Latest News & Executive Interviews
Banks Should Adapt Lending Strategies to Account for Increasing Physical Risks of Climate Change, Finds Bain & Company and Jupiter Intelligence
A recent analysis of European banks found that just 18% have begun to integrate physical risks into their mortgage lending strategies. However, the vast majority of European banks are yet to incorporate physical risks into their strategy definition, monitoring processes, target setting, product offering, or client engagement.
Improving Developer Experience is Driving Software Engineering Technology Adoption, Finds New Gartner Survey
High-quality developer experience has become a critical priority in software delivery, with 58% of software engineering leaders reporting that developer experience is “very” or “extremely” critical to the C-suite at their organizations. Enhanced developer experience or productivity is cited as the top value factor for the adoption of several technologies and practices across the software development lifecycle.
Global Investments In Engineering And R+D To Grow At 10% CAGR Despite Downturn, Finds Bain & Company
Businesses’ global investments in engineering, and on research and development in the engineering (ER&D) sector, are set to rise strongly over the next five years, expanding at a double-digit compound annual growth rate (CAGR) of 10% up to 2026 despite currently uncertain economic conditions, Bain & Company’s latest research reveals.
81% of Marketing Leaders Have Contingency Plans in Response to Disruptions, But Just 21% Follow Them, Finds Gartner Survey
81% of marketing leaders have established a contingency plan to respond to disruptions, but just 21% follow these plans as marketers weather the storm of continued economic and geopolitical uncertainty. A recent Gartner survey revealed that 44% of digital marketing leaders who enacted a contingency plan during an economic disruption event exceeded the organization's year-over-year profit growth.
NAB 2023: Ecosystem Optimization and Consumer Education Will Drive High Dynamic Range Adoption Through 2023
"HDR is on track to achieve a critical mass of market penetration over the next few years as technical standards mature and key players throughout the content creation, capture, distribution and consumption ecosystem optimize and integrate their go-to-market processes," says Rick Dumont, Head of Business Development for HDR and Wireless at Philips, in a podcast interview for journalists.
Emergent Function Analysis May Help Understand Unpredictable AI Behavior -- Ted Shelton, Bain & Company
What actually happened could not have been scripted better in Hollywood. As part of an experiment, a cloud-based AI chatbot was tasked to access an online resource protected by a CAPTCHA gateway -- which, of course, is specifically designed to keep robots out. To solve the puzzle, the AI engaged a human through a virtual assistant service, who is tricked into getting the chatbot through the gateway.
How?
The chatbot lies.
Employees Are 12% More Likely to Leave Their Workplaces if Employers Don’t Establish Explicit Hybrid Work Norms, Says Gartner
Organizations lacking hybrid work norms can increase the chances of an employee leaving by 12%. “Today’s hybrid work models lack informal channels for absorbing norms that are present in an office setting,” said Caitlin Duffy, director of the Gartner HR practice. “As organizations create more formalized hybrid work models, HR leaders can reduce friction and increase engagement by establishing and communicating new norms intentionally.”
Internet of Things Poised to Transform Multi-Dwelling Unit Industry -- VANTIVA's Reza Raji
As Internet of Things (IoT) technologies continue to mature at an ever accelerating rate, the property management industry is uniquely positioned to take the integration of consumers' physical and digital lives to the next level, says Reza Raji, senior vice president of IoT at VANTIVA -- formerly known as Technicolor -- in a podcast interview for journalists.
A Zero-trust Approach is Essential for Achieving Effective AD Security, Says Frost & Sullivan
Ransomware attacks are on the rise, increasing in frequency and complexity. The 2022 Verizon DBIR shows that ransomware attacks recorded a 13% increase in 2022 while the FBI’s annual Internet Crime Report links $34.3 million in financial losses to ransomware attacks. In many cases, Active Directory (AD) attacks significantly influence the breadth impact of ransomware attacks.
Cybersecurity Landscape for Consumer Connected Devices Increasingly Perilous – CUJO AI
As we examine the tens of millions of threats targeting consumer devices, our security researchers see three distinct trends in today’s home cybersecurity landscape.
