Digital Lifescapes

As CIOs and CTOs shift their focus to digital transformation projects and the launch of new digital business offerings, demand for traditional IT services has evolved. Worldwide revenues for IT Services and Business Services totaled $506 billion in the first half of 2018 (1H18) -- that's an increase of 4 percent year over year, according to the latest market study by International Data Corporation (IDC). During 1H18, it was a mixed picture for tier-one global outsourcers and systems integrators headquartered in developed countries. Most remained flat or declined slightly. But this was partially offset by stronger performances by two large global vendors, who returned to double-digit growth. IT Services Market Development Indian IT services firms still outpace the U.S. and European counterparts, but their growth slowed from a year ago, continuing their 2H17 deceleration. While most large Indian vendors continued to grow at rates in the low single digits to high teens, it was o

Across a variety of industries, there is a growing integration of technology to automate manual transactions and make commercial processes more efficient. This digital business innovation has extended to many long-established areas of the economy such as logistics, insurance and regulation. However, thus far, the traditional commercial and residential real estate sectors have experienced minimal digital transformation. That's likely to change, according to the latest market study by Juniper Research which has found that revenues generated by property technology (Proptech) rental platforms will reach $6.5 billion by 2023 -- that's up from an estimated $290 million in 2018. Proptech Market Development Proptech refers to technology applications used to transform the legacy practices. Contrary to progress in other sectors, the property and real estate industries were held back by the incumbent's slow rate of change and adoption. But now that there is increasing investme

The industrial and collaborative robotics market is gaining momentum, as more vendors and industries embrace automation. Development in cloud robotics, deep learning based machine operation, and a wider ecosystem will enable robots to become more reliable, versatile and efficient. The industrial robotics sector is already experiencing robust growth. The revenues of commercial robots in manufacturing are forecasted to grow from $166 million in 2018 to $22 billion by 2027, according to the latest worldwide market study by ABI Research. Industrial Robotics Market Development The newest trend is complementary robotics technologies that put mobile robots on the factory floor. Made up of automated guided vehicles (AGVs) and autonomous mobile robots (AMRs), these robots will complement existing robotic arms in factories that are increasingly becoming more autonomous and smarter. There has been plenty of debate within the industry on the different benefits of AGVs and AMRs. While AGVs

Across the globe, savvy CIOs and CTOs are deploying a wide variety of new technologies to enable their digital strategies. A hybrid IT infrastructure is the norm, where on-premises systems coexist with public cloud service offerings. Together, these ICT platforms create the foundation for an evolving suite of software applications and associated digital business processes. Worldwide spending on the technologies and services that enable the digital transformation (DX) of business practices, products, and organizations is forecast to reach $1.97 trillion in 2022, according to the latest market study by International Data Corporation (IDC). Digital Transformation Market Development IDC now forecasts that DX spending is expected to steadily expand throughout the 2017-2022 period, achieving a five-year compound annual growth rate of 16.7 percent. "IDC predicts that, by 2020, 30 percent of G2000 companies will have allocated capital budget equal to at least 10 percent of revenue

Mobile network service providers have been eagerly planning for the launch of 5G service deployment. Juniper Research anticipates that the first commercial network launches will occur in 2019 -- the initial networks to provide 5G services will be located within the Far East & China and North America regions. Meanwhile, network operators in Europe have mostly adopted a wait-and-see approach, closely following the progress of operators in the two leading regions. Over the past two years, telecom service providers and network equipment vendors have been actively trialing 5G infrastructure components. 5G Services Market Development According to the latest market study by Juniper Research, global annual network operator billed revenues from 5G connections will approach $300 billion by 2025, rising from $894 million in 2019. This represents an average annual growth of 163 percent in its first six years of operation. Juniper believes that these substantial revenues will offer reli

CIOs and CTOs are searching to find the information and guidance they need to increase opportunities and minimize risk when employing robotics technologies. Many now desire to create new markets and product categories, open additional lines of business, enhance existing product lines, invest in or acquire start-up companies, or create robotics innovation labs. Across a range of applications, exoskeletons are increasingly being introduced to augment human capability -- for assistive purposes in the workplace, and for enabling or rehabilitative purposes in the healthcare market. Exoskeleton Market Development According to the latest worldwide market study by ABI Research, as of 2018, global shipments will reach 7 thousand units with a hardware revenue of $192 million. However, total shipments are expected to reach over 91 thousand by 2023 and 301 thousand by 2028. As a result, global revenue for the suits is now forecast to reach $5.8 billion in 2028. "The market gets hea

