Digital Lifescapes

The commercial aviation industry has been at the forefront of innovation, constantly pushing the creative boundaries of what's possible in aircraft design and manufacturing. However, with this pursuit of advancement comes an unwavering responsibility for safety. Recent events have cast a spotlight on the importance of rigorous adherence to aircraft assembly, testing, and maintenance procedures -- serving as a stark reminder of the critical role technology plays in ensuring the safety of passengers and crew alike. Aerospace Digitalization Market Development The dramatic images of a hole appearing in a Boeing aircraft operated by Alaskan Airlines sent shockwaves through the aviation industry, highlighting the potentially catastrophic consequences of even the slightest deviation from established quality-control protocols. In the wake of this incident, aerospace manufacturers have been galvanized into action, recognizing the urgent need to embrace appropriate technologies that can enha...

The ongoing commitment to spend more on advertising is primarily driven by legacy marketers. The majority of CMOs in these organizations have difficulty embracing progressive methods of market development, such as digital content marketing. They continue to explore new media but stay within their comfort zone. As traditional advertisers witnessed the growth in smartphone use, they've shifted their digital ad spend -- such as display and search advertising -- to focus more on mobile devices. Most types of online advertising growth are now due to mobile internet use, which will overtake online desktop use. Digital Advertising Market Development According to the latest worldwide market study by Juniper Research, the total spend on digital advertising is forecast to reach $520 billion by 2023 -- that's rising from $294 billion in 2019. That's a CAGR of 15 percent over the next 5 years; driven by the adoption of AI-based programmatic advertising to deliver highly targete...

The term 'Fintech’ has been applied to describe the transformation taking place in the financial services sector across the globe. Traditional forms of payment such as cheques have been displaced by debit and credit cards. In turn, contactless payment and digital wallets will likely replace the cards. Moreover, new and evolving banking business models have resulted in both the legacy financial services industry and fintech start-ups investing in digital technologies. Initially, the focus was an organization's website or automating aspects of their customer service call center. Now the focus has shifted to service delivery via smartphone software apps. The savvy financial services start-up entrepreneurs embrace innovative methodologies to differentiate themselves from the incumbents, but the CIOs and CTOs at traditional banks are now starting to catch-up. Fintech Market Development According to the latest worldwide market study by Juniper Research, driven by the increasi...

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 ...

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...

Why do most internet of things (IoT) analytics operations occur in the cloud? The public cloud offers a centralized location for large amounts of affordable storage and computing power. But there are many instances in which it makes more sense to perform analytics closer to the thing or activity that is generating or collecting data ­– equipment deployed at customer sites. This is particularly true in industrial and manufacturing environments, which are familiar with the challenges of managing massive amounts of unstructured data, but may lag when it comes to the virtualization of IT infrastructure. Industrial Cloud Market Development Advances in intelligent process manufacturing, factory automation, artificial intelligence and machine learning models all benefit from edge analytics implementations, yet will likely become islands of automation without a cohesive industrial cloud computing platform. The industrial cloud covers everything from the factory floor to the industrial ...

Enterprise data lakes are an essential component of many digital transformation projects. Numerous insights about customers, partners and other stakeholders are extracted from these significant commercial assets. Given the benefits, IT infrastructure and associated software investment will increase to support new use cases. According to the latest worldwide market study by International Data Corporation (IDC), revenues for big data and business analytics (BDA) solutions will reach $260 billion in 2022 with a compound annual growth rate (CAGR) of 11.9 percent over the 2017-2022 forecast period. BDA revenues are expected to total $166 billion in 2018 -- that's an increase of 11.7 percent over 2017. Big Data and Analytics Market Development The industries making the largest investments in big data and business analytics solutions throughout the forecast are banking, discrete manufacturing, process manufacturing, professional services, and federal or central government. Combine...

More CIOs and CTOs are exploring the commercial value of intelligent systems that can enhance their organization's performance. Global business value from artificial intelligence (AI) is forecast to total $1.2 trillion in 2018 -- that's an increase of 70 percent from 2017, according to the latest market study by Gartner. Moreover, AI-derived business value is forecast to reach $3.9 trillion in 2022. According to the Gartner assessment, there are three different sources of AI business value: Customer experience: The positive or negative effects on indirect cost. Customer experience is a necessary precondition for widespread adoption of AI technology to both unlock its full potential and enable value. New revenue: Increasing sales of existing products and services, and/or creating new product or service opportunity beyond the existing situation. Cost reduction: Reduced costs incurred in producing and delivering those new or existing products and services. AI Technology ...

