According to Gartner, Inc., global IT spending is projected to reach $5.26 trillion in 2024, a 7.5% increase from 2023. This is slightly lower than the previous forecast of 8% growth. One reason is that GenAI is impacting all technology segments, with some software spending increases attributed to GenAI. However, he noted that for software companies, GenAI is akin to a tax, as the revenue gains primarily benefit the AI model provider partner.
Read MoreIn an increasingly crowded gaming space that is ripe with repetition, players are looking for new ways and new types of content to engage with. This is where Vampire Therapist looks to stand out. Developed by Little Bat Games and slated for a July 18th release, this innovative game blends cognitive behavioral therapy with vampire lore, offering a novel gameplay experience that enlightens while it entertains.
Read MoreThe Internet of Things (IoT) security market is driven by demand for secure microcontrollers (MCUs). ABI Research forecasts 1.5 billion Secure MCU shipments by the end of 2024. Despite chipset shortages, high-end edge devices require secure enclaves to protect confidential processes.
Read MoreAccording to a recent Gartner survey, 64% of customers prefer that companies do not use AI in their customer service. Additionally, 53% of customers would consider switching to a competitor if they learned that a company was going to use AI for customer service. The survey highlighted the contrast between customer service leaders' eagerness to adopt AI and customers' concerns about its use in customer service.
Read MoreThe 2024 SOC Survey by the SANS Institute provides valuable insights into the current state and challenges of Security Operations Centers (SOCs) worldwide. This comprehensive study examines the architecture, technology, staffing, and performance metrics of SOCs. Understanding the best practices and common challenges in SOCs is crucial for businesses to defend against cyber threats and improve security measures.
Read MorePaul E. Davis, CEO and president of Adeia Inc., highlighted the importance of trust in the international intellectual property community. He emphasized the need for comprehensive trust among stakeholders to sustain rapid rates of innovation and support the IP sector. Davis also noted the impressive trajectory of innovation in the United States, citing a significant increase in granted patents over the years.
Read MoreA recent worldwide survey of technology buyers by IDC found that GenAI is expected to have the most impact on technology decision-making, financial and operational systems, and customer engagement. Regional differences were observed: North American buyers focused on financial and operational systems, while Western European buyers emphasized IT and line of business technology decision-making.
Read MoreWhile leaders at small and medium organizations (SMOs) may not match their larger counterparts in terms of scale and budget for technology investments, modernization, automation and business transformation are increasingly recognized as the keys to remaining competitive and meeting the evolving expectations of customers and other stakeholders. The good news is that new developments in technology and the emergence of new services have democratized SMO access to a growing array of business process automation capabilities.
Read MoreAccording to a recent Gartner poll, 55% of organizations have an AI board, and 54% have a head of AI or an AI leader. Frances Karamouzis, a Distinguished VP Analyst at Gartner, emphasized the need for clear rules and accountability for AI initiatives within organizations. These findings are based on a poll of 1,808 respondents from a Gartner webinar in June 2024 and may not be globally representative.
Forrester's report identifies generative AI for visual content, genAI for language, TuringBots, and IoT security as the top emerging technologies for businesses. These technologies will deliver significant ROI in the next two years.
Read MoreA recent study by BCG shows 75% of global workers believe GenAI will disrupt the workplace, but 57% are willing to retrain for new roles, and 64% feel confident in job negotiations. The report, based on survey data from over 150,000 workers in 188 countries, highlights the proactive approach workers are taking to adapt to technological changes, demonstrating confidence in thriving in a changing job market.
Read MoreAccording to a recent poll by Everest Group, business executives attending global conferences are primarily interested in learning from real case studies and networking with peers. The poll revealed that 79% of executives prioritize learning from real case studies, while 55% are interested in meeting and networking with peers.
Read MoreAI is rapidly being adopted in financial reporting processes, with 72% of businesses currently using it, a number expected to reach 99% in three years. This is according to global research from KPMG International. The adoption varies across regions and sectors, with North America leading the way.
Read MoreThe global public cloud services revenue reached $669.2 billion in 2023, a 19.9% increase from the previous year. Software as a Service – Applications accounted for nearly 45% of the market, followed by Infrastructure as a Service at 19.9%. Platform as a Service and Software as a Service – System Infrastructure Software contributed 18.4% and 17.0% of the total revenue, respectively, with PaaS and SaaS – SIS showing the fastest year-over-year growth.
Read MoreCEOs are increasingly focused on integrating new technologies into their business models to drive growth. Two-thirds of technology leaders report directly to the CEO, highlighting the growing importance of the CIO role. It is crucial for CIOs to possess both technological and business skills to drive innovation and create value through emerging technologies.
The fourth Annual SaaS Security Survey Report: 2025 CISO Plans and Priorities by the Cloud Security Alliance revealed that 39% of organizations are increasing SaaS cybersecurity budgets, and 70% have prioritized investing in SaaS security and creating dedicated SaaS security teams.
Read MoreIDC projects public cloud services will reach $219.3 billion by 2027, with the Asia/Pacific region experiencing significant growth in public cloud services and software investments, investing heavily in cloud-based software, data analytics tools, and AI platforms to optimize operations, enhance customer experiences, and gain valuable insights.
Read MoreBusiness executives attend global conferences to learn from real case studies and to network with peers, according to a poll by Everest Group. The agenda for Everest Group Engage aims to meet these objectives and provide impactful insights to attendees.
Read MoreBy 2025, global IoT adoption is expected to peak, potentially generating $4-11 trillion in economic value. However, this surge in IoT devices also brings security risks, leading to a rise in global IoT attacks. While IoT networks empower enterprises, the market is not fully prepared to invest in IoT security.
Read MoreAI PC shipments are forecasted to reach 22% of the total PC shipments in 2024, and by the end of 2026, 100% of enterprise PC purchases will be AI PCs. AI PCs include a neural processing unit (NPU), enabling AI PCs to run longer, quieter, and cooler and have AI tasks running continually in the background, creating new opportunities to leverage AI in everyday activities.
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