90% of CEOs Are Waiting for GenAI to Move Past the Hype or Experimenting in Small Ways — BCG Reports
GenAI exploded into the public consciousness in 2023, promising to transform the way business functions. Despite the potential, leaders are struggling to convert hype into reality. According to a new report by BCG, 66% of executives are ambivalent or outright dissatisfied with their organization’s progress on AI and GenAI so far, citing three primary reasons for their dissatisfaction: a lack of talent and skills (62%), an unclear AI and GenAI roadmap and investment priorities (47%), and absence of strategy regarding responsible AI and GenAI (42%).
Read More
Half of Supply Chain Organizations Plan to Implement GenAI in the Next 12 Months, Gartner Survey Shows
Half of supply chain leaders plan to implement generative AI (GenAI) in the next 12 months, with an additional 14% already in the implementation stage, according to a survey by Gartner, Inc. The survey data also showed that chief supply chain officers (CSCOs) are dedicating 5.8% of their function’s budget, on average, to GenAI.
Read More
Enhanced Connectivity and Improved Computing Power to Drive 15 Million Global Shipments of Video-On-Demand Embedded Cars in 2030 — ABI Research Reports
Automotive OEMs are focused on integrating immersive VoD and gaming to fill the vehicle with digitally native experiences that generate engagement and revenue among their customers. ABI Research forecasts worldwide shipments of cars with VoD will reach 15.09 million by 2030, driven by improved connectivity, higher screen size and resolution, and enhanced computing power of today’s vehicles.
Read More
The Telecom Industry Will be Calculated in Its Progression to 6G to Ensure Meaningful ROI — Technology Business Research Reports
The 2023 Brooklyn 6G Summit highlighted both the optimism and uncertainty the telecom industry is experiencing as it progresses from the 5G era, which is about halfway through its developmental cycle, to the 6G era, which is expected to commence in 2028, when the first 6G specification in 3rd Generation Partnership Project (3GPP) Release 21 is finalized.
Read More
The Right High Dynamic Range Strategies Can Open Doors to Cost-Effective Competitive Differentiation Among Video Streaming Providers
The highly competitive streaming video landscape is prompting executives in the over-the-top (OTT) video streaming market to explore features and capabilities that drive customer retention and greater audience engagement. High Dynamic Range (HDR) is a technology that falls into this category of emerging solutions as it gains more attention from consumers and the industry, according to Nick Mitchell, Media Solutions Consultant for InterDigital, in an interview for journalists.
Read More
Does SD-WAN Have a Future in a SASE World? GigaOm Reports
In the ever-evolving landscape of networking and security, two buzzwords have been making the rounds: SD-WAN and SASE. With the confusion surrounding them and SASE (the newer of the two), you may wonder: “Does SD-WAN have a future in a SASE world?” GigaOm explores the benefits of SD-WAN, the hype around SASE, how they fit together, and whether SASE is an automatic choice for all SD-WAN customers.
Read More
Smart Home Devices Resonate with Consumers, Global Shipments to Double by 2027 — Futuresource Consulting Reports
Consumer adoption of smart home devices continues apace, with a new Futuresource Consulting report indicating that shipments could have exceeded 257 million units worldwide in 2023. That’s a year-on-year increase of 23%, and the specialist research firm expects sector activity to intensify over the next few years.
Read More
GenAI to Takeover 30% of Traditional Marketing’s Mundane Tasks by 2027 — IDC Reports
GenAI is predicted to handle 30% of traditional marketing tasks in Asia/Pacific by 2027. 37.8% of CMOs are already implementing GenAI technologies. Marketing is becoming more data-driven with the rise of Generative AI, content fatigue, phasing out of cookies and a shift towards open advertising.
Read More
Global Shipments of Smart TVs Poised to Make a Slow Recovery, According to IDC
Worldwide smart TV shipments are on track to decline 5.5% year over year in 2023, according to IDC. However, the market is expected to recover with a flat growth forecast in 2024, followed by slow growth in the following years. With high inflation and long refresh cycles, much of the growth in the smart TV market is relegated to emerging markets.
Read More
Optimism for Enterprise AV as Companies Seek to Strengthen Office Value — Futuresource Consulting Reports
Advanced collaboration tech will be crucial in the post-COVID office. A Futuresource Consulting report shows that 2022-2023 saw corporate AV budgets squeezed due to chipset price hikes and supply chain disruption. The tech sector also faced layoffs. But, the firm sees a potential growth upswing, projecting growth in volume and value for various collaboration devices.
