Digital-only banks and Insurers Will Gain Ground on Traditional Players in Asia Pacific in the Next Two Years: Forrester Research

Consumers in Asia Pacific are some of the most advanced when it comes to digital engagement with financial services, with 73 percent of consumers believing that they should be able to accomplish any financial task on a mobile device, according to new data released by Forrester Research.

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New Research Reveals Data Science and Machine Learning Teams are Unable to Collaborate, Build and Deploy AI Models Effectively

Dotscience, the pioneer in DevOps for machine learning (ML), today released the findings of its inaugural State of Development and Operations of AI Applications 2019 report which revealed that despite significant investment in AI, many companies are still struggling to stabilize and scale their AI initiatives.

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Voice Assistants Used to Control Smart Homes to Grow By 769%, Juniper Research Says

New data from Juniper Research found that the number of voice assistants used to access smart home devices will reach 555 million by 2024; up from 105 million in 2019. By 2024, Juniper Research expects more than 90% of voice assistants to be used to control smart home devices; driven by increased participation from Chinese manufacturers.

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5G-powered, Wide-scale Implementation of Fiber to Boost Demand for Fiber Optic Test Equipment Finds Frost & Sullivan

With telecommunication service providers and cable television multiple system operators (MSO) continuing their fiber build-outs, the market for fiber optic test equipment (FOTE) is expected to grow from $781.3 million in 2018 to $1.31 billion in 2025. The lack of fiber expertise among access network technicians and the sheer volume of fiber deployments required in a short time will enable innovative FOTE manufacturers to differentiate themselves in the market.

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Virtual Assistants to Exceed 2.3 Billion Shipments in 2023

The market for virtual assistants (VAs) shows strong positive momentum, driven forward by a combination of rising consumer demand and improvements in the enabling technologies. According to a new report from Futuresource Consulting, global shipments will exceed 2.3 billion units by 2023, up from a projected 1.1 billion for 2019, with a CAGR of 20% over the reporting period.

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New IDC MarketScape Provides a Vendor Assessment of the 2019 Managed Cloud Services Market

International Data Corporation (IDC) has published a new assessment profiling ten providers of managed cloud services worldwide. The IDC MarketScape report uses a comprehensive framework to assess the vendors relative to a set of criteria that explain success in the managed cloud services market and highlights the factors expected to be the most influential for success in both the short term and the long term. A significant component of this evaluation are the perceptions of buyers surveyed by IDC of both the key characteristics and the capabilities of these providers.

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Vitria's Mike Rossi Makes the Case for Focusing on Digital Operations in the Context of Business Transformation Initiatives

While the jury is out on what percentage of large digital transformation initiatives are successful, projects that focus on digitizing and improving specific operations have a proven track record of delivering tangible cost and efficiency benefits in 90-, 60- and even 30-day timeframes, according to Mike Rossi, Senior Vice President for Menlo Park, Calif.-based Vitria.

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Mobile ID Platforms to be Used by 5 Billion People in 2024, Juniper Research Finds

the number of people using government-issued digital identity credentials will grow by over 150% from an expected 1.7 billion in 2019 to over 5 billion in 2024, according to a new report from Juniper Research. Emerging economies in Asia and Africa are some of the biggest markets, as countries leapfrog analogue identities to benefit from the efficiencies digital registration and management bring.

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Dramatic Cost Reductions Set to Transform MicroLED Displays into Mass-Market Products, IHS Markit Says

Rising from negligible levels this year, the global market for microLED displays is expected to grow to 15.5 million units in 2026 as steep declines in manufacturing costs make the emerging technology suitable for the mass market, according to  IHS Markit’s Micro LED Display Technology & Market report.

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Gartner Reveals 75 Percent of Organizations Surveyed Increased Customer Experience Technology Investments in 2018

Three-quarters of organizations surveyed by Gartner, Inc. increased customer experience (CX) technology investments in 2018. Customer analytics continues to be one of the biggest investments, with 52% intending to increase funding in 2019, focusing on customer journey analysis, customer needs analysis, voice of the customer (VoC) and digital marketing.

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Airrion Andrews
Industrial Ethernet Market Worth Over $70 Billion by 2025: Global Market Insights

The industrial Ethernet market is predicted to hike from $25 billion in 2018 to around  $70 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The rapidly growing adoption of Industrial IoT (IIoT) predominantly among the manufacturing and automotive sectors to improve the efficiency of production processes and supply chain is driving the growth of the market. Supportive government initiatives and hefty investments to extensively convert traditional grids into smart grids are resulting in the proliferation of the market.

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Microsoft Takes Top Spot for Total Cloud Services Revenue, While AWS Remains Leader for IaaS:IHS Markit

Microsoft in 2018 became the market share leader for total off-premises cloud service revenue with 13.8 percent share, bumping Amazon to the #2 spot with 13.2 percent; IBM was #3 with 8.8 percent revenue share, according to IHS Markit. Microsoft’s success can be attributed to its comprehensive portfolio and the growth it is experiencing from its more advanced PaaS and CaaS offerings.

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Commercial and Public Sector Investments Will Drive Worldwide AR/VR Spending to $160 Billion in 2023, IDC Says

Worldwide spending on augmented reality and virtual reality (AR/VR) is forecast to reach $160 billion in 2023, up significantly from the $16.8 billion forecast for 2019. According to the International Data Corporation (IDC) Worldwide Semiannual Augmented and Virtual Reality Spending Guide, the five-year compound annual growth rate (CAGR) for AR/VR spending will be 78.3 percent.

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