Worldwide Spending on AI-Centric Systems Forecast to Reach $154 Billion in 2023, According to IDC

Companies that are slow to adopt AI will be left behind. AI is best used in to augment human abilities, automate repetitive tasks, provide personalized recommendations, and make data-driven decisions with speed and accuracy. Suppliers of AI technologies need to know which are the largest and fastest-growing opportunities, but without data they become just another opinion.

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Staff Reports
Creativity Will Separate Leaders from Laggards as Demand for SaaS Plateaus in 2023 -- Greg Latson

Buoyed by the COVID-induced shelter-in-place workforce, the software as a service (SaaS) market has enjoyed a surge in demand over the past two years. However, despite the fact that global enterprise spending on SaaS grew from $146 billion in 2021 to reach a projected $195 billion by 2023, there is no shortage of providers competing for a piece of that pie, according to marketing enthusiast -- and SaaS marketing guide -- Greg Latson.

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Recent White House Executive Order to Bolster Care Infrastructure, Cites BCG Research

According to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.

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80-85 Million US Consumers Listen to Podcasts at Least One Hour Per Week, Finds Parks Associates

New research from Parks Associates shows that 80-85 million US consumers ages 18 and older report they listen to a podcast for at least one hour each week. The research study, Podcasting: An Exploding Market, examines the impact of the rapid growth in the podcast market, including household audio equipment adoption, consumer behaviors across various platforms and genres, and crossover effects with the consumption of music services.

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Executive Roundtable: SAP Modernization Will Require Effective – and Rapid – Navigation of Multi-Dimensional Challenges

The daunting complexity faced by large organizations with SAP instances that have been in place for many years will have to be managed quickly – and deftly – to address two compelling requirements: 1) Meeting the 2027 deadline set by SAP to cease support of its workhorse ERP Central Component (ECC) platform; and 2) Making the technical transition while supporting comprehensive business transformation initiatives at both an organizational and industry-wide level.

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Staff Reports
Banks Should Adapt Lending Strategies to Account for Increasing Physical Risks of Climate Change, Finds Bain & Company and Jupiter Intelligence

A recent analysis of European banks found that just 18% have begun to integrate physical risks into their mortgage lending strategies. However, the vast majority of European banks are yet to incorporate physical risks into their strategy definition, monitoring processes, target setting, product offering, or client engagement.

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Improving Developer Experience is Driving Software Engineering Technology Adoption, Finds New Gartner Survey

High-quality developer experience has become a critical priority in software delivery, with 58% of software engineering leaders reporting that developer experience is “very” or “extremely” critical to the C-suite at their organizations. Enhanced developer experience or productivity is cited as the top value factor for the adoption of several technologies and practices across the software development lifecycle.

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Global Investments In Engineering And R+D To Grow At 10% CAGR Despite Downturn, Finds Bain & Company

Businesses’ global investments in engineering, and on research and development in the engineering (ER&D) sector, are set to rise strongly over the next five years, expanding at a double-digit compound annual growth rate (CAGR) of 10% up to 2026 despite currently uncertain economic conditions, Bain & Company’s latest research reveals.

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81% of Marketing Leaders Have Contingency Plans in Response to Disruptions, But Just 21% Follow Them, Finds Gartner Survey

81% of marketing leaders have established a contingency plan to respond to disruptions, but just 21% follow these plans as marketers weather the storm of continued economic and geopolitical uncertainty. A recent Gartner survey revealed that 44% of digital marketing leaders who enacted a contingency plan during an economic disruption event exceeded the organization's year-over-year profit growth.

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Staff Reports
NAB 2023: Ecosystem Optimization and Consumer Education Will Drive High Dynamic Range Adoption Through 2023

"HDR is on track to achieve a critical mass of market penetration over the next few years as technical standards mature and key players throughout the content creation, capture, distribution and consumption ecosystem optimize and integrate their go-to-market processes," says Rick Dumont, Head of Business Development for HDR and Wireless at Philips, in a podcast interview for journalists.

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Emergent Function Analysis May Help Understand Unpredictable AI Behavior -- Ted Shelton, Bain & Company

What actually happened could not have been scripted better in Hollywood. As part of an experiment, a cloud-based AI chatbot was tasked to access an online resource protected by a CAPTCHA gateway -- which, of course, is specifically designed to keep robots out. To solve the puzzle, the AI engaged a human through a virtual assistant service, who is tricked into getting the chatbot through the gateway. 

How?

The chatbot lies.

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Employees Are 12% More Likely to Leave Their Workplaces if Employers Don’t Establish Explicit Hybrid Work Norms, Says Gartner

Organizations lacking hybrid work norms can increase the chances of an employee leaving by 12%. “Today’s hybrid work models lack informal channels for absorbing norms that are present in an office setting,” said Caitlin Duffy, director of the Gartner HR practice. “As organizations create more formalized hybrid work models, HR leaders can reduce friction and increase engagement by establishing and communicating new norms intentionally.”

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Internet of Things Poised to Transform Multi-Dwelling Unit Industry -- VANTIVA's Reza Raji

As Internet of Things (IoT) technologies continue to mature at an ever accelerating rate, the property management industry is uniquely positioned to take the integration of consumers' physical and digital lives to the next level, says Reza Raji, senior vice president of IoT at VANTIVA -- formerly known as Technicolor -- in a podcast interview for journalists.

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A Zero-trust Approach is Essential for Achieving Effective AD Security, Says Frost & Sullivan

Ransomware attacks are on the rise, increasing in frequency and complexity. The 2022 Verizon DBIR shows that ransomware attacks recorded a 13% increase in 2022 while the FBI’s annual Internet Crime Report links $34.3 million in financial losses to ransomware attacks. In many cases, Active Directory (AD) attacks significantly influence the breadth impact of ransomware attacks.

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Worldwide PC Shipments Declined 30% in First Quarter of 2023, Says Gartner

Worldwide PC shipments totaled 55.2 million units in the first quarter of 2023, a 30% decrease from the first quarter of 2022, according to preliminary results by Gartner, Inc. An unfavorable combination of oversupply and continued low PC demand due to economic uncertainties and a lack of purchase motivation led to the second consecutive quarter of historic year-over-year decline.

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Executive Roundtable: Economics of Hybrid Multi-Cloud Computing Can Be Compelling...But Also Complicated

While technology modernization initiatives are driving most large enterprises to adopt hybrid, multi-cloud computing strategies to optimize agility and performance, the economics of operations can take a lot of work to nail down. This is especially true as organizations come to grips with the dynamic nature of shifting workloads in which mission-critical data and applications flow from one cloud to another -- and, in many cases -- can end up back in on-prem infrastructures.

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Staff Reports
Down But Not Out: Healthcare Private Equity Deals Reached Nearly $90 Billion in 2022, The Industry's Second-Biggest Year On Record, Finds Bain & Company

Despite a slowdown caused by macroeconomic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare dealmaking due in large part to the white-hot pace of investment at the start of the year. Total disclosed deal value reached nearly $90 billion, down from $151 billion in 2021 but still over $10 billion more than the next-closest year.

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Executive Roundtable: Enterprise-Wide Exposure Management Strategies Require Active Multi-Disciplinary Participation

More progress is needed to engage the participation of executives across a range of organizational disciplines to implement effective -- and comprehensive -- exposure management strategies. While interest in -- and executive attention on -- information security continues to rise, the main focus of activity to reduce risk still revolves around finding the right tools to address threat management. Instead, an enterprise-wide approach to exposure management is needed, which takes a comprehensive approach to internal evaluations of vulnerabilities and asset prioritization along with external assessments of threats and attack surfaces.

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