Posts

Cyber World Attacks

We all know the past year has seen many challenges, including ongoing supply-chain disruptions, fallout from the Russian invasion of Ukraine, and widespread third-party breaches and security incidents. From healthcare to energy, no industry is immune to the attacks that are happening in our cyber world. New reports dig deeper into the trend happening in many industries today. It’s pretty darn scary, if you ask me. As one example, Prevalent’s new report The 2023 Third Party Risk Management Study provides deeper insights into current trends, hurdles, and programs that are impacting third-party risk management practitioners, which uncovers some current results. Let’s look at a few of them here. The report reveals roughly 41% of companies experienced an impactful third-party breach in the last 12 months. What’s more, they still depend on overlapping tools and manual process, which actually tend to slow incident response. The majority of respondents (71%) report the top concern regardin
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Highlights from PTC LiveWorx 2023

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PTC LiveWorx 2023, a live event in Boston, Mass., wrapped up last week after thousands of attendees experienced Xtropolis, the LiveWorx expo hall full of demos and interactive technology displays. It was PTC’s first LiveWorx event in four years. During those four years, PTC says it invested more than $3 billion in acquisitions and organic development, including its acquisitions of companies like Onshape, Arena, Codebeamer, and ServiceMax, as well as the launch of PTC Atlas and several SaaS (software-as-a-service) -based tools, including Windchill+, Creo+, and Kepware+ . The 2023 event focused on the importance of sustainable digital transformation. In his keynote address, PTC’s CEO Jim Heppelmann shared how PTC is supporting six trends in product development by enabling speed and agility, greater efficiency, an asset-centric vision, a focus on sustainability, and a transition to SaaS, in addition to building powerful partnerships. Heppelmann also gave examples of how PTC is helpin
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Fact of the Day – 5/24/2023

IDC says ICT spending in Spain will reach $64 billion in 2023, with insurance companies driving AI growth. The post Fact of the Day – 5/24/2023 appeared first on Connected World . from Connected World https://connectedworld.com/fact-of-the-day-5-24-2023/ via IFTTT
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Materials: Up, Up, Up

In the last two weeks, this blog has narrowed in on the subcontractor market and the remodeling market, looking at economic and technological trends for each market. Now, let’s look at nonresidential construction. The AGC (Associated General Contractors of America) notes that the price of materials and services in nonresidential construction specifically has increased about 0.5% from March to April, which is the largest increase since January. At the same time, an index that measures bid prices declined 0.3%. All this to say, margins are even tighter than they once used to be. Certainly, material price changes depend on the material, with some rising more rapidly than others during the month. For instance, liquid asphalt saw a 15.3% increase while asphalt paving mixtures and blocks saw a decrease of 5.9%. Also, a diverse range of input prices continued to increase in the month. Prices rose 13.7% year-over-year for cement, 13.3% for electrical switchgear, 13.2% for concrete produc
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Big 3 Risks in Construction

I have been writing about the labor shortage in multiple vertical markets for many years, covering manufacturing , construction , and even recently discussing the shortage of healthcare staff on The Peggy Smedley Show . Industries that are critical to the foundation of our country will falter if we don’t entice the younger generation to such careers—and the repercussions will be felt wide and far. Here at Constructech , I have even gone so far as to argue that finding the right workers is putting our country at risk. In fact, I went as far as to interview Whitney Jones who leads the Submarine Industrial Base Program to discuss the criticality of hiring a new generation of workers, which is truly national security. We need the workers to build the infrastructure that will underpin our nation’s footprint. It’s just that simple. I have been spending countless resources trying to emphasize the problem that exists so that as readers you do more than just read. You act. You go the extra mil
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Fact of the Day – 5/23/2023

Gartner says employees are 12% more likely to leave their workplaces if employers don’t establish explicit hybrid work norms. The post Fact of the Day – 5/23/2023 appeared first on Connected World . from Connected World https://connectedworld.com/fact-of-the-day-5-23-2023/ via IFTTT
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Fact of the Day – 5/22/2023

ABI Research says automated storage and retrieval system revenue to reach $1 billion in micro-fulfillment centers by 2027. The post Fact of the Day – 5/22/2023 appeared first on Connected World . from Connected World https://connectedworld.com/fact-of-the-day-5-22-2023/ via IFTTT
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