Digital Lifescapes

Artificial Intelligence (AI) and Big Data are the foundation for smart technologies and business analytics. Moreover, AI combined with human ingenuity is now viewed as the differentiator for enterprises to scale and thrive in the era of Digital Transformation. Worldwide revenues for the AI market -- including software, hardware, and services -- are forecast to grow 19.6 percent year-over-year in 2022 to $432.8 billion, according to the latest market study by International Data Corporation (IDC). Furthermore, the market is expected to break the $500 billion mark in 2023. However, the upside opportunities are also being hampered by numerous practical solution deployment challenges.  Artificial Intelligence Market Development "AI has emerged as the next major wave of innovation. AI solutions are currently focused on business process problems and range from human augmentation to process improvement to planning and forecasting, empowering superior decisioning and outcomes. Advancements...

More organizations are exploring machine vision use cases. Machine vision combines hardware and software to provide operational guidance to devices in the execution of their functions based on the capture and processing of images. Machine vision is rapidly becoming an enabling technology for emerging automation requirements in automotive, healthcare, manufacturing, retail, smart buildings, smart cities, transportation, and logistics applications. The total revenue of machine vision technology in the seven major global markets is expected to reach $36 billion by 2027 -- that's up from $21.4 billion in 2022. This growth translates to a CAGR of 11 percent, according to the latest market study by ABI Research. Machine Vision Market Development Traditionally, machine vision was primarily focused on surveillance and security, asset monitoring, and defect inspection. These mature applications continue to drive the main bulk of total camera shipments within the enterprise market. However, ...

In hindsight, a CEO's incessant quest for a "return-to-normal" business environment now seems odd. Today's global economy is unforgiving to the leaders who are unwilling to take remedial action in response to significant market disruptions. Clearly, applying a legacy status-quo mindset is unwise. Furthermore, long before the COVID-19 pandemic erupted, some enterprise employers already had concerns about their declining employee engagement. And, a few policymakers warned that moving essential manufacturing to the lowest-cost foreign provider was very risky. Regardless, it appears that "common sense" risk appraisals were relatively uncommon. Global Pandemic Ongoing Impact Assessment Executives are now very concerned about their ability to deliver substantive value propositions that satisfy employees, and a subsequent inability to retain and recruit talent, according to Gartner's latest 'Emerging Risks Monitor' report. Talent risks topped pandemic-r...

Online commerce transactions are the essential fuel that drives the Global Networked Economy.  Digital business growth experienced an economic uplift as a consequence of the economic challenges that accompanied the global health crisis brought on by the COVID-19 pandemic. At the same time, the digital transformation of consumer transactions contributed to even greater upward momentum. Even as more legacy retailers shifted to eCommerce, the last 24 months have been the most difficult time for mid-market retailers as they recover from the pandemic disruption. Global eCommerce Market Development   According to the latest market study by Juniper Research , the value of global eCommerce payment transactions will exceed $7.5 trillion by 2026 -- that's up from $4.9 trillion in 2021. This growth rate of 55 percent over the next five years will be driven by retailers offering compelling omnichannel retail experiences that increase user eCommerce spending. Omnichannel retail is a model ...

Many organizations will need to accelerate the modernization of IT infrastructure and operations to build a sustainable competitive advantage in the next 2 to 3 years, according to the latest market study by International Data Corporation (IDC). The ability to align to the digital business transformation paradigm is contingent upon investing in next-generation cloud-native IT infrastructure technologies, platforms, and solutions -- also it depends on how CIOs will help transform commercial operations. The rapid proliferation of data-driven edge workloads, the growing number of ransomware and malware attacks, and the growth of structured or unstructured data are creating significant challenges -- IDC says by 2023, most C-Suites will implement business-critical key performance indicators (KPIs). Digital Infrastructure Market Development "The CIO and IT decision-makers will need to do some serious thinking beyond modernizing the technology building blocks and platforms if they truly ...

Companies across the Internet of Things (IoT) ecosystem are seeking to overcome the inevitable commoditization of their niche area of specialization. Ascending the IoT value chain inevitably involves becoming a connectivity supplier. Connectivity Management Platforms (CMPs) are part of the vendor offerings. They allow connectivity to be intelligently packaged for sale to IoT customers. Although CMPs are table stakes abilities for any company wishing to become an IoT service provider, development has not abated, and the market is becoming more competitive. ABI Research has identified sixty-two companies offering CMPs, operated either proprietarily or commercially available to license. These companies span from connectivity resellers and aggregators to enterprise software developers, IoT service providers, and carrier-grade infrastructure manufacturers. IoT Connectivity Management Market Development "The largest CMP vendors such as Cisco and Ericsson, and their products have always ...

Supply chain issues are top-of-mind within many C-suites and for good reason. We now know that a 'status quo' mindset was fraught with inherent supply chain risks which were exposed by recent events that disrupted the Global Networked Economy. Sixty-one percent of supply chain leaders believe that the acceleration of remote work due to the global COVID-19 pandemic will create a permanent hybrid work model, even at the frontline, according to the latest market study by Gartner. The annual Gartner 'Future of Supply Chain' survey of 983 supply chain leaders identified the changes to the prior status quo that will likely shape global supply chains in the months and years to come. Supply Chain Transformation Market Development "In an environment of talent and labor shortage, supply chain leaders anticipate employee expectations to become more demanding and feel that they must prepare to meet those expectations – or lose to competitors that do," said Suzie Petrusic,...

Digital identity is constantly evolving and increasingly combined with allied areas, such as online security, privacy, and the management of identity-related data. Digital identity is essentially an online persona of a subject, or a unique representation of a subject, engaged in an online transaction. However, digital identity presents a more complex picture when current multi-use ecosystems that are heavily dependent on the sharing of identity credentials are considered. Such an identity is made up of identifiers and patterns that are unique to the subject of identity, which is broadly described as attributes. These attributes (inherent or ascribed) are core biographic data (e.g. name and address) and certain biometric features (e.g. fingerprints, iris scan) electronically captured in the context of personal digital identity. Digital Identity Market Development According to the latest worldwide market study by Juniper Research, revenue for digital identity vendors will exceed $53 bill...