by downloading
    work applications and software without IT’s permission. And even
    though entry-level employees are the best behaved, with only 25%
    downloading work software or applications without permission, they
    were also most likely to think that doing so doesn’t have any negative
    impact on the business.

These findings further validate the challenges organizations face as
digitally-native employees and business unit leaders – not IT
gatekeepers – increasingly drive the investment and consumption of
software, applications and services. Today’s businesses and institutions
need to understand what is in their technology landscape as well as how
it is being used. But the real opportunity lies in using those insights
to maximize value and drive better outcomes. This evolution was the
driving force behind Snow’s newly expanded mission: to provide complete
insight and manageability across all technology.

“In an era defined by digital transformation, we are focused on helping
the enterprise face some of their biggest challenges,” said Vishal Rao,
President & CEO of Snow. “The market has shifted away from niche point
solutions that each manage a different part of your cloud, software and
hardware. Our focus is on providing a single platform that goes beyond
discovering assets to driving action. From the Fortune 100 to federal
agencies, from Stockholm to San Francisco to Sydney, we are helping the
world’s most impactful organizations gain complete technology
intelligence.”

Underlying Snow’s mission is a foundation of customer-centricity,
highlighted by the recent appointment of Richard Anderson as the
industry’s first Chief Customer Officer
. End-users themselves
recognized the company as a 2019
Gartner Peer Insights Customer’s Choice for Software Asset Management
.
Analysts also named Snow a Leader in the 2019
Gartner Magic Quadrant for Software Asset Management
for the second
year in a row, placing it furthest to the right for completeness of
vision.

About Snow Software
Snow Software is the global leader in
technology intelligence solutions, ensuring the trillions spent on all
forms of technology is optimized to drive maximum value. More than 4,000
organizations around the world rely on Snow’s platform to provide
complete visibility, optimize usage and spend, and minimize regulatory
risk. Headquartered in Stockholm, Snow has more local offices and
regional support centers than any other software asset and cloud
management provider, delivering unparalleled results to our customers
and partners. To find out more about Snow Software, visit www.snowsoftware.com.

For the latest information about Snow, please visit:

Web: www.snowsoftware.com
Twitter:
@snowsoftware

Contacts

Julie Neumann
Snow Software
julie.neumann@snowsoftware.com
+1
615 498 9650

Cannabis

Oppenheimer & Co. To Host 19th Annual Consumer Growth and E-Commerce Conference

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Oppenheimer & Co. Inc. (“Oppenheimer”) – a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – will host its 19th Annual Consumer Growth and E-Commerce Conference on June 18-19 in Boston, MA. This year’s event features companies from prominent consumer brands such as Autozone, Domino’s Pizza, Express, Home Depot, Lowe’s, Six Flags Theme Parks, Tiffany & Company, Ulta, Walmart, Weight Watchers, and Yum Brands.

Of particular note, Oppenheimer is pleased to host nine of the market-leading companies involved with emerging trends in the Cannabis space this year. The event will also feature seven panel discussions, moderated by Oppenheimer Consumer Research Analysts, addressing emerging and disruptive trends in the consumer marketplace as follows:

  • Evolving Role of Technology in the Consumer Sector with Cooler Screens and Lindsay Goldberg LLC, moderated by Brian Nagel
  • A Discussion with Emerging Restaurant Brands with Aurify and B. Good, moderated by Brian Bittner
  • A Discussion on the Evolving US Food & Beverage Landscape with Lifeway, New Age Beverage, and United Natural Foods, moderated by Rupesh Parikh
  • Next Gen Brands Re-Shaping Landscape for Women’s Fashion with CARAA and Rothy’s, moderated by Brian Nagel
  • Exciting New Brands Shaking Up Home Products Space with Burkelman, LoveSac and Resident/Nectar, moderated by Brian Nagel
  • A Discussion on the Emerging CBD Landscape with Curaleaf and CV Sciences, moderated by Rupesh Parikh
  • Leveraging the Power of Digital to Connect with Consumers with Eight and FlexShopper, moderated by Brian Nagel

The conference features Oppenheimer’s Consumer Senior Research Analysts:

  • Brian Bittner, Managing Director Senior Analyst covering Restaurants
  • Brian Nagel, Managing Director and Senior Analyst covering Retail and E-Commerce
  • Rupesh Parikh, Managing Director and Senior Analyst covering Food, Grocery and Consumer Products
  • Ian Zaffino, Managing Director and Senior Analyst covering event-driven Special Situations

“Long-established business models are being upended by disruptive brands and technology, affecting consumer preferences and buying behaviors throughout the consumer industry. This year’s event aims to showcase the mix of market-leading and emerging companies driving and navigating these changes,” said Erica L. Moffett, Managing Director and Associate Director of Research at Oppenheimer. “From effortless payment methods to accelerated delivery times and customized products, consumers want a seamless experience. In order to succeed, companies must stay current on the evolving consumer and we are pleased to host a conference to explore this new landscape.”

Oppenheimer’s next conference will be the Montauk Emerging Life Sciences Summit, which will be held on June 26-28in Montauk, NY. The 22nd Annual Technology, Internet & Communications Conference will follow on August 6-7 in Boston, MA, followed by the Midwest Corporate Access Day in Chicago on August 15.

Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.

SOURCE Oppenheimer & Co. Inc.

