68% of finance organizations are using or planning to use AI, according to a recent survey by Gartner. Of 133 finance leaders surveyed in May 2023, 39% are currently using AI/ML, and 29% plan to use it in the future. Successful AI-forward finance organizations embrace AI at the C-suite level and embed data science teams within finance departments. Employees should view AI as a co-worker, not a threat to their jobs, for the highest likelihood and magnitude of success.
Read MoreDeep tech is advanced technology aimed at solving complex problems like climate change. It currently absorbs 20% of venture capital funding, up from 10% a decade ago, according to BCG. Funding fell from 2021 to H1 2023, tracking the broader decline in venture funding due to rising interest rates.
Read MoreGenerative AI is a rapidly growing field with immense potential. However, its success is not guaranteed, at least not in the short term. To understand the potential hurdles that lie ahead, we asked some of our analysts to share their thoughts.
So, what are the potential issues that could impede the progress of generative AI? Keep reading to find out, and be prepared for what lies ahead!
Read MoreAccording to a recent report by Bain and Company, retail sales data shows retailers are adopting various pricing strategies. Although the shopping season has begun on a positive note with a rebound in sales from September's low, some retailers are still offering sales events to drive sales. Despite these efforts, the growth rate for nominal retail sales in the US, as defined by Bain, is expected to be just 3.3% YoY in October, compared to 6.9% last year.
Read MoreAccording to Gartner, I&O leaders need to implement nine principles to maximize the resilience of cloud environments. The cloud is not inherently resilient, and most cloud outages are caused by software bugs rather than physical failures. In such cases, outages usually affect only some services or parts of the cloud provider's infrastructure. At the ongoing Gartner IT Infrastructure, Operations & Cloud Strategies Conference, analysts are discussing how to deal with these challenges and minimize the impact of cloud provider failures.
Read MoreBusiness building is a successful way to grow. However, only 52% of leaders feel confident in their company's ability to pursue new high-growth opportunities, according to a study by Boston Consulting Group (BCG). The study surveyed 1,051 senior leaders from 17 countries. Of those surveyed, 73% said that business building is a priority for them. Since 2021, the companies have pursued an average of five new high-growth opportunities each year, investing around 27% of their annual revenue in launching, acquiring, or co-launching startup ventures.
Read MoreOrganizations across the globe prioritize digital transformation (DX) to become digital businesses that can create value through the use of technology for processes, products, services, and experiences. According to the International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide, global DX spending is forecast to reach nearly $3.9 trillion in 2027 with a five-year compound annual growth rate (CAGR) of 16.1%. The United States accounts for 35.8% of DX spending, followed by Asia/Pacific (33.5%) and EMEA (26.8%).
Read MoreAnalysts face challenges categorizing technologies, such as automation platforms, which converge RPA, BPM, IDP, and ML, including NLP. This happens when the law of diminishing returns affects individual categories. For example, an RPA solution may hit limits due to process complexity and scope, driving the need for more powerful solutions with broader functionality.
Read MoreIn August 2023, Pluto TV channels comprised 21% of the top 100 FAST channels in the US. with the top 20 channels making up 50% of all FAST visits — pushing channel owners to ensure their content is easily discoverable.
Pluto TV and Paramount-owned FAST channels topped the consumption charts in June and July with exclusive content, Samsung TV Plus, Pluto TV, and Freevee have increased their channel catalogs while ViX and LG Channels have experienced slight reductions.
Read MoreLeasing companies are consolidating to gain market share and expand their offerings. The global vehicle leasing market is expected to reach $202.5 billion in 2023, with operational leasing contributing 60% of total revenue. The corporate leasing segment is set to revive, and the private leasing segment is expected to bounce back, despite competition from new mobility solutions.
Read MoreWorldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023. Cloud has become essentially indispensable. However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models. For example, organizations deploying GenAI services will look to the public cloud, given the scale of the infrastructure required.
