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Global Talent Is Ready to Embrace Reskilling Amid GenAI Advances — BCG - June 24, 2024

A recent study by BCG shows 75% of global workers believe GenAI will disrupt the workplace, but 57% are willing to retrain for new roles, and 64% feel confident in job negotiations. The report, based on survey data from over 150,000 workers in 188 countries, highlights the proactive approach workers are taking to adapt to technological changes, demonstrating confidence in thriving in a changing job market.

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79% of Executives Attend Global Events to Learn from Real Case Studies, 55% Also Cite Networking with Peers — Everest Group - June 21, 2024

According to a recent poll by Everest Group, business executives attending global conferences are primarily interested in learning from real case studies and networking with peers. The poll revealed that 79% of executives prioritize learning from real case studies, while 55% are interested in meeting and networking with peers.

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Worldwide Public Cloud Services Revenues Grew 19.9% Year Over Year in 2023 — IDC - June 18, 2024

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 - June 13, 2024

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 - June 4, 2024

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 - 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.

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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.

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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.

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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.

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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.

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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.

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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.

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