Institutions and Global Brands See Promise in NFTs Despite Rise and Fall of Hype — Bain & Company
Despite the rise and fall of hype surrounding NFTs, a new study shows that businesses see benefits of NFTs and continue to apply them. The repor found that the global adoption of NFTs has been relatively constant since June 2022, emphasizing that mass adoption is not over, but rather will take time to unfold. Although there are challenges that may slow adoption speeds, NFTs do pose the potential to build community engagement, and revolutionize the way companies interact with their customers
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Worldwide IT Spending to Grow 8% in 2024 — Gartner Forecasts
Worldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth. In 2023 and 2024, very little IT spending will be tied to GenAI, but organizations are continuing to invest in AI and automation to increase operational efficiency and bridge IT talent gaps.
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IT Auditors Identify Cyber Risks, Data Privacy and Talent Shortages Among the Biggest Technology Challenges Companies Face — Protiviti Reports
As the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.
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More Than 90% of North American Companies Have Relocated Production and Sourcing Over the Past Five Years — BCG Reports
Five years of disruption marked by trade wars, the pandemic, geopolitical tensions, and severe supply bottlenecks have profoundly redrawn the map of where global companies manufacture and source goods. A new report released today by Boston Consulting Group (BCG), titled Harnessing the Tectonic Shifts in Global Manufacturing, underscores the magnitude of these shifts.
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Global PC Shipments Decline Again in the Third Quarter of 2023 Amid Signs of Market Improvement, According to IDC
The downward spiral for PC shipments continued during the third quarter of 2023 (3Q23) as global volumes declined 7.6% year over year with 68.2 million PCs shipped, according to IDC. Though demand and the global economy remain subdued, PC shipments have increased in the last two quarters, slowing the annual decline rate and indicating that the market has moved past the bottom of the trough.
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Cross-platform Content Navigation Emerges as Key to Consumer Engagement
As pay-TV and over-the-top (OTT) streaming service providers fight to retain customers through a challenging economic cycle, effective content navigation strategies have emerged as the key to improving audience engagement to prevent subscriber churn, according to Dr. Mark Kokes, chief licensing officer for media at Adeia in an interview for journalists.
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BYOD Market Set to Expand as Benefits for Both School and EdTech Players Emerge — Futuresource Consulting
The demand for BYOD is set to increase as the pandemic demonstrated the true value for the wider education market. The benefits aren’t just confined to EdTech channel specialists, but schools and students too. Schools can provide their students with the benefit of a more personalized learning experience without impacting their ever-tighter IT budgets.
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55% of Organizations are in Piloting or Production Mode with Generative AI, Finds New Gartner Poll
A recent Gartner poll shows organizations are not just talking about generative AI but investing time, money and resources to move it forward and drive business outcomes. In fact, 55% of organizations reported increasing investment in genAI since it surged into the public domain ten months ago, and has now found a place on CEOs’ and boards’ agendas as they seek to take advantage of the transformative potential of this technology.
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Cloud Infrastructure Spending Continued to Grow in 2Q23, According to IDC
Spending on compute and storage infrastructure products for cloud deployments increased 7.9% year over year in 2Q23 to $24.6 billion. Spending on cloud infrastructure continues to outgrow the non-cloud segment, with the latter declining 8.3% in 2Q23 to $14.4 billion. The cloud infrastructure segment experienced a decline of 23.2% in unit demand with an increase in average selling prices, mostly related to higher-than-usual GPU server shipments to hyperscalers.
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Budget Crunches, Information Overload, And Generational Differences Are Protracting Buying Cycles, Reveals New Forrester Survey
According to Forrester, at least a third of B2B buyers in North America and Europe, and over a quarter in Asia Pacific, prioritize price in their purchasing decisions due to macroeconomic headwinds. To simplify the buying process, providers should offer transparent pricing and demonstrate their offerings' ROI throughout the journey.