Worldwide information and communications technology (ICT) spending -- including new technologies -- is expected to exceed $5.6 trillion in 2021 with growth accelerating through the end of the forecast period, according to the latest worldwide market study by International Data Corporation (IDC). By 2021, new technologies, including Internet of Things (IoT) solutions, robots and drones, augmented reality and virtual reality (AR/VR) headsets, and 3D printers, will account for almost a quarter (23 percent) of total ICT spending. ICT Market Development Overall, new technology investments -- including the four pillars of cloud, mobile, big data analytics, and social -- will make up more than 70 percent of worldwide ICT spending. IDC reports that the fastest-growing technology markets last year were AR/VR, cognitive and artificial intelligence (AI), 3D printing, and robotics. Meanwhile, IoT has already grown to account for 15 percent of ICT spending, including new operational technol...

There's been a significant increase in enterprise investment on technologies that analyze, organize, access, and provide advisory services that are based on use cases for unstructured data. In fact, worldwide spending on cognitive and artificial intelligence (AI) systems will reach $19.1 billion in 2018 -- that's an increase of 54.2 percent over the amount spent in 2017. With industries investing aggressively in projects that utilize cognitive and AI software capabilities, International Data Corporation (IDC) now forecasts cognitive and AI spending will grow to $52.2 billion in 2021 and achieve a compound annual growth rate (CAGR) of 46.2 percent over the 2016-2021 forecast period. Cognitive Systems and AI Market Development "Interest and awareness of AI is at a fever pitch. Every industry and every organization should be evaluating AI to see how it will affect their business processes and go-to-market efficiencies," said David Schubmehl, research director at ID...

Worldwide spending on mobility solutions is forecast to grow 3.2 percent year over year in 2018, reaching more than $1.6 trillion, according to the latest worldwide market study by International Data Corporation (IDC). This growth is expected to continue through 2021 with investment on mobility-related hardware, software, and services surpassing $1.7 trillion as the market achieves a five-year compound annual growth rate (CAGR) of 2.8 percent. "The new mobility use cases and technology adoption in enterprises is driving growth in all three facets of the market, from devices to software and services," said Phil Hochmuth, program director at IDC . Mobility Solutions Market Development Mobility services will be the largest technology category throughout the 2016-2021 forecast period, accounting for nearly 60 percent of overall mobility spending and surpassing $1 trillion in 2021. The category is dominated by mobile connectivity services, which will deliver more than 90 p...

While we continue to see reports about the growing fear of job loss due to robotics in the workplace, more industry analyst reports shed light on the apparent upside opportunities for vendors. ABI Research identified 'collaborative robotics' as one of the fastest growing market segments. Small-to-Medium Businesses (SMBs) are driving the increased demand for these collaborative robots, as 'cobots' provide solutions that allow for a more flexible kind of manufacturing that makes no assumptions as to volume levels or types of products being manufactured. Robotics Technology Market Development From 2016 to 2025, the global revenue of collaborative robotics shipments is set to reach a compound average growth rate of 49.8 percent -- that's compared to 12.1 percent for Industrial robots and 23.2 percent for commercial robotics. The term ‘collaborative’ refers to human scale robotic systems that can share a workspace with humans, interact with humans while also mov...

Artificial intelligence (AI) projects are slowly gaining momentum, according to the latest worldwide market study by Gartner. That said, just four percent of CIO respondents have already implemented AI technologies, while 46 percent have started to work on deployment plans. "Despite huge levels of interest in AI technologies, current implementations remain at quite low levels," said Whit Andrews, vice president at Gartner . "However, there is potential for strong growth as CIOs begin piloting AI programs through a combination of buy, build and outsource efforts." Artificial Intelligence Market Development As with most emerging technologies, the early adopters are facing many obstacles to the progress of AI within their organizations. Gartner analysts have identified the following four lessons-learned that have emerged from these early AI projects. "Don’t fall into the trap of primarily seeking hard outcomes, such as direct financial gains, with AI proje...

The common goals of artificial intelligence (AI) in computer programs can be described as problem-solving and task completion. In general, these productivity enhancements are intended to either replace or complement human functions. In particular, AI has a significant transformative potential for most retailers, with a potential that's based on changes already underway within the retail industry, which are making AI apps more applicable. Retailer AI Application Market Development According to the latest worldwide market study by Juniper Research, global retailer spending on AI will reach $7.3 billion per year by 2022 -- that's up from an estimated $2 billion in 2018, as retailers target new avenues to increase personalization of the customer experience. The study found that retailers will heavily invest in AI tools that allow them to differentiate and improve the services they offer customers. These range from automated marketing platforms that generate tailored, timely...

