'Over the next three to five years, the growth of on-demand software will recast the vendor landscape and the relative power positions of today's software providers,' said Bill McBeath, chief research officer at ChainLink.
'This is not an isolated trend, but a fundamental, market-altering shift in how software is developed, bought, delivered and used,' McBeath said.
In response to a ChainLink survey that queried major shipping firms, John Gurrad, vice president, business planning and e-commerce for Mitsui O.S.K. Lines (MOL), noted MOL's internal information technology resources were finite and consumed with a large backlog of projects.
'An on-demand approach was the only way to maintain our competitive edge,' Gurrad said. 'We're not in the software business. We run ships. It was a better decision to bring in an expert to build and operate this technology for us.'
ChainLink's survey 'was internally funded, not by any software vendor, so we have no axe to grind vis-'-vis the success or failure of on-demand software,' McBeath said.
'We ran economic models that show on-demand software reduces the total cost of enterprise software by over 50 percent. Many traditional software vendors, such as SAP and Oracle, have not realized yet how much of a threat this is to them,' he explained. 'So, we believe this is a 'disruptive' technology that not only makes software less expensive, but has the potential to shake up the whole industry.'
For more information, see https://www.chainlinkresearch.com.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now