Showing posts with label Survey. Show all posts
Showing posts with label Survey. Show all posts

Tuesday, July 9, 2013

2013 In-House Tech Survey

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In-house counsel render legal advice and lead e-discovery and compliance efforts every day. But now, it turns out, they can also tell you where the nearest Apple store is, too. If there were any doubts that iPhones and iPads—not to mention Android- and Windows-based mobile devices—have become a force within law departments, Corporate Counsel's 2013 technology survey dispels them. Mobile is here, and it's hot.

It also may be steering law departments toward trouble.

Our survey—answered by 47 companies with an average lawyer roster of 54—raises questions, and potential red flags, about just how the current, consumer-oriented generation of tablets and smartphones is being integrated into the corporate legal environment. While 76 percent of respondents said that legal staff can bring in and use their own mobile devices, of their own choosing, the survey reveals a surprising lack of consensus on policies. Security strategies are all over the map—and in some cases, perhaps not sufficient. More troubling: Nearly a quarter of respondents—23 percent—said that their legal department had no formal security policy at all for mobile devices.

Meanwhile, the survey shows that in general, the ways in which lawyers are using their devices are fairly humdrum, largely involving messaging or document viewing. More sophisticated uses, and capabilities, are going untapped.

The news isn't all worrisome, however. Bright spots among the survey results include a healthy uptick in IT budgets for a sizable number of law departments. Fully 20 percent of respondents saw their IT capital budget rise by more than 10 percent over the prior year, while less than 3 percent saw it decrease more than 10 percent. In all, capital budgets rose for 26 percent of law departments, remained stable for 60 percent, and decreased for 14 percent (operating budgets saw a similar pattern, increasing for 34 percent of respondents, while remaining flat for 49 percent and decreasing for 17 percent).

We see upward movement, too, in law departments' embrace of the cloud—a business model that offers increased efficiencies since companies, in effect, rent applications and hardware from third-party providers, instead of buying them, updating them, and maintaining them on their own. Nearly two-thirds of respondents—63 percent—said that their legal department uses cloud-based services, up from 50 percent in 2011.

And while the cloud has traditionally sparked worries about customization, control, and security, the legal departments that have embraced it have few regrets. Fully 80 percent say the experience was "mostly positive," with the other 20 percent labeling it "somewhat positive." The survey found the main uses of the cloud (in descending order) to be e-discovery and litigation support, billing, document management, and storage.

One thing that hasn't changed, however, is the law department's reliance on others within the company for its IT support, and even its IT–related decision making. Less than a quarter of respondents—23 percent—say their legal department has a dedicated IT staff. And an overwhelming majority—71 percent—note that all IT requests must be processed through central corporate procurement.

Legal technology experts contend that such strategies can hinder the ability of lawyers to effectively use the tools they need to do their job. The problem, and it's a historical one, is that the systems that lawyers rely on—such as their document management systems—tend to be different than those used by other parts of the organization. "In a law firm, you would have an administrator who specifically understands this 'law' product," says Adriana Linares, the president of LawTech Partners, a training and consulting firm specializing in the legal community. "In a company, when there is not dedicated legal IT support, [it's harder to] get the required customization and attention."

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Sunday, July 7, 2013

2013 In-House Tech Survey

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Friday, April 19, 2013

Survey: Demand in the industry is strong, but the pace of expansion has begun to slow down

Wireless is one of the few industries that actually grow these days, but it looks like the pace at which it spreads has started to slow down. Research firm PwC has made a thorough survey of the US market, using data from all major carriers. One of the most interesting findings of the survey is that while wireless network traffic has grown by the staggering 138% in the period of June 30, 2010 to June 30, 2011, it has grown by "just" 76% from June 30, 2011, to June 30, 2012.

However, according to PwC, it's too early to conclude that the industry is reaching its pinnacle:


Yep, at least carriers won't be so pressed for bandwidth, though we aren't sure if they would like that.

Other than that, the survey finds that smartphones continue to penetrate the market, and have accounted for 60% of sales to postpaid customers in 2011, as opposed to 41% in 2010. In order to make up for the slower growth, however, carriers tend to turn to new growth areas such as multi-device data
connection plans and machine-to-machine (M2M) subscriptions. To find the full survey, simply jump through the source link below!


source: PwC (.pdf) via FierceWireless

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Survey shows that 19% are interested in buying an Apple iWatch

As you probably know by now, Apple is supposedly working on a smartwatch that has been dubbed the "iWatch" by the media. With 100 engineers in Cupertino allegedly working on such a device, ChangeWave Research surveyed 1,713 people in North America to gauge how much demand there might be for such a product. The data shows that 5% of those asked are "very likely" to purchase an Apple iWatch for themselves or someone else while 14% are "somewhat likely" to buy such a device.

