According to a new KPMG report, risk management is increasingly challenging. The survey found that 61% expect a significant increase in their level of responsibility for risk in the next three to five years. The research revealed that risk management professionals are focused on adapting to new risk types such as AI, ESG, and cyber risk.
Read MoreGlobal end-user spending on information security is projected to reach $212 billion in 2025, a 15.1% increase from 2024. This surge is attributed to the heightened threat environment, cloud migration, and talent shortages, prompting organizations to prioritize security and increase spending. Adopting AI and GenAI drives investments in security software markets, with a projected 15% increase in cybersecurity resources required to secure it through 2025.
Read MoreArtificial intelligence (AI) and its integration into enterprise systems are driving a resurgence of on-prem computing. In a recent CIO.com virtual roundtable co-hosted by IBM's Wayne Derry, senior enterprise technology executives from across the country explored the challenges and opportunities presented by this shift, particularly for organizations that previously embraced a "scorched earth" approach by eliminating their data centers.
Read MoreOne of the biggest problems facing business leaders in the era of AI may well be their tendency to have a deterministic perspective. Deterministic thinking among company executives can be considered a holdover from decision-making styles that became prevalent during the industrial era when the emphasis was on efficiency, standardization, and predictability, which were critical in managing large-scale, repetitive processes. Indeed, businesses were often thought of -- and described -- as machines that built the products and services they brought to market.
Read MoreMimecast's recent report highlights malicious links and AI-driven bots in call centers as major cybersecurity threats. The report reveals a significant spike in the use of malicious links, with attackers increasingly using multiple layers of false information to bypass security measures.
Read MoreWorldwide spending on AI, including AI-enabled applications, infrastructure, and related services, is expected to double by 2028, reaching $632 billion, with a 29.0% compound annual growth rate. Organizations are leveraging AI for employee experience, customer engagement, business process, and industry innovations. GenAI investments are rapidly growing and expected to reach $202 billion, representing 32% of overall AI spending.
Read MoreAccording to Gartner, everyday AI and digital employee experience (DEX) are expected to go mainstream in less than two years. Matt Cain, a Distinguished VP Analyst at Gartner, highlighted that everyday AI aims to reduce digital friction by assisting employees with tasks such as writing, research, collaboration, and ideation.
Read MoreBy 2030, the global manufacturing industry is expected to generate 4.4 zettabytes of data, more than double of this year's collection. This data originates from various sources such as IoT sensors, CNC systems, ERP systems, and MES. Efforts to effectively use and integrate this data are crucial for sustaining competitiveness and driving innovation.
Read MoreAs businesses move to the cloud and adopt cloud-native technologies, the need for Cloud Security Posture Management (CSPM) solutions is increasing. CSPM tools help organizations secure multi-cloud environments and meet regulatory requirements. The global CSPM market is projected to reach $5.58 billion by 2028.
Read MoreWith the threat of an impending recession, small and medium-sized businesses (SMBs) should take a hard look at employee management automation (EMA) to enhance efficiency, cut costs, and boost employee morale.
Read MoreWorldwide spending on public cloud services is projected to reach $805 billion in 2024, and it is expected to double by 2028, with a five-year compound annual growth rate (CAGR) of 19.4%. Cloud technology dominates tech spending, and most organizations have adopted the public cloud for hosting enterprise applications and for developing customer-facing solutions.
Read MoreThree years ago, BCG forecasted the quantum computing market. In its updated analysis, BCG reaffirms its projection that quantum computing will create $450-850 billion of economic value globally by 2040. Jean-Francois Bobier of BCG stated that while quantum solutions will surpass classical ones for some problems, there are still significant challenges to overcome.
Read MoreThe global market for AI platform software grew rapidly in 2023 and is expected to reach $153.0 billion in 2028, with a 40.6% compound annual growth rate. Innovations in generative AI are reshaping how companies develop and deploy AI applications. In 2023, Microsoft led the market with its comprehensive AI solutions deeply integrated into its software and cloud services.
Read MoreAccording to Gartner, Inc., by the end of 2025, at least 30% of generative AI (GenAI) projects will be abandoned due to poor data quality, inadequate risk controls, escalating costs, or unclear business value. Organizations are struggling to prove and realize value from GenAI investments, which can range from $5 million to $20 million.
Read MoreWith modest GDP growth and stagnant budgets, organizations are reallocating funds to support IT investments. GenAI is gaining importance for productivity improvements, with a 30% expected investment growth. Companies with high GenAI maturity anticipate 3x higher return on investment over the next three years compared to those with little or no adoption, according to a new report by BCG.
Read MoreSmall and medium-sized businesses (SMBs) are projected to significantly increase their spending on sales process automation (SPA) as we reach the decade's midpoint. According to projections from Analysys Mason, SMBs worldwide will continue investing heavily in IT solutions, emphasizing automation technologies that focus on customer interactions to enhance efficiency, reduce operational costs, and remain competitive in the market. Meanwhile, International Data Corporation (IDC) reports that worldwide revenue for SMB sales and marketing campaign management software is expected to grow from $8.5 billion in 2021 to $14.9 billion in 2026. These findings highlight the increasing recognition among SMBs of how automation tools drive productivity across business functions in general and their sales operations in particular.
Read MoreAccording 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.
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