Latest News & Executive Interviews
YouTube Tops Most Popular Video Services as Free Viewing Increases Lead Over SVOD — Omdia Reports - March 14, 2024
New data from Omdia shows that after five years of increasing stacking, the once-dominant model is showing signs of strain. Omdia's analysis revealed that the number of SVOD services per household has declined in some markets for the first time, while free video stacking is still on the rise. YouTube continues to lead in key markets, boosting the sector's lead over paid content. Other social video platforms and FAST services are also growing.
Aided by the Democratization of Generative AI, the Robotics AI Chipset Market is Expected to Reach $866M globally by 2028 — Omdia Reports - March 13, 2024
As ML-powered robotics workloads continue to diversify, GenAI technology is emerging as a game-changer. Foundation models are expected to replace or enhance existing ML and deep learning models, leading to more capable and robust robots. This has led to a rise in the global robotics AI chipset market, estimated to reach $866 million by Omdia.
Over 30% of GenAI Services Interactions Will Use Action Models & Autonomous Agents for Task Completion by 2028 — Gartner - March 12, 2024
Gartner predicts that by 2028, one-third of GenAI interactions will involve autonomous agents using AI techniques to complete tasks. Autonomous agents are systems that can accomplish specific goals without human intervention and can improve over time. In the future, users could directly interface with autonomous intent-driven agents, enabling a higher degree of autonomy and better alignment with human goals.
Worldwide Ethernet Switch Market Delivered Robust Growth in 2023 While the Router Market Saw a Slight Decline, According to IDC - March 11, 2024
Recent findings from IDC report the Ethernet switch market revenue grew by 20.1% to $44.2 billion in 2023. The datacenter segment of the market rose by 13.6%, and ODM direct sales increased by 16.2%. However, the enterprise and service provider router market saw a decline of 0.4% in revenue.
Vendors Diversify Amid the Increasingly Competitive Video Conferencing Market — Futuresource Consulting Reports - March 8, 2024
The pandemic caused a surge in video conferencing as remote work increased. Companies had to invest in video conferencing tools to keep operations going. Although some have returned to the office, hybrid work models are still common. As the market becomes more competitive, how are hardware vendors adapting?
33% of Households with Insurance Would Switch Providers to Acquire Smart Home Devices — Parks Associates Reports - March 7, 2024
A recent study from Parks Associates found that one-third of US households would switch their homeowner’s/renter’s insurance provider to acquire smart home devices. Smart home devices can detect and prevent costly damages, like water and faulty wiring, which can reduce premiums, claims, and payouts. Water damage is the most common home damage, costing an average of $9,633, while flood/weather-related damage costs an average of $8,625.
How Workplace Flexibility Contributes to Gender Pay Gap Reduction and Why Big City Employers Should Care — FlexProfessionals - March 5, 2024
Companies struggling to bridge the white-collar talent gap in major metropolitan areas would be well advised to understand the role of flexible work arrangements in attracting and retaining women -- an increasingly important pool of labor in an otherwise constrained environment. So says Gwenn Rosener, CEO of FlexProfessionals, a recruiting and staffing agency for professionals that serves the Washington DC and Boston metropolitan areas, in a podcast interview for journalists.
Businesses Balancing Ambition with Regulation and Evolving Roles as Sustainability Becomes Big Focus in 2024 — KPMG Reports - March 4, 2024
According to new research from KPMG, ESG, and broader sustainability strategies have made their way to the top of board agendas in 2024 despite business leaders facing a bulging inbox of issues and challenges. Almost all respondents reported high ambitions for ESG in their organizations, and half now view sustainability as a strategic issue embedded in core business operations.
80% of D&A Governance Initiatives Will Fail by 2027, Due to a Lack of a Real or Manufactured Crisis, Predicts Gartner - February 29, 2024
According to Saul Judah, VP Analyst at Gartner, a D&A governance program must prioritize business outcomes to be successful. During crises, successful CDAOs quickly pivot their D&A strategies to help their organizations. A strategic approach, positioning D&A as an essential business-centric model, is more effective than a reactive, tactical approach that only focuses on data governance.
eSIM Installed Base in IoT to Top $3.6 billion by 2030 — New Research from Omdia - February 27, 2024
The GSMA SGP.31/32 specifications have paved the way for mass adoption of eSIM technology. Enterprises can now enjoy easier device management, wider network coverage, and better commercial terms. Omdia predicts a surge in eSIM technology adoption in IoT from just over 1 billion in 2023 to over 3.6 billion in 2030.