Senior executives that have already developed strategies for business technology adoption may believe that their organization is prepared for the next wave of disruption in the Global Networked Economy. However, a mindful assessment of the forward-looking digital environment will help to uncover the potential for emerging new challenges and opportunities. International Data Corporation (IDC) unveiled their "FutureScape: Worldwide Digital Transformation (DX) 2019 Predictions." Within their predictions, IDC has identified two DX organization segments that are based on specific market trends and leadership attributes. Digital Transformation Market Development According to IDC, leaders in transformation (the digitally determined) are those organizations that have aligned the necessary elements of people, process, and technology for success. In contrast, laggards (the digitally distressed) have not developed the enterprise strategy necessary to align the organization effe

The deployment of new communications technology could disrupt parts of the traditional broadband marketplace. According to the latest study by International Data Corporation (IDC), that's a key finding from their assessment of the worldwide 5G wireless network infrastructure market. It follows the release of IDC's initial forecasts for Telecom Virtual Network Functions (VNF) and Network Functions Virtualization Infrastructure (NFVI). 5G Wireless Market Development With the first instances of 5G services rolling out in the fourth quarter of 2018, 2019 is set to be a seminal year in the mobile telecommunications industry. Moreover, 5G smartphones will begin to reach the market and end-users will be able to experience 5G technology benefits firsthand. From an infrastructure standpoint, the mobile telecom industry continues to trial innovative solutions that leverage new spectrum, network virtualization, and machine learning (ML) and artificial intelligence (AI) to create n

Automobiles are getting smarter and more connected to the world around them. The term 'Connected Cars' refer to devices installed in the vehicle which allow Machine-to-Machine (M2M) communication or machine-to-human interaction. M2M is communication between two single machines with no human interaction. Regarding vehicle telematics, M2M technology enables data to be sent from the vehicle to another location and used for vehicle conditioning or to monitor driver behavior. Connected Cars Market Development According to the latest worldwide market study by Juniper Research, 775 million consumer vehicles will be connected via telematics or by in-vehicle apps by 2023, rising from 330 million vehicles in 2018. This is an average annual growth of 18.7 percent over the next 5 years. Juniper forecasts that automotive OEMs will enable in-vehicle infotainment systems to be accessible to third-party developers. In turn, this will accelerate the expansion of new technologies and ser

IDC unveiled its top information and communications technology (ICT) predictions for Asia-Pacific excluding Japan (APeJ) region. IDC now predicts that many more organizations will be 'digitally determined' by 2020, transforming commercial markets and reimagining their future growth potential. Digitally determined organizations demonstrate the ability to vision, plan, and operationalize their digital transformation (DX) through ambition, grit, discipline and commitment. Ultimately, all digital determined organizations aspire to become 'digital native enterprises'. Digital Business Market Development "To be one of the digitally determined, Asia-Pacific organizations requires more than tenacity; it requires a blueprint that consists of a single enterprise strategy, resoluteness to make required organizational and cultural changes, a long investment strategy based on the principle that digital is inherently valuable to the business; and should have a single digit

More C-level executives are positioning their enterprise for digital transformation, ahead of their competition. Moreover, the most effective CIOs are already reinventing IT capabilities by deploying new advanced service delivery platforms, while also modernizing their legacy systems. As traditional IT organizations evolve, IDC has outlined key trends for CIO leadership. According to the IDC assessment, these important predictions provide a strategic context that will enable CIOs to lead their organizations through a period of rapid innovation and disruption over the next five years. Ten Predictions for CIO Leadership By 2021, driven by LOB needs, 70 percent of CIOs will deliver agile connectivity via APIs and architectures that interconnect digital solutions from cloud computing vendors, system developers, startups, and others. Compelled to curtail IT spending, improve enterprise IT agility, and accelerate innovation, 70 percent of CIOs will aggressively apply data and Artific

Savvy CIOs and CTOs at communication service providers are busy developing comprehensive strategies for the application of cognitive systems that enable new types of automation. The market leaders are currently engaged in numerous pilot and production projects that are a catalyst for further innovation. The use of Artificial Intelligence (AI) and machine learning within the telecommunications domain is now an established practice and chatbots, customer services, and network management are areas where AI is part of everyday operations. Cognitive Systems Market Development According to the latest worldwide market study by ABI Research, the latest trend for AI development in telecom is all about cognitive platforms that focus on generic use rather than individual use cases. "Despite the widespread use of AI and machine learning across many separated telecoms domains, AI platforms are now the top concern for leading mobile service providers globally, including AT&T, Deutsc