TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
Last week, we discussed contract provisions that focused on documenting security requirements and monitoring security commitments.
As we have previously discussed , cybersecurity threats are mounting and are a major concern for senior management.
The hospitality industry is particularly focused on data analytics and is the recipient of a large volume of end user data.
Building on our introductory discussion of data analytics and use restrictions from last week , in this post, we describe in more detail some potential restrictions, under applicable law and contracts, of a company’s ability to use data for analysis purposes.
Companies’ use of data analytics is booming, with businesses seeking to leverage large amounts of raw data to analyze trends, make decisions, and enhance products, services, and marketing opportunities.
Picking up where we left off last week , below are some additional key issues to consider and address when negotiating source code escrow provisions.
Source code escrow arrangements can be a contentious topic in software license negotiations.
As we described in our first post on the increasing use of software robots in outsourcing, software robots are becoming more widespread because of their growing capabilities to execute business processes, such as customer service and IT service management.
A recent article by Information Services Group (ISG) partner Harvey Gluckman highlights the following trends in the global sourcing market over the last two years: Higher volumes of smaller deals with shorter contract terms An increased occurrence of "best of breed" multisourcing A shift away from the request for proposal process toward the more flexible, collaborative "request for solution" approach The emergence of new managed service markets These topics will be explored further at the upcoming ISG Americas Sourcing Industry Conference held September 29–30 in Dallas, Texas.
As part of its simplification initiative, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update on August 20 that addresses accounting principles related to cloud computing arrangements.