Asia/Pacific spending on artificial intelligence (AI) systems is forecast to reach nearly $5.5 billion in 2019, an increase of almost 80 percent versus 2018, according to new research from International Data Corp. (IDC). As industries invest aggressively in projects that utilize AI software capabilities, IDC expects spending on AI systems will increase to $15.06 billion in 2022 with a compound annual growth rate (CAGR) of 50 percent over the 2018-2022 forecast period.

Sales of connected consumer devices — including networked cameras, security systems, and connected health devices — will exceed 520 million units by 2022, according to Parks Associates. The report, sponsored by Calix, presents the opportunities emerging from this wealth of residential devices and details strategies for service providers to operate in the smart home market in ways that leverage their strengths while avoiding the pitfalls of past efforts.

Companies can successfully achieve digital transformation without sacrificing their core values or exposing themselves to the less desirable elements of Silicon Valley startups, according to a new report in MIT Sloan Management Review.

Technologies such as machine learning, Big Data analytics and blockchain will be the cornerstone of fintech platforms. These factors will fundamentally alter the way financial services are delivered and drive fintech platforms to become the “new normal” according to a new report from Juniper Research.

Organizations seeking to leverage the latest technologies to digitize their business processes must carefully consider how to integrate operational processes all the way from the back end to the front end, says Chris Menier, Vice President and Transformation Strategist for Vitria, in an audio interview for journalists.

Blockchain remains a popular topic but supply chain leaders are failing to find suitable use cases. By 2023, 90 percent of blockchain-based supply chain initiatives will suffer ‘blockchain fatigue’ due to a lack of strong use cases, according to a new report from Gartner, Inc.

According to a new research report from the IoT analyst firm Berg Insight, the number of insurance telematics policies in force on the European market reached 10.3 million in Q4-2018. Growing at a compound annual growth rate (CAGR) of 36.0 percent, this number is expected to reach 47.9 million by 2023.

The Denmark video market continues to progress strongly, with total spend growing by 7% in 2018 to DKK 10.21 billion (US$1.53 billion), with SVoD driving growth. This has been supported by steady growth in the transactional digital market and robust EST growth, according to the latest video insights market report from Futuresource Consulting.

New research by Juniper Research found that the number of cross-border transactions recorded on the blockchain will surge to 1.3 billion by 2023, a CAGR of 82% over the next 4 years. The value of transactions recorded on the blockchain will thus reach an unprecedented $3.4 trillion; a CAGR of 87% over the next 5 years.  

Rethink TV, the TV research arm of Rethink Technology Research has released a forecast of the video revenues for four of the world’s largest pay TV and studio groupings, and finds that the only one that will have rock steady, uninterrupted growth is Netflix.

Augmented reality (AR) and virtual reality (VR) have the potential to shake up the customer experience in such a profound matter that 100 million consumers will shop in AR online and in-store by 2020, Gartner forecasts.

New research by Juniper Research found that annual revenues from blockchain retail asset tracking will leap to $4.5 billion by 2023. While anything from gemstones to cars and healthcare can be tracked on blockchain, retail is a hotbed for the technology. Blockchain’s versatility offers retailers transparency in the supply chain, customer loyalty management and operational efficiencies, among other benefits; leading to faster adoption than in other sectors.

While the games industry may be currently facing some negative sentiment in the stock market, Digi-Capital is still forecasting that video game software/hardware combined revenue could drive well over $200 billion revenue by 2023, and tracked a record $5.7 billion investment in games companies in 2018.

Despite a slow start, Europe is now one of the fastest-growing regions worldwide for blockchain spending, according to a new report from International Data Corp. (IDC). This is due to a number of factors, such as enterprises moving blockchain to production and a wave of local start-ups driving marketing and sales activities.

Apple has given the strong impression that the launch of a new SVoD service will be part of the company’s first 2019 event this March 25th in a move that has been widely anticipated across the video and TV market for years, according to Futuresource Consulting.

Household spending on subscription OTT video services has held steady for three years, averaging just under $8 per month since 2016 according to Parks Associates’ OTT Video Research. Given the growing adoption of OTT video services over the past three years, these figures suggest that adoption of multiple services or expensive services by some consumers is offset by a larger base of consumers who either subscribe to one or two relatively inexpensive services, including 30 percent of consumers who do not spend any money on OTT video services.

A new study from Juniper Research has found that the operational cost savings from using chatbots in banking will reach $7.3 billion globally by 2023, up from an estimated $209 million in 2019. This represents time saved for banks in 2023 of 862 million hours, equivalent to nearly half a million working years.

The annual value of virtual cards (temporary cards that are only available for a single transaction or limited time) is projected to grow 90% over the next four years and exceed $1 trillion by 2022 according to a new report from Juniper Research.

Worldwide spending on artificial intelligence (AI) systems is forecast to reach $35.8 billion in 2019, an increase of 44 percent over the amount spent in 2018,  International Data Corporation (IDC) forecasts.

By 2023, 80 percent of organizations will have an enterprise program management office (EPMO) focused on integrating digital products and programs, according to new Gartner research.