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Alex Hillsberg

Alex Hillsberg is a senior business & finance analyst and a prominent expert specializing in the fin-tech and cloud technology in the FinancesOnline news team. He's been writing high-quality content for our platform since 2013. He holds a MA in economics and earned his BA in journalism studies. He has a keen interest in venture capital investments, especially in the fintech and B2B sectors. His work has been published, among others, by Wired, The Independent, Techonomy, and IndustryWeek.

Automation Can Ease Inflation Impact on Small Business

Small and medium-sized businesses continue to face headwinds due to inflation. A new survey from JP Morgan Chase reveals that 45% of small businesses think inflation is their top challenge, up from 20% the previous year. On the other hand, nearly all (91%) of midsized businesses said they’re experiencing inflation challenges. To adapt to current […]

Fitness Apps to Get Boost as People Make New Year Fitness Goals

Demand for fitness apps is projected to reach $7.03 billion by 2029, sustaining its market momentum since its 46% growth worldwide amid the strict COVID-19 lockdowns in 2020. This, as gyms and fitness businesses leverage club management software and other ways to mitigate a growing exercise-at-home trend driven by fitness apps. At the height of […]

Why Marketing Automation Should Be in Your 2023 Small Business Marketing Strategies

As 2022 comes to a close, economists and investors forecast a global economic slowdown in 2023. While top United States-based CEOs prepare for a possible recession, small businesses are thinking about their prospects next year. A recent survey of US SMBs indicates that business owners plan to focus on their customer base amid gloomy market predictions. When […]

Can Freelance Platforms Address Small Business Labor Shortage?

While CEOs are preparing for a possible recession, small business owners are not seeing signs of a slowdown due to the tight labor market. A recent survey from The National Federation of Independent Business (NFIB) showed that 44% of small business owners reported job openings that were hard to fill. On the other hand, the […]

Go Data-Driven Spend Management for Possible 2023 Recession

Despite more than $35 billion in revenues during Thanksgiving weekend, corporate America is still preparing for a possible recession in 2023. In a recent interview with CNBC, CEOs from top companies, including General Motors, JP Morgan, and Walmart, talked about interest rates, inflation levels, and geopolitics. Based on the interviews, most CEOs are putting out […]

Inventory Management Software Market Restrained by Low Adoption

Managing inventory is a crucial practice in retail and ecommerce industries more so than ever. After all, when COVID-19 left everyone to their own devices at home, people from all over the world trooped to online stores for retail therapy. This trend is still ongoing even though the threat of the pandemic has tapered off. […]

Digital Asset Management Software Market Gears Up for Growth, Thanks to Bigger Content Marketing Budgets Next Year

In today’s digital age, a wide variety of assets are used for content, from images and videos to documents and presentations. To organize these files, businesses leverage a system designed to centralize, update, upgrade, and optimize various media assets—digital asset management (DAM) software. DAM solutions create a single source of truth for stored assets and […]

IT Security Software Update Recommended to Avoid Cyber Monday Attacks

As the biggest shopping day in the United States, Cyber Monday delivers some of the best deals and the biggest shopping binges all year. In fact, the 2022 incarnation is expected to drive $11.2 billion in spending, representing 5.1% year-over-year growth. This outpaces the projections for Black Friday sales, which are set to only increase […]

Restaurant Management Software Sees Market Uptick as People Dine Out Again

As food establishments continue to recover from the impact of COVID-19, restaurateurs have turned to modern technology for help in running brick-and-mortar and online operations. Among the foremost applications being adopted are restaurant management systems, which provide end-to-end solutions. A report by UnivDatos shows the global restaurant management software market size expanding annually by 16% […]

Content Governance and System Security Emerge as Top Content Management Software Use Cases

Content plays a vital role in marketing and communications and has helped organizations increase conversions and generate more leads since time immemorial. In his 1996 essay, Microsoft founder Bill Gates mentioned that “content is king,” a statement that still holds true nearly three decades after, when most marketing initiatives have been digitized. Today, content management […]

Hotel Management Software Market Growth Hampered by Digital Transformation Issues

The hotel industry is among the hardest hit markets by COVID-19. At the height of the pandemic, occupancy rates nearly flatlined and the collective revenue per available room was abysmal. By 2022, when the threat of COVID-19 was significantly reduced, the industry found itself on a steady path to recovery, with revenue at the end […]

SaaS Overpayment for Collaboration Software Hounds Market Growth

Remote collaborations have been in demand since the onset of COVID-19 and continue to be highly relevant even as employees have started to return to the office. Collaboration software vendors know this for a fact, made evident by the price increases they implemented over the past few years. Research from Vertice found that 80% of […]

Businesses Turn to Low Code Platforms Following High Digital Transformation Failure Rate

