Digital Lifescapes

Are you still unable to fully launch that Digital Transformation project that your CEO approved months ago? The savvy CIOs and CTOs know that business model innovation progress is achieved by better people, process, and technology advancements -- specifically in that order. Are you ready now? If your current 'team' of employees are unprepared, well you're not alone. Furthermore, many organizations are struggling to hire 'quality talent' as only 16 percent of new hires possess the needed skills for both their current role and the future, according to the latest worldwide market study by Gartner. Moreover, what's the likelihood that this 'cream of the crop' wants to work at your company? Ongoing Quest for Aptly Skilled Talent To hire quality talent, recruiting leaders must shift their strategies from replacing the workforce to instead 'shaping the workforce' by defining needs based on skills, sourcing talent more broadly and creating responsive emp...

How businesses pay each other is an essential process for all organizations. They have suppliers, and therefore all need access to effective payment systems. That said, the lack of meaningful digital transformation within the business-to-business (B2B) payments sector has challenged the established systems. In this context, the digital disruption of the traditional B2B payments ecosystem is now more important, to enable companies to perform financial transactions as efficiently as possible. Fortunately, there's a multitude of forces developing in this market, with more new vendors attempting to drive innovation. B2B Payments Market Development According to the latest worldwide market study by Juniper Research, the volume of B2B payments facilitated by non-banks will exceed 53 billion in 2022 -- that's up from a COVID-related low of 38 billion in 2020; representing 42 percent growth. These new vendors will account for 12.6 percent of B2B payments by volume in 2022. Despite the s...

A distributed workforce, and ongoing work-from-home mandates, have evolved the charter of corporate information technology (IT) organizations. CIOs are now tasked to support flexible working arrangements that require them to reconsider prior assumptions about securing the combined infrastructure that enables an employee to perform work remotely. Enterprise spending on IT security products and services has experienced new growth in 2020, as many organizations invest in solutions to meet the needs of a much larger remote workforce, and a wide range of online security threats that create additional requirements. According to the latest global market study by International Data Corporation (IDC), worldwide spending on security-related hardware, software, and services will be $125.2 billion in 2020 -- that's an increase of 6 percent over 2019. IT Security Market Development As the global economy recovers from the impact of COVID-19, IDC expects worldwide security spending to reach $174...

As more devices are connected to the public internet, mass quantities of data are being produced. Capitalizing on those data assets, expansion in the advanced analytics market has been enabled by new technology, products, and related services.  The inherent value of data is increasing, and that value is stimulating the Internet of Things (IoT) advanced analytics market, with the emergence of accessible out-of-the-box and off-the-shelf machine learning (ML) and artificial intelligence (AI) solutions. Vendors are now easing access to ML and AI toolsets by expanding availability through deployment options that include edge computing, on-premises infrastructure, private cloud, Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS).   IoT ML and AI Market Development According to the latest worldwide market study by ABI Research, the IoT ML and AI market will reach $1.09 billion in 2020 and grow to reach $10.6 billion by 2026. Edge ML/AI is more prevalent in manufacturing...

Enterprise IT security leaders need to protect endpoint devices from cyber attacks. Moreover, they want to offer effective and secure remote access for employees who are now working from home. Besides, this demand will continue to grow as more organizations embrace flexible working models.  According to the latest worldwide market study by Gartner, two trends will have a transformational impact on global businesses within the next 10 years. Bring Your Own PC (BYOPC) security will reach mainstream adoption in the next two to five years, while it will take five to 10 years for mainstream adoption of Secure Access Service Edge (SASE). "Prior to the COVID-19 pandemic, there was little interest in BYOPC," said Rob Smith, senior research director at Gartner . "At the start of the pandemic, organizations simply had no other alternative." Endpoint Security App Market Development The urgent need to enable employees to work from home and a lack of available hardware b...

It's estimated there are over 1.1 billion personal vehicles currently in use globally. Juniper Research predicts steady growth for all eight key regions, with vehicles on the roads reaching 1.2 billion around the world in 2025. North America, West Europe, and the Far East & China have the highest number of vehicles in use per 1,000 persons of the population. In recent years there have been changes in the market, with higher adoption of hybrid and fully electric cars which require more complex operational monitoring technology. Plus, with more people embracing remote and flexible working models, the car can become a mobile office with all the associated business requirements, including reliable broadband connectivity. Connected vehicles can utilize several types of technology. Among those, existing mobile communications network infrastructure already plays a key role, in some cases, in tandem with short-range technology, such as Road-Side Units (RSUs). Connected Vehicles M...

During the remainder of this year, executive leadership teams will be focused on IT infrastructure that enables the "Future of Work", hybrid work models, and flexible working methodologies that make it possible for knowledge workers to access essential corporate applications from anywhere. Meanwhile, fueled by an ongoing digital transformation investment, worldwide revenue in the enterprise software applications market grew 7.5 percent year-over-year in 2019 to reach $224.6 billion, according to the latest global market study by International Data Corporation (IDC). As more businesses undergo digital transformation to meet the challenges of the current economic disruption, modern software with its properties of automation, connectivity, and visibility has become critical to achieving a competitive edge. Enterprise Software Applications Market Development Enterprise applications are the engine of the business, providing the data, intelligence, and computational tools n...

More computing power is moving to the edge of mobile networks and it's going to be amazing. 5G Edge Computing will provide a foundation for the development of enterprise use cases and industry vertical applications. To capture the value at stake, Communications Service Providers (CSPs) will use new data. CSPs are seeking sustainable growth as a source of competitive advantage in the Global Networked Economy. That demands an IT and network infrastructure that's conducive to data collection, storage, processing, and analysis. A key element of this data infrastructure is a data management facility available on a 24/7 basis. That's an essential first step to fully capture the value of data, according to the latest worldwide market study by ABI Research. 5G Edge Computing Market Development The quest to pursue new revenue streams and the need to streamline telco operations are the driving forces behind a 5G data infrastructure layer. Many CSPs are already on a journey to...