Future of Work — Industry Insights, Data, and Solutions For Business Leaders

Companies Are Investing Heavily in Business Building, Placing A Quarter of Annual Revenue into High-Growth Opportunities — BCG Reports

Business building is a successful way to grow. However, only 52% of leaders feel confident in their company's ability to pursue new high-growth opportunities, according to a study by Boston Consulting Group (BCG). The study surveyed 1,051 senior leaders from 17 countries. Of those surveyed, 73% said that business building is a priority for them. Since 2021, the companies have pursued an average of five new high-growth opportunities each year, investing around 27% of their annual revenue in launching, acquiring, or co-launching startup ventures.

Future of WorkStaff ReportsNovember 20, 2023Business Building, Business Transformation, Future of Work

Nearly 80% of Companies Worldwide Rank Innovation as a Top-Three Priority for 2023, Finds BCG

Despite global economic uncertainty, innovation rose as a top corporate priority for 2023. According to a new report released by Boston Consulting Group, 79% of companies around the world see innovation as a top-three priority this year, and 66% plan to increase spending—42% by more than 10%. This starkly contrasts the last downturn in 2009, when fewer than two-thirds of companies ranked innovation as a top-three priority, and only 58% planned to increase spending.

LPWAN IoT Connections to Grow 23% CAGR from 2022 to 2028, Driven by Growth in NB-IoT and LoRaWAN Technologies: Omdia

Omdia’s latest research reveals that NB-IoT and LoRa will account for 87% of all LPWAN connections in 2028, strengthening their position in the LPWAN market with over 85% of the connections worldwide. Both technologies are in the sweet spot for mid-range IoT applications that are popular now. With sufficient differentiation between the two technologies, both are on track for success through the end of Omdia’s forecast in 2028.

Inflation and Supply Chain Fears Easing, But Global Economy Continues Facing Uncertainty, Finds KPMG

The outlook for the global economy took a positive turn in the first half of 2023 as inflationary pressures began to ease, but ongoing geopolitical tensions and domestic challenges in key markets are slowing any return to sustained growth. According to KPMG’s latest report, global energy prices returning to levels last seen prior to the invasion of Ukraine, combined with easing commodity and food prices, have helped put further downward pressure on inflation for the rest of 2023.

Future of WorkStaff ReportsMarch 28, 2023KPMG, inflation, Global Economy, Future of Work

As Ukrainians Stop Work to Defend Their Country, Tech Professionals Worldwide Volunteer to Pick Up The Slack and Keep Pay Checks Flowing

Ukraine is a major contributor to the global tech community, with 250,000 highly-skilled individuals well known for their talent and commitment, often involved in mission-critical projects. Companies are now scrambling as the workers they count on are pushed out of the picture. These employees cannot move forward on daily tasks and worry they may not have a job to return to when the dust settles.

Editor's PickStaff ReportsApril 12, 2022Ukraine, Technology, Tech Leaders, Innovation, Future of Work

Integrated Approach to Digital Strategies Elevate Employee Satisfaction to Improve Customer Experiences in the Home Goods Sector

Leading home improvement retailers and manufacturers are redefining how they design, develop and deploy digital strategies to integrate employee (ESAT) and customer satisfaction (CSAT) levels to accomplish critical future-state objectives, according to Christina Cooley, Director of the Home Intelligence Practice with J.D. Power.

Digital Incumbents Fight Back; New Findings From Boston Consulting Group

A new cadre of companies are successfully executing digital transformations and outperforming their digitally native peers. These digital incumbents make up about 30% of the S&P Global 1200 Index and outperformed the index by about 50% over the last three years. Meanwhile, legacy incumbents struggled to drive growth and improve productivity using predominantly traditional levers.

End-to-End IPTV Streaming on ISR Platforms Plays Growing Role in Supporting Emergency Management Missions

ISR technologies forged and refined to meet the battlefield requirements of overseas military activities are finding new applications domestically to support emergency management missions at the state and local level. The rising frequency and volatility of natural hazards has elevated the importance of improving situational awareness for first responders deployed in response to these events.

Editor's PickLane CooperJanuary 26, 2022Vitec, ISR, Industry Disruptors, Future of Work

Impact of Executive Order 14028 on Developing Secure Architectures Across Multi-Cloud Infrastructures

According to analysts at IDC, the executive order opens a new window into new requirements and expectations that will likely have to be met by enterprise technologists tasked with the prevention, detection, assessment, and remediation of cyber incidents. There is increasing recognition that detection and response at speed will be critical to reducing the potential damage inflicted by bad actors in cyberspace.

Emergency Managers Integrate MANET Technology into ISR Platforms for Public Safety Communication Solutions; TrellisWare

Beyond providing eyes and ears on situations that are either impractical or too dangerous for direct human observation, ISR systems are using unmanned technology platforms to provide critical ad-hoc connectivity when existing infrastructure is compromised, says Kevin Thompson, director of public safety for TrellisWare, a provider of mobile ad-hoc networks solutions, in a podcast interview with BizTechReports.

Global Leaders Expect Challenges of Retaining, Attracting and Developing Top Talent Will Persist Over Next Decade, Protiviti & NC State University Survey Finds

Pandemic-related market conditions remain a top concern for 2022 among C-suite executives. Looking ahead to 2031, business leaders cite workforce and talent-related issues as their primary concern, indicating that the impact of the ‘Great Resignation’ will persist as their organizations struggle to fill the talent requirements supporting their strategies.

HR Leaders’ Number One Priority in 2022 will be Building Critical Skills and Competencies, Reveals Gartner Survey

Nearly 60% of HR leaders report that building critical skills and competencies will be their number one priority in 2022, according to a Gartner, Inc. survey. The survey found the other top HR priorities for 2022 are: organizational design and change management (48%), current and future leadership bench (45%), the future of work (42%), and diversity, equity, and inclusion (DEI) (35%).

Risk Adjusted Strategies for Modernizing IT Operations

As the chief owners of the digital infrastructure that underpins all aspects of modern enterprises, IT leaders will play pivotal roles in the road to recovery, “seeking the next normal” while still performing their traditional roles. In a time of turbulence and uncertainty, CIOs and senior IT leaders must discern how IT will enable the future growth and success of their enterprise while ensuring its resilience.

Artificial Intelligence Software Growth Will Fall Below Current Investor Projections, Finds Forrester

The overall artificial intelligence software market will grow to $37 billion by 2025, but will fall below current investor projections of $150 to $200 billion for the same time period. Within the AI software market, AI application growth will be constrained by technology vendors embedding AI functionality into existing software products more frequently.

Future of Work, Emerging MarketsMelissa FisherJanuary 21, 2021AI, AI applications, Future of Work, SaaS, AI software, Forrester