Digital Lifescapes

Artificial intelligence (AI) has emerged as a transformational force, reshaping business processes and unlocking new possibilities for efficiency and innovation in corporate finance. The latest Gartner survey on AI usage in finance provides evidence of this emerging trend, offering valuable insights into the future growth trajectory of AI in finance. The Gartner survey reveals a significant milestone. As of 2024, 58 percent of finance functions actively use AI technology -- that's a substantial increase from previous years. Artificial Intelligence Market Development Perhaps even more telling is the projection that by 2026 more than 80 percent of finance functions are expected to be leveraging AI solutions. The survey sheds light on the use cases of AI in finance: AI is being deployed to enhance forecasting accuracy and provide deeper insights into financial trends. Automation of routine tasks and improved accuracy in financial reporting are key benefits observed. AI algorithms are ...

The rise of quantum computing has been heralded as a game-changing technological leap, promising to solve complex problems far beyond the reach of traditional powerful computers. However, it's becoming clear that the future of high-performance computing lies not in quantum alone, but in a hybrid approach that combines the strengths of quantum and classic systems. According to the latest market study by Juniper Research , there are challenges facing pure quantum computing and solutions developed to bridge the gap between its potential and realistic applications. Quantum Computing Market Development Juniper Research forecasts that quantum technology commercial revenue will grow from $2.7 billion in 2024 to $9.4 billion by 2030. This growth trajectory underscores the interest and investment in quantum technologies across various industries. The path to widespread adoption is not without obstacles. One of the most significant challenges is quantum decoherence, where systems lose their ...

The rapid evolution of the enterprise software landscape is amazing. One of the most significant trends I've observed is the surging demand for Application Programming Interfaces (APIs) driven by the rise of Artificial Intelligence (AI) and Large Language Models (LLMs). According to the latest market study by Gartner, more than 30 percent of the increase in API demand will come from AI and LLM-powered tools by 2026. This illustrates the transformative impact these technologies are poised to have on leaders who innovate. The Gartner study paints a clear picture of the forces at play. Technology Service Providers (TSPs) are leading the charge in adopting Generative AI (GenAI), with 83 percent of the 459 TSPs surveyed reporting that they have already deployed or are piloting these capabilities within their organizations. GenAI API Market Development As TSPs help large enterprise customers integrate GenAI into their offerings, the demand for APIs to power these AI-enabled solutions wi...

The Chief Financial Officer (CFO) role is essential to digital business growth. While CFOs do not get closely involved in the tactical details of the digital transformation of their functions, they still recognize its strategic importance. According to the latest survey by Gartner, CFOs are faced with the challenge of balancing the need for substantive digital business innovation with financial cost control and risk management. "CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with," said Marko Horvat, vice president at Gartner. Survey Findings: The Top Ten Priorities Cost Optimization - Cost reduction remains the top priority for CFOs as they look for ways to cut costs and improve efficiency in their operations. This includes identifying cost-saving opportunities through automation, outsourcing, and business process improvement. Business Continuity - The global C...

Secure online access plays a key role in the exchange of data and information. That resource is more valuable to executives due to the insight it can provide in improving operational efficiencies. Protection of this resource must meet IT security requirements for approved user authentication. Identity and Access Management (IAM) is the security discipline that enables the right individuals to access the right resources at the right times for the right reasons. These resources could be tools required to complete a job, access an enterprise database, or IT services and software apps hosted in the cloud. Enterprise IT's essential role in the management of user authentication requires ensuring each person is who they claim to be while also enabling ease of access for those users. An effective access management solution will fulfill the security policies outlined by the Chief Information Security Officer (CISO).  Identity and Access Management Market Development According to the latest ...

Savvy enterprise security and risk management leaders will continue to protect their organizations against new and emerging threats in 2022 and beyond, according to the latest global market study findings by Gartner. "Organizations worldwide are facing sophisticated ransomware, attacks on the digital supply chain and deeply embedded vulnerabilities," said Peter Firstbrook, vice president at Gartner . The pandemic accelerated remote work adoption, challenging the Chief Information Security Officer (CISO) to secure the distributed workforce -- while dealing with a shortage of skilled IT security staff. These big challenges create three overarching trends impacting cybersecurity practices: new responses to sophisticated threats; the evolution and reframing of an IT security practice; and rethinking business technology protection. IT Security and Risk Apps Market Development According to the Gartner assessment, the following IT security and risk-related issues will have a signifi...

As more multinational organizations adopt distributed workforce policies for their employees, CIOs are seeking superior IT and networking solutions that will scale to support fully protected hybrid working models. That includes end-user computing apps that can securely adapt to any device. Gartner reports that enterprise security and risk management spending grew by 6.4 percent in 2020 due to increased demand. Worldwide spending on information security and risk management technology and services is forecast to grow 12.4 percent and reach $150.4 billion in 2021, according to the latest market study by Gartner.  Security & Risk Management Market Development Gartner analysts believe that the strong growth rate reflects continuing demand for remote worker technologies, such as the digital workspace, and public cloud security for SaaS applications. "Organizations continue to grapple with the security and regulatory demands of public cloud and Software as a Service," said Lawre...

Corporate risk management leaders must face the trade-off between delivering timely guidance and conducting detailed risk audit assessments. Meanwhile, the ability to protect assets, reputation and sustainability is becoming more challenging amid rapid shifts in the global economic environment. Enterprise information technology (IT) security control failures were listed as the top emerging risk in the first quarter of 2021 during a poll of senior executives, according to the latest worldwide market study by Gartner. Despite a myriad of potential risks resulting from the COVID-19 pandemic -- such as alternative work locations and Environmental, Social and Governance (ESG) concerns -- cybersecurity risk was consistent across all global regions and most industries, cited by 67 percent of survey respondents. Comprehensive IT Security Market Development The next highest cited risk, "the new working model" was cited by 43 percent of respondents. "Many organizations were forced...

Business and technology leaders must address the key IT Security and Risk Management issues, as the COVID-19 pandemic impact accelerates demand for digital transformation, and creates new challenges for traditional cybersecurity practices. "The first challenge is a skills gap. 80 percent of organizations tell us they have a hard time finding and hiring security professionals, and 71 percent say it’s impacting their ability to deliver security projects within their organizations," said Peter Firstbrook, vice president at Gartner . Other key challenges facing IT security and risk leaders in 2021 include the complex geopolitical situation, increasing government regulations, the migration of workloads off traditional data networks, more endpoint device diversity, and a shifting cyber-attack environment. The following trends are expected to have a significant potential for disruption. Comprehensive IT Security Market Development A cybersecurity mesh is a modern security approach t...