Automation of routine work with artificial intelligence (AI), digital dexterity, and hybrid work with distributed workforce will be three key trends impacting the future of work that CIOs should focus on, according to Gartner, Inc.
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The growth of connected devices, incorporation of network virtualization functions, and shift to a multi-tenant cloud infrastructure are key factors driving the global Gigabit Ethernet (GbE) testing market. Compared to other markets, the impact of COVID-19 on the Gigabit Ethernet testing market was mild due to the shift to working from home.
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As the COVID-19 pandemic unfolded, CIOs faced epic challenges and the road to recovery stretches ahead. For many business leaders, recovery isn't just a return to their former state, but a top to bottom rethinking of what business they need to be in, and how they must be run.
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Sweeping market changes have made it clear that supply chains, long managed to be cost-effective and reliable, must also now be resilient and sustainable. Making this resilience a reality requires executives to have visibility into how materials and goods enter and move through the chain, as well as tracing inputs and outputs all the way to the hands of the customer.
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CFOs and senior finance executives are facing a growing list of responsibilities and demands from internal stakeholders as the pandemic has stress-tested the finance labor model in real time. More than 1,000 finance leaders participated in the global survey conducted in July and August 2020.
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“Supply chain leaders spend a lot of time working to understand and improve their internal operational metrics, but it’s important to introduce customer experience metrics into the supply chain scorecard,” said Beth Coppinger, senior analyst with Gartner.
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Six forces in the IT industry will present a fundamental threat to technology and service providers (TSPs) through 2025. “Forces outside of a TSP’s control demand a response – adapt to thrive or struggle to survive,” said Rajesh Kandaswamy, research vice president at Gartner.
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IT spending is forecast to contract across all categories and regions in 2020. While businesses in most industries have begun to reopen, pandemic mitigation measures have created financial burdens, with the transportation, manufacturing and natural resources industries the most severely impacted.
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Frontline and overlay sellers have the lowest data proficiency despite their focus on sales data and buyer activity. The Gartner report revealed that sales reps are considered to have one of the worst data proficiency (43%) in the organization – significantly lower than marketing teams (49%), customer service teams (49%) and finance teams (53%).
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A 2020 Gartner, Inc. survey of 1,000 employees in March revealed that they are facing a greatly increased frequency of “career moments”, resulting in increased incidences of employee misconduct and more negative perceptions of corporate integrity.
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Despite the disruptive impacts of COVID-19, 47% of organizations plan to increase their investments in the Internet of Things (IoT). 35% of organizations reduced their investments in IoT while a larger number of organizations are planning to invest more in IoT implementations to reduce costs.
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The coronavirus pandemic has put chief supply chain officers (CSCOs) under pressure to adapt and prepare their networks for an uncertain future, according to Gartner, Inc. Supply chain leaders must adapt their strategies, investment and leadership style to ensure long-term efficient growth.
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Frost & Sullivan’s recent analysis maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.
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Despite increased investment, only 10% of organizations are achieving significant financial benefits with AI. The role of mutual learning between humans and machines is often underestimated in generating value from AI. Those companies that draw on multiple types of interaction and feedback between humans and AI are 6X times more likely to amplify their success.
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Consumers plan on buying fewer gifts and spending less this holiday season, with an 18 percent reduction in their average budget from last year, a KPMG LLP survey found. Forty-one percent of consumers also said that they are not planning on going to Black Friday sales in person.
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Frost & Sullivan’s recent analysis, Digital Hospitals: Creating Growth Opportunities in Patient Care during the COVID-19 Pandemic and Beyond, finds that digital hospitals that deploy smart technologies, such as artificial intelligence (AI), remote health monitoring, and robotics, deliver higher standards of patient care and hassle-free experiences for health professionals
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The market for professional loudspeakers posted global revenues of nearly $3 billion in 2019, an increase of almost 7%, according to the latest professional loudspeaker industry report from Futuresource Consulting. One of the key themes of the report this year was the impact of COVID-19 and its significant effects on forecasts moving forwards. The segment most affected by these restrictions is Live and Touring.
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Supply chains are in the middle of an evolution that will change completely how chief supply chain officers (CSCOs) organize and operate their organizations. “CSCOs are tasked to design a supply chain organization that fits into this new era,” said Mike Burkett, vice president analyst with Gartner. “While in the past, a good supply chain was efficient and powerful, it must now be agile and fast.”
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It’s clear that 2020 will go on record as the year that the digital revolution made tremendous strides through the consumer psyche. Online retailers are expected to see record highs as consumers are unable to frequent physical retail locations, with traditional retailers forced to embrace online and multi-channel methodologies in a bid to protect their position within the market.
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Due to COVID-19, one thing that became apparent to many businesses and organizations during this period was the acute requirement to provision secure, scalable communications and collaboration solutions, tools, and applications to support a sudden, significant rise in the number of work-from-home (WFH) employees.
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