Generational Tensions Linked to Lower Workplace Productivity in the UK and US — Protiviti Reports - February 26, 2024
A recent study finds employees who are significantly younger than their managers tend to have lower productivity levels than those who are closer in age. The study cites a lack of collaboration between different generations as the cause of friction and suggests that companies can improve productivity by adopting intergenerationally inclusive work practices.
IT Distribution Revenues Remained Under Pressure In Q4 2023, According to IDC - February 22, 2024
IT distributor revenue fell 6.2% YoY to $20.6B in Q4 2023 (4Q23), marking the fifth consecutive quarter of decline. Enterprise spending on software, services and networking grew consistently, while consumer categories like personal computing, AV, imaging, electronics, peripherals and accessories surged in the pandemic but have since declined from their pandemic highs.
Ongoing Digitization of UK Legal Sector Elevates Exposure to Cyber Risks — Cysurance - February 21, 2024
UK law firms face increasing financial fraud and ransomware attacks, posing severe threats to both the firms and their clients. Leaders in the sector must reassess their risk mitigation strategies. Nic Miller from Counter-RansomwareTM warns that law firms are often targeted since they handle high-value payments and possess sensitive client data.
How to Gain Cloud Market Share in 2024 — TBR Reports - February 21, 2024
The cloud market has been growing for over a decade, rewarding leaders who established scale. Some vendors in infrastructure and SaaS capitalized on this growth to become the largest cloud providers in their segments. However, they experienced revenue slowdowns in 2023 due to the market shift towards new features, capabilities, and go-to-market programs, as well as the "law of large numbers".
Top Supply Chain Organizations are Using AI to Optimize Processes at More Than Twice the Rate of Low Performing Peers; Gartner Reports - February 20, 2024
Top-performing supply chains are investing in AI/ML to optimize their processes twice as much as low-performing peers. The best organizations focus on productivity, not efficiency or cost savings, to sustain growth. A recent Gartner survey aims to understand how supply chains are adapting to changes in economic values and harnessing digital assets for productivity.
Driving Innovation: Automotive Brake-by-wire Systems Market Set for USD 10.33 Billion Growth — Technavio Reports - February 19, 2024
The automotive brake-by-wire systems market is expected to have a CAGR of 25.64% from 2022 to 2027, resulting in a market size surge of USD 10.33 billion. This is due to the effectiveness and efficiency of brake-by-wire systems, the trend of vehicle electrification, and the demand for lightweight vehicles. Major players like Brembo Spa, Continental AG, Haldex AB, and others are strengthening their market presence through alliances, partnerships, and innovation.
Transforming Industries and Addressing Global Challenges: The Rise of DeepTech — IDC Reports - February 16, 2024
DeepTech, a class of emerging technologies built on scientific and engineering innovation, is set to reshape industries and address social challenges. By aligning with the UN Sustainable Development Goals, DeepTech has the potential to make a significant social impact in areas such as healthcare, sustainability, and transportation.
New Research Reveals That 90% of Organizations Using AI to Create KPIs Report KPI Improvement — BCG Reports - February 15, 2024
The latest report by MIT SMR and BCG suggests that more and more companies are using AI to improve their KPIs, resulting in improved legacy performance metrics. The report is based on a global survey of over 3,000 respondents from various industries and interviews with executives leading AI initiatives. Most companies have yet to fully utilize the capabilities of AI to measurably improve their important metrics despite its ability to provide advanced analytics and predictive insights.
New MC-IF Guidelines and Best Practices for Implementing VVC in Streaming and Broadcasting Environments Presented at Mile High Video 2024 — Media Coding Industry Forum - February 13, 2024
According to Lukasz Litwic, Research Leader at Ericsson, Versatile Video Coding (VVC) offers broadcasters and streaming service providers new options for delivering high-quality digital entertainment experiences. VVC also provides a future-proof strategy for dealing with the constantly-evolving technological landscape. Litwic will unveil guidelines and best practices for implementing VVC for Next-Gen Video Experiences at the Mile High Video conference in Denver
2024 Poised to be a Breakout Year for Versatile Video Coding — Justin Ridge, MC-IF - February 13, 2024
As demand for high-quality video continues to rise rapidly with the popularity of streaming services, social media video, and user-generated content, analysts at Verified Market Research project that the market for video encoding technology will reach $3.1 billion by the end of the decade, growing at a steady CAGR of 5.31%.
It is in this context that Versatile Video Coding (VVC) — a video codec that offers improved efficiency and applicability for a wide range of applications — provides significant business and economic implications for many sectors of the economy that depend on high-quality video experiences.