Digital Lifescapes

The world's electrical grids require significant modernization to handle the transition to renewable energy sources and enable more efficient energy distribution and consumption. Enter the smart grid that uses digital technologies to automatically monitor energy flows, integrate renewable sources, and self-heal from outages. According to the latest worldwide market study by Juniper Research, the benefits of smart grid adoption include cost savings for utilities, a reduction in environmental impacts, improved grid reliability, and greater consumer control over energy usage. However, significant barriers are slowing widespread smart grid deployment globally. Smart Grid Market Development The financial incentive for utilities to invest in smart grid infrastructure is now overwhelmingly clear. Juniper forecasts that worldwide savings from smart grids in terms of reduced energy and emissions costs will grow from just $84 million in 2024 to $290 billion annually by 2029 -- that's a 2...

Many government CIOs often struggle with legacy system issues. Their quest for digital business transformation may be the most highly motivated, compared with their peer group in private business. Meanwhile, forward-thinking government leaders are planning to support the selective investment in business technology that enables more digital government services. It has become a strategic priority. Worldwide government information technology (IT) spending is forecast to total $588.9 billion in 2023 -- that's an increase of 6.8 percent from 2022, according to the latest global market study by Gartner. Government Technology Market Development "Government organizations are continuing to modernize legacy IT and invest in initiatives that improve access to digital services as constituents increasingly demand experiences that are equivalent to online customer interactions in the private sector," said Daniel Snyder, director analyst at Gartner . The total experience (TX) framework,...

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 ...

While much of the growth potential for cloud computing, agile software development and applied DevOps methodologies will continue to come from the large enterprise sector, there's also increasing demand for improving the outcomes of government IT environments. According to the latest market study by MeriTalk, 92 percent of Federal IT managers say it's urgent for their agency to modernize legacy software applications -- citing key factors such as security issues (42 percent), time required to manage and/or maintain systems (36 percent), and inflexibility and integration issues (31 percent). Their study surveyed 150 Federal IT managers familiar with their agency's applications portfolio to find out how modernization can breathe new life into legacy applications, and deliver much-needed efficiency and/or security benefits. Some legacy applications are already failing to keep up with agency requirements. In fact, 48 percent of Federal IT managers surveyed believe their le...