Four Steps CIOs Can Take to Mitigate IT Employee Fatigue; Gartner Reports

Employees are dealing with digital acceleration, staff departures, adjusting to various working models, and many more workplace disruptions - and they are exhausted. While many organizations are devising good change management plans and implementing cultural changes where needed, many CIOs do not get the results they want because they overlook a critical factor: change fatigue.

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New Research Shows Companies Built for the Future Are Generating Shareholder Returns Almost Three Times Greater Than Those of the S&P 1200 — BCG

The fundamental drivers of superior performance and sustainable competitive advantage are changing. Growth opportunities are moving to new markets, including those created by technology disruption, and are expanding in areas related to generative artificial intelligence (AI), the energy transition and low-emission technology as well as in gene therapy, the metaverse, and quantum computing.

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Digital Technology: A Catalyst for Health Equity – Bane Hunter

Health equity has long been a cornerstone of effective public health policy, ensuring that individuals have access to the resources and care necessary for optimal well-being, regardless of their social or economic status. Digital technology and artificial intelligence (AI) has the potential to revolutionize healthcare delivery and support the achievement of health equity. Let's consider some of the ways in which digital technology can be harnessed to bridge health disparities and promote health equity for all.

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IDC's Forecast for Worldwide IT Spending in 2023 Continues to Slowly Trend Downward

For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion. This is slightly down from 4.5% in the previous month's forecast and represents a swing from a 6.0% growth forecast in October 2022.

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Cybersecurity Risk Set to Be a Primary Buying Consideration for Chief Supply Chain Officers, Says Gartner

Survey data has shown an aggressive stance among CSCOs who are looking to invest in growth through multiple new technologies,” said Brian Schultz, Senior Director Analyst in Gartner’s Supply Chain Practice. “However, each new technology introduces new partners, vendors, and service providers into the digital supply chain. The implication for cybersecurity risk is an ever-growing number of new pathways to potential attacks from malicious parties.

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Eroding Loyalty Among Banking Customers as They Increasingly Turn to Digital-Native and Neobanks for Ancillary Services, Finds New Bain & Company Study

Of the nearly 30,000 global consumers that Bain & Company recently surveyed, more than 70% said they are interested in having their primary bank use their personal data if it means their banking experiences will be more personalized. This is among the findings of Bain’s 2023 “Customer Behavior and Loyalty in Banking” report.

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Technical Debt and Skills Shortages Threaten to Stifle Innovation, According to Protiviti Survey

As technology leaders navigate the hype cycles of emerging technologies like Web3 and the metaverse, they are also contending with obstacles such as technical debt, a shortage of talent and skills, and a turbulent global economic environment that is prompting companies around the world to examine their broader innovation strategies and spending on new technologies.

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Games Revenue Will Reach $215 Billion by 2027, Overtaking Pay TV and Cinema Reveals New Omdia Research

Global consumer spending on games is set to reach $215 billion by 2027. The transmedia space continues to expand and profit as more video game franchises make their way to large and small screens. Streaming services need more content to monetize their services and reach profitability as consumers demand more and more content. The days of poor-performing titles are long behind us. High-scoring TV series such as Netflix’s ‘The Witcher’ or HBO’s ‘The Last of Us’ prove that quality, investment, and writing across the adaptations are of a superior level.

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Inflation and Supply Chain Fears Easing, But Global Economy Continues Facing Uncertainty, Finds KPMG

The outlook for the global economy took a positive turn in the first half of 2023 as inflationary pressures began to ease, but ongoing geopolitical tensions and domestic challenges in key markets are slowing any return to sustained growth. According to KPMG’s latest report, global energy prices returning to levels last seen prior to the invasion of Ukraine, combined with easing commodity and food prices, have helped put further downward pressure on inflation for the rest of 2023.

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60% of Marketing Leaders Believe Collecting Customer Data While Balancing Privacy and Customer Value Will Be More Challenging in 2023, Finds Gartner Survey

68% of marketing leaders believe collecting first-party customer data with an appropriate balance of customer value exchange and privacy will become more challenging in 2023, according to a recent Gartner survey. The survey revealed that 85% of respondents had implemented a formal policy to manage customer data, yet privacy remains an ongoing challenge.

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Dubs And Subs/The Cost-of-Living: How Are Entertainment Consumers Reacting? Futuresource Reports.

The ballooning cost of living has been a well-publicized global issue. Audiences are continuing to tighten their belts in response to the crisis. Recent research from Futuresource Consulting shows key European markets like France, Germany, and the UK have been hit especially hard, with over 50% of consumers financially worse off than they were six months ago.

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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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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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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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