Digital Lifescapes

Preparing for the adoption of new technologies is challenging for many large enterprise organizations. That's why savvy CIOs and CTOs seek information and guidance from vendors that can assist them on the journey to achieve digital business transformation. Meanwhile, investment in artificial intelligence (AI) systems and services will continue on a high-growth trajectory. According to the latest worldwide market study by International Data Corporation (IDC), spending on AI systems will reach $97.9 billion in 2023 -- that's more than two and a half times the $37.5 billion that will be spent in 2019. The compound annual growth rate (CAGR) for AI in the 2018-2023 forecast period will be 28.4 percent. Artificial Intelligence Market Development "The AI market continues to grow at a steady rate in 2019 and we expect this momentum to carry forward," said David Schubmehl, research director at IDC . "The use of artificial intelligence and machine learning (ML) is oc...

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...

What if the employees in your organization had access to intelligent automation that augmented their own skills and abilities? What if the routine processes and repetitive tasks could be executed by a trained computing system? Given that scenario, how might your organization improve employee productivity and enhance their job satisfaction? That's the promise of cognitive and artificial intelligence (AI) technology. It's becoming a new reality, as numerous organizations across the globe start to embrace these trained computing systems. Cognitive and AI Market Development Worldwide spending on cognitive and AI systems is forecast to reach $57.6 billion in 2021, according to the latest global market study by International Data Corporation (IDC). With many industries investing in cognitive and AI solutions, spending is expected to achieve a compound annual growth rate (CAGR) of 50.1 percent over the 2016-2021 forecast period. Worldwide spending on cognitive and AI systems...

Large enterprises have an asset that many SMBs do not. They are in possession of massive quantities of historical and current data. In addition, the business case for employing cognitive systems to analyze that data is more compelling, when compared with smaller companies. ABI Research predicts the number of businesses adopting artificial intelligence (AI) technologies worldwide will grow significantly, up from 7,000 this year to nearly 900,000 in 2022 -- that's a CAGR of 162 percent. AI is now making significant strides in cloud processing, storage capacity, and machine learning algorithms to enable cognitive systems and robotics to surpass people in performing some key tasks in manufacturing and other industries. AI and Machine Learning Market Development Increasingly, businesses are applying these emerging technological advancements to deliver various forms of automation and innovation that will eventually equal or exceed human capabilities. "Even though nearly o...

According to the latest 2017 CIO Survey from  Harvey Nash and KPMG , 89 percent of respondents are maintaining or increasing their investment in IT innovation. Moreover, 52 percent are investing in more nimble business technology platforms to help their organization innovate and grow. Digital growth strategies are now fueling businesses across the globe at an entirely new level. The proportion of organizations surveyed that have enterprise-wide digital growth strategies increased 52 percent in just two years, and organizations with a Chief Digital Officer (CDO) have increased 39 percent over last year. To deliver these complex digital growth strategies, organizations also report a big demand for Enterprise Architects -- the fastest growing technology skill this year -- that's up 26 percent compared to 2016. Cyber security vulnerability is at an all-time high, with 32 percent of IT leaders reporting their organization had been subject to a major cyber-attack in the past 24 ...

Are you ready for the Cognitive Systems era? If not, have you at least updated your business technology plan? Evolving the CIO role, and preparing a company for the impact of artificial intelligence (AI), is a high priority at many forward-looking enterprises. By 2022, intelligent machines and robots may replace some trained professionals for basic tasks within the healthcare, law and information technology (IT) sectors, according to the latest worldwide market study by Gartner. Artificial Intelligence Market Development "The economics of AI and machine learning will lead to many tasks performed by professionals today becoming low-cost utilities," said Stephen Prentice, vice president at Gartner . The effects that AI will have on the enterprise will depend on its industry, business, organization and customers. Mr. Prentice cited the example of a lawyer who undergoes a long, expensive period of education and training. Law firms must pay salary and benefits for each law...

As more business technology infrastructure moves online, so does the potential for exposure to cyber threats. Cybercrime is a great concern to most companies. Mobile computing and an expected 46 trillion connected devices in use by 2021 translates into more demand for effective security solutions. According to the latest worldwide market study by Juniper Research, while the growing enterprise spend on cybersecurity is increasing rapidly, it's apparently not keeping pace with the corporate liabilities caused by potential data breaches. IT Security Market Development Their latest study findings have resulted in a forecast that global IT security revenue will reach nearly $135 billion in 2022 -- that's up from an estimated $93 billion in 2017. However, over the next five years, corporate data breaches will likely have cost organizations a cumulative total of $8 trillion in fines, lost business and associated remediation costs. The research also found that businesses a...

Cognitive Systems can extract value from all types of data -- including unstructured data -- within new platforms that can learn at scale, reason with purpose and interact with humans via natural language. While the North American market is the focal point for many IT vendors, other markets are growing. Case in point: Western European revenues for cognitive and artificial intelligence (AI) systems will reach $1.5 billion in 2017 -- that's an increase of 40 percent over 2016, according to the latest market study by International Data Corporation (IDC). Western European spending on cognitive and AI solutions will experience new investment over the next several years, achieving a compound annual growth rate (CAGR) of 42.5 percent through 2020, when revenues are forecast to be $4.3 billion. Cognitive and AI Systems Market Development "IDC is seeing huge interest in cognitive applications and AI across Europe right now, from different industry sectors such as healthcare and...