Bus and subway riders will be able to abandon the MetroCard and use debit or credit cards to ride anywhere in the city by 2014, according to the MTA.
The Metropolitan Transportation Authority for the first time set a target date for a no-swipe smart-card system to be in full use after years of studies and pilot programs.
With smart-card technology, riders simply waive or tap their credit or debit cards on readers when entering a subway station or bus.
Not having to swipe at turnstiles or dip a MetroCard into a fare box reader should speed travel and reduce MTA expenses, experts have said.
"I think it's great," Bill Henderson, executive director of the MTA's Permanent Citizens Advisory Council. "The technology is going help out the riders and the system."
The 2014 date is included in an MTA document detailing some of the major initiatives in the five-year capital plan recently approved by the authority's governing board.
If fully funded, the capital plan will allocate $220 million for a smart-card system, which also would include prepaid cards not linked to bank or credit accounts.
Agencies
Showing posts with label 2014. Show all posts
Showing posts with label 2014. Show all posts
Sunday, September 27, 2009
Sunday, August 30, 2009
Check out the latest update of SaaS studies
Software-as-a-service (SaaS) is playing an important role in changing the fundamentals of business for user companies and for SaaS providers themselves. These changes are part of a multi-year 'loop' cycle that reciprocates between users and providers, with each side influencing the other in unforeseen ways.
Mismanaging this 'endless loop of innovation' will prevent user firms from being able to derive real competitive advantage from SaaS, prevent SaaS providers from competing on an increasingly global stage and trap ISVs (Independent software vendors) from growing along with the global user IT market.
Understanding how each side influences the others and how to manage it effectively through changing market scenarios, is the key theme of 'An Endless Cycle of Innovation: Saugatuck SaaS Scenarios Through 2014', the latest global research program developed and published by Saugatuck Technology.
On the launch of new study, Bruce Guptill, Managing Director of Research, Saugatuck Technology said, "The research shows us a combination of changing SaaS acquisition and adoption, both as a result of the global recession and as a result of the changing nature of SaaS itself. How users do business with SaaS is changing how providers develop and deliver SaaS and is changing how ISVs and other players will need to compete over the next several years. Failure to recognize and adapt to these changes will make it extremely difficult, and much more costly than it should be, for anyone to benefit from SaaS."
As the demand of SaaS is growing globally, the analysts expect that by year 2012, SaaS solutions is likely to become the de facto choice for the majority of user organizations that are replacing legacy applications or business systems as they reach the end of their useful lives or when driven by other important business considerations.
According to Guptill, by year 2014, SaaS and Cloud Computing will become an integral to infrastructure, business systems, operations and development within all aspects of user firms with variations in status and roles based on region and business culture. Prior to this time period, SaaS is likely to act as an important 'agent of change'.
Agencies
Mismanaging this 'endless loop of innovation' will prevent user firms from being able to derive real competitive advantage from SaaS, prevent SaaS providers from competing on an increasingly global stage and trap ISVs (Independent software vendors) from growing along with the global user IT market.
Understanding how each side influences the others and how to manage it effectively through changing market scenarios, is the key theme of 'An Endless Cycle of Innovation: Saugatuck SaaS Scenarios Through 2014', the latest global research program developed and published by Saugatuck Technology.
On the launch of new study, Bruce Guptill, Managing Director of Research, Saugatuck Technology said, "The research shows us a combination of changing SaaS acquisition and adoption, both as a result of the global recession and as a result of the changing nature of SaaS itself. How users do business with SaaS is changing how providers develop and deliver SaaS and is changing how ISVs and other players will need to compete over the next several years. Failure to recognize and adapt to these changes will make it extremely difficult, and much more costly than it should be, for anyone to benefit from SaaS."
As the demand of SaaS is growing globally, the analysts expect that by year 2012, SaaS solutions is likely to become the de facto choice for the majority of user organizations that are replacing legacy applications or business systems as they reach the end of their useful lives or when driven by other important business considerations.
According to Guptill, by year 2014, SaaS and Cloud Computing will become an integral to infrastructure, business systems, operations and development within all aspects of user firms with variations in status and roles based on region and business culture. Prior to this time period, SaaS is likely to act as an important 'agent of change'.
Agencies
Friday, August 21, 2009
Will MindTree touch $1 bn revenue by 2014?
Mid-sized software services firm MindTree, which completed 10 years on Tuesday, will come up with newer strategies as it aims to achieve over $1 billion in revenues by March, 2014. The company, which counts steel-maker Arcelor Mittal and Swedish truckmaker Volvo among its top customers, will be focusing on areas like energy, defence and healthcare. The firm is also targeting newer geographies like Japan.
“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.
Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.
“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.
Agencies
“We are making strategic investment in defence, working along with DRDO and focusing on areas which deal with the surveillance space. There isn’t much revenue contribution right now, but the potential in long run is great” , said S Janakiraman, president and CEO, R&D services and one of the 10 co-founders of MindTree. MindTree is also building video surveillance , analytics solutions and new telemedicine solutions for the burgeoning rural healthcare market. “We recently had a major win from an Apac telecom firm and an European consumer appliance company. The size of the contracts is worth $5-6 million”, he said.
Mr Janakiraman said that MindTree will be the fastest growing company once the recovery happens as they are making more investments for innovations. “The 15% salary cut of 200 employees out of 8,000 will be immediately restored once business picks up”. MindTree has also bagged a contract for IT services from Swift, the financial messaging provider, and has plans to tap energy sector.
“We have put the team in place and are talking to large energy companies in Europe and the US,” said Anjan Lahiri, president and CEO, IT services and one of the co-founders of MindTree.
Agencies
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