Digital Lifescapes

How companies pay each other is important. All enterprises need access to effective B2B (Business to Business) payment systems in order to compete effectively. So, what's changed, given the current economic environment? The payments market has been the target of disruption. That said, despite the introduction of new innovations, traditional payment methods are still dominant in the B2B marketplace. It's a highly challenging financial system for many businesses, with a lack of transparency causing difficulties for decision-makers. Traditional commercial bank transfers are not fast enough to make B2B payments management a streamlined process. In the cross-border arena, these challenges are magnified due to high costs. Furthermore, the slow digital transformation of B2B payments means that established systems are unable to cope with the current global pandemic. Therefore, the B2B payments ecosystem must evolve. B2B Payments Market Development According to the latest wo...

The public cloud market has shown renewed enterprise IT investment. Meanwhile, converged systems' growth continues. Worldwide converged systems market revenue increased 4.5 percent year-over-year to $3.9 billion during the first quarter of 2020 (1Q20), according to the latest market study by International Data Corporation (IDC). "The overall converged systems market showed resilience during a difficult macro environment in the first quarter of 2020," said Sebastian Lagana, research manager at IDC . While the hyper-converged system market expanded, the 'Certified Reference Systems & Integrated Infrastructure' segment posted its best quarter of growth since the second quarter of 2019 (2Q19) on the strength of sales for demanding workloads in industries such as healthcare and telecommunications. Converged Systems Market Development Regarding market segmentation, the IDC converged systems view includes three vendor segments: certified reference systems ...

The global pandemic has created many ongoing challenges for IT vendors and public cloud computing service providers. That said, there are also numerous opportunities for compelling new technology use cases and associated digital transformation solutions. Cloud computing and secure storage platforms should be as close to the source of customer data as possible. That's why 'edge computing' is gaining market momentum with fifth-generation (5G) wireless communications, which form a symbiotic association for infrastructure evolution. Edge computing will drive new revenue growth in the telecom sector. Revenue from cloud-edge artificial intelligence (AI) chipset sales will grow from $2.6 billion in 2020 to $12 billion in 2025, at a compound annual growth rate (CAGR) of 36 percent, according to the latest worldwide market study by ABI Research. Edge Computing and 5G Market Development The synthesis of cloud-edge and 5G presents an opportunity for communications service prov...

Server virtualization was one of the key steps toward further IT infrastructure abstraction. Every enterprise CIO and CTO knows that managing a server farm is problematic. That's why the quest for container and serverless platforms is driving more organizations to reassess their data center. Cloud container management revenue will grow from a small base of $465.8 million in 2020, to reach $944 million in 2024, according to the latest worldwide market study by Gartner. Among the various sub-segments, public cloud container orchestration and serverless container offerings will experience the most significant growth. Here are the study findings. Container Management Market Development Container management provides software and related services that support the ongoing operation of containers, at scale, in production environments. But production applications are uncommon. "There has been considerable hype and a high level of interest in container technology, but a lower ...

Intelligent fleet tracking of commercial vehicles requires online connectivity tools and management software, which enables fleet managers to track driver behavior, as well as vehicle location and route. Asset tracking solutions enable enterprises to track cargo from dispatch to final destination -- with increased transparency and more accurate delivery dates. Commercial logistics is the activity of transporting those goods to customers and involves the tracking of related assets. The Fleet Tracking and Logistics market is now driven by the introduction of new technologies. Edge computing brings computation and some data storage closer to the location where it is needed, therefore improving response times and reducing communication network latency. Fleet Tracking and Logistics Market Development Edge computing is the fusion of cloud-based storage and local computing, where the cloud stores centralized data assets, while locally-connected devices can perform the real-time comput...

Across the globe, more CEOs and their leadership team now say that business process automation has become a key driver of their organization's digital growth. Moreover, a survey of more than 2,000 Information Technology (IT) and Line of Business (LoB) decision-makers confirms that the adoption of artificial intelligence (AI) is growing rapidly. Over a quarter of all AI initiatives are already in production and more than one third are in advanced development stages. Besides, organizations are reporting an increase in their AI technology investment this year, according to the latest worldwide market study by International Data Corporation (IDC). Artificial Intelligence Market Development Delivering a better customer experience was identified as the leading driver for AI adoption by more than half the large companies surveyed. At the same time, a similar number of survey respondents indicated that the greatest impact of AI is helping employees to improve productivity. The stud...

A creative Open Innovation strategy promotes a mindset for collaboration that is counter to the 'closed silo' approach of most legacy organizations. That said, the benefits of increased openness are apparent. Open technology ecosystems have driven ongoing cooperation in the Global Networked Economy. Open source software (OSS), and to a lesser degree open source hardware, serves as the foundation of IT infrastructure worldwide. It enables many eCommerce platforms and innovative over the top (OTT) service providers to bring new offerings to market quickly. OSS is gradually driving the innovation agenda for communications service providers (CSPs), and by extension, it is now challenging the dominance of proprietary solutions in the telecommunications sector. Telco Open Innovation Market Development OSS holds the potential to play a key role in telco cloud deployments, a market that will potentially grow to $29 billion by 2025, according to the latest worldwide market study...

Data and analytics technology will help to accelerate renewal, drive innovation and rebuild society over the next three to five years. Savvy digital business leaders will leverage their ongoing IT investment that enables recovery and reinvention. Gartner has identified the key data and analytics trends that can help forward-looking CIOs and CTOs navigate their essential digital transformation and prepare for a post-pandemic marketplace. "To innovate their way beyond a post-COVID-19 world, data and analytics leaders require an ever-increasing velocity and scale of analysis in terms of processing and access to succeed in the face of unprecedented market shifts," said Rita Sallam, vice president at Gartner . Business leaders should examine the following trends to accelerate adoption: Smarter, Faster, More Responsible AI By the end of 2024, 75 percent of organizations will shift from piloting to operationalizing artificial intelligence (AI), driving a five times increas...

The concept of a Digital Twin is important within the industrial sector, as stakeholders throughout the supply chain ecosystem seek to harness technology to increase efficiency. Digital Twins are also essential elements of the evolving Internet of Things (IoT) platforms market. Examples of these virtual connected objects include connected cars, airplane turbines, smart cities, and commercial buildings. The objects are usually first created and modeled via computer-aided-design (CAD) software, which is used by engineers in the early stages of product development. Digital Twin Market Development IT innovations, such as Big Data analysis, machine learning, artificial intelligence (AI), software analytics and cloud solutions -- as well as the growing demand for sensors to capture and process data -- have been significant drivers for the adoption of Digital Twin use cases. According to the latest worldwide market study by Juniper Research, the forecast total global spending on Digit...