Worldwide Public Cloud Services Revenues Grew 19.9% Year Over Year in 2023 — IDC

The global public cloud services revenue reached $669.2 billion in 2023, a 19.9% increase from the previous year. Software as a Service – Applications accounted for nearly 45% of the market, followed by Infrastructure as a Service at 19.9%. Platform as a Service and Software as a Service – System Infrastructure Software contributed 18.4% and 17.0% of the total revenue, respectively, with PaaS and SaaS – SIS showing the fastest year-over-year growth.

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Ability to Integrate Growth, Emerging Technologies and Risk Management Emerge as Key Priorities for Enterprise Technology Leaders — Deloitte

CEOs are increasingly focused on integrating new technologies into their business models to drive growth. Two-thirds of technology leaders report directly to the CEO, highlighting the growing importance of the CIO role. It is crucial for CIOs to possess both technological and business skills to drive innovation and create value through emerging technologies.

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Cloud Climbs, Software Soars: Public Cloud & Software Spending to Reach $222 Billion in 2024 — IDC

IDC projects public cloud services will reach $219.3 billion by 2027, with the Asia/Pacific region experiencing significant growth in public cloud services and software investments, investing heavily in cloud-based software, data analytics tools, and AI platforms to optimize operations, enhance customer experiences, and gain valuable insights.

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Worldwide AI Chips Revenue Forecasted to Grow 33% in 2024 — Gartner

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.

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Staff Reports
Only 24% of Companies Claim to be Prepared to Meet Impending Sustainability Requirements — Bain & Company

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.

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Staff Reports
Asset Managers Need to Leverage AI to Drive Future Growth — BCG

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.

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Staff Reports
Data Enrichment Promises to Revolutionize B2B Companies' Use of Information — Primer

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.

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VVC Teams Work on End-to-End Film-Grain Management for Today's Diverse Digital Video Environment — MC-IF

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.

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Slower Growth Forecasted for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins? — IDC

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.

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Staff Reports