Ecosystem-wide Integration, Collaboration and Optimization Offers Key to Accelerating the Path to XR Experience Adoption
If extended reality (XR) offerings – including virtual reality (VR), augmented reality (VR) and mixed reality (MR) – are to realize their full market potential, the organizations participating in this complex sector would benefit to double down on efforts to establish industry-wide open technical specifications and business conventions to integrate operations across the entire ecosystem.
As it stands today, the outlook for this market is already bright. According to new research by global technology intelligence firm ABI Research, nearly 40 million AR smart glasses will ship by 2027. The total augmented and mixed reality market will surpass $220 billion in the same year.
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New Survey Finds Companies Prioritizing Enabling Technology for SOX Compliance; Protiviti Reports
The fourteenth annual Sarbanes-Oxley Compliance Survey finds that 74% of organizations seek opportunities to further enable automation, while 58% reported increased hours spent on compliance in the last year. Companies are prioritizing investments in automation and broader enabling technologies, such as artificial intelligence (AI) and machine learning (ML) to support SOX compliance activities. These technologies help counteract pressure from the PCAOB and external auditors to increase scope and procedures. The SEC’s recently adopted rules related to cybersecurity disclosures and highly anticipated climate disclosure rules only increase the potential for expanded scope.
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Value-Centric Technology Modernization will Drive Successful Business Transformation Outcomes – KPMG
As the enterprise technology community continues to assess the impact of disruptive innovations – including generative artificial intelligence (GenAI) – on business transformation initiatives, sustained success will depend on the ability of senior decision-makers to maintain a disciplined focus on business value creation and strategic risk reduction in this economy.
It is a directive that is easier said than done as the imperatives to keep up with the latest technological innovations compete with the need to move forward prudently – especially for those operating in highly regulated industries. Establishing strategic frameworks that enable rapid but controlled adoption of new technologies will emerge as the key to navigating a business and technology environment that will likely remain in constant flux.
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Integrated Mainframe and Cloud Operations Emerge as Critical Success Factors for Achieving Digital Transformation Objectives
Technological dogma will serve large organizations poorly as they move forward with ambitious digital transformation initiatives designed to create higher levels of agility and market responsiveness. As a result, it will be essential for business and technology leaders to establish coherent strategies for integrating decades worth of on-prem investments – especially on the mainframe – into their cloud adoption and modernization initiatives.
These were among the conclusions of a recent CIO.com virtual roundtable -- co-hosted by executives from IBM and AWS -- that explored emerging imperatives in optimizing hybrid-cloud resources. The event featured executive participation from over a dozen companies representing a broad range of industries, including financial services, healthcare, hospitality, logistics, manufacturing and more.
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Generative AI is Changing the Culture of Transformation and Change Management – Susmin Joseph, Turing
Corporate decision-makers are rapidly moving past the early hyperbole associated with generative AI (GenAI) to understand the impact that this transformative technology is likely to have on business modernization across organizational disciplines. In so doing, a new language is emerging to address the new relationships different stakeholders are developing across the entire enterprise technology stack to support important mission-critical business objectives through the rest of the decade.
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Streaming Services Become Largest Medium for Audio Listening, New Study Finds; Futuresource Consulting Reports
A new consumer research study by Futuresource Consulting has found that streaming services are now the largest medium for audio consumption, as traditional FM/AM and DAB radio falls behind into third place. 55% of audiences stream audio for at least one hour a week, while those who listen to the radio for the same amount of time fell to 53%.
The firm’s new Audio Tech Lifestyles report dives into consumer behaviours surrounding audio and music, broken down by core demographics.
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Software-Defined Vehicles Will Create a More Than $650 Billion Value Potential for the Auto Industry by 2030—BCG Reports
The automotive world is undergoing a radical change, in which two completely different industries—automotive and tech—are rapidly merging, providing the industry with its most challenging transformation in over a century. This is marked by a shift from internal combustion engines towards electric vehicles (EVs) and a shift from vehicles that are almost exclusively mechanical machines to ones with increasingly complex software-defined systems.
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IDC's Worldwide Quarterly Ethernet Switch and Router Trackers Show Strong Market Growth Continuing in Second Quarter of 2023
The worldwide Ethernet switch market grew revenues 38.4% year-over-year in the second quarter of 2023 (2Q23) to $11.8 billion. The total worldwide enterprise and service provider router market recorded $4.6 billion in revenue in 2Q23, a 9.4% year-over-year increase. A major driver of growth in the market continues to be the easing of supply chain issues that began during the global pandemic. This trend is particularly relevant in the non-datacenter segment of the Ethernet switching market, where revenues grew 52.5% year over year in 2Q23, while port shipments rose 16.6%.
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Fortifying the Future: Safeguarding OT Security Assets in a Connected World; Frost & Sullivan Reports
OT security is no longer an afterthought but a focal point of a company’s digital transformation thanks to Industry 4.0 and increasing digitization. State-sponsored actors and cybercriminals can exploit security gaps in key infrastructure to cause serious harm and supply chain issues. OT systems become significantly more vulnerable to cyber threats as they integrate with IT infrastructure, with 90% of firms experiencing at least one OT system intrusion incident in the previous calendar year. These worries are worsened by the expansion of zero-day threat vectors in this field and the inadequate security features built into the Internet of Things (IoT) and OT equipment.
