Digital Lifescapes

As an independent management consultant specializing in the tech sector, I've witnessed numerous technological advancements reshape vertical industry workflow and horizontal job functions. However, few innovations have shown as much promise to revolutionize business operations as Generative AI (GenAI). A recent Gartner market study has shed light on the transformative potential of this technology, particularly in the realm of finance. The findings reveal a significant shift in how finance leaders perceive and plan to implement generative AI, signaling a new era of data-driven decision-making and operational efficiency. The Gartner assessment provides compelling insights into the expectations and priorities of finance leaders regarding GenAI adoption. One of the most striking statistics is that 66 percent of finance leaders believe GenAI will have its most immediate impact on explaining forecast and budget variances. GenAI in Finance Market Development This high percentage undersc...

Senior executive demand for digital transformation that incorporates business process and workflow automation has motivated leading organizations to double their investment in artificial intelligence (AI) projects. According to the latest market study by Gartner, 80 percent of executives think automation can be applied to any business decision. As automation becomes embedded in digital business, a recent survey revealed how organizations are evolving their use of AI apps. "The survey has shown that enterprises are shifting away from a purely tactical approach to AI and beginning to apply AI more strategically," said Erick Brethenoux, VP analyst at Gartner . Business Process Automation Market Development For example, a third of organizations are applying AI across several business units, creating a stronger competitive differentiator by supporting decisions across business processes. The Gartner survey was conducted online in the U.S. market, in Germany, and in the UK, within ...

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...

The Internet of Things (IoT) ecosystem will gain new momentum next year, as the underlying technologies are deployed in new use-cases. That being said, 451 Research released their latest market study findings that highlight the key challenges facing this emerging sector. According to their assessment, 46 percent of enterprise leaders expect to have IoT applications deployed by year-end 2016. These savvy executives are are already seeking guidance from qualified consultants that have proven IoT and M2M experience. While communications protocols, security, competing WAN approaches and data management remain concerns, the early adopters are focusing on the business process changes that are required to fully exploit Internet of Things opportunities. The key challenges and the six top trends are: Business process changes will continue to be the largest barrier to IoT adoption. Communication protocols at the edge will remain fragmented. LTE-M timing gap and new LPWAN upstarts will...

Prepackaged mobile applications reached a plateau during 2013, but with more exciting advancements expected in 2014, North American companies are once again deploying a wide array of mobile worker software. According to the latest market study by Frost & Sullivan, 48 percent of business decision makers report that their companies already deploy one to ten apps for employees on mobile devices. They also found that the mobile app viewed as "most necessary" by businesses is wireless email, followed by mobile sales force automation. The Frost analysis measures the current use of and future decision-making behaviors toward mobile enterprise apps -- specifically mobile asset tracking, mobile sales force automation, mobile workforce management, and wireless email solutions. Convincing companies of the fundamental business necessity of mobile worker app solutions is critical to a provider's success. Specifically, among the four mobile apps featured in this research,...

The numbers and types of 3G and 4G devices -- other than mobile phone handsets -- such as tablets, notebooks, and e-readers that are used by U.S. business is becoming a larger portion of the overall business wireless spend. According to the latest market study by In-Stat , that spending on non-handset 3G and 4G mobile services will exceed $5 billion by 2014. "As businesses become more mobile and as wireless connections become more ubiquitous, it is inevitable that new technology will be employed by business in an effort to raise productivity," says Greg Potter, Research Analyst at In-Stat. It should be no surprise to see upside forecasts that indicate this category of spending will grow -- in fact, it will become an even larger portion of wireless spending moving forward. Other findings from In-Stat's study include: - Enterprise spending makes up over 62 percent of business spending on non-handset data services, spending over $1.9 billion in 2010. - The admin...

I've recently shared details about the renewed interest in enterprise mobile data applications. That interest has included both internal and and external mobile service applications. A desire to enhance employee productivity is often at the core of this market development activity. According to the latest ABI Research industry vertical market analysis of mobile enterprise customers, global services business revenues are forecast to grow at a 4.3 percent CAGR over the next four years, reaching $133 billion by 2014. Enterprise practice director Dan Shey says, "Mobile revenue growth for services businesses is driven by data usage. Mobile messaging, information access and applications delivered to the growing cadre of enterprise mobile devices help employees in this sector improve productivity, and serve and win customers." Moreover, data services including text and email messaging, applications (apps), and data plans are a growing portion of this sector's revenues...