These numbers bode well for the speculated device. Back in January 2010, prior to the unveiling of the Apple iPad, a survey from ChangeWave Research showed 4% of those asked were "very likely" to purchase a hypothetical Apple tablet while 14% were "somewhat likely" to make such a purchase. Considering the amazing success of the Apple iPad afterward, the fact that the survey showed similar numbers for an Apple iWatch has to make Apple feel pretty confident that the device will receive a warm reception if it is launched.

The main reason to buy an Apple iWatch, according to 18% of those "likely buyers," is loyalty to Apple. These are the people who buy devices made by the Cupertino based company because they trust the Apple name. 16% of "likely buyers" said that the convenience of owning a smartwatch is the reason for purchasing the iWatch. 14% want an Apple iWatch because it is "cool" while 11% said that they were interested in how the device would interact with other Apple products.

Since the speculation started about an Apple smartwatch, other tech giants like Samsung, LG, Google and Microsoft have acknowledged that they are working on such a device.


source: AppleInsider

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Thursday, March 28, 2013

EUR/USD- Trading the U.S. Consumer Confidence Survey

By David Song, Currency Analyst 26 March 2013 09:45 GMT Trading the News: U.S. Consumer Confidence

What’s Expected:

Time of release: 03/26/2012 14:00 GMT, 10:00 EDT

Primary Pair Impact: EURUSD

Expected: 67.5

Previous: 69.6

DailyFX Forecast: 66.0 to 70.5

Why Is This Event Important:

The Conference Board’s Consumer Confidence survey is expected to fall back to 67.5 in March from a three-month high and the drop in household sentiment may drag on the U.S. dollar as it dampens the outlook for growth. As the FOMC retains a cautious outlook for the world’s largest economy, a dismal print may renew expectations for additional monetary support, but the resilience in private sector consumption may limit the central bank’s scope to expand the balance sheet further as the economy gets on a more sustainable path.

Recent Economic Developments

The Upside

Change in Non-Farm Payrolls (FEB)

The Downside

Consumer Price Index (YoY) (FEB)

Average Hourly Earnings (YoY) (FEB)

The expansion in consumer credit along with the pickup in job growth may prop up household sentiment, and we may see a growing number of Fed officials adopt a more neutral to hawkish tone for monetary policy as the economic recovery gradually gathers pace. However, the persistent weaken in wage growth paired with sticky inflation may put a dent on household sentiment, and the FOMC may retain its highly accommodative policy stance throughout 2013 in an effort to address the ongoing slack in the real economy.

Potential Price Targets For The Release

Forex_EURUSD-_Trading_the_U.S._Consumer_Confidence_Survey__body_ScreenShot103.png, EUR/USD- Trading the U.S. Consumer Confidence Survey As the EURUSD struggles to hold above the 200-Day SMA (1.2874), the pair could be poised to give back the rebound from back in November (1.2659), and the euro-dollar may steady work its way back towards 1.2640-50 – the 23.6% Fibonacci retracement from the 2009 high to the 2010 low – as it searches for support. At the same time, the EURUSD may be limited to the upside as long as the relative strength index remains capped by the 46 figure, and we may see the longer-term bearish flag pattern continue to play out amid the deviation in the policy outlook.

How To Trade This Event Risk

Expectations for a drop in sentiment casts a bearish outlook for the reserve currency, but a positive development may set the stage for a long U.S. dollar trade as it raises the prospects for future growth. Therefore, if the survey exceeds market expectations, we will need to see a red, five-minute candle following the release to generate a sell entry on two-lots of EURUSD. Once these conditions are fulfilled, we will set the initial stop at the nearby swing high or a reasonable distance from the entry, and this risk will generate our first target. The second objective will be based on discretion, and we will move the stop on the second lot to cost once the first trade hits its mark in an effort to lock-in our gains.

On the other hand, we may see sticky prices along with the ongoing weakness in the real economy drag on household sentiment, and a dismal print may weaken the dollar as it raises the Fed’s scope to expand the balance sheet further. In turn, if the survey slips to 67.5 or lower in March, we will implement the same setup for a long euro-dollar trade as the short position laid out above, just in reverse.

Impact that the Consumer Confidence survey has had on USD during the last month

Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

January 2013 U.S. Consumer Confidence

Forex_EURUSD-_Trading_the_U.S._Consumer_Confidence_Survey__body_ScreenShot099.png, EUR/USD- Trading the U.S. Consumer Confidence Survey The gauge for U.S. household sentiment jumped to 69.6 from a revised 58.4 in January to mark the biggest advance since November 2011, while inflation expectations for the next 12 months slipped to an annualized 5.5%, posting the slowest rate of growth since July. The stronger-than-expected print propped up the greenback, with the EURUSD slipping below the 1.3050 figure, but we saw the reserve currency consolidate during the North American trade as the pair ended the day at 1.3061.

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com.

