What’s in a (Gov Tech Company) Name?
This trouble marks the third generation of the GovTech100 — a consultant listing of a hundred technology groups whose solutions are aimed at state and nearby government, a market with predicted tech spending of more than $100 billion final 12 months. As we’ve gotten deeper into our coverage of the developing atmosphere of agencies imparting revolutionary tech answers to clear up real authorities issues, there are clear signs the market is maturing. New thoughts keep to make their manner onto the scene, and the deals and investments are developing, signaling the viability of a government-handiest (or government-first) enterprise version.
A quick leaf through the businesses that make up this 12 months’ GovTech100 exhibits some subject matters. While it’s now not sudden that five businesses have “gov” of their names, it does lay plain their cognizance on the general public zone, getting rid of any ambiguity about their target audience. Four out of 5 groups with gov of their names were formed this decade, maximum inside the latter 1/2. While unscientific, it stands to motive that, before then, maximum groups wouldn’t logo themselves as authorities-most effective organizations. The outlier, NEOGOV, turned into formed in 1999, and its HR software program is utilized by extra than 1,500 customers in nation and neighborhood authorities and education.
The words “open” and “data” show up in a handful of corporation names on the list. OpenDataSoft checks each packing container, and in a win for reality in advertising, offers an open statistics hub serving each citizen and the public area. The sizable use of both words, and so many related phrases, in company monikers reflects wherein authorities’ priorities lay in 2018. Good government is guided using open, obvious operations. And the maximum correctly runs public businesses are supported by way of usable, timely data that may be harnessed by the ones inside and outside of government for the maximum feasible true.
The most prominent phrases to expose in GT100 corporation names are “town” and “civic.” This simple fact suggests that the civic tech motion we’ve been protecting for numerous years has given upward thrust to this new market class of gov tech and that many solutions are borne out of tech- or just undeniable civic-minded residents connecting in new methods with nearby governments and figuring out regions wherein they could help. And more than assist, they’re locating ways to productively interact with their communities and create feasible businesses that could scale to jurisdictions around their nation and across the u . S.
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Read our story Raising the Profile for insights and evaluation at the year that changed into inside the gov tech marketplace. It’s not a homogeneous listing, to make sure. But taken all collectively, it’s a revealing look at what’s trending and what’s gaining ground in the emerging government-centered tech marketplace. Also, see who made this 12 months’ list and allow us to recognize what you watched. The complete list and an interactive funding map are online at a govtech.Com/one hundred.
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