Latest News & Executive Interviews
ERP Buyers Increasingly Rely on Software Reviews for Selection — G2 - May 7, 2024
Understanding the nuances of utilizing reviews effectively emerges as a crucial facet for prospective buyers who seek to navigate the complexities of the ERP selection process. A recent G2 study sheds light on the advantages and challenges associated with leveraging software reviews in the ERP procurement journey.
VVC Teams Work on End-to-End Film-Grain Management for Today's Diverse Digital Video Environment — MC-IF - May 6, 2024
The Versatile Video Coding (VVC) community is exploring new ways to optimize the efficacy of film grain to accomplish creative objectives and overcome technical limitations in digital video. Dolby and InterDigital are researching how VVC can improve the entertainment technology sector and deliver compelling visual experiences to audiences.
Slower Growth Forecasted for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins? — IDC - May 2, 2024
Global spending on Telecom and Pay TV Services reached $1,509 billion in 2023, up 2.1% from 2022. IDC predicts a 1.4% growth in 2024 to reach $1,530 billion. The market slowed due to economic factors in the Americas, but telecom operators' tariff increases led to faster-than-expected growth in the EMEA region. However, these tariff adjustments also resulted in customers migrating to cheaper packages, limiting actual value growth.
FLX-100 Index Reveals DMV Labor Market Trends: Caution, Trust Issues, Hybrid Work, and Part-Time Opportunities — FlexProfessionals - April 29, 2024
FlexProfessionals CEO Gwenn Rosener notes the cautious approach of small and medium businesses toward post-COVID-19 labor market trends. Their inaugural edition of the FLX-100 Index indicates a shift towards flexible hiring practices, such as part-time and hybrid work arrangements, which is essential for smaller businesses to compete with larger corporations for talent.
Navigating the SEC Cybersecurity Ruling — GigaOm Reports - April 22, 2024
The latest SEC ruling on cybersecurity will almost certainly have an impact on risk management and post-incident disclosure, and CISOs will need to map this to their specific environments and tooling. The new SEC ruling requires disclosure following an incident at a publicly traded company — and should come as no surprise to any organization already dealing with data protection legislation, such as the GDPR in Europe or California’s CCPA.
73% of Business Leaders are Ill-Equipped for AI Transformation, Citing Limited Time, People, and Funds — Kearney Reports - April 12, 2024
A new report from Kearney finds 70% of business leaders expect AI disruption in the next 5 years, but only 20% feel prepared. Limited resources are cited as the primary reason. Additionally, a lack of understanding about AI from leaders is also contributing to the problem.
CFOs View AI as a Means to Drive Growth but Uncertain on Where to Begin — Coupa Reports - April 10, 2024
45% of CFOs plan to invest in AI for growth, but 89% doubt successful implementation. Economic uncertainty is a major concern for CFOs, with 90% worried about hitting growth and revenue targets. High-interest rates, rising energy prices, and supply chain disruptions are seen as major external threats. Additionally, 39% of CFOs struggle to keep up with AI advancements.
Top Performing Midmarket Companies Invest 285% More in Cybersecurity — Corsica Technologies - April 8, 2024
In today’s rapidly evolving technological environment, midmarket companies grapple with meeting the demands of both internal operations and external customer expectations. From cybersecurity to data integration, the complexity of technology requirements presents significant challenges.
Many organizations turn to outsourcing as a viable solution. But how do they navigate this landscape effectively? What are the critical pain points, and how can they choose the right outsourcing partner?
Organizations Should Evaluate Four AI Deployment Classes in Preparing for the EU Artificial Intelligence Act — Gartner Reports - April 3, 2024
With the European Parliament’s approval of the European Union (EU) Artificial Intelligence (AI) Act, most companies are not prepared to comply with these sweeping AI regulations. A recent Q&A with Nader Henein, VP Analyst at Gartner, helps to paint a picture of how well-prepared companies are, what they need to do to get ready in the near-term, and how to get started.
Unlocking The Power of Automation to Optimize Business Shared Services — IDC Reports - April 1, 2024
IDC's recent report highlights the benefits of implementing shared services in business to boost efficiency, reduce costs, and standardize processes. However, despite its long-standing application, shared services present significant challenges. IDC's survey found that in all industries, the time required to complete tasks should be reduced by 50%.
Investing In Customer Success Delivers 107% ROI Within Three Years — Forrester Insights - March 29, 2024
Consolidating customer success efforts into a dedicated team can result in significant benefits for a company, including improved customer retention rates, additional cross-sell and upsell opportunities, and reduced support calls. A study by Forrester found that a composite $1 billion firm with 5,000 current accounts can expect to accrue a net-present cash flow of over $13.4 million and recover the full investment within three years.
IPTV Enhances Venue Experience and Fan Engagement During March Madness — Vitec - March 27, 2024
March Madness attracts fans not only for the thrilling games but also for the iconic venues that host them. Maximizing the venue experience is critical for tournament and venue decision-makers. IPTV is rapidly emerging as an important feature at athletic facilities and arenas, playing an increasingly important role in delivering a diverse fan base's desired experience. Attendees at live games during March Madness experience much more than just the games themselves.
Board and C-Suite Leaders Diverge on How to Address Critical Business Challenges — Protiviti, Broadridge and BoardProspects Reports - March 25, 2024
A new survey by Protiviti, BoardProspects, and Broadridge Financial Solutions reveals that boards and C-suite leaders do not always agree on how to achieve common goals. Bridging these gaps is crucial as companies face several challenges, including an uncertain macroeconomic environment, a global war for talent, rising geopolitical risks, cyberattacks, and other existential threats.
Record $11.1 Billion in Political Ad Spend in 2024 — Forecast From BIA - March 21, 2024
Political spending is predicted to reach $11.1B in 2024, with traditional advertising still accounting for 70.2% of political ad spend. TV OTA is expected to receive the largest share of political ad dollars at $4.6B, followed by PC/Laptop at $1.3B and Cable TV at $1.1B. Cable TV is the only media channel expected to decrease from 2020, by nearly $183M.
Employee Compensation to Grow Faster than Inflation in 2024 — Gartner CFO Survey Findings - March 20, 2024
CFOs are prioritizing employee compensation, with 71% planning to increase it in 2024 above the inflation rate. Employee compensation is the second most important area, with 82% of CFOs planning an increase in 2024, although most are planning to give 4% to 9% increases, which is a decrease from last year.
New Data Reveals Global Video Entertainment Growth Surge — Futuresource Consulting Reports - March 18, 2024
Global spending on video entertainment is up, with 6% YoY growth in 2023, amounting to a $324 billion annual spend. James Duvall, Head of Entertainment at Futuresource Consulting, expects further expansion this year, despite inflationary pressures. The sector achieved 6% YoY growth in 2022 and 2023, with an additional $10 billion expected this year.
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.