Forrester Research, Inc. - FORR STOCK NEWS

Forrester (Nasdaq: FORR) has appointed Bob Bennett, a seasoned entrepreneur and technology veteran, to its board of directors. Bennett, who co-founded InvoiceCloud and led EngageSmart to a successful IPO in 2021, brings extensive experience in driving profitable growth for tech companies. His appointment, along with that of Cory Munchbach, expands Forrester's board to nine members.

Bennett's expertise in crafting go-to-market strategies and building repeatable processes for sustainable growth is expected to be valuable for Forrester's focus on increasing contract value growth, particularly for its Forrester Decisions platform. The company aims to leverage Bennett's operational experience and sales management skills to maximize value for customers and shareholders.

Forrester (Nasdaq: FORR) has announced the full agenda for its Technology & Innovation Summit North America 2024, scheduled for September 9-12 in Austin, Texas, and digitally. The event combines Forrester's Data Strategy & Insights and Technology & Innovation Summit, focusing on the theme 'Unleash The Power Of Tech, Talent, And AI'.

The summit will feature nine keynotes and over 40 track sessions, addressing challenges faced by tech and data leaders in leveraging AI for business outcomes. Key topics include high-performance IT strategies, AI integration, cloud cost management, and synthetic data applications. The event will also honor recipients of Forrester's Technology Awards and offer special sessions like the AI Innovation Lab and Women's Leadership Forum.

Forrester Research, Inc. (Nasdaq: FORR) has announced its upcoming second-quarter earnings conference call, scheduled for July 30, 2024, at 4:30 p.m. ET. The call will be broadcast live on the company's website, Forrester.com. Investors are advised to log on at least 15 minutes before the broadcast to ensure they have the necessary audio applications installed. Pre-registration for the call is available, and instructions will be provided for downloading and installing the required audio programs at no charge. For those unable to attend the live broadcast, a replay will be made available on Forrester's website.

Forrester's recent report, 'The Top 10 Emerging Technologies in 2024,' highlights the most promising technologies that will yield quick returns for businesses. Key technologies include generative AI for visual content and language, TuringBots, and IoT security, all set to deliver significant benefits within the next two years. Mid-term prospects such as AI agents and quantum security are expected to bring value within five years. Long-term technologies like extended reality and Zero Trust edge will need more than five years to mature. The report emphasizes the importance of balancing investments across various horizons to manage risks and maximize returns.

Cyble, a leader in AI-driven cybersecurity solutions, has been recognized by Forrester in its Q2 2024 Attack Surface Management (ASM) Solutions Landscape report. The report explores the value of ASM solutions for organizations, aids in vendor selection based on specific attack surfaces, and highlights ASM's role in proactive security programs. Cyble's recognition underscores its commitment to providing tools for early threat detection and mitigation. Key features of Cyble's latest platform, Cyble Vision X, include attack surface management, brand intelligence, cyber threat intelligence, dark web and cybercrime monitoring, and third-party risk management. Cyble Vision X, powered by ODIN, offers comprehensive internet scanning, enhancing organizations' security postures.

Forrester's 2024 Canada Customer Experience Index reveals a significant decline in CX quality among Canadian brands, reaching its lowest point. Nearly 60% of brands and eight industry averages showed decreases over the past year. Factors such as neglecting employees' well-being and ineffective digital CX interfaces are key contributors. Only PetSmart retained its elite status from 2023, while new entrants like Acura and Mercedes-Benz joined the top 5%. The luxury auto industry improved, but utilities saw the biggest drop in CX quality. Forrester's survey, including over 43,300 Canadian customers across 110 brands, emphasizes that improving CX quality can significantly boost revenue.

Forrester's 2024 US Customer Experience Index reveals that CX quality in the US is at an all-time low for the third consecutive year. Only 3% of companies are truly customer-obsessed, which translates to 41% faster revenue growth, 49% faster profit growth, and 51% better customer retention. Key issues include poor digital experiences, ineffective customer and employee engagements, and economic and social concerns. All three dimensions of CX quality have declined, with effectiveness at 64% and ease at 66%. Despite these challenges, the airline industry showed improvement. The 'elite' brands, including Tesla and Chewy.com, struggled to maintain high CX standards. The study, based on feedback from over 98,000 US customers across 223 brands, underscores the importance of emotional connection in delivering high CX performance.

Forrester (Nasdaq: FORR) announced the appointment of Cory Munchbach, CEO of BlueConic, to its board, effective June 1, 2024. Cory brings extensive expertise in customer data platforms and has worked with Fortune 500 companies in the privacy-first era. She previously served as an analyst at Forrester, specializing in business and consumer technology trends. Her thought leadership is widely recognized, having been featured in leading publications such as Ad Age, Forbes, and Wired. Her addition to the Forrester board is expected to enhance the company's go-to-market strategy and bolster its Forrester Decisions portfolio. Forrester's CEO, George F. Colony, highlighted her operational experience and scientific marketing approach as pivotal assets for the company's growth.

Forrester (Nasdaq: FORR) forecasts global online retail sales to grow from $4.4 trillion in 2023 to $6.8 trillion by 2028, with an 8.9% CAGR. Despite this growth, 76% ($21.9 trillion) of global retail sales will remain offline. Advanced economies like the US, UK, and South Korea lead in e-commerce due to higher digital literacy and internet penetration. Emerging markets in Asia Pacific, Eastern Europe, and Latin America are rapidly catching up due to increasing smartphone adoption and mobile commerce.

In the US, online retail sales are projected to reach $1.6 trillion by 2028. Western Europe is expected to see online sales grow from $508 billion to $773 billion by 2028. Asia-Pacific will witness growth from $2.2 trillion to $3.2 trillion, with China leading the region. Southeast Asia's top six markets will see sales rise from $93 billion to $193 billion, driven by high CAGRs in the Philippines and Vietnam.