Unmasking Shadow Apps: Protecting Your SaaS Stack from Hidden Threats!🛡️

📖 TODAY’S ISSUE

🧵 Here are some insightful SaaS updates and tools we’ve curated for you today:

🚀Latest in SaaS and Dev Tools Discover cutting-edge SaaS advancements and essential development resources.

🛠️ Cool SaaS Tools Explore innovative tools that are reshaping the SaaS landscape.

💡 AI Prompts and Productivity Tips: Get actionable prompts to boost your SaaS productivity.

🚀 Educational Insights Learn essential skills and strategies to accelerate your SaaS journey.

🗞️ HIGHLIGHT OF THE DAY

Unmasking Shadow Apps to Secure Your SaaS Stack

Shadow apps are lurking in the blind spots of many organizations' security systems, presenting significant risks to their SaaS environments. Disrupted or integrated with corporate resources, these unauthorised applications can lead to serious security breaches. Whether employees are using unsanctioned apps or unauthorized instances of approved ones, the lack of IT oversight leaves the company vulnerable to data leaks, access breaches, and non-compliance with regulations.

What We Think

The Risks of Shadow Apps Are Growing: As organizations expand their SaaS ecosystems, they present increasing dangers. They remain invisible to security teams, exposing sensitive data and leaving companies blind to threats.

The key to minimizing these risks lies in deploying SaaS Security Posture Management (SSPM) tools that offer continuous monitoring and app discovery capabilities. By integrating SSPM with email security tools and monitoring OAuth and SSO sign-ins, companies can proactively detect shadow apps and secure their SaaS stack.

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⚡ LATEST IN TECH AND AI

Personalized SaaS Onboarding: A Checklist for the Perfect User Journey

The Risks of Shadow Apps Are Growing: As organizations expand their SaaS ecosystems, they present increasing dangers. They remain invisible to security teams, exposing sensitive data and leaving companies blind to threats.

The key to minimizing these risks lies in deploying SaaS Security Posture Management (SSPM) tools that offer continuous monitoring and app discovery capabilities. By integrating SSPM with email security tools and monitoring OAuth and SSO sign-ins, companies can proactively detect shadow apps and secure their SaaS stack.

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SaaS Product Management: Definition, Process & Best Practices 2024

As the SaaS market is set to reach $317 billion by 2024, understanding SaaS product management has become crucial for success. It involves strategizing, guiding, and optimizing software to meet both customer needs and business goals. SaaS product managers focus on market research, customer feedback, product strategy, feature prioritization, and ensuring smooth collaboration across teams. Their work is essential for aligning the product's vision with market demands, tracking key metrics, and continually improving the customer experience to maintain a competitive edge.

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SaaS-Based Human Resource Management (HRM) Market Expected Growth from 2024 to 2030

The SaaS-based HRM market is projected to reach US$ 105.84 billion by 2030, growing at a CAGR of 18.6%. This market offers cloud-based solutions for HR functions such as hiring, payroll, and performance management, with real-time data access and streamlined operations. The demand is driven by cost-saving needs, workforce globalization, and the increasing importance of employee-centric systems. Major players like Talentsoft, Oracle, and CloudPay dominate the market, with significant growth expected in North America, Europe, and Asia Pacific.

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💻 DEV RESOURCES

PostgreSQL 16 Released with Enhanced Logical Replication and Performance Boosts

PostgreSQL 16 brings notable improvements in logical replication, making streaming changes between databases for real-time analytics or failover systems easier. Performance enhancements include better handling large datasets and more efficient query execution, making it a powerhouse for modern data-driven applications.

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Terraform 1.6 Brings Remote State Management and Enhanced Provider SDK

Terraform 1.6 introduces remote state management improvements, allowing teams to collaborate more effectively by securely storing and sharing infrastructure states. The update also enhances the Provider SDK, enabling developers to create custom providers more easily and efficiently, making infrastructure automation even more streamlined.

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Ruby on Rails 7.1 Adds Turbo Streams for Real-time Updates and Better Database Queries

Ruby on Rails 7.1 introduces Turbo Streams, which allows developers to create real-time, server-driven updates for modern web applications without needing complex JavaScript frameworks. The update also improves database queries, offering faster and more efficient data retrieval, which simplifies building scalable applications.

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💡 AI Prompts and Productivity

1. Automate Competitive Market Analysis

○ Use AI to gather and analyze competitor pricing, product launches, and marketing strategies in real time, offering actionable insights.

○ Create an AI-powered tool that predicts market shifts based on competitor behaviour and customer preferences, helping businesses stay ahead.

2. Enhance AI-Driven Virtual Assistants

○ Develop AI assistants to manage and automate complex scheduling tasks, including cross-timezone coordination and prioritizing urgent meetings.

○ Use machine learning to enable virtual assistants to predict daily task priorities and make real-time adjustments based on changing workloads.

3. Optimize Content SEO Strategies

○ Implement AI to audit website content, identify SEO gaps, and suggest improvements to boost rankings and organic traffic.

○ Create an AI tool that generates keyword strategies and content recommendations based on search trends and competitor analysis.

💸 WHO RAISED?

Discover startups who just raised funds.

BioPrime Raises $6M in Series A to Expand Crop Protection Research

OpenAI has achieved a remarkable feat, securing $6.6 billion in funding that nearly doubled its valuation to $157 billion within nine months. Led by Thrive Capital and supported by major investors like Microsoft, Nvidia, and SoftBank, this funding round emphasizes the ongoing enthusiasm for AI development in the tech sector. Despite earlier investment declines in AI startups, OpenAI's projected revenue of $3.7 billion for 2024 and rapid employee growth of over 1,000 staff in nine months reflect the robust growth potential of AI. This success instils confidence in the sector, highlighting the promising future of artificial intelligence amid lingering concerns about its safety and effectiveness.

Dave Clark Secures $100M for Supply Chain Startup Auger Inc.

Dave Clark, former head of Amazon's consumer business, has raised $100 million for his new supply chain software startup, Auger Inc., with funding led by Oak HC/FT. Based in Bellevue, Washington, Auger aims to streamline supply chain management using AI technology. It features an information retrieval chatbot and tools for supply chain planning and forecasting. The platform seeks to simplify logistics tasks compared to existing applications, enhancing the user experience. Proceeds will support product development, staff expansion, and potential acquisitions.

Josys Secures $100 Million in Venture Debt for SaaS Management Expansion

Josys, a leading SaaS management platform, has raised $100 million in venture debt, bringing its total funding to $225 million. This positions Josys as the best-funded company in its sector, allowing for significant investments in product development in Silicon Valley and Bangalore. With revenue tripling and a growing customer base in multiple regions, Josys is set to launch new services and open the world's first SaaS Operations Excellence Center in Japan, aimed at improving efficiency and addressing key SaaS management challenges.