Latest News & Executive Interviews
20 Years After Passage of Sarbanes-Oxley Act, Companies Face Continuing Struggle to Moderate Compliance Costs, Finds New Protiviti Survey
The thirteenth annual Sarbanes-Oxley (SOX) Compliance Survey, conducted by Protiviti, finds that hours devoted to SOX compliance increased for 53% of companies across most industries, company sizes and reporting types. The 2022 survey results illustrate the need for companies to explore alternative delivery models and automation for SOX compliance to drive a more effective and efficient execution strategy in the face of numerous challenges.
Gartner Sales Survey Finds 83% of B2B Buyers Prefer Ordering or Paying Through Digital Commerce
Eighty-three percent of B2B buyers say they prefer ordering or paying through digital commerce, according to Gartner, Inc. A Gartner survey of 725 B2B buyers from November through December 2021 found that digital commerce has rapidly become the norm and the preferred way to complete B2B purchases.
BIA Decreases 2022 Estimates for U.S. Local Advertising Revenue to $167.4B Indicating Headwinds for the Overall Local Advertising Marketplace
BIA Advisory Services has decreased its 2022 U.S. Local Advertising Forecast estimate to $167.4 billion, from its original estimate of $173.3 billion issued in December 2021. Headwinds from overseas conflicts, continuing supply chain issues, and deep cuts in ad spending from large verticals like automotive precipitated the reduction.
Quality, Complexity Management and Trust Emerge as Keys to Success Across Competitive Digital Experience Markets
Comprehensive ecosystem-wide collaboration and coordination will be the key to meeting the needs of increasingly sophisticated consumers who demand high-quality experiences that are easy and safe to use. So says Jon Kirchner, CEO of Xperi Corporation—a holding company that houses several iconic brands including TiVo, HD Radio, DTS and IMAX Enhanced—in a recent podcast interview for journalists.
The Steel Industry Will Be Investing $6 Billion Per Annum in Digital Transformation by 2030, Finds ABI Research
According to ABI Research, steel manufacturers’ investment in digital transformation will grow at a CAGR of 10.9% between 2022 and 2031, reaching $5.9 billion. Investment into data analytics to optimize the steel production process will lead to worth up to $2.9 billion in 2031.
Boston Consulting Group Finds: Global Wealth Grew by Double Digits to $530 Trillion in 2021, Despite Continued Crises
Global wealth reached a record high of $530 trillion in 2021, fueled by strong equity markets and a surge in demand for real assets, according to Boston Consulting Group (BCG).
Next-generation Diagnostics Paving the Way to Reach Personalized Medicine, Finds Frost & Sullivan
New technologies, sequencing methods, novel software algorithms, and multi-omic approaches empower patients to take more active control of their health outcomes and offer them personalized medicine. The market has a promising future outlook, and its revenue is expected to grow from $99.23 billion in 2021 to $138.34 billion by 2026 at a CAGR of 6.9%.
Edge Machine Learning Enablement Market to Exceed $5 Billion by 2027 Finds ABI Research
In recent years, the industry has witnessed the migration of Machine Learning (ML) closer to the data source to create a better user experience and enhance privacy. To ease the challenges in design and development and accelerate adoption, many companies are offering development platforms, tools, libraries, and solutions for edge ML applications.
Stewart Stropp: EV Consideration Study from J.D. Power Illustrates Need for More Information & Transparency to Increase Adoption
Now that we’re well into 2022, electric vehicles (EVs) are gaining tangible traction in the auto market. Ongoing product launches, infrastructure build-out, policy change and rising gas prices are greasing the ramp-up in consumer interest. But significant work lies ahead if the industry wants to accelerate the transition from early to mass adoption of EVs. A lack of information on the value and ownership propositions has left a large swath of new-vehicle shoppers reticent to make the electric leap. Automakers, retailers and other stakeholders need to ‘rewrite the script’ to change consumer attitudes and increase interest in EVs.