The COVID-19 pandemic disrupted industries and then forced companies to evolve to become digital businesses. According to a report by Caspio and Forrester, this led to almost 80% of organizations struggling during the pandemic. Organizations had to pursue and accelerate digital transformations for them to stay afloat in an ecosystem dominated by remote work. After […]

Time Tracking Software Market Size Propelled by Hybrid Work but Adoption Remains Low

Time tracking plays a pivotal role in business operations, as organizations leverage time clocks, clock card machines, and digital attendance machines to record the arrival and working hours of employees. With the fallout from COVID-19 forcing office workers to work remotely, companies have turned to time tracking software to monitor employee attendance. Bearing more functionalities […]

Cybersecurity Software Market Expands as Cost of Cybercrime Grows

There has always been a pressing need for cybersecurity as the frequency and cost of cyberattacks have been perpetually increasing, especially at the height of COVID-19. Now, the demand for cybersecurity persists as the globe reels from a collective economic downturn and stock market meltdown. In fact, a report by Statista, which compiled statistics from […]

Marketing Automation Software Market Anticipates Biggest Growth from APAC Region

For an enterprise, highly efficient workflows translate to speedier operations, more satisfied customers, and potentially more significant sales. Marketing automation software platforms make this possible as these enable users to map out operational processes and customer journeys, with many of the activities automatically executed. As such, the demand for these tools remains high even though […]

Cloud Spending Increases by Over $11B in Q3 2022; Google Gains Ground

Following a strong second quarter, the cloud software and infrastructure market sustained its momentum in the third quarter of 2022. A new report from Synergy Research Group found that cloud spending for the quarter amounted to $57.5 billion, up by more than $11 billion and representing 24% growth year-over-year. This is a remarkable feat considering […]

HR Software Market Boosted by Strong US Labor Market

HR tech solutions have proven to be resilient as they continued to grow despite the onset of the COVID-19 pandemic and are flourishing amid today’s high inflation. In a new report by Technavio, the HR software market size is projected to rise by $11.17 billion from 2021 to 2026 at an annual growth rate of […]

Restaurant POS Software Market Fueled by Digitalization but Hampered by Inflation

The COVID-19 pandemic may have brought tumultuous times to the restaurant industry, but it also carved out a path for technology to immensely improve the operations of food businesses. At the height of the pandemic, United States establishments lost sales amounting to $280 billion and ended up letting go of more than 8 million hospitality […]

AI Writing Software Getting Popular among Marketers

Artificial intelligence (AI) has made inroads into today’s marketing process and has revolutionized many workflows. And so, the value of AI in marketing is poised to climb from $6.94 billion in 2021 to $47.8 billion by 2030 at a staggering annual growth rate of 28.6%. A large part of this growth can be credited to […]

Cloud Spending Up in Q2 2022 But Businesses Are Now Cutting Back on Cloud Solutions

During the onset of the pandemic, the fear of COVID-19 transmission and physical distancing protocols sparked a wave of digital transformations that swept enterprises worldwide. Many of these transformations involved migrating information to the cloud, leading to a progressive increase in cloud spending. A report from Canalys revealed that global spending on cloud infrastructure in […]

CPaaS Providers Can Ride on Strong Demand for Telemedicine Services

Cloud-based technology is becoming the business standard for organizations. From SaaS to PaaS, businesses are choosing cloud services for flexibility, scalability, and cost efficiency. That’s why Communications Platform as a Service (CPaaS) providers should strike while the iron is hot and reap the benefits of this shift to cloud technology, particularly in the healthcare industry. […]

Bullish Corporate LMS Software Market Forecast Driven by Personalized Training Demand

The global job market has been surging despite high inflation and the ongoing supply chain crisis, as all major world regions reported an increase in the intent to hire new talent. A strong job market pushes the demand for training and development initiatives, which in turn, drives the demand for learning management systems (LMS). This […]

Collaboration Software Market to See More Growth Despite Post COVID Lockdown Dip

While the business landscape continues to leverage a remote or hybrid working model, there will always be a demand for collaboration software. This is made evident by a new report from The Brainy Insights, which shows the collaboration software market size increasing from $18.9 billion in 2021 to $56.14 billion by 2030 at an annual […]

CRM Software Market Gets a Boost from Banking, Financial Services

As one of the most used SaaS solutions globally, CRM software is becoming a necessity in today’s business landscape. A new report by Market Research Future estimates the CRM software market size expanding by $114.6 billion from 2022 to 2030 at an annual growth rate of 12.10%. With companies like Salesforce, Oracle, and Hubspot innovating […]

Project Management Software Market to See Fastest Growth in South Asia & Pacific

Amid today’s period of high inflation, the project management software market continues to thrive worldwide and none faster than in India and the Pacific. In a report by Future Market Insights, it was revealed that the global market is anticipated to increase from 5.9 billion in 2022 to $20.4 billion by 2032 at an annual […]

