Many finance leaders are currently at a high risk of making four common mistakes that could negatively impact their ability to fund digital growth and reduce expenses overall, according to Gartner, Inc. This is at a time when recovery from the COVID-19 pandemic will be centered on rapid digital transformation.

Frost & Sullivan’s recent analysis maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.

Despite increased investment, only 10% of organizations are achieving significant financial benefits with AI. The role of mutual learning between humans and machines is often underestimated in generating value from AI. Those companies that draw on multiple types of interaction and feedback between humans and AI are 6X times more likely to amplify their success.

While most large companies are currently engaged in a business transformation initiative, study after study reveals that more than 70 percent ends in failure. It may be tempting to blame immature cloud technologies or unwilling rank and file staff; however, the real cause of this failure likely lies in the leadership suite.

Consumers plan on buying fewer gifts and spending less this holiday season, with an 18 percent reduction in their average budget from last year, a KPMG LLP survey found. Forty-one percent of consumers also said that they are not planning on going to Black Friday sales in person.

By its very nature, technology requires industry players to innovate in order to survive. In fact, technology companies are 12 percent more likely to be disrupted than companies in retail and 25 percent more likely than those in financial services, two other industries that have historically gone through regular disruptions.

Nevertheless, gasoline-powered vehicles will still comprise two thirds of the 1.9 billion cars on the road in 2050 owing to the time it takes for the fleet to turn over. The average age of vehicles on the road in the United States is nearly 12 years.

Frost & Sullivan’s recent analysis, Digital Hospitals: Creating Growth Opportunities in Patient Care during the COVID-19 Pandemic and Beyond, finds that digital hospitals that deploy smart technologies, such as artificial intelligence (AI), remote health monitoring, and robotics, deliver higher standards of patient care and hassle-free experiences for health professionals

The development of Open Radio Access network (Open RAN) is gaining momentum. Network operators, new entrants, system integrators, and application developers are working together to unlock the traditional integrated telco supply chain, which has up to now been dominated by a handful of large infrastructure vendors.

According to the latest research from Strategy Analytics eSIM-enabled smartphones will capture an impressive 32 percent of all smartphones shipped in Western Europe in 2020. Apple iPhones and Samsung smartphones account for the vast majority of eSIM-enabled smartphones shipped there, while few Chinese brands currently offer the technology.

The immense appetite for private networks in the enterprise domain keeps rising and rising as private cellular network deployments within the enterprise domain will generate equipment revenues of more than US$64 billion by 2030.. While large enterprises will drive the market for the next 10 years, enterprises with annual revenues between US$250 million and US$1 billion will account for 40% of private networks by 2030,

The market for professional loudspeakers posted global revenues of nearly $3 billion in 2019, an increase of almost 7%, according to the latest professional loudspeaker industry report from Futuresource Consulting. One of the key themes of the report this year was the impact of COVID-19 and its significant effects on forecasts moving forwards. The segment most affected by these restrictions is Live and Touring.

Supply chains are in the middle of an evolution that will change completely how chief supply chain officers (CSCOs) organize and operate their organizations. “CSCOs are tasked to design a supply chain organization that fits into this new era,” said Mike Burkett, vice president analyst with Gartner. “While in the past, a good supply chain was efficient and powerful, it must now be agile and fast.”

According to Frost & Sullivan’s recent analysis, aftermarket revenue expanded by 4.1% in 2019. This was largely driven by a 3.2% growth in vehicles in operation, with the contraction in global gross domestic product (GDP) growth stifling consumer expenditure on new vehicle purchases.

The adoption of digital tools including Augmented Reality (AR) and Virtual Reality (VR) in Human Resource (HR) departments can accelerate the HR digital transformation journey and add value to existing HR activities – especially in the wake of COVID-19.

It’s clear that 2020 will go on record as the year that the digital revolution made tremendous strides through the consumer psyche. Online retailers are expected to see record highs as consumers are unable to frequent physical retail locations, with traditional retailers forced to embrace online and multi-channel methodologies in a bid to protect their position within the market.

Worldwide pay-TV market growth has slowed over the past few years due to the shift from video consumption to online streaming. The COVID-19 pandemic is further accelerating the cord cutting trend, resulting in higher pay-TV churn in many markets. ABI Research forecasts that the worldwide pay-TV market will see a slight decline from 2019 to reach a 1.07 billion subscriber base in 2020.

The growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs). These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and operationalization of threat intelligence. The TIP market is one of the cybersecurity markets that will be least affected in 2020.

The next battle in the 50-year-old games console wars will be shaped by the increasingly contrasting strategies of the two leading players, Sony PlayStation and Microsoft Xbox, according to the latest research from Strategy Analytics.

Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Commercial Vehicle Industry, shows that digital and connectivity services will significantly influence market recovery post-COVID-19 as telematics services, automated digital freight brokerage solutions, and digital retailing are expected to thrive.