Latest News & Executive Interviews
Parks Associates Finds 38 Million Households had at Least One Member Working Remotely at Home During 2021
Parks Associates’ research finds that over half (54%) of those employed worked remotely throughout the pandemic, with approximately 38 million households having at least one household member working at home during 2021. The research report Work Transformed: Impact on Communications and Technology Markets addresses remote worker demographics, device ownership rates, internet usage, and interest in future communications and broadband services.
Global Oil & Gas Automation Market to See Positive Growth with Digitalization and New Disruptive Technologies, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis of the global oil & gas automation market finds that digital transformation is occurring on a massive scale due to the need for increased efficiency, safety, and sustainability. New disruptive technologies, including artificial intelligence (AI) and the Internet of Things (IoT), are already in use and driving digital trends across the industry.
Gartner Identifies Three Immediate Actions for Chief Sales Officers in Response to Russia’s Invasion of Ukraine
Chief sales officers (CSOs) play an important role in an organization’s response efforts to Russia’s invasion of Ukraine, and there are three immediate actions CSOs should prioritize, according to Gartner, Inc. CSOs play an important role in ensuring commercial efforts are aligned with the company’s broader response to the war.
Serialization: A Critical Component for the Pharmaceutical Supply Chain in an Era of Item-Level Track and Trace
In new research on asset visibility in the pharmaceutical supply chain, global technology intelligence firm ABI Research has identified the regulatory changes which are driving serialization in the pharmaceutical industry, dividing the regulatory landscape into 4 world regions: Europe, North America, Asia-Pacific, and Rest of the World.
Evolving Intelligence Surveillance and Reconnaissance Technologies Poised to Enhance Emergency Management
Intelligence, surveillance, and reconnaissance (ISR) technologies have long been used to aid the military in finding, fixing, and tracking friendly and hostile elements, as well as assessing damage to targets in areas of interest. While these technologies are recognized as essential tools for the execution of complex military operations, they are now gaining traction as a key element for a vast array of emergency management scenarios.
Gartner Forecasts India End-User Spending on Security and Risk Management to Grow 9.4% in 2022
End-user spending on security and risk management in India is forecast to total $2.6 billion in 2022, an increase of 9.4% from 2021, according to Gartner, Inc. There is a significant shortage of skilled cybersecurity professionals. Therefore, end-user organizations in India often engage with security service providers to meet their cybersecurity objectives.
IDC Finds Technology Optimizes the Loan Origination Process for Financial Institutions
Many financial institutions (FIs) have lagged their fintech competitors in the digitization of key banking business lines such as lending. Now FIs have a range of technology solutions as they play catch-up in the lending market to both consumers and businesses alike. Loan origination software is a key enablement for FIs to step up their digitization game not only to improve their lending operations, but also to enhance their customers’ experience.
India’s Increasing Demand for Transportation Services Expedites Shared Mobility Market Growth
Frost & Sullivan’s recent analysis of the Indian shared mobility industry finds that rapidly increasing urbanization in the country presents an opportunity for an integrated, multimodal transport system. Shared mobility presents promising solutions to meet India’s increasing demand for transportation services.
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.
ABI Research Finds The Chip Shortage Forecast to Significantly Constrain SIM Cards Market through 2022
As a byproduct of COVID, the chip shortage impact made itself known in 2021. For the SIM cards market, this impact is forecast to be significant on the removable SIM card form-factor. According to ABI Research, removeable SIM card shipments will decline from 4.36 billion in 2021 to 3.93 billion in 2022.
Corporate Carbon-Neutral Strategies Set to Create New Revenue Streams for Companies, States Frost & Sullivan
Global companies can significantly decrease their costs and boost their profitability by reducing excessive carbon emissions, lowering taxes, and leveraging advanced tools such as carbon capture and reuse technology.
Gartner Says the Cybersecurity Leader’s Role Needs to Be Reframed
Security and risk management (SRM) leaders now invest significantly more effort into evaluating and influencing the cyberhealth of external parties. Employees are making more decisions with cyber risk implications, and executive committees being established outside the scope of the cybersecurity leader.
5G Basebands Capture 70 Percent Revenue Share in Q3 2021, Says Strategy Analytics
According to this Strategy Analytics' Handset Component Technologies (HCT) research report, 5G basebands capture 70 percent revenue share", Qualcomm, MediaTek, Samsung LSI, Unisoc, and Intel captured the top-five cellular baseband revenue share spots in Q3 2021.
Gartner Says B2B Sales Organizations Should Focus on Situational Buyer Insights to Improve Conversion at Each Stage of the Funnel
B2B sales organizations must take a more situationally aware approach, tuning engagement skills and tactics with empathy for, and personalization to, a prospective buyer’s current state, according to Gartner, Inc. Standardized customer engagement in today’s buying environment will only get sellers so far, even with the best methodology.
Parks Associates Finds Nearly Half of Security Owners Say Their System Triggers Too Many False Alarms
Parks Associates finds that 48% of security system owners report that their system triggers too many false alarms. The research explores consumer attitudes, preferences, and experiences in security event management among households with professional monitoring.
Metaverse Pushes Extended Reality (XR) Market Spend to $4.84 Billion in 2024 and 37 Other Transformative Technology Stats You Need to Know
In 2024, the Extended Reality (XR) market spend will hit $4.84 billion, up from $630 million in 2020; 54.7% will derive from hardware, and the rest will be from software and content.
5G Technology a Key Catalyst for Industry 4.0, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis, 5G in Process Industries, finds that the limitations of 4G networks are enabling 5G technology to become an important ally for Industry 4.0. The high bandwidth and low latency provided by 5G networks are driving process industries to partner with strategic 5G providers.
Gartner Predicts That “Human-in-the-Loop” Solutions Will Comprise 30% of New Legal Tech Automation Offerings by 2025
By 2025, 30% of new legal technology automation solutions will combine software with staffing for a “human-in-the-loop” offering, according to Gartner, Inc. Despite growing demand for greater automation and increasing sophistication of tech innovations, machine learning solutions for corporate legal teams will struggle with the high levels of domain expertise required and high rates of exceptions expected.
Smart Manufacturing Spend Climbs Over $950 billion in 2030 and 37 Other Technology Stats You Need to Know
ABI Research’s reports that dozens of always-on 5G portable device models will hit the market in 2022 when sales of these 5G devices will exceed $12 million, growing to $46.5 million by 2026.
Enterprises—More Open than Ever to Outsourcing—Will Drive Double-Digit Growth in Finance and Accounting Outsourcing (FAO), According to Everest Group
Everest Group projects that the finance and accounting outsourcing (FAO) market will grow significantly (up to 10% year-on-year) in 2022, because enterprises are demonstrating an openness toward expanding their scope of services with third-party service providers.