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Showing posts from September, 2017

Cognitive and AI Systems Revenue will Reach $57.6B

What if the employees in your organization had access to intelligent automation that augmented their own skills and abilities? What if the routine processes and repetitive tasks could be executed by a trained computing system? Given that scenario, how might your organization improve employee productivity and enhance their job satisfaction? That's the promise of cognitive and artificial intelligence (AI) technology. It's becoming a new reality, as numerous organizations across the globe start to embrace these trained computing systems. Cognitive and AI Market Development Worldwide spending on cognitive and AI systems is forecast to reach $57.6 billion in 2021, according to the latest global market study by International Data Corporation (IDC). With many industries investing in cognitive and AI solutions, spending is expected to achieve a compound annual growth rate (CAGR) of 50.1 percent over the 2016-2021 forecast period. Worldwide spending on cognitive and AI systems

Commercial Blockchain Deployments are Gaining Traction

Many organizations are now actively considering blockchain deployments, and a significant proportion are already anticipating integration of blockchain into their IT systems within the next 18 months, according the latest worldwide market study by Juniper Research. The Juniper survey found that among the largest companies (those with 20,000 of more employees) that were considering deploying or were in the process of deploying blockchain, 54 percent had reached the PoC (Proof of Concept) stage, with a further 16 percent involved in trial deployments. Among all companies that have reached the PoC stage, 66 percent expected blockchain to be integrated into their systems by the end of 2018. Integration was expected to take longer as companies got larger among the smaller companies surveyed (i.e. those with less than 1,000 employees), 81 percent expecting integration to be completed by the end of 2018 -- compared with 57 percent of companies with over 20,000 employees. IBM Leads Bl

Finance Executives Embrace Multi-Cloud Service Models

CIOs and CTOs are developing comprehensive Hybrid IT infrastructure models, in response to growing demand from CFOs and line of business leaders that request access to applications hosted via both on-premises private cloud and off-premises public cloud offerings. That's why savvy technology leaders must therefore align with the most qualified vendors and service providers that enable them to manage and support these complex multi-cloud scenarios. Furthermore, the chosen provider must demonstrate vertical industry knowledge and prior experience. A major shift is taking place in how enterprises select their financial management applications, with a migration to cloud applications happening faster than expected, according to the latest worldwide market study by Gartner. Multi-Cloud Service Market Development A recent Gartner survey of senior finance executives found that by 2020, 36 percent of enterprises will use the cloud to support more than half of their transactional syst

Cryptocurrency Daily Trading Now Exceeds $2 Billion

Much of the initial interest in cryptocurrencies centered around their potential as alternatives to fiat currencies. Increasingly, however, attention has shifted to the potential of the technology that underpins them: blockchain. A clear indication of blockchain’s increasing maturity is the extent to which an industry that was once the preserve of fintech start-ups is now being driven by leading IT platform providers -- many of whom are developing their own offerings. Blockchain Market Development A number have been involved in joint ventures and consortia while at the same time developing their own solutions. For example, IBM unveiled Blockchain as a Service (BaaS) for developers in February 2016 based on Hyperledger Fabric -- one of the Hyperledger blockchain framework implementations hosted by The Linux Foundation. A new worldwide market study by Juniper Research has found that the value of cryptocurrency transactions is expected to surpass $1 trillion in 2017 -- that's

Personal Computing Device Market Continues Decline

According to the latest worldwide market study by International Data Corporation (IDC), global shipments of personal computing devices (PCDs), comprised of traditional PCs (desktops, notebooks, and workstations) and media tablets (slates and detachables), will continue a decline through 2021. The study results show PCD shipments declining from 435.1 million units in 2016 to 398.3 million in 2021, which represents a five-year compound annual growth rate (CAGR) of -1.7 percent. Personal Computing Market Development While growth for the overall PCD market is not expected at any point within the forecast period, there are a few interesting trends that continue to develop. Apart from 2018, notebook PCs show small but steady year-over-year growth throughout the forecast period. Detachable tablets and convertible notebooks, which represent more versatile designs, will be the fastest growing segments in PCD with a 5-year CAGR of over 14 percent. Ultraslim notebooks are also expected to

Exploring Top Smart City Projects in the United States

Smart City projects have gained momentum over the last decade, as more municipalities across North American have launched a wide variety of digital transformation initiatives. That said, some cities have achieved significant outcomes that enable them to improve services for citizens. Los Angeles, New York, Chicago are the smartest cities in the United States, according to the latest market study by ABI Research. Cities were evaluated across various metrics such as deployment of LED streetlights, smart meters, renewable energy, electric mobility, smart parking, mobility-as-a-service (MaaS), vehicle-to-everything (V2X) technologies, smart waste, and first responder communications. American Smart City Project Assessment "New York is the leading city with the highest deployment of LED streetlights in the U.S., followed closely by Los Angeles," said Raquel Artes, analyst at ABI Research . Chicago will have the highest upgrade of current legacy streetlights as the local gov

How Digital Evolution is Defined by Trusted Relationships

Billions of people around the world use the internet to share ideas and trade with one another. With worldwide internet penetration at nearly 50 percent, the global digital economy has become a space of immense opportunity. It’s clear that business transactions are becoming heavily reliant on us being connected onlne. Digital flows are now responsible for more GDP growth globally than trade in traditional offline goods and services. Digital transformation is now driving globalization. As such, achieving a competitive advantage in the global digital arena has become a key priority for governments and businesses who strive for inclusion and relevance. It is also clear that trust has a critical role to play when countries look to improve their eCommerce adoption. It's in this context that The Fletcher School at Tufts University, in partnership with Mastercard , present findings from the 2017 edition of the  'Digital Evolution Index' (DEI 17). Exploring National Digital