Digital ID Verification Spending to Exceed $26 Billion by 2029
A new study from Juniper Research has found that spending on digital identity verification checks will grow by 74%, from $15.2 billion in 2024.
New research from IDC shows that applying generative AI to a range of enterprise marketing tasks will result in an estimated productivity increase of more than 40% by 2029. "In the next five years, GenAI will advance to the point where it will handle more than 40% of the work of specific marketing roles," said Gerry Murray, research director of IDC's Enterprise Marketing Technology practice. "Because of the rapid evolution of GenAI capabilities, marketing leaders will have to prepare their staff for fundamental changes to roles, skills, and organizational structure."
To calculate the potential impact of GenAI capabilities on marketing, IDC modeled the work of 24 key marketing roles across five main categories of work – Management and Planning, Branding and Creative Services, Campaign and Engagement, Analytics and Reporting, and Other. Next, IDC estimated how much of each category of work can be delegated to GenAI over the next five years. Combined with staffing levels and fully loaded cost estimates, IDC then calculated the productivity impact of adopting GenAI throughout a large marketing team.
The results show that GenAI will be able to handle more than 40% of the collective work of marketing teams and potentially 100% of specific marketing tasks. While the benefits of applying GenAI to marketing tasks will vary by company based on the number of individuals associated with each role and the salary ranges at the organization, the productivity gains (as a percentage of work) offer strong guidance for marketing teams of all sizes.
To prepare their organizations to take advantage of GenAI, IDC recommends that tech buyers take the following steps: