Olive Technologies publishes a report on IT acquisition trends

The report analyzes over 700 real-world RFPs to provide unbiased information to IT decision-makers

VANCOUVER, B.C, May 30, 2024 /PRNewswire/ — Olive Technologies, leader in IT acquisition RFP solutions, today released a comprehensive analysis, “Technology Selection Data Report.” The report analyzes trends and requirements from real-world RFPs managed through the Olive platform to help organizations make unbiased, data-driven decisions when selecting IT solutions.

Olive Technologies (PRNewsfoto/Olive Technologies)

The current IT acquisition process often leaves buyers navigating a complex landscape of biased information and incomplete data. Lengthy processes, high costs and superficial assessments can lead to costly mistakes and outdated solutions. The Olive Report addresses these challenges by providing objective insights based on real-world evaluations of the company’s solutions.

“Unlike trend reports, vendor-driven reviews or biased market comparisons, the Olive Report is based on real data from real RFPs, ensuring the insights presented are authentic, objective and directly relevant to the needs of modern businesses.” he said Chris Heard, Olive’s CEO. “By leveraging this information, decision makers can confidently navigate the complex vendor landscape, identify solutions that best suit their specific needs, and drive successful digital transformations within their organizations.”

Key findings from the report include:

ERP, HCM, CRM, LMS and POS are the categories most frequently researched among Olive customers. Some big players in each category have high market presence but low selection rate, which shows that marketing alone cannot deliver business.
Although artificial intelligence is a widely popular feature, it ranks low compared to the actual requirements contained in RFPs. However, it is the fastest growing search term in 2024.
Data and reporting emerge as the top two requirements topics, reflecting companies’ awareness of the value of their data and their desire to obtain clear, actionable insights from technology providers.
Integration and configuration rank high in the requirements ranking, indicating that companies are struggling to connect disparate systems and are demanding ready-to-use integrations from vendors.
Terms like “data,” “reporting,” “integration,” and “mobility” highlight the need for data-driven decision-making, comprehensive reporting capabilities, seamless connectivity, and mobile accessibility.

To celebrate the release of the report, Olive is offering a 14-day free trial and a free introductory session for new users who create an Olive account. Interested readers can click Here to begin.

See the full report here: https://olive.app/technology-selection-data-report/

More information about Olive Technologies can be found on the website https://oliwka.app/.

About Oliwa:
Olive Is a comprehensive technology assessment platform for IT consultants and buyers. Consultants and IT leaders combine multiple tools to manage vendor ratings. Olive allows you to do it all on one platform. Manage even the most complex technology assessments for your clients or organizations. Collaborate on requirements with key stakeholders, quickly evaluate solutions, and manage and store your work for reuse in other transformation initiatives.

PR contact
Abby Lewis
BLASTmedia for Olive Technologies
317.806.1900 x 136
[email protected]

View original content to download multimedia: https://www.prnewswire.com/news-releases/olive-technologies-releases-data-report-on-it-sourcing-trends-302158470.html

SOURCE Olive Technologies