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BIZNEWS

News that impacts your business. Collected by biztips staff with you in mind.

 Warning:

Companies are failing to assess risks of new technology

While companies are increasing their focus on emerging technologies to help transform their businesses, many are not assessing the risks that come with their adoption, according to KPMG LLP's Tech Risk Management Survey.

Nearly half of the 200 senior IT risk management executives surveyed whose companies have adopted mobile applications and devices have not included them in recent IT risk assessments.

"Change and disruption has never moved faster and the speed of technology deployment is critical, but it can't be at the enterprise's expense," said Phil Lageschulte, Leader of Global IT Advisory Services for KPMG.  "Tech risk management should anticipate changes while or before they happen and determine the associated risks. Accordingly, tech risk management should be involved in strategic business planning, embedding the risks and adding value upfront."

For more information: KPMG Tech Risk Management Survey Report: Disruption is the New Norm.

 

The business road ahead

 

Medical services forecast to  reach $3.1 trillion in four years

 

US DEMAND for medical services is forecast to reach $3.1 trillion in 2021, according to Medical Services: United States, a report recently released by Freedonia Focus Reports.

Providers of medical services are expected to benefit from continued growth in consumer incomes, government healthcare spending, and the number of acute and chronic conditions, driven by an aging population. Faster gains in value terms will be limited by government and insurance company efforts to curb growth in healthcare costs.

Notably, spending for home healthcare services is projected to exhibit the most rapid growth among discrete segments to 2021. The lower costs associated with home healthcare services relative to nursing homes and the desire of many persons to remain in their homes are expected to drive spending. In addition, the growing elderly population is projected to boost demand.

More information.

 

Cooking appliances to be in strong demand

 

DEMAND FOR US household cooking appliance is forecast to total $9.6 billion in 2021, with gas appliances leading the way, according to Household Cooking Appliances: United States, a report recently released by Freedonia Focus Reports. Increasing housing starts, rising incomes, as well as the need for replacement appliances in existing homes will drive gains over the forecast period.

Demand for electric household cooking appliances is projected to remain the largest of any segment through 2021.

Shipments of gas household cooking appliances produced in US facilities are expected to grow the fastest of all segments through 2021, driven by rising housing starts, increasing disposable income levels, and the affordability of natural gas.

More information

 

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