Board and C-Suite Leaders Diverge on How to Address Critical Business Challenges — Protiviti, Broadridge and BoardProspects Reports
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.
More Than 90% of North American Companies Have Relocated Production and Sourcing Over the Past Five Years — BCG Reports
Five years of disruption marked by trade wars, the pandemic, geopolitical tensions, and severe supply bottlenecks have profoundly redrawn the map of where global companies manufacture and source goods. A new report released today by Boston Consulting Group (BCG), titled Harnessing the Tectonic Shifts in Global Manufacturing, underscores the magnitude of these shifts.
High-Impact Spaces Are the Key to Elevated Collaboration Experiences: New Insights From Frost & Sullivan
As organizations solidify hybrid work programs, reliability, quality, and robustness of meeting spaces–ensuring technology works every time with minimal support – remains a top concern for IT and AV professionals. For business leaders, equitable experiences for remote and onsite meeting participants are now a high priority.
Labor Productivity Declines Endanger Critical Supply Chain Objectives, Says Gartner
Labor productivity levels are historically low and stalled out largely due to a lack of investment in workforce innovations. One clear symptom is that turnover is 33% higher in supply chain organizations compared to pre-pandemic levels. While that may paint a discouraging picture, it also provides an excellent basis for supply chain leaders to experiment and rethink how they unlock, mobilize and augment the workforce to greater productivity.
Recent White House Executive Order to Bolster Care Infrastructure, Cites BCG Research
According to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.
Integrating Cloud-Native Applications into Business Transformation Initiatives Emerges as New Executive Imperative
Cloud-native application development has emerged as a central ingredient of technology modernization elements of business transformation across industries. According to analysts at IDC, enterprises that have implemented cloud-native application development strategies witnessed a marked increase in efficiency, scalability, and productivity, as well as improved user experience.
Effective Safety Communication Strategies Emerge as Critical Area of Focus for Utility Providers
An increase in infrastructure disruptions caused by man-made and natural events has created a demand for utility providers to develop more effective and attainable safety messaging. Between cyber ransomware attacks and an uptick in severe weather with catastrophic consequences, executives in the utilities industry are reviewing the efficacy of their communications plans and the effect it can have on customer satisfaction.
CIO.com Virtual Roundtable: Exploring the Role of Microsoft 365 as Content Management Integration Point for On-Prem and Cloud-based Enterprise Applications
As organizations accelerate the implementation of business transformation and technology modernization initiatives, business leaders are exploring the impact these changes will have on enterprise content management and its associated workflows. A growing number of organizations are exploring the role that collaboration platforms can play in streamlining content management.
Despite Global Semiconductor Shortage, PC Market Continues to Surge with Expected Growth of 18.1%, According to IDC
According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, shipments of PCs are expected to grow 18.1% in 2021 with shipments of just over 357 million units. While IDC still expects PC growth to drop slightly in 2022 (-2.9%), the overall five-year compound annual growth rate (CAGR) remains positive at 3%
How AI is Poised to Revolutionize IT Operations
As the complexity of enterprise infrastructures rise in response to accelerated technology modernization and business transformation, organizations across industries are exploring the role that AI will play in optimizing IT operations while introducing innovative business operations.
Industry Convergence to Propel Cybersecurity Spending in Global Commercial and Public Sectors, Finds Frost & Sullivan
Cybersecurity for commercial and public sectors is estimated to reach $68.01 billion by 2030, driven by the ongoing threat of cyberattacks and government rules concerning privacy policies and data protection. The surge in digital infrastructures, mobile users, and wireless network usage is compelling organizations across sectors to embrace security convergence.
50% of Brands Will Have Failed to Unify Customer Engagement Channels by 2022, Finds Gartner
Through 2022, 50% of large organizations will have failed to unify engagement channels, resulting in a disjointed and siloed customer experience that lacks context. To remedy this, research shows that organizations should deliver frictionless experiences to create more connected experiences for customers to further drive e-commerce.
58% of the Workforce Will Need New Skill Sets to Do Their Jobs Successfully, Finds Gartner HR Research
Gartner data shows the total number of skills required for a single job has been increasing by 10% year-over-year since 2017. Furthermore, one in three skills in an average 2017 job posting in IT, finance or sales are already obsolete. Emerging skills gaps due to ongoing business disruption and rapidly evolving needs have accelerated as a result of the COVID-19 pandemic.
Five Future of Work Decisions HR Leaders Must Make in 2021, Finds Gartner
Major shifts in macro factors, such as customer behaviors and government regulations, and in micro factors, including organizational strategy and policy, have substantially shortened HR leaders’ time horizons when planning for the future.
Four Capabilities for Chief Supply Chain Officers to Compete with Industry Disruptors, Identifies Gartner
Nontraditional competitors – especially digital giants, such as Amazon and Alibaba, as well as startups – are reshaping industries through disruptive innovation, the ability to uncover and address unknown customer needs and very agile supply chains.,
More Than Half of US Companies Are Under Financial or Operational Stress and 14% Are in Distress as Pandemic’s Economic Impact Deepens, Finds BCG
More than seven months into the novel coronavirus pandemic, a disturbingly large number of US companies are at risk, according to new research from Boston Consulting Group (BCG) confirming that economic distress is deeply entrenched and shows no sign of letting up.
82% of Organizations Are Letting Employees Decide When They Feel Safe Returning to the Office, New KPMG Survey Finds
While it seems that employees are successfully working outside their traditional offices, employers have new questions about how to measure productivity in a virtual world. Companies are working on new measures to avoid exposing employees to undue health risks through widespread return-to-office initiatives ahead of available vaccines.
Four Core Competencies Marketing Leaders Must Prioritize to Survive and Thrive in 2021, Says Gartner
To be more agile and adaptive in the year ahead, marketing leaders must prioritize four core competencies with a renewed focus that accounts for the unprecedented changes of 2020. Customer understanding, adaptive planning, data-driven decision making and strategic cost optimization are the core competencies that will help marketing to survive and thrive in 2021.
Service-based Business Models Increase Global Demand for Asset Performance Management, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis, Demand for Asset Efficiency Propels the Global Asset Performance Management (APM) Market, finds there is a growing need to monitor, measure, analyze, and manage the failure of assets as a part of digital transformation initiatives.
US Online Sales To Reach Historic Levels This Holiday Season, Says Forrester
US online holiday sales are estimated to grow 24% year over year in 2020. According to a new forecast report, “US Online Holiday Sales Will Reach Historic Levels Despite Uncertainty From COVID-19,” US online holiday sales will mirror the high growth trend that online retail has experienced since the start of the pandemic.