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More Than 50% of Software Engineering Leader Roles Will Explicitly Require Oversight of Generative AI by 2025 Says Gartner
According to Gartner, Inc., by 2025, more than half of all software engineering leader role descriptions will explicitly require oversight of generative AI. Outside of generative AI’s impact on technology implementation, it also changes the managerial responsibilities of software engineering leaders. This includes those related to team management, talent management, and code of ethics. Software engineering leaders will find themselves at a significant disadvantage if they do not recognize and adapt to these changes – facing the risk of being replaced by those who embrace this disruptive technology.
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Enterprise-wide Strategies for Generative AI Redefine Collaboration Across Strategic, Technological and Operational Decision-Makers
Generative artificial intelligence (GenAI) continues to drive urgent interest in its ability to accelerate the disruption of current business models and technology modernization strategies. As business leaders better understand the technology, it is becoming increasingly clear that GenAI will also leave an indelible mark on relationships and interactions across enterprise departments and operational disciplines.
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Connected TV & Set Top Operating System Market Forecast 2023-2028; Rethink Technology Resarch Reports
Huawei’s ambitions to become a global challenger to Android appear to have been completely neutered, since the last time that Rethink TV examined the operating system landscape of video devices. Specifically looking at the set top boxes of operators, as well as smart TVs and connected TV devices from retail sources, it is now clear that Android will achieve complete dominance over RDK on the global stage, with HarmonyOS confined to China. However, will that position, against the backdrop of a turning tide of sentiment for the Silicon Valley titans, lead to antitrust turmoil?
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Generative AI Strategies Are Rapidly Emerging as Organizations Pursue Historic Transformation, New TechTarget Research Finds
TechTarget’s Enterprise Strategy Group announces new research into GenAI, a technology poised to significantly disrupt and advance modern business and IT operations. The study reveals that GenAI strategies among business and public-sector organizations are moving forward with astonishing momentum as organizations scramble to assemble teams, budgets, and technologies to support numerous applications of the technology that have the potential to transform business and IT processes as we know them.
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Will AV and IoT Collide on the Road to Convergence? Futuresource Reports.
Cloud services continue to impact the AV industry, ushering in new capabilities and changing how AV systems are designed, installed, and operated. The inescapable rise of IoT, along with cloudification, virtualization, and container-based applications, is bringing AV and IoT devices together into a shared domain.
As the outlook begins to crystallize, a new report from Futuresource Consulting explores the crossover between AV and IoT markets, identifying the benefits and challenges for AV, and uncovers what this will mean for the AV industry moving forward.
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Increasingly Complex and Heterogeneous Enterprise Infrastructures Drive Demand for SASE and SSE – Yuval Yatskan, Cisco
Cloud migration and on-prem modernization initiatives have fundamentally changed how enterprise IT and security teams assess threats and manage risks to protect mission-critical assets. As a result, organizations across industries and geographies are expressing growing interest in the role that Secure Access Service Edge (SASE) and Security Service Edge (SSE) technologies play in managing risks associated with today’s complex hybrid, multi-cloud infrastructures.
So says Yuval Yatskan, Cisco’s senior director of solutions and product marketing for SSE, SASE, Cloud and Network Security, in a podcast interview for journalists.
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Successful Application and Data Modernization Initiatives in Heterogeneous Enterprise Environments will Hinge on Embracing Cloud Operating Models
If organizations are to achieve sustained success in their technology modernization initiatives, senior leaders should stop thinking of "cloud" as a "place" to send their workloads. According to Thoughtworks North America executives Ajay Chankramat (Head of Platform Engineering) and Wesley Reisz (Technical Principal), business and technology leaders ought to instead embrace the notion that "cloud" is a platform-based "operating model" that will lay the foundation for enterprise-wide systems integration, agility and resilience.
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Fines Related to Mismanagement of Data Subject Rights Will Exceed $1 Billion by 2026, Predicts Gartner
By 2026, fines due to mismanagement of subject rights will have increased to over $1 billion, according to Gartner, Inc. For SRM leaders in B2C organizations, automating subject rights or consumer privacy rights management has become a basic requirement and a prerequisite for building trust. The management of SRRs can enhance customer trust levels by providing a positive privacy user experience (UX).
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Corporate Boards Raise Concerning Knowledge Gaps When It Comes to Sustainability, New Global Research Finds
Though significant progress has been made on boardroom awareness and acceptance of the sustainability agenda, capacity challenges and a self-declared lack of expertise at the board level have revealed a gap between intentions and prioritization of the environmental, social, and governance (ESG) agenda.
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Global Fintech Funding Falls to $52.4 Billion - But it's Not All Bad News, Says KPMG
The first six months of 2023 were difficult for the global fintech market, with total funding dropping from US$63.2B in H2’22 to US$52.4B in H1’23. The cloud of uncertainty permeating the market continued to wear on investors, driven by factors including global macroeconomic concerns, geopolitical tensions, and tech sector challenges. The collapse of several US banks early in 2023 likely kept many investors in wait-and-see mode during H1’23.
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Generative AI is at the Peak of Inflated Expectations for Revenue and Sales Technology, Says Gartner
According to Gartner, Inc, five innovative revenue and sales technologies are improving CX through coordinated efforts to support digital and physical selling. GenAI, DToC, process mining, self-integrating applications, and AR/VR for sales are being flagged as transformational innovations. These technologies remove friction in business processes, propel growth, and help leaders mitigate external influences that create unforeseen uncertainty. Gartner expects each to have a high or transformational impact within the decade.
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