Latest News & Executive Interviews
79% of Executives Attend Global Events to Learn from Real Case Studies, 55% Also Cite Networking with Peers — Everest Group - June 3, 2024
Business executives attend global conferences to learn from real case studies and to network with peers, according to a poll by Everest Group. The agenda for Everest Group Engage aims to meet these objectives and provide impactful insights to attendees.
IoT Security on the Edge Is Never Absolute — Michael Skurla, Radix IoT - May 30, 2024
By 2025, global IoT adoption is expected to peak, potentially generating $4-11 trillion in economic value. However, this surge in IoT devices also brings security risks, leading to a rise in global IoT attacks. While IoT networks empower enterprises, the market is not fully prepared to invest in IoT security.
Worldwide AI Chips Revenue Forecasted to Grow 33% in 2024 — Gartner - May 29, 2024
AI PC shipments are forecasted to reach 22% of the total PC shipments in 2024, and by the end of 2026, 100% of enterprise PC purchases will be AI PCs. AI PCs include a neural processing unit (NPU), enabling AI PCs to run longer, quieter, and cooler and have AI tasks running continually in the background, creating new opportunities to leverage AI in everyday activities.
Women Leaders in Tech Outpace Men Counterparts in Generative AI Adoption — Boston Consulting Group - May 28, 2024
According to a recent report by BCG, women are keeping up with or even slightly outpacing men in adopting GenAI in the workplace. The report, based on a global survey of over 6,500 employees in the technology industry, suggests that GenAI presents an opportunity to reduce the gender gap in tech.
Only 24% of Companies Claim to be Prepared to Meet Impending Sustainability Requirements — Bain & Company - May 24, 2024
New research from Bain & Company finds only 24% of companies are prepared for upcoming sustainability reporting requirements. Nearly 90% of companies surveyed agree digital technology improvements are crucial for their sustainability goals. Still, most are not taking the required actions - but are under pressure to anticipate additional reporting requirements as the global regulatory landscape rapidly changes.
IT Skills Shortage Expected to Impact Nine out of Ten Organizations by 2026 with a Cost of $5.5 Trillion in Delays, Quality Issues and Revenue Loss — IDC - May 22, 2024
The growing IT skills shortage is impacting organizations worldwide, leading to missed revenue growth, quality problems, and decreased customer satisfaction. By 2026, over 90% of organizations are expected to experience this crisis, resulting in an estimated $5.5 trillion in losses.
CFOs Must Treat Cybersecurity as a Business Decision — Gartner - May 21, 2024
Recent findings from Gartner show that CFOs should prioritize cybersecurity investments for defensible performance and outcomes. Executives must develop a cybersecurity posture they can defend to stakeholders, treating it as a business investment.
Adeia CTO Serhad Doken to Address Energy Efficiency Misconceptions in Video Distribution During Streaming Media NYC 2024 Panel - May 20, 2024
Adeia Inc. announced that its CTO, Serhad Doken, will join a panel on streaming media sustainability at the Streaming Media NYC conference on May 22. Executives will discuss reducing the carbon footprint of the media and entertainment technology supply chain.
Global Executive Have Positive View of Government Role in Regulating Emerging Technologies — Protiviti - May 20, 2024
According to a survey by Protiviti and the University of Oxford, global business leaders expect their government to positively impact their companies' success over the next decade. Emerging technology, such as AI and blockchain, will require government regulation, with 82% of executives anticipating a role in addressing these issues.
Asset Managers Need to Leverage AI to Drive Future Growth — BCG - May 17, 2024
The global asset management industry rebounded in 2023, with total assets under management (AuM) reaching nearly $120 trillion, a 12% increase from 2022. However, industry revenues only grew by 0.2%, while costs rose by 4.3%, leading to an 8.1% decline in profits. According to a recent report from BCG, asset managers need to leverage artificial intelligence and focus on enhancing productivity and product personalization to remain competitive.
Changing Buyer Behaviors and Expectations Require a Complete Revenue Process Transformation for B2B Firms — Forrester - May 15, 2024
New research from Forrester highlights the need for B2B firms to undergo a complete revenue process transformation to adapt to changing buyer behaviors and expectations. The research emphasizes the importance of aligning marketing, sales, and customer success functions to prioritize the customer and create meaningful interactions.
Report Highlights Key Tech Trends for Government Modernization — Gartner - May 13, 2024
A new report from Gartner identifies five tech trends that will transform government operations by 2024: adaptive security, digital identity, AI, digital platforms, and programmatic data. IT plays a pivotal role in driving government transformation by modernizing operations and meeting citizens' needs.
Data Enrichment Promises to Revolutionize B2B Companies' Use of Information — Primer - May 8, 2024
Data enrichment can help B2B companies leverage their data to uncover insights and drive growth. With enriched data, businesses can target customers more precisely, personalize marketing campaigns, refine product lines, and explore new avenues for growth. However, data enrichment poses challenges such as data silos, outdated methods, overlooking external data, lack of clear strategy and objectives.
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.