Follow me on Twitter at @DavidJSong

To be added to David's e-mail distribution list, please follow this link.

New to FX? Watch this Video

Questions? Comments? Join us in the DailyFX Forum

Click Here to Download the DailyFX News Notifier

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

26 March 2013 09:45 GMT


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View the original article here

Wednesday, March 27, 2013

EUR/USD- Trading the U.S. Consumer Confidence Survey

By David Song, Currency Analyst 26 March 2013 09:45 GMT Trading the News: U.S. Consumer Confidence

What’s Expected:

Time of release: 03/26/2012 14:00 GMT, 10:00 EDT

Primary Pair Impact: EURUSD

Expected: 67.5

Previous: 69.6

DailyFX Forecast: 66.0 to 70.5

Why Is This Event Important:

The Conference Board’s Consumer Confidence survey is expected to fall back to 67.5 in March from a three-month high and the drop in household sentiment may drag on the U.S. dollar as it dampens the outlook for growth. As the FOMC retains a cautious outlook for the world’s largest economy, a dismal print may renew expectations for additional monetary support, but the resilience in private sector consumption may limit the central bank’s scope to expand the balance sheet further as the economy gets on a more sustainable path.

Recent Economic Developments

The Upside

Change in Non-Farm Payrolls (FEB)

The Downside

Consumer Price Index (YoY) (FEB)

Average Hourly Earnings (YoY) (FEB)

The expansion in consumer credit along with the pickup in job growth may prop up household sentiment, and we may see a growing number of Fed officials adopt a more neutral to hawkish tone for monetary policy as the economic recovery gradually gathers pace. However, the persistent weaken in wage growth paired with sticky inflation may put a dent on household sentiment, and the FOMC may retain its highly accommodative policy stance throughout 2013 in an effort to address the ongoing slack in the real economy.

Potential Price Targets For The Release

Forex_EURUSD-_Trading_the_U.S._Consumer_Confidence_Survey__body_ScreenShot103.png, EUR/USD- Trading the U.S. Consumer Confidence Survey As the EURUSD struggles to hold above the 200-Day SMA (1.2874), the pair could be poised to give back the rebound from back in November (1.2659), and the euro-dollar may steady work its way back towards 1.2640-50 – the 23.6% Fibonacci retracement from the 2009 high to the 2010 low – as it searches for support. At the same time, the EURUSD may be limited to the upside as long as the relative strength index remains capped by the 46 figure, and we may see the longer-term bearish flag pattern continue to play out amid the deviation in the policy outlook.

How To Trade This Event Risk

Expectations for a drop in sentiment casts a bearish outlook for the reserve currency, but a positive development may set the stage for a long U.S. dollar trade as it raises the prospects for future growth. Therefore, if the survey exceeds market expectations, we will need to see a red, five-minute candle following the release to generate a sell entry on two-lots of EURUSD. Once these conditions are fulfilled, we will set the initial stop at the nearby swing high or a reasonable distance from the entry, and this risk will generate our first target. The second objective will be based on discretion, and we will move the stop on the second lot to cost once the first trade hits its mark in an effort to lock-in our gains.

On the other hand, we may see sticky prices along with the ongoing weakness in the real economy drag on household sentiment, and a dismal print may weaken the dollar as it raises the Fed’s scope to expand the balance sheet further. In turn, if the survey slips to 67.5 or lower in March, we will implement the same setup for a long euro-dollar trade as the short position laid out above, just in reverse.

Impact that the Consumer Confidence survey has had on USD during the last month

Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

January 2013 U.S. Consumer Confidence

Forex_EURUSD-_Trading_the_U.S._Consumer_Confidence_Survey__body_ScreenShot099.png, EUR/USD- Trading the U.S. Consumer Confidence Survey The gauge for U.S. household sentiment jumped to 69.6 from a revised 58.4 in January to mark the biggest advance since November 2011, while inflation expectations for the next 12 months slipped to an annualized 5.5%, posting the slowest rate of growth since July. The stronger-than-expected print propped up the greenback, with the EURUSD slipping below the 1.3050 figure, but we saw the reserve currency consolidate during the North American trade as the pair ended the day at 1.3061.

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com.

Follow me on Twitter at @DavidJSong

To be added to David's e-mail distribution list, please follow this link.

New to FX? Watch this Video

Questions? Comments? Join us in the DailyFX Forum

Click Here to Download the DailyFX News Notifier

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

26 March 2013 09:45 GMT


// SET PAGE PROPERTIES var sProperties = new Object(); sProperties.server = '2.6'; sProperties.channel = 'Fundamental: Trading the News'; // Pass page properties to Omniture if (typeof sProperties != 'undefined') { for (var sProperty in sProperties) { s[sProperty] = sProperties[sProperty]; } } var s_code=s.t(); if(s_code) document.write(s_code);

View the original article here

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