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.
Read MoreGlobal 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.
Read MoreNew 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.
Read MoreAs 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.
Read MoreGartner 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.
Read MoreRecent 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.
Read MoreThe pandemic caused a surge in video conferencing as remote work increased. Companies had to invest in video conferencing tools to keep operations going. Although some have returned to the office, hybrid work models are still common. As the market becomes more competitive, how are hardware vendors adapting?
Read MoreA recent study from Parks Associates found that one-third of US households would switch their homeowner’s/renter’s insurance provider to acquire smart home devices. Smart home devices can detect and prevent costly damages, like water and faulty wiring, which can reduce premiums, claims, and payouts. Water damage is the most common home damage, costing an average of $9,633, while flood/weather-related damage costs an average of $8,625.
Read MoreCompanies struggling to bridge the white-collar talent gap in major metropolitan areas would be well advised to understand the role of flexible work arrangements in attracting and retaining women -- an increasingly important pool of labor in an otherwise constrained environment. So says Gwenn Rosener, CEO of FlexProfessionals, a recruiting and staffing agency for professionals that serves the Washington DC and Boston metropolitan areas, in a podcast interview for journalists.
Read MoreAccording to new research from KPMG, ESG, and broader sustainability strategies have made their way to the top of board agendas in 2024 despite business leaders facing a bulging inbox of issues and challenges. Almost all respondents reported high ambitions for ESG in their organizations, and half now view sustainability as a strategic issue embedded in core business operations.
Read MoreAccording to Saul Judah, VP Analyst at Gartner, a D&A governance program must prioritize business outcomes to be successful. During crises, successful CDAOs quickly pivot their D&A strategies to help their organizations. A strategic approach, positioning D&A as an essential business-centric model, is more effective than a reactive, tactical approach that only focuses on data governance.
Read MoreThe GSMA SGP.31/32 specifications have paved the way for mass adoption of eSIM technology. Enterprises can now enjoy easier device management, wider network coverage, and better commercial terms. Omdia predicts a surge in eSIM technology adoption in IoT from just over 1 billion in 2023 to over 3.6 billion in 2030.
Read MoreA recent study finds employees who are significantly younger than their managers tend to have lower productivity levels than those who are closer in age. The study cites a lack of collaboration between different generations as the cause of friction and suggests that companies can improve productivity by adopting intergenerationally inclusive work practices.
Read MoreIT distributor revenue fell 6.2% YoY to $20.6B in Q4 2023 (4Q23), marking the fifth consecutive quarter of decline. Enterprise spending on software, services and networking grew consistently, while consumer categories like personal computing, AV, imaging, electronics, peripherals and accessories surged in the pandemic but have since declined from their pandemic highs.
Read MoreUK law firms face increasing financial fraud and ransomware attacks, posing severe threats to both the firms and their clients. Leaders in the sector must reassess their risk mitigation strategies. Nic Miller from Counter-RansomwareTM warns that law firms are often targeted since they handle high-value payments and possess sensitive client data.
Read MoreThe cloud market has been growing for over a decade, rewarding leaders who established scale. Some vendors in infrastructure and SaaS capitalized on this growth to become the largest cloud providers in their segments. However, they experienced revenue slowdowns in 2023 due to the market shift towards new features, capabilities, and go-to-market programs, as well as the "law of large numbers".
Read MoreTop-performing supply chains are investing in AI/ML to optimize their processes twice as much as low-performing peers. The best organizations focus on productivity, not efficiency or cost savings, to sustain growth. A recent Gartner survey aims to understand how supply chains are adapting to changes in economic values and harnessing digital assets for productivity.
Read MoreThe automotive brake-by-wire systems market is expected to have a CAGR of 25.64% from 2022 to 2027, resulting in a market size surge of USD 10.33 billion. This is due to the effectiveness and efficiency of brake-by-wire systems, the trend of vehicle electrification, and the demand for lightweight vehicles. Major players like Brembo Spa, Continental AG, Haldex AB, and others are strengthening their market presence through alliances, partnerships, and innovation.
Read MoreDeepTech, a class of emerging technologies built on scientific and engineering innovation, is set to reshape industries and address social challenges. By aligning with the UN Sustainable Development Goals, DeepTech has the potential to make a significant social impact in areas such as healthcare, sustainability, and transportation.
Read MoreThe latest report by MIT SMR and BCG suggests that more and more companies are using AI to improve their KPIs, resulting in improved legacy performance metrics. The report is based on a global survey of over 3,000 respondents from various industries and interviews with executives leading AI initiatives. Most companies have yet to fully utilize the capabilities of AI to measurably improve their important metrics despite its ability to provide advanced analytics and predictive insights.
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