A recent study finds employees who are significantly younger than their managers tend to have lower productivity levels than those who are closer in age. The study cites a lack of collaboration between different generations as the cause of friction and suggests that companies can improve productivity by adopting intergenerationally inclusive work practices.
Read MoreIT distributor revenue fell 6.2% YoY to $20.6B in Q4 2023 (4Q23), marking the fifth consecutive quarter of decline. Enterprise spending on software, services and networking grew consistently, while consumer categories like personal computing, AV, imaging, electronics, peripherals and accessories surged in the pandemic but have since declined from their pandemic highs.
Read MoreUK law firms face increasing financial fraud and ransomware attacks, posing severe threats to both the firms and their clients. Leaders in the sector must reassess their risk mitigation strategies. Nic Miller from Counter-RansomwareTM warns that law firms are often targeted since they handle high-value payments and possess sensitive client data.
Read MoreThe cloud market has been growing for over a decade, rewarding leaders who established scale. Some vendors in infrastructure and SaaS capitalized on this growth to become the largest cloud providers in their segments. However, they experienced revenue slowdowns in 2023 due to the market shift towards new features, capabilities, and go-to-market programs, as well as the "law of large numbers".
Read MoreTop-performing supply chains are investing in AI/ML to optimize their processes twice as much as low-performing peers. The best organizations focus on productivity, not efficiency or cost savings, to sustain growth. A recent Gartner survey aims to understand how supply chains are adapting to changes in economic values and harnessing digital assets for productivity.
Read MoreThe automotive brake-by-wire systems market is expected to have a CAGR of 25.64% from 2022 to 2027, resulting in a market size surge of USD 10.33 billion. This is due to the effectiveness and efficiency of brake-by-wire systems, the trend of vehicle electrification, and the demand for lightweight vehicles. Major players like Brembo Spa, Continental AG, Haldex AB, and others are strengthening their market presence through alliances, partnerships, and innovation.
Read MoreDeepTech, a class of emerging technologies built on scientific and engineering innovation, is set to reshape industries and address social challenges. By aligning with the UN Sustainable Development Goals, DeepTech has the potential to make a significant social impact in areas such as healthcare, sustainability, and transportation.
Read MoreThe latest report by MIT SMR and BCG suggests that more and more companies are using AI to improve their KPIs, resulting in improved legacy performance metrics. The report is based on a global survey of over 3,000 respondents from various industries and interviews with executives leading AI initiatives. Most companies have yet to fully utilize the capabilities of AI to measurably improve their important metrics despite its ability to provide advanced analytics and predictive insights.
Read MoreAccording to Lukasz Litwic, Research Leader at Ericsson, Versatile Video Coding (VVC) offers broadcasters and streaming service providers new options for delivering high-quality digital entertainment experiences. VVC also provides a future-proof strategy for dealing with the constantly-evolving technological landscape. Litwic will unveil guidelines and best practices for implementing VVC for Next-Gen Video Experiences at the Mile High Video conference in Denver
Read MoreAs demand for high-quality video continues to rise rapidly with the popularity of streaming services, social media video, and user-generated content, analysts at Verified Market Research project that the market for video encoding technology will reach $3.1 billion by the end of the decade, growing at a steady CAGR of 5.31%.
It is in this context that Versatile Video Coding (VVC) — a video codec that offers improved efficiency and applicability for a wide range of applications — provides significant business and economic implications for many sectors of the economy that depend on high-quality video experiences.
Read MoreIMV is set to greatly enhance manufacturing engineering, training, safety, and production. According to a new report from ABI Research, spending on industrial metaverse solutions and services will grow at 22.8% to reach US$6.3 billion by 2030 as immersive and collaborative capabilities come to the forefront of industry 4.0 software development efforts to enable connectivity between digital twins and other systems.
Read MoreIn 2024, CIOs are expected to prioritize the adoption of gen AI for larger scale implementations. The primary motivation behind enterprise gen AI initiatives is to improve the velocity of existing operations. A recent global survey from Everest Group and Yates Ltd. suggests gen AI has successfully penetrated early enterprise adoption thresholds, with nearly 83% of global enterprises actively testing their capabilities or have already adopted gen AI for production-grade use cases.
Read MoreWhile most large enterprise technology leaders have reconciled themselves to running complex hybrid enterprise infrastructures made up of on-prem and cloud-based resources for the foreseeable future, their risk-management posture should be firmly rooted in cloud-native security principles. So says Sean Flynn, Director of Security Technology and Strategy at Akamai, in a recent podcast interview with BizTechReports.
Read MoreGartner, Inc. has highlighted the top trends that will impact technology providers in 2024.
“GenAI is dominating the technical and product agenda of nearly every tech provider,” said Eric Hunter, Managing Vice President at Gartner. “The technology reshapes a tech provider from its growth and product strategy down to the everyday tools used by its associates. Despite the potential for GenAI to reshape providers, it is not the only influence facing technology leaders. There are new friction points in growth plans, new points of fusion in marketing and sales, and new relationships opening up to TSPs.”
Read MoreIDC predicts that by 2024, 35% of companies and regional public service institutions will leverage AI technology to advance their ESG metrics and data management beyond reporting capabilities to generate sustainability-driven cost benefits and competitive advantages. In a recent survey, technology buyers in APEJ ranked AI and its derivatives as the number one most useful innovative technology to meet their sustainability/ESG objectives.
Read MoreAs economic conditions continue to improve, tech spend will grow 5.3% in 2024 — up from 3.5% in 2023. Two factors will primarily contribute to this growth: Increased spending on software and IT services, including genAI, cloud, security, and digital, and economic growth in Asia Pacific. By 2027, software and IT services will capture 69% of global tech spend, with investments in genAI software predicted to reach $227 billion by 2030.
Read MoreBy 2027, Gartner predicts over 50% of CDAOs will secure funding for data literacy and AI literacy programs due to the failure of enterprises to achieve the expected value from GenAI. Few organizations are implementing AI literacy programs, but industry executives are beginning to realize that a workforce knowledgeable in data, analytics, and AI is vital.
Read MoreThe latest KPMG Global Automotive Executive Survey reveals a dip in optimism as the sector deals with concerns over the global economy and rising costs. Overall, just 34% of executives said they were highly confident versus 41% the previous year. Meanwhile, highly confident respondents in Western Europe dropped from 31% last year to 24% and fell from 48% to 43% in the US.
Read MoreIn a recent FutureScape report, IDC FutureScape: Worldwide Developer and DevOps 2024 Predictions — Asia/Pacific (Excluding Japan) Implications, IDC predicts that by 2028, GenAI-based tools will be capable of writing 70% of software tests, decreasing the need for manual testing, resulting in improvements to test coverage, software usability and code quality.
Read MoreForrester estimates that global tech spending will rise to $4.7 trillion in 2024, However, the highly competitive markets and increased spending will add pressure on technology leaders to provide IT capabilities that can contribute to their firm's growth agenda while managing costs and increasing efficiencies - and disconnected IT strategies can undermine the positive impact on revenue, profit, customer satisfaction, and employee engagement.
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