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TV Shipments to Fall by 4.1% in 2023 Due to Weak Macroeconomic Conditions — Futuresource
TV sales remained weak during the first half of 2023 due to poor global macroeconomic conditions and out-of-sync product replacement cycles following unprecedented demand in major markets during 2020. Through the second half of 2023, Futuresource expects demand trends for TVs to remain sluggish as the economy continues to stabilize. A further drop in shipments of 4.1% during 2023 is anticipated, totalling 210.9 million units.
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Global Security and Risk Management Spending to Grow 14% in 2024, Forecasts Gartner
Worldwide end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023, according to a new forecast from Gartner, Inc. 2023 global security and risk management end-user spending is estimated to reach $188.1 billion. The continuous adoption of cloud, continuous hybrid workforce, rapid emergence and use of GenAI, and the evolving regulatory environment are forcing SRM leaders to enhance their security and risk management spending,
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Worldwide UC&C Revenues Grew 6.9% in Q2 2023 — IDC
Worldwide revenues in the Unified Communications & Collaboration (UC&C) market grew 6.9% year over year and 2.4% sequentially to $15.9 billion in the second quarter of 2023 (2Q23), according to IDC. For 2023, worldwide UC&C revenue is forecast to grow 8.6% year over year to $64.7 billion. This represents an upward revision of roughly $500 million from the previous quarter's forecast. In volume terms, the worldwide UC&C market grew 11.4% year over year and 2.9% sequentially in 2Q23 to $620.7 million.
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The Green Energy Transition Must Happen Roughly Three Times Faster than Previous Fuel Transitions to Maintain a Livable Planet: BCG Reports
Renewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050 to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example, to coal and hydrocarbons. These are among the findings of a new publication released today by the Boston Consulting Group Center for Energy Impact, titled The Energy Transition Blueprint.
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Business and Technology Leaders Come to Terms with The New Economic Rules for Ongoing Digital Transformation
As organizations evaluate their technology modernization options, business technology leaders are wrestling with how to reconcile the economic and operational complexities associated with on-prem modernization, cloud migration and effective long-term digital transformation strategies. Among members of the CIO community, however, a consensus is likely emerging to recast – yet again – the role of information technology (IT) departments in organizations.
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Risk-Based Vulnerability Management set to Encompass the Vulnerability Management Market by 2027, Omdia Reports
The first comparative research into the evolution of the vulnerability management market authored by Omdia has found that risk-based vulnerability management (RVBM) is set to encompass the entire vulnerability management market by 2027. Omdia’s comprehensive market analysis is the first report that provides a strategic overview of RBVM and its broader evolution within cybersecurity, which Omdia refers to as proactive security.
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Local Broadcast TV Ad Revenues to Top $23.8 Billion in 2024, Bolstered by Political and Increased Auto and Legal Ad Spending, BIA Estimates
BIA Advisory Services estimates the local broadcast TV industry in 2024 will generate $23.8 billion in advertising revenue, with $21.7 billion in over-the-air (OTA) revenue and $2.1 billion in digital television. This estimate indicates an 11 percent increase over 2023 for the television industry.
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60% of Seller Work to Be Executed by Generative AI Technologies Within Five Years, Expects Gartner
By 2028, 60% of B2B seller work will be executed through conversational user interfaces via generative AI sales technologies, up from less than 5% in 2023, according to Gartner, Inc. “Sales operations leaders and their technology teams must prepare for the convergence of new forms of artificial intelligence, dynamic process automation and reinvented deal-planning activities that will transform the sales function,” said Adnan Zijadic, Director Analyst in the Gartner Sales Practice.
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Education, Pro AV and Gaming: Reassessing the Esports Landscape after COVID-19; Futuresource Reports
Esports has come a long way from its reputation as being a niche hobby for teenagers. In recent years, esports has rocketed into a multi-billion-dollar opportunity, spanning multiple industries and garnering audiences on a global scale. From 2019 to 2020, revenues grew by 5%, and the following year, they jumped by another 17%. Sponsors and publishers are ramping up their contributions, and Futuresource expects to see a positive outlook for the industry over the next five years.
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