CRM Solutions: Conditions for Development

Marina Astapchik
IT Trends Research Specialist
July 26, 2011

Today, the software for customer relations management (CRM) enjoys high public interest. With the help of the software and the strategy companies can optimize sales processes and improve customers' experience from their services. CRM solutions are especially interesting today, when most of the businesses are seeking for various ways out of the crisis. A recent study by BSI Business Systems Integration AG, carried out among 149 visitors of CRM forum in Switzerland demonstrates that the majority of the polled companies (80%) are already using professional CRM instruments, at least in some areas of activities.

However, СRM as a strategy can be viewed from two sides: on the one hand, there is a strategy, on the other — its technical implementation. According to the data of Capgemini consulting company, as part of the CRM-Barometer project, СRM activities were in decline due to the financial and economic crisis, but before the end of 2010 it will regain its pre-crisis positions and may ever outrun them. This year, only 38% of managers decided to limit their CRM activities compared to 62% in late summer of 2009The question of which topics in CRM sphere will be the most important in the next 12 months returned a surprisingly unequivocal answer — almost two out of three respondents name customer relations management the most important aspect of business success. Primary attention should be given to building relations with customers and to structuring of information about clients.

Unlike CRM activities, the information technologies that create software platforms for them experience certain difficulties. Companies are trying to save money on the standardization and automation of business processes.

According to Gartner, a prominent IT research company, businesses pay increasing attention to find new clients and the increase the sales volume, but they do not intend to invest any extra dollar in this. This year, the increase of expenses on CRM solutions will amount for 0.7% compared to 2009. The growth is small, but compared to other software market segments, CRM still shows quite good results.

According to the study of IT market in Germany, published by IDC in 2010, the small scale of growth is largely due to temporal recession in the development of IT market as a whole. Only starting with 2011, the trends will go up — the growth will be not fast but steady. Since 2011, the growth rate will rise and by 2014 it will reach 5%. Experts predict that the most prospective directions will be data security and CRM solutions.

LATEST ARTICLES

Connected Devices for Diabetes Management and Monitoring

Over the last 100 years, the lifestyle of people has dramatically changed. In the past, people used to follow a more healthy diet: food was mostly organic, meals were much smaller and contained far fewer calories than today. Also, previously people used to be physically active the biggest part of...
READ ARTICLE

Google amidst Yet Another Data-Related Scandal: Everything About “Project Nightingale” So Far

“Don’t be evil” hasn’t been on unofficial Google’s motto for quite some time to date. Some of the latest events connected with healthcare data show us why. In this blog post, we’ll try to follow the whole chain of events of “Project Nightingale”, it’s revealing to the general public by...
READ ARTICLE

An Inside Look at Upcoming AI in Healthcare Trends in 2020: The Most Riveting Use Cases of Today and the Nearest Future

Artificial Intelligence (AI) has been the trendy buzzword across multiple industries for quite some time to the date. It is often awarded epithets like “life-” and “game-changing” - or at least having such potential. This is especially true when we speak of healthcare. There is plenty of research listing different...
READ ARTICLE