New IDC Spending Guide Forecasts Worldwide Security Investments Will Grow 12.1% in 2023 to $219 Billion
Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to the new Worldwide Security Spending Guide from International Data Corporation (IDC). Investments in hardware, software, and services related to cybersecurity are expected to reach nearly $300 billion in 2026, driven by the ongoing threat of cyberattacks, the demands of providing a secure hybrid work environment, and the need to meet data privacy and governance requirements.
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Effective Linear and Digital Advertising in Uncertain Economy Requires Investments in Cross-Platform Integration and Accountability
Leaders tasked with bringing their offerings to market must urgently address a single question: How can we do more with less? The question is once again front and center as concerns about inflation and recession cloud the outlook for 2023 and beyond. The answer to this question, however, is likely to be far different today from the path pursued in past downturns, according to Walt Horstman, senior vice president of monetization with TiVo, a wholly owned subsidiary of Xperi Inc.
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Gartner Survey Finds 72% of High Tech Leaders Expect to Grow Revenue in 2023, Despite Economic Uncertainty
Despite the current economic uncertainty, 72% of high-tech leaders in the U.S., Canada, and Western Europe have plans to grow revenue in 2023, according to a survey by Gartner, Inc. Furthermore, nearly half of those leaders believe they will be able to outperform their competition this year.
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Omdia: Global Streamers’ Online Original Production Returned to Growth in 2022
After being hit by production delays and cancelations caused by the COVID-19 pandemic in 2021, content origination by the world’s leading online streamers rebounded in 2022. Netflix, Amazon, Apple TV+, Disney+, HBO Max, Hulu, Paramount+, and Peacock collectively released a total of 1,752 titles and 4,878 hours of first-run original content in 2022, a YOY increase of 60% in titles and 87% in hours.
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Security Monitoring Cancellation Intentions Are Down, But Younger Households Are More At Risk Of Churn, Finds Parks Associates
A new consumer study finds younger households are at higher risk for canceling their professionally monitored security, even as plans to cancel have dropped among all households. The research firm reports that 38% of Gen Z home security monitoring subscribers intend to cancel their contract, while overall, only 17% of those with pro-monitoring report a likelihood to cancel.
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Executive Roundtable: DevOps Increasingly Seen as Key to Integrating Mainframe Application Modernization into Hybrid, Multi-Cloud Architectures
The role of mainframe computing among large established organizations appears to be rising – not falling – as enterprise technology leaders move forward with technology modernization initiatives to support long-term business transformation objectives.
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Most Automation Transformations Fall Short, Says Bain & Company
Companies across industries are underutilizing automation capabilities and underestimating the challenge of transitioning workers to jobs of the future, according to new research by Bain & Company. Survey findings show that workforce augmentation across industries has reduced costs by as much as 30%.
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Frost & Sullivan: Digital Transformation Across Life Sciences Industry Boosts Instrumentation Market
Outdated short-term growth strategies that focus on extracting value from customers no longer work. Dramatic changes in buyers’ behavior, evolving business models, and technological advances mandate a shift in how companies design their strategies and operate their organizations. To drive profitable and sustainable business growth in this environment, alignment in B2C firms is critical to powering a customer-obsessed growth engine.
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According to New Protiviti Survey, Internal Audit Departments are Focusing on Attracting and Retaining Talent – Especially Tech Talent
The internal audit profession faces stiff competition for talent, especially talent capable of addressing a broadening array of risk topics and well-versed in emerging technologies that can drive the function into the future, according to Protiviti’s 2023 Next-Generation Internal Audit Survey.
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2023 Is the Moment of Truth for Battery-Electric Vehicles, Says Gartner
Several factors will make 2023 a true test of the resolve of governments and the automotive industry in driving battery-electric vehicles (BEVs) forward. The spike in electricity prices in Europe makes BEV running costs less attractive, and some countries, like the U.K., Switzerland, and Australia, are starting to introduce EV taxation.
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Aligning Around The Customer Will Turbocharge Companies’ Growth Engines, says Forrester
Firms with high levels of alignment across customer-facing functions report 2.4x higher revenue growth and 2x higher growth in profitability than those without alignment. According to Forrester’s customer-obsessed growth engine research, outdated short-term growth strategies that focus on extracting value from customers no longer work.
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Holiday Quarter Woes Contribute to a Full-Year Decline in Shipments of Wearable Devices, According to IDC
Global shipments of wearable devices declined 18.9% year over year in the fourth quarter of 2022 (4Q22) to 138.7 million units, according to new data. Shipments for the full year 2022 were down 7.7% compared to 2021, marking the first year of decline for the category due to challenging macroeconomic conditions and difficult comparisons to the strong results of 2021.
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Executive Roundtable: Oracle Modernization is a Marathon, Not a Sprint
As competitive pressures and customer expectations rise in the uncertain economic outlook, boards and senior executives are revisiting technology modernization and business transformation strategies. All major IT investments – including those in enterprise applications – are being analyzed to ensure high-performance levels as increasingly complicated heterogeneous infrastructures are embraced. When it comes to modernizing Oracle application management strategies in today's hybrid, multi-cloud environment, the principles that should guide the decision-making process include:
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Fiber and 5G are the Future, Says Parks Associates
Over the past decade, home internet adoption in the US has grown steadily and accelerated during the pandemic, when approximately 8M households signed up for home internet service. Parks Associates estimates over 105 million US households will have high-speed internet delivered to their home by 2023. Overall internet adoption – including mobile broadband-only households – will reach 119M.
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Executive Roundtable: On-Prem Modernization Requires as Much Attention -- and Investment -- as Cloud Migration Initiatives
There is a growing appreciation among enterprise technology leaders of the increasingly dynamic relationship between various cloud resources and on-prem computing capacity. As a result, hybrid, multi-cloud infrastructures are no longer seen as an interim step toward an all-cloud future.
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Gartner Survey Identifies Top Strategic Imperatives for HR Technology in 2023
With a tumultuous global economy, HR technology leaders face a balancing act in 2023 and must anticipate greater levels of accountability and demand for measurable outcomes to justify new technology investments - including skills management, learning experience platforms, and internal talent marketplaces.
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Executive Roundtable: Attack Surface Management Opens New Opportunities to Proactively and Cost-Effectively Assess Threats and Address Vulnerabilities
As organizations assess their 2023 strategies for enhancing the protection of their most important assets while rationalizing investment in security tools and technologies, risk management leaders will be well advised to integrate a proactive “outside-in” approach to threat assessment into their “Zero-Trust” initiatives.
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Advanced HDR by Technicolor Offers Efficient and Cost-Effective Path to Enhancing Production and Distribution of Live, Episodic and Theatrical Content
Significant new developments in the conversion of standard dynamic range (SDR) content libraries to high dynamic range (HDR) along with the distribution of live broadcasts -- especially sports -- are opening new frontiers of opportunity for the entertainment technology industry. So say Marty Gordon, vice president of brand partnerships at Philips, and Nick Mitchell, media solutions specialist with InterDigital in a podcast interview for journalists held during the HPA 2023 Tech Retreat this week in Palm Springs Calif.
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Next-Generation Standards Define CPE Strategies for Network Service Providers in 2023
Network service providers (NSPs) will face new challenges in 2023, as long-term logistical disruptions caused by the pandemic crisis are gradually resolved, only to be replaced by an uncertain economic outlook that is prompting concern from consumers and industry players alike.
The good news, however, is that resurging supply chains have allowed a suite of next-generation solutions based on the latest developments in technology standards to enter the market, according to Ashwani Saigal, VP of Broadband and Video CPE at VANTIVA.
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