Innovation in Virtualized and Cloud Security to Create US$8 Billion Market Opportunity for 5G Security Software & Services in 2027: ABI Research

With advancing 5G roll-outs, the opportunity for software and service-based security is emerging quickly due to the need to secure virtualized and cloud-based assets at the edge of the Radio Access Networks (RAN) and in the core. ABI Research expects a diverse multi-vendor cybersecurity market to leverage and adapt the best digital security technologies to the 5G ecosystem, creating a rich and innovative market to protect all aspects of 5G networks.

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LPWAN IoT Connections to Grow 23% CAGR from 2022 to 2028, Driven by Growth in NB-IoT and LoRaWAN Technologies: Omdia

Omdia’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.

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Labor Productivity Declines Endanger Critical Supply Chain Objectives, Says Gartner

Labor productivity levels are historically low and stalled out largely due to a lack of investment in workforce innovations. One clear symptom is that turnover is 33% higher in supply chain organizations compared to pre-pandemic levels. While that may paint a discouraging picture, it also provides an excellent basis for supply chain leaders to experiment and rethink how they unlock, mobilize and augment the workforce to greater productivity.

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Severing Connections: Implications of GM’s Decision to Embrace a Built-in, Native Operating System -- Forrester Reports

In a surprising development, General Motors (GM) has announced that it will eliminate Android Auto and CarPlay from its upcoming electric vehicles (EVs) from mid-year 2024. In its stead, GM envisions a built-in, native OS. Needless to say, this development has invited significant criticism from consumers.

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Fintech Projected to Become a $1.5 Trillion Industry by 2030 -- Boston Consulting Group

Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a new report released today by Boston Consulting Group (BCG) and QED Investors. The fintech sector, which currently holds a 2% share of the $12.5 trillion in global financial services revenue, is estimated to grow up to 7%, of which banking fintechs are expected to constitute almost 25% of all banking valuations worldwide by 2030.

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Blending Analytical Expertise and Operational Agility will Enable Industrial and Manufacturing Firms to Navigate Economic and Operational Headwinds — ABI Research

Industrial and Manufacturing firms face a myriad of ever-changing challenges, from rising interest rates, pressure to relocate facilities, and increased scrutiny of their operations through an ESG lens. Technology suppliers must help firms evaluate outside signals and add agility to their operations to meet customer needs.

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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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