Key Accounting Software Integrations Present Solutions to Small Business Construction Woes

Although many of Xero’s new offerings are designed for various markets, the construction industry comes as a primary beneficiary. After all, the industry is critical to economies as it accounts for about 12% of the global GDP, which is slated to progressively increase each year, given the high volume of urban development projects worldwide. However, […]

Excessive Meetings Cost Companies Over $1M Per Year

Employees often joke that a lot of the meetings they attend could have been done through email instead of an hours-long video conferencing affair. A new study by software company Otter.ai shows that they’re on to something. It was discovered that companies with a workforce of around 100 could save about $2.5 million annually if […]

US Consumers Gaining Confidence in Economy

The United States is still plagued with high inflation (8.3%) but the country’s consumers are feeling less pessimistic about the economy. This goes amid the Federal Reserve’s recent 0.75% hike in the benchmark interest rate to counter inflation. In a report by The Conference Board, it was revealed that the country’s Consumer Confidence Index rose […]

Walmart Releases Virtual Experiences on Roblox as Metaverse Testing Ground

Walmart barges into the metaverse by releasing two immersive experiences on the gaming platform Roblox. Walmart Land is centered on fashion, beauty, and entertainment and offers mini-games, challenges, and live events like concerts. Meanwhile, Universe of Play revolves around immersive games, toys, and fun challenges. Both games are targeted toward younger shoppers and gamers but […]

NVIDIA Steps Up AI Game with New Models and Cloud Services

With the metaverse in development and the growing popularity of mixed reality, Nvidia developed GET3D, a new artificial intelligence model for 3D worlds and sprites. The model can create 3D characters, animals, furnishings, structures, vehicles, and various shapes at a rate of 20 objects per second with a single GPU. Nvidia also introduced a couple […]

Microsoft Execs Hit Employee Monitoring, a Microsoft Teams Feature in 2024

There is currently a debate regarding the effects of employee monitoring. On one hand, the activity somewhat ensures that members of the workforce are truly working on their tasks. On the other, it can adversely affect employee morale. Oddly, Microsoft finds itself on both sides of the argument. While Microsoft Teams carries implied employee tracking features, […]

How the Latest Windows 11 Update Can Enhance Business Productivity and Collaborations

Microsoft recently released a major Windows 11 update, referred to as the 22H2 update, that delivers new features for today’s hybrid working models. Released in 190 countries, the latest update comes with a set of productivity tools, accessibility features, upgraded security, and content creator functionalities. It also makes some of the operating system’s basic functions […]

US Workers Slash Savings, Struggle with Financial Concerns Amid Inflation

Inflation and fears of entering a recession have taken their toll on America’s workforce. Based on a new survey by Morgan Stanley, 62% of employees have decreased their contributions to savings. In addition, 31% slashed their contributions to their 401 (k) plans, 26% cut back on paying debts, and 25% reduced their contributions to long-term […]

Salesforce Unveils Genie, Flow for Industries and New Amazon Integrations

Salesforce has been busy upgrading the technology for and surrounding its industry-leading CRM platform. The SaaS giant’s latest innovation is a customer data platform (CDP) that unifies data across multiple apps and channels. Introduced at the Dreamforce 2022 conference, Salesforce Genie is designed to process large volumes of data streams and transactional information in real-time. […]

More Employees Return to Office Post-Labor Day but Hybrid Work Remains Popular

Microsoft Users Face Security Concerns over Teams and Edge’s Spellchecker

Microsoft has built a favorable reputation in terms of security but sometimes vulnerabilities manage to slip through the cracks. Two reports regarding Microsoft Teams and Microsoft Edge recently conveyed that the applications’ users may be at risk. For Teams, its on-premise desktop version’s means of authentication makes it vulnerable to cyberattacks and data breaches. Meanwhile, […]

Oracle Seeks to Unseat Salesforce as CRM King

Salesforce has a huge target on its back as the global CRM software leader. With a 23.8% market share in 2021, the company has repeatedly staved off the competition for years. However, its latest challenger appears to have an edge in regard to the technology it leverages. Oracle is geared to release Fusion Sales, a […]

Canva Vastly Expands Toolset to Enter Workspace App Market

Canva is scaling up its offerings as it evolves from an online graphic design tool to a developer of workspace apps. In its recently concluded Create Canva event, the company announced that it’s launching a series of new products for its new Visual Worksuite. The range of offerings includes Canva Docs, Canva Whiteboards, Canva Presentations, […]

Zoom New Features on Head-on Collision with Google and Microsoft

After a less-than-impressive second quarter, Zoom looks to evolve as a brand and business platform. It intends to go beyond offering video conferencing and instant messaging solutions. The company recently reported that it plans to turn its instant messaging functionality into a collaboration hub. And more recently, Zoom intends to develop email and calendar tools, […]

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Alex Hillsberg

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