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.
Read MoreAccording to a recent IDC report, about 32% of the Asia/Pacific organizations surveyed expressed their commitment to invest in generative AI technologies, with 38% exploring use cases to implement Generative AI. These digital-first enterprises are looking to apply generative AI as a key lever to elevate enterprise intelligence and drive internal efficiencies.
Read MoreLegal and compliance leaders should address their organization’s exposure to six specific ChatGPT risks, and what guardrails to establish to ensure responsible enterprise use of generative AI tools. LLM tools are prone to several risks, meaning legal and compliance leaders should assess if these issues present a material risk to their enterprise and what controls are needed, both within the enterprise and extended third and nth parties to avoid legal, reputational, and financial consequences.”
Read MoreAs organizations solidify hybrid work programs, reliability, quality, and robustness of meeting spaces–ensuring technology works every time with minimal support – remains a top concern for IT and AV professionals. For business leaders, equitable experiences for remote and onsite meeting participants are now a high priority.
Read MoreWith advancing 5G roll-outs, the opportunity for software and service-based security is emerging quickly due to the need to secure virtualized and cloud-based assets at the edge of the Radio Access Networks (RAN) and in the core. ABI Research expects a diverse multi-vendor cybersecurity market to leverage and adapt the best digital security technologies to the 5G ecosystem, creating a rich and innovative market to protect all aspects of 5G networks.
Read MoreLabor productivity levels are historically low and stalled out largely due to a lack of investment in workforce innovations. One clear symptom is that turnover is 33% higher in supply chain organizations compared to pre-pandemic levels. While that may paint a discouraging picture, it also provides an excellent basis for supply chain leaders to experiment and rethink how they unlock, mobilize and augment the workforce to greater productivity.
Read MoreAccording to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.
Read MoreA 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.
Read MoreHigh-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.
Read MoreOrganizations 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.”
Read MoreEmployees 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.
Read MoreThe 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.
Read MoreSurvey 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.
Read MoreOf 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.
Read MoreAs technology leaders navigate the hype cycles of emerging technologies like Web3 and the metaverse, they are also contending with obstacles such as technical debt, a shortage of talent and skills, and a turbulent global economic environment that is prompting companies around the world to examine their broader innovation strategies and spending on new technologies.
Read MoreThe 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.
Read More68% of marketing leaders believe collecting first-party customer data with an appropriate balance of customer value exchange and privacy will become more challenging in 2023, according to a recent Gartner survey. The survey revealed that 85% of respondents had implemented a formal policy to manage customer data, yet privacy remains an ongoing challenge.
Read MoreDespite the current economic uncertainty, 72% of high-tech leaders in the U.S., Canada, and Western Europe have plans to grow revenue in 2023, according to a survey by Gartner, Inc. Furthermore, nearly half of those leaders believe they will be able to outperform their competition this year.
Read MoreCompanies across industries are underutilizing automation capabilities and underestimating the challenge of transitioning workers to jobs of the future, according to new research by Bain & Company. Survey findings show that workforce augmentation across industries has reduced costs by as much as 30%.
Read MoreOutdated short-term growth strategies that focus on extracting value from customers no longer work. Dramatic changes in buyers’ behavior, evolving business models, and technological advances mandate a shift in how companies design their strategies and operate their organizations. To drive profitable and sustainable business growth in this environment, alignment in B2C firms is critical to powering a customer-obsessed growth engine.
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