Read MoreThe True MicroLED display market for pro AV and consumer televisions is set to skyrocket. According to a newly released report from Futuresource Consulting, it will accelerate from just $24.0M in 2023 to reach annual revenues of $26.2B in 2032, despite expected aggressive price erosion. The report also notes the market will break the $1B barrier in 2027 and will continue to generate a cumulative $63B market within the first ten years. The route to progress is not without its obstacles.
Read MoreItaly and France are considering new incentive schemes to protect domestic EV production and counter the cost advantage of cheaper Chinese EVs. Chinese automakers are expanding globally with technology improvements, quality enhancements, integrated value chains, and targeted sales strategies. The demand for conventional ICE vehicles and premium EVs is driving Chinese automakers to increase their global footprint, with Frost & Sullivan predicting exports to grow from 2.3 million to 5.3 million units by 2030.
Read MoreInternational Data Corporation (IDC) today presented its worldwide artificial intelligence (AI), GenAI, and automation predictions for 2024 and beyond. The predictions were presented by Ritu Jyoti in an IDC FutureScape webinar, which is available for on-demand replay.
IDC presented its worldwide AI, GenAI, and automation predictions for 2024 and beyond. The GPT-3.5 series from OpenAI has triggered a surge in generative AI investment. IDC expects worldwide spending on AI solutions to exceed $500 billion in 2027, leading to a significant shift in tech investments towards AI implementation and adoption of AI-enhanced products/services.
Read MoreAccording to a new survey, CFOs are under increased pressure to implement and report on ESG programs across their organizations. The survey finds 60% of finance leaders indicated a substantial increase in the frequency and focus of their reporting related to ESG issues. Compared to last year, ESG metrics and measurement have become a top priority for CFOs in 2023 — up from its 11th position ranking in 2022. The survey also reveals 57% of publicly held and 40% of privately held companies have included measuring and reporting ESG risks and issues as part of their finance team’s responsibilities over the past year.
Read MoreFor the second consecutive quarter, a survey conducted by Gartner, Inc. revealed that dependence on a specific cloud provider for multiple business capabilities is one of the top five emerging risks for organizations. “The risk associated with cloud concentration is fast losing its ‘emerging’ status as it is becoming a widely recognized risk for most enterprises,” said Ran Xu, director, research in the Gartner Legal Risk & Compliance Practice. “Many organizations are now in a position where they would face severe disruption in the event of the failure of a single provider.”
Read MoreFollowing a decade of cord-cutting, that has seen pay-TV subscribers churning to paid online video services, Omdia expects 2024 to bring a new stage of market evolution, with users of paid online video services moving to free online video.
Omdia is tracking several market developments that are driving this pay-to-free (P2F) trend. The clampdown on password sharing by streamers, for example, has created a welcome subscription boost for them. But Omdia sees this as a short-term phenomenon, with that segment of the streaming customer base vulnerable to P2F churn in 2024, particularly as industry strikes and the cutting back on programming budgets will start to affect content quality.
Read MoreDrivers and passengers expect high-quality audio in their cars - and those expectations are growing. Many automotive companies now use audio to differentiate themselves and promote branded audio. As the automotive audio system market continues to gain traction, it is expected to generate $25B by the end of 2023 and rising to $29B by 2027.
Read MoreThe ability to ensure high-quality images, regardless of network conditions in a theatre of operations, has emerged as a critical success factor for Intelligence, Surveillance and Reconnaissance (ISR) activities that depend on video-based intelligence to establish situational awareness and support effective decision-making. This is because missions are rarely executed in controlled laboratory environments. Quite the opposite, says Mark Rushton, global defence and security lead at VITEC, a leader in the Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) technology community.
Read MoreForrester predicts that by 2024, 60% of those who are skeptical about generative AI will end up using and appreciating the technology, without even realizing it. Consumers who are skeptical of genAI will eventually adopt it for tasks that can boost their creativity and productivity, such as seeking help from conversational assistants, summarizing and translating content. Furthermore, the investment in genAI by business, technology, and marketing leaders in the coming year will increase employees' creative problem-solving time by up to 50%, driving customer-centric innovation and creating greater business value.
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