Across the globe, more CIOs and CTOs are planning significant IT infrastructure investments, as part of their organization's digital transformation growth agenda. Worldwide IT spending is projected to total $3.7 trillion in 2018 -- that's an increase of 4.5 percent from 2017, according to the latest forecast by Gartner. "Global IT spending growth began to turn around in 2017, with continued growth expected over the next few years," said John-David Lovelock, research vice president at Gartner . "Projects in digital business, blockchain, Internet of Things (IoT), and progression from big data to algorithms to machine learning to artificial intelligence (AI) will continue to be main drivers of growth." Enterprise IT Market Development Enterprise software continues to exhibit strong growth, with worldwide software spending projected to grow 9.5 percent in 2018, and it will grow another 8.4 percent in 2019 to total $421 billion. Organizations are expected...

Artificial intelligence (AI) systems are already very sophisticated. Gartner predicts that by 2022, AI-enabled personal devices will know a lot more about that person's emotional state. Moreover, AI is a disruptive force that will reshape the way we interact with many personal devices. "Emotion AI systems and affective computing are allowing everyday objects to detect, analyze, process and respond to people's emotional states and moods to provide better context and a more personalized experience," said Roberta Cozza, research director at Gartner . "To remain relevant, technology vendors must integrate AI into every aspect of their devices, or face marginalization." Emotion AI Market Development The current wave of emotion AI systems is being driven by the proliferation of virtual personal assistants (VPAs) and other AI-based technology for conversational systems. As a second wave emerges, AI technology will add value to more and more customer experie...

Spending on digital transformation (DX) technologies will reach nearly $1.3 trillion in 2018 -- that's an increase of 16.8 percent over 2017. In 2021, DX spending will nearly double to more than $2.1 trillion, according to the latest worldwide market study by International Data Corporation (IDC). The majority of DX spending in 2018 ($662 billion) will go toward technologies that support new or expanded operating models, as organizations seek to make their operations more effective and responsive by leveraging digitally-connected products or services, assets, people, and trading partners. Digital Transformation Market Development The second largest DX investment area in 2018 ($326 billion) will be technologies supporting omni-experience innovations that transform how customers, partners, employees, and things communicate with each other and the products and services created to meet unique and individualized demand. Information will also be an important DX investment area ($2...

Cloud computing services supported by converged networks will create new opportunities for forward-looking senior executives to make informed decisions and gain significant new strategic competitive advantages. According to the latest market study by Frost & Sullivan, transaction data is the new currency for the digital enterprise and high-speed, dedicated and secure network connections are crucial for senior decision makers to monetize their commercial data residing in cloud services. Furthermore, an integrated network with cloud services will ensure a secured network to deliver business-critical applications and data to support executives in achieving their digital transformation agenda and related business outcomes. Converged Infrastructure Market Development Industry verticals, both traditional and emerging, are already investing heavily in integrated networks as part of their cloud-first journey to leverage next-generation technologies -- such as big data, analytics, a...

Digital transformation projects drive requirements for new business technology investment. Worldwide IT spending is projected to total $3.5 trillion in 2017 -- that's a 2.4 percent increase from 2016, according to the latest market study by Gartner. That growth is up from the previous quarter's forecast of 1.4 percent. "Digital business is having a profound effect on the way business is done and how it is supported," said John-David Lovelock, vice president at Gartner . "The impact of digital business is giving rise to new categories; for example, the convergence of software plus services plus intellectual property. Digital Business Market Development These next-generation offerings are fueled by business and technology platforms that will be the driver for new categories of spending. Industry-specific disruptive technologies include the Internet of Things (IoT) in manufacturing, blockchain in financial services, and smart machines in retail. According to...

Mobile messaging today encompasses both the more traditional forms of messaging and the popular Over The Top (OTT) messaging services from providers such as WhatsApp and WeChat. Communication has never been so rapid or efficient, with new technologies and apps driving demand. One of the key developments has been the growth of OTT mobile messaging services. Where Mobile Network Operators (MNOs) once saw a good portion of revenue come from SMS, MMS and voice calls, OTT players have offered people a free option -- in the form of messages which can be sent over Wi-Fi or Internet connections, driving demand away from mobile operator networks. OTT Messaging Market Development Juniper Research forecasts that OTT messaging applications -- such as WhatsApp and WeChat -- will see adoption grow from 2.3 billion unique users in 2016 to 4.2 billion by 2021, representing a growth of over 12 percent compound annual growth rate (CAGR). According to the Juniper assessment, the OTT vendors will ...