During third-quarter earnings calls, space executives discussed the use of artificial intelligence (AI) as a critical component of satellite and imagery technology. Solutions are needed at the speed of AI to maintain U.S. tactical prowess against adversarial countries. Rising interest rates had ... READ MORE >
Business and professional services
Government services companies strive for innovation
During third-quarter earnings calls, executives in the government services ecosystem addressed the common challenge of how to navigate an increasingly competitive landscape. These calls, transcripts of which were provided by Bloomberg, addressed a wide variety of topics. However, three broad themes ... READ MORE >
CMOs looking to invest in emerging technologies, survey finds
An improved economic environment has led most chief marketing officers to double down on investment and optimization strategies, according to Dentsu's Fall 2023 CMO Navigator. This is in line with RSM’s business services industry outlook, which focuses on companies’ ability to keep up with emerging ... READ MORE >
How a government shutdown affects contractors
We have been here before—a possible government shutdown. The good news is that government contractors are now resilient to these events, and most have contingency plans in place. But those new to government contracting need to develop a robust plan. How we got here Congress must enact appropriations ... READ MORE >
“Future lunar economy” has companies running a new space race
During second-quarter earnings calls, space company executives discussed the market expansion that the new space race is driving. Governments and the private sector are investing in projects to secure rare metals and resources found on the moon, which can be used in new technology and further sustainable ... READ MORE >
Temporary staffing continues to decline
August marked the third straight month that temporary U.S. employment declined, falling by 6.1% year-over-year. This is the largest year-over-year decline in the past eight years, excluding April 2020 to December 2020, which was the height of the pandemic. Total employment increased 2% year-over-year ... READ MORE >
Government services companies focus on new ideas
During second-quarter earnings calls, government services company executives stressed that modern solutions are required to meet evolving technological threats. Generative AI continues to drive excitement and intrigue as companies jockey for competitive advantage in a crowded marketplace. Uncertainty ... READ MORE >
Space companies wary about the economy
During first-quarter earnings calls, space executives were concerned about economic factors affecting cash flow during a period of high investment in manufacturing. Executives also highlighted how the changes in consumer behavior are affecting the market. Companies plan to meet changing demands through ... READ MORE >
Staffing firms may be headed for a rough patch
Business services firms face great risks in the near term as the economy shows worrying signs. Consumer confidence in April reached its lowest level since July 2022. U.S growth slowed to 1.1% in the first quarter of the year. High interest rates continue to decrease capital spending throughout the ... READ MORE >
To harness AI, law firms need a solid data foundation
The term artificial intelligence was first coined in the 1950s. But until recently, the adoption of the technology was confined to fantastical Hollywood movie scripts, or it appeared in the musings of a select few software engineers and innovative CIO strategists. Today, artificial intelligence is a daily ... READ MORE >