BTR Roundtable: Culture of Automation, Standardization and Ad-Hoc Collaboration Emerges as Key to Success in ISR Applications Across Emergency Management Operations
BizTechReports presents an open and industry-focused conversation on the role of ISR in providing support for emergency management agencies as well as the hurdles in the way of accelerated adoption. Our panel of experts explore the latest evolutions in ISR technologies and how these systems can be rapidly deployed by prospective agencies. We also identify the various stakeholders within the target audience groups of ISR technologies providers and some best practices for how the ISR community can work together to identify and engage with emergency management agencies.
Strategy Analytics: Global Smart Speaker Shipments Declined 5% in 1Q22 Amid Disruption from War and a Resurgent COVID Virus
New disruptions to the global component shortage caused by Russia's war against Ukraine and a resurgence of COVID-19 in greater China have disrupted the smart speaker and smart display markets, according to the latest research from Strategy Analytics.
Recycled PVC Payment Cards see a Surge, with Shipments Set to Rise to 638 million in 2026
Banks and financial institutions have pivoted even further toward sustainable offerings in the payments market. Now this is expanding beyond the material side, which is still seeing rapid uptake as it relates to payment card shipments, and into other offerings and solutions that are tackling the issue of sustainability.
Integrating EDI, Emerging Technologies and Value-Added Networks to Streamline Trading Partner Relationships
To keep the global supply chain running, small and mid-sized organizations often get caught in a tough squeeze between large trading partners on the buy-and-sell side of the equation. It is not unusual for large trading hubs (large multinational corporations) to adopt varying practices and technologies that result in unique requirements, adding costs and complexity to the business-to-business (B2B) e-commerce process.
Gartner Survey Reveals Marketing Budgets Have Increased to 9.5% of Overall Company Revenue in 2022
Marketing budgets have climbed to 9.5% of total company revenue in 2022, an increase from 6.4% in 2021, according to Gartner, Inc. While marketing budgets are increasing this year, they still lag pre-pandemic spending levels.
Boston Consulting Group Finds: Micromobility Has Great Promise for Cities—if Integrated into the Current Transportation Landscape
As cities worldwide grapple with the impact of increasing vehicular traffic, micromobility has the potential to reduce congestion and pollution, while offering accessible, convenient, and affordable forms of transportation.
More Than 2 Billion Shipments of Devices with Machine Learning will Bring On-Device Learning and Inference Directly to Consumers by 2027, Finds ABI Research
Artificial Intelligence (AI) is all around us, but the processes of inference and learning that form the backbone of AI typically take place in big servers, far removed from consumers. New models are changing all that as the more recent frameworks of Federated Learning, Distributed Learning, and Few-shot Learning can be deployed directly on consumers’ devices that have lower compute and smaller power budgets, bringing AI to end-users.
Australia's Spending on Artificial Intelligence (AI) to Double to $3.6 Billion by 2025, Says IDC
According to IDC Australia's spending on AI systems will grow to $3.6 billion in 2025, representing a compounded annual growth rate of 24.4% for the period of 2020-25. Organisations have increased their investment in artificial intelligence (AI) to keep up with the changing digital environment, which aids in better business decision-making and customer service.
Less Than 20% of Retailers Are on Track to Meet Their Sustainability Targets, but There Are Reasons for Optimism, says BCG Study in Partnership with World Retail Congress
The retail industry must work harder and faster to make a meaningful impact to deliver on climate change commitments. Boston Consulting Group highlights the need for a seismic shift in attitudes and business processes to place sustainability at the core of corporate strategy, decision making, and value creation.
Auto OEMs to Invest $515 Billion in EV-Related Technologies and Upgrades – But Supply Chain Challenges Remain Finds ABI Research
Based on updated Electric Vehicle (EV) introduction plans announced recently by automakers, the complete transition to EV production for many OEMs could come as soon as 2030. According to ABI Research, auto OEMs will invest an estimated $515 billion in EV-related technologies and manufacturing plant upgrades over the next 5 to 10 years.
ABI Research Finds IoT Partner Programs Making the Move Toward Renewable Energy Verticals
ABI Research finds that not only parents of partner programs are continuing their long history of partnering with system integrators, OEMs, and professional services providers to enable full-scale end-to-end IoT solutions, but also are now branching out into renewable energy verticals.