Read More
50% of Consumers Will Significantly Limit Their Interactions with Social Media by 2025, Predicts Gartner
By 2025, Gartner predicts 50% of consumers will quit or reduce social media use due to declining quality. A Gartner survey found 53% of consumers thought social media quality has declined compared to the past due to misinformation, toxic users, and bots. Consumers fear GenAI integration will worsen user experience. Emily Weiss, Senior Principal Researcher at Gartner, advises CMOs to refocus acquisition and retention strategies as users increasingly limit their social media use.
Read More
Public Sector Poised for $1.75 Trillion Boost in Annual Productivity by 2033, Propelled by GenAI — BCG Reports
Governments worldwide are using GenAI to improve decision-making and services. According to a study by BCG, GenAI could increase productivity in the public sector by $1.75 trillion per year by 2033. This estimate includes all levels of government and various domains.
Read More
Worldwide Sovereign Cloud Spending to Reach More Than $250 Billion in 2027, Forecasts IDC
Sovereign cloud spending is expected to reach $258.5 billion by 2027, growing at a CAGR of 26.6%, according to IDC. Regulatory compliance has been the main driver for demand, but digital sovereignty has emerged as a significant concern across all industries. The need to enhance cybersecurity and expand cloud use are the main drivers for the adoption of sovereign cloud solutions.
Read More
‘Do More with Less’ Will Be Driving Force for Enterprises in 2024 — Everest Group
2024 will be the year of doing more with less, according to the results of the Everest Group 2024 Key Issues Study of enterprise executives. Top priorities for enterprises for the year ahead are revenue growth and a continued emphasis on cost optimization. Talent acquisition, which dominated enterprise concerns just two years ago, is no longer among the Top 5 expected challenges, falling to No. 8 from previous No.1 and No. 3 positions in expectations for 2022 and 2023, respectively.
Read More
Cyber and Digital Technology Risks are a Key Concern for Businesses and Risk Leaders, even as 60% see GenAI as an Opportunity: PwC 2023 Global Risk Survey
PwC’s 2023 Global Risk Survey found that 37% of respondents consider cyber risks as their top concern, while 32% worry about digital technology risks. Despite this, 60% of businesses surveyed see Generative AI as an opportunity. The survey included 3,900 business and risk leaders from different sectors and reveals the impact of emerging technologies such as machine learning, automation, cybersecurity and the cloud on businesses.
Read More
Gartner Identifies the Top Trends Impacting Infrastructure and Operations for 2024
Gartner outlines six trends that will significantly impact infrastructure and operations (I&O) over the next 12 to 18 months. I&O leaders have limited resources to track emerging trends and their impact on I&O, with a recommendation to I&O leaders to use the top trends impacting I&O for 2024 to identify which trends are most likely to impact their organization and implement effective tactics to respond.
Read More
Economy, Inflation Outrank Talent and Technology as Primary Risk for Global Business Leaders Next Year, Protiviti-NC State University Survey Finds
According to a recent survey by Protiviti and NC State University’s ERM Initiative, economic pressures and persistent inflation are the top near-term risks facing business leaders globally, overtaking the war for talent. The survey also found that cyber threats are the top concern of respondents over the next decade.
Read More
60% of Asia's Top Firms to Pivot CX Budgets to GenAI, Phasing Out Old Software by 2027
In a recent report, IDC predicts that by 2027, 60% of APAC firms will allocate 35% of their CX budget on emerging products and skills as GenAI improves. This shift shows that companies are starting to prioritize GenAI for customer-facing applications, hoping to improve customer satisfaction, service, and retention.
Read More
Streaming Service Providers Seek Differentiation with Technology-enabled Engagement Strategies
While the market for digital video entertainment has never been more vibrant, the factors that created opportunities have also seeded the challenges faced by the sector today, says Serhad Doken, chief technology officer for Adeia in a podcast interview for journalists.
Read More
Media Streaming Market Shows Pockets of Growth Despite Overall Decline
The market for media streamers is facing significant challenges due to the weak economic climate and the increasing ownership of smart TVs. This has resulted in a decline in sales. However, a new report from Futuresource Consulting has identified some areas of opportunity despite the decline.
Read More