Worldwide PC Shipments Declined 30% in First Quarter of 2023, Says Gartner
Worldwide PC shipments totaled 55.2 million units in the first quarter of 2023, a 30% decrease from the first quarter of 2022, according to preliminary results by Gartner, Inc. An unfavorable combination of oversupply and continued low PC demand due to economic uncertainties and a lack of purchase motivation led to the second consecutive quarter of historic year-over-year decline.
Executive Roundtable: Economics of Hybrid Multi-Cloud Computing Can Be Compelling...But Also Complicated
While technology modernization initiatives are driving most large enterprises to adopt hybrid, multi-cloud computing strategies to optimize agility and performance, the economics of operations can take a lot of work to nail down. This is especially true as organizations come to grips with the dynamic nature of shifting workloads in which mission-critical data and applications flow from one cloud to another -- and, in many cases -- can end up back in on-prem infrastructures.
Down But Not Out: Healthcare Private Equity Deals Reached Nearly $90 Billion in 2022, The Industry's Second-Biggest Year On Record, Finds Bain & Company
Despite a slowdown caused by macroeconomic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare dealmaking due in large part to the white-hot pace of investment at the start of the year. Total disclosed deal value reached nearly $90 billion, down from $151 billion in 2021 but still over $10 billion more than the next-closest year.
Executive Roundtable: Enterprise-Wide Exposure Management Strategies Require Active Multi-Disciplinary Participation
More progress is needed to engage the participation of executives across a range of organizational disciplines to implement effective -- and comprehensive -- exposure management strategies. While interest in -- and executive attention on -- information security continues to rise, the main focus of activity to reduce risk still revolves around finding the right tools to address threat management. Instead, an enterprise-wide approach to exposure management is needed, which takes a comprehensive approach to internal evaluations of vulnerabilities and asset prioritization along with external assessments of threats and attack surfaces.
Four Steps CIOs Can Take to Mitigate IT Employee Fatigue; Gartner Reports
Employees are dealing with digital acceleration, staff departures, adjusting to various working models, and many more workplace disruptions - and they are exhausted. While many organizations are devising good change management plans and implementing cultural changes where needed, many CIOs do not get the results they want because they overlook a critical factor: change fatigue.
New Research Shows Companies Built for the Future Are Generating Shareholder Returns Almost Three Times Greater Than Those of the S&P 1200 — BCG
The fundamental drivers of superior performance and sustainable competitive advantage are changing. Growth opportunities are moving to new markets, including those created by technology disruption, and are expanding in areas related to generative artificial intelligence (AI), the energy transition and low-emission technology as well as in gene therapy, the metaverse, and quantum computing.
Digital Technology: A Catalyst for Health Equity – Bane Hunter
Health equity has long been a cornerstone of effective public health policy, ensuring that individuals have access to the resources and care necessary for optimal well-being, regardless of their social or economic status. Digital technology and artificial intelligence (AI) has the potential to revolutionize healthcare delivery and support the achievement of health equity. Let's consider some of the ways in which digital technology can be harnessed to bridge health disparities and promote health equity for all.
IDC's Forecast for Worldwide IT Spending in 2023 Continues to Slowly Trend Downward
For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion. This is slightly down from 4.5% in the previous month's forecast and represents a swing from a 6.0% growth forecast in October 2022.
Cybersecurity Risk Set to Be a Primary Buying Consideration for Chief Supply Chain Officers, Says Gartner
Survey data has shown an aggressive stance among CSCOs who are looking to invest in growth through multiple new technologies,” said Brian Schultz, Senior Director Analyst in Gartner’s Supply Chain Practice. “However, each new technology introduces new partners, vendors, and service providers into the digital supply chain. The implication for cybersecurity risk is an ever-growing number of new pathways to potential attacks from malicious parties.
Eroding Loyalty Among Banking Customers as They Increasingly Turn to Digital-Native and Neobanks for Ancillary Services, Finds New Bain & Company Study
Of the nearly 30,000 global consumers that Bain & Company recently surveyed, more than 70% said they are interested in having their primary bank use their personal data if it means their banking experiences will be more personalized. This is among the findings of Bain’s 2023 “Customer Behavior and Loyalty in Banking” report.