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Cannabis

iCAN: Israel-Cannabis CEO and Founder Saul Kaye to Participate at the World Cannabis Congress in Saint John, New Brunswick

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iCAN: Israel Cannabis Founder and CEO Saul Kaye will participate at the World Cannabis Conference being held in Saint John, New Brunswick, Canada from June 16-18, 2019.

Kaye, a leader in the global cannabis ecosystem will moderate a session entitled, “Innovative Methodologies and Emerging Topics in Global Cannabis Research.”  Panelists are Dr. Suzanne Sisley MD President and Principal Investigator, Scottsdale Research Institute and, Dr. Jerry King, R&D Consultant, CFS.  The session will take place at the Saint John Trade & Convention Centre on June 18.

The World Cannabis Congress (WCC) is an exclusive, invite-only event for international cannabis leaders, influencers and trend setters. The event will have hundreds of attendees from around the world from business, government and medicine.

In addition to his leadership of iCAN: Israel Cannabis, Kaye is an industry advisor to the Medical Cannabis Caucus of the Israeli Parliament, as well as an advisor to the Ministries of Economy and Health in Israel. He is a licensed pharmacist and a successful entrepreneur with both retail and e-commerce experience. Saul has founded multiple companies spanning six countries across the US, EuropeIsrael and Australia.

Canada has truly been a global trailblazer in the cannabis industry.  Canadian cannabis companies and its stock market are influential and forward looking and we in Israel, the R&D capital of cannabis, collaborate with our Canadian friends on many different levels.  I look forward to participating at the WCC as the medicine and business of cannabis develops at breathtaking speed both in Israel and beyond,” said Kaye.

 

SOURCE iCAN: Israel Cannabis

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Cannabis

Loyalist College to launch Canada’s first Technology Access Centre for natural products and cannabis

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Loyalist College is the recipient of a $1,750,000 Natural Sciences and Engineering Research Council of Canada (NSERC) College and Community Innovation (CCI) Program grant over five years to launch Canada’s first Technology Access Centre (TAC) for natural products and cannabis. In addition, Loyalist received $1Mthrough the Canada Foundation for Innovation’s (CFI) College-Industry Innovation Fund (CIIF) to add specialized equipment to the TAC.

Loyalist was one of 90 recipients at colleges, cégeps and polytechnics across the country to receive part of the $73M in funding, announced today by the Honourable Kirsty Duncan, Minister of Science and Sport, at Georgian College in Barrie, Ontario. Through the CCI Program and the CIIF, this investment will help post-secondary institutions partner directly with local employers to facilitate commercialization and transform the results of research and development into new technologies to help businesses expand and grow.

The rapid growth of Canada’s cannabis, hops and natural products sectors positions Loyalist’s Applied Research Centre for Natural Products and Medical Cannabis (ARC) as a national innovation hub for small- to medium-sized enterprises. As a TAC, Loyalist will build on the ARC’s 15 years of natural product extraction expertise and analysis-based applied research. In transitioning to a TAC, Loyalist’s ARC will significantly increase the College’s capacity to lead applied research of commercially relevant natural products and cannabis, and to support innovation by enhancing industries’ access to sector-relevant expertise and technology.

The TAC initiative will cultivate an environment for College-industry partnerships to thrive while providing students with unparalleled opportunities for work-integrated learning; investigating extraction, isolation, and formulation; and product development. In partnership with the Quinte Economic Development Commission (QEDC), Loyalist will support the Bay of Quinte’s burgeoning natural products and cannabis sectors to generate regional socioeconomic benefits, and to provide opportunities for a new generation of innovators. Loyalist will also offer companies across Canada a supportive, community-oriented platform from which to enhance their productivity, expand their reach and augment their competitiveness in the global market.

Quotes

“We are very grateful for NSERC’s continued support and proud to be Canada’s first TAC for natural products and cannabis. Loyalist currently has more than 25 companies interested in applied research, and as our ARC transitions into a TAC, we will be able to meet their requirements while significantly extending our network to help more companies to innovate. Our Biosciences and Cannabis Applied Science students will have the advantage of being involved in ground-breaking research that propels Canada forward as the world leader in cannabis and natural product developments.” – Dr. Ann Marie Vaughan, Loyalist College President & CEO

“It’s great to see this NSERC and CFI funding come through for Loyalist College’s launch of Canada’s first TAC for research in natural products and cannabis. Being able to conduct research in a state-of-the-art facility means that students working in the College’s ARC will be able to build up their expertise in product analysis; which can then be applied directly to commercial development. This is just the beginning of seeing a new series of natural products being designed, assessed, made and delivered from our region.” – Neil R. Ellis, Member of Parliament for Bay of Quinte

“I am so proud to see the innovation that is driving research and economic development in our rural community through Loyalist College’s ARC. Innovation is key to Rural Sustainability and this investment will ensure that we are training the next generation in the latest technological advances. I congratulate them on their NSERC and CFI grant, and wish them all the best of success.” – Mike Bossio, Member of Parliament for Hastings—Lennox and Addington

“The Quinte Economic Development Commission is proud to be a supporting partner with Loyalist College on this important initiative that is aligned with economic development opportunities and priorities in the region. The TAC will support industry research and innovation for companies in key industry sectors as well as helping students develop in-demand skills and experience. Congratulations to the team at Loyalist on launching this important project.” – Chris King, Chief Executive Officer, Quinte Economic Development Commission

 

SOURCE Loyalist College

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