Half of supply chain leaders plan to implement generative AI (GenAI) in the next 12 months, with an additional 14% already in the implementation stage, according to a survey by Gartner, Inc. The survey data also showed that chief supply chain officers (CSCOs) are dedicating 5.8% of their function’s budget, on average, to GenAI.
Read MoreOrganizations across the globe prioritize digital transformation (DX) to become digital businesses that can create value through the use of technology for processes, products, services, and experiences. According to the International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide, global DX spending is forecast to reach nearly $3.9 trillion in 2027 with a five-year compound annual growth rate (CAGR) of 16.1%. The United States accounts for 35.8% of DX spending, followed by Asia/Pacific (33.5%) and EMEA (26.8%).
Read MoreDespite global economic uncertainty, innovation rose as a top corporate priority for 2023. According to a new report released by Boston Consulting Group, 79% of companies around the world see innovation as a top-three priority this year, and 66% plan to increase spending—42% by more than 10%. This starkly contrasts the last downturn in 2009, when fewer than two-thirds of companies ranked innovation as a top-three priority, and only 58% planned to increase spending.
Read MoreOmdia’s latest research reveals that NB-IoT and LoRa will account for 87% of all LPWAN connections in 2028, strengthening their position in the LPWAN market with over 85% of the connections worldwide. Both technologies are in the sweet spot for mid-range IoT applications that are popular now. With sufficient differentiation between the two technologies, both are on track for success through the end of Omdia’s forecast in 2028.
Read MoreIntelligence, surveillance, and reconnaissance (ISR) technologies have long been used to aid the military in finding, fixing, and tracking friendly and hostile elements, as well as assessing damage to targets in areas of interest. While these technologies are recognized as essential tools for the execution of complex military operations, they are now gaining traction as a key element for a vast array of emergency management scenarios.
Read MoreA new cadre of companies are successfully executing digital transformations and outperforming their digitally native peers. These digital incumbents make up about 30% of the S&P Global 1200 Index and outperformed the index by about 50% over the last three years. Meanwhile, legacy incumbents struggled to drive growth and improve productivity using predominantly traditional levers.
Read MoreBeyond providing eyes and ears on situations that are either impractical or too dangerous for direct human observation, ISR systems are using unmanned technology platforms to provide critical ad-hoc connectivity when existing infrastructure is compromised, says Kevin Thompson, director of public safety for TrellisWare, a provider of mobile ad-hoc networks solutions, in a podcast interview with BizTechReports.
Read MoreIn today’s competitive and constantly changing environment, companies that can divert high-capacity human capital away from low-value rote work can lay the foundation for establishing a competitive advantage in their sector. That is the promise of RPA, according to Tom Torlone, global vice president of professional services at UiPath, and Jim Maholic, senior director of engineering at UiPath, in a recent podcast interview with BizTechReports.
Read MoreThe current business transformation initiatives have been made possible by the synergistic combination of expertise from the worlds of Operating Technologies (OT) and Information Technologies (IT). This is bringing about intelligent, interconnected, and autonomous manufacturing equipment and systems. The achievement of shared objectives across OT and IT communities will be enabled by new dynamic -- constantly evolving -- technological resources, such as artificial intelligence (AI), big data, cloud computing, and ubiquitous connectivity.
Read MoreThe keys for building an enterprise-wide framework for deploying containers across hybrid multi-cloud infrastructures are top of mind for executives. Exploring containerization frameworks should be considered a strategic priority for IT organizations with complex infrastructures and how they affect IT operations and business processes. BizTechReports caught up with Vikas Sidana -- a strategic technology advisor at IBM -- to discuss some of the central findings of today’s use cases.
Read MoreA new analysis by ABI Research examines how the antenna market is evolving to address challenges specific to IoT. Increased radio complexity, device miniaturization, lower power consumption, and a complex certification landscape are among many factors making integration of antennas more difficult
Read MoreIn these unprecedented times, television’s prominence as a link to the outside world has strengthened, becoming the primary source of entertainment for many. Inevitably, households became a battleground for the big screen. Viewers have been spending significantly more money last year on new TVs, additional sets and extra audio equipment to optimise viewing experiences, as well as keeping family members at peace.
Read MoreThe goal of deep tech is to offer breakthrough innovations to address sweeping problems like climate change. A new article by Boston Consulting Group (BCG) and Hello Tomorrow, “Meeting the Challenges of Deep Tech Investing,” notes that there are already unicorns in the field. There’s potential to accelerate this growth if a new investor model can be built.
Read MoreAbout 68% of enterprises that embarked upon digital transformation have not realized the envisioned outcomes, according to Everest Group. A majority of enterprises attribute this shortfall in return on investment to having an undefined or ineffective change management strategy, with 58% of enterprises citing change resistance as a key obstacle.
Read MoreAccording 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%
Read MoreTeams are still in the early stages of next-gen internal audit journeys. Amidst digital acceleration efforts perpetuated by the pandemic, internal audit teams face a more disruptive environment and demands to add value to their organizations. 66% of survey respondents report plans to increase their focus on innovation and transformation initiatives.
Read MoreGartner, Inc. predicts that by 2025, 70% of organizations will shift their focus from big to small and wide data, providing more context for analytics and making artificial intelligence (AI) less data hungry. Disruptions such as the COVID-19 pandemic is causing historical data that reflects past conditions to quickly become obsolete, which is breaking many production AI and machine learning (ML) models.
Read MoreAccording to analysts at IDC, cloud in all its permutations is having a major impact on the disposition of core enterprise applications. By the end of 2021, based on lessons learned in the pandemic, most enterprises will accelerate their shift to cloud-centric digital infrastructure and application services.
Read More72% of data and analytics (D&A) leaders with digital initiatives are either leading or heavily involved in their organization’s digital transformation initiatives, according to Gartner, Inc.’s sixth annual Chief Data Officer (CDO) survey*. D&A strategy has a primary role in digital business strategy, affecting everything the organization does.
Read MoreAs the chief owners of the digital infrastructure that underpins all aspects of modern enterprises, IT leaders will play pivotal roles in the road to recovery, “seeking the next normal” while still performing their traditional roles. In a time of turbulence and uncertainty, CIOs and senior IT leaders must discern how IT will enable the future growth and success of their enterprise while ensuring its resilience.
Read More
