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Topic 1: The Current State of Mergers, Acquisition, and MSP Consolidation
Mergers and Acquisitions are alive and well in the MSP channel. Jay McBain from Canalys predicts a growth of M&A of 50% in 2024. In addition to MSPs themselves, he says that we’ll see some major vendors acquired as well.
The promise of these larger organizations is always that they’ll bring efficiency and profit. So far, that hasn’t happened. But that’s the promise.
Karl thinks this is a GREAT marketing opportunity for MSPs.
Related Links:
https://greenwichgp.com/wp-content/uploads/2024/02/MA-Demand-for-Managed-Service-Providers-in-2024.pdf
https://www.channelfutures.com/mergers-acquisitions/msp-m-a-staying-hot-what-to-expect
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Topic 2: The Practical Application for AI in Small Business
Are we there yet?
While AI is the most popular topic in technology, the question remains: what can we use AI for that will produce actual business value? Some industries have made great progress with AI, including manufacturing and medicine. According to a recent study, more than 93% of manufacturers (from start-ups to global giants) are already using AI in some form.
What are the implications and opportunities for MSPs and solution providers to sell their services to manufacturing clients? And what lessons can we learn to accelerate the adoption of AI in other industries?
Related Link:
https://research.aimultiple.com/manufacturing-ai/
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Topic 3: How to best use predictions and analysis from guys like us.
Summary of the Larry Walsh article linked below: “IT spending growth projections should be taken with caution as they are directional and subject to change. While major analyst firms forecast healthy growth, the market is not uniformly strong, with several countries experiencing recession. Partner confidence is also dampened due to negative macroeconomic trends. Despite fluctuations in forecasts, investors, vendors, and partners rely on them for strategic planning. Channelnomics predicts conditions in the first half of 2024 to resemble 2023, with substantial improvement in the second half. Robust growth in IT spending is expected in 2025 and potentially 2026, driven by investments in artificial intelligence, data management services, and infrastructure refreshes.”
Article by Larry Walsh, Channelnomics:
https://channelnomics.com/taking-it-spending-forecasts-with-grain-of-salt/
See also:
"With a projected 6.8% surge in global IT investment in 2024, organizations are positioned at the brink of transformative growth. According to Gartner, worldwide IT spending it expected to total $5 trillion in 2024. This represents a 6.8 percent increase over 2023. And while this is an increase, it’s down from the previous forecast of 8 percent."
https://www.teamdynamix.com/strategic-it-spending-in-2024-navigating-growth-and-innovation/
:-)
Episode 206: ChatGPT Year 1, Robots Multiplying by Thousands, and Destructive Private Equity
Episode 205 - Overworking, AI, AR, and More!
Episode 204: KIT LIVE at the SMB Online Conference
Epsiode 203: AI is Moving Fast, Killing IT Revisits the Cabana, & This Isn't Goodbye but See You Later
Episode 202: The Good Guys win the Cyber Wars, Scientist Using Wifi to See Through Walls, & AI and Ethics
Episode 201: Jobs Again, FBI Crime Data is NOT Good, & First Personal Drone to be Produced by India
Episode 200: Labor Hoarding, Tech Workforce 2023, We Got the Digital Workplace Wrong
Algorithms in need of MGMT Training, Microsoft drops $1B on ChatGPT, & Apple to Create Their Own Chip
Episode 198: the Generative AI Race, Last Pass Security Incident, and Intelligent Elevators
Episode 197: Military Fingerprints and Iris Scans on Ebay, the Remote Worker Whistleblower, Mab Simulates Time Travel with AI
Episode 196: Scammers Scamming the Scam, "Luddite" Teens, and the Drones are Here
Episode 195: The Bots are Here, AI Fiction Author, and Call Time on FAANG Stocks
Episode 194: Killer Robot Police, New Words for New Data Volume, AI Images--Good or bad?
Episode 193: The FTX Contagion, Goodnight to Alexa, Amazon Replaces Recruiters with AI!
Episode 192: Federal Communications Commission Draft High-speed Internet Coverage Maps, The Tech Labor Situation, and Fed. Govt Provide Cybersecurity Insurance
Episode 191: Lithium Ion Batters Recyclable, 9 in 10 SMBs Fear Ransomware Attack, and Rude Behavior might be Contagious
Episode 190: Stripe Layoffs, Twitter Melt down, & the Crypto Meltdown
Episode 189: U.S. drop in productivity, Cloud Computing to grow, US Banks spend $1 Bill on Ransomware
Episode 188: Japan pushes for digitization, Drone swarms, & Australia increase penalties for data breaches
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