Last year was no fun for anyone, but this Hinge survey confirms that the tech industry suffered less than most. In fact, almost as many tech professional service firms reported that COVID helped their business (37%) as hurt it (42%). Tech was also the fastest-growing sector in the report, at 18%. Much more here on what distinguished high growth firms from the rest.
We haven’t had much product news so far this year, Dear Reader, so I’m glad to report that Informatica has launched a SaaS version of its Customer 360 Master Data Management platform. The system includes data integration, data quality, process orchestration, and reference data management. Informatica’s CDP is a separate product, Customer 360 Insights.
RFP automation vendor Loopio reports that RFP volume grew slightly last year, from 147 in 2019 to 150 in 2020, even though RFPs accounted for just 35% of revenue, down from 41%. You may be surprised to learn that software sellers receive fewer RFPs than hardware and most other industries. Download for oodles more detail. Yes, oodles.
The U.S. Senate has passed a bill that could potentially ban TikTok in the U.S. if its Chinese owner, ByteDance, does not sell its holdings within a year. The bill now goes to the President Biden, who has said he will sign it. Court challenges are likely to follow.