Latest News & Executive Interviews
Smart Home Players Deploy New Strategies to Streamline Offerings and Overcome Consumer Concerns
Parks Associates smart home research finds high perceived prices remain a top barrier to smart home adoption, with providers and manufacturers working to bring lower-priced products to market and discontinue specific premium products.
Industry Convergence to Propel Cybersecurity Spending in Global Commercial and Public Sectors, Finds Frost & Sullivan
Cybersecurity for commercial and public sectors is estimated to reach $68.01 billion by 2030, driven by the ongoing threat of cyberattacks and government rules concerning privacy policies and data protection. The surge in digital infrastructures, mobile users, and wireless network usage is compelling organizations across sectors to embrace security convergence.
COVID Supercharged Media Consumption Propelled 2020 Online Video and Gaming Market Value to US$330 Billion, Says ABI Research
The global pandemic and the shift to remote work/schooling engendered a captive audience that accelerated trends within the media and entertainment industry. Streaming video subscriptions climbed as households stacked subscriptions, driving subscription revenues to over US$69 billion in 2020.
Worldwide IT Spending is Predicted to Reach $4 Trillion in 2021, New Forecasts From Gartner
Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS).
Strategy Analytics: 8K TV Owning Households to Reach 72 Million Worldwide by 2025
Global 8K TV household adoption will begin to build momentum over the next few years, reaching 72 million households by 2025. Following a slower than expected 2020 when just under 350 thousand 8K TVs were sold globally, Strategy Analytics’ forecasting models indicate sales of more than 1 million 8K TVs in 2021 and around 4 million in 2022.
Industrial Augmented Reality Approaches US$70 Billion Total Market Value by 2025, Spurred by Digitization and Connected Workers
After a tumultuous 2020, the need for digitization and keeping workers connected became crystal clear for many. This is true in all industries, but especially for industrial markets where workflow complexity, knowledge retention and share, and the financial impact from downtime and other inefficiencies are particularly severe.
Work-at-home Agent Model to Accelerate Migration from On-premise to Cloud Application Solutions
The impact of the COVID-19 pandemic has propelled the demand for workforce engagement management and analytics applications. This increases the deployment of cloud/hybrid setups and creates opportunities to leverage digital solutions that support work-at-home agents (WAHA), self-service bots, and artificial intelligence-enabled solutions.
Chinese 5G Subscriptions and Data Traffic will Reach Near 40% and 60% Global Shares by 2025, Says ABI Research
Despite it still being in its early stage, 5G deployment in China is aggressive, allowing the country to be prepared to maintain/advance its position as the world's leading industrial manufacturing nation and be ready for the next generation of the industrial revolution.
AI-Based Imaging Analysis Tools and Cloud-Based Deployments to Bolster the Global Digital Pathology Market
Frost & Sullivan’s recent analysis of the global digital pathology market finds that it’s estimated to hit $825.9 million by 2025. Increasing pathology test volumes due to disease prevalence, digital pathology’s importance to the pharmaceutical industry, and regulatory approvals for using digital pathology in the primary diagnosis will boost the market.
Role of IT in Managing Digital Agreements is Rising Through the Era of Contactless Engagement
Enterprise-wide adoption of digital agreements and acceptance of digital signatures are as much an issue of managing organizational culture as it is about technology management. The era of contactless engagement -- driven by the rise in remote work and digital end-to-end workflows -- is elevating the role of IT in enabling a new generation of internal and external agreements.
Many Large Organizations Are Overestimating Their Responsible AI Maturity
A new global survey conducted by BCG GAMMA finds that 55% of all respondents overestimated the maturity of their responsible artificial intelligence (RAI) program—the structures, processes, and tools that help organizations ensure that their AI systems work in the service of good while transforming their businesses.
76% Of European CIOs Are Underprepared For Automation, Finds Forrester
Forrester predicts that employment protection initiatives instituted during the pandemic will diminish incentives and further delay CIOs’ plans for automation across Europe. This is despite the fact that 76% of European organizations are already underprepared for automation compared to 65% in Asia Pacific and 73% in North America.
Transforming IT Organization to Manage the SAP Ecosystem in Hybrid Cloud Environments
Enterprise resource planning software remains one of the most critical business applications of large organizations. Failure to properly incorporate core packages -- like SAP -- into business transformation initiatives can derail the achievement of mission-critical future-state objectives.
COVID-19 Significantly Impacted 41% of Key Customers’ Spending with B2B Sales Organizations, Says Gartner
41% of key customers (also known as key accounts) indicated that the economic implications of COVID-19 significantly impacted their spend with B2B sales organizations, according to Gartner, Inc. A Gartner survey revealed that while some key customers increased spending with B2B sales organizations, only 18% indicated a spending increase of more than 10% since January 2020.
AR HUDs and Smart Surfaces Will Become Standard In-Vehicle HMI, Predicts Strategy Analytics
Touchscreens and voice controls are becoming the most common embedded infotainment controls in high-volume makes, but automakers are still attempting to differentiate themselves with novel human-machine-interfaces (HMI). From intelligent voice assistants to novel jog dials to non-touch gesture controls and more, innovation is continuing to be brought into automotive interiors.
5G, AI, AR, and the IoT Among Key Technologies to Play Pivotal Role in Post-Pandemic Landscape, Says ABI Research
Over these next few months, the post-pandemic landscape will begin to take shape. Technologies like 5G, Artificial Intelligence (AI), Augmented Reality (AR), IoT, and those enabling smart cities and the smart home will play pivotal roles in reshaping businesses, verticals, and economies around the world.
Strategy Analytics: High Mix of 5G Drives All-Time High Baseband Revenue in 2020
Despite the COVID-19 pandemic, the global cellular baseband processor market clocked all-time high revenue in 2020, according to Strategy Analytics. Strategy Analytics' research finds that strong demand for 5G fueled the baseband market to $26.8 billion in 2020, up 25 percent year-on-year.
A Study from BCG and Faethm Quantifies the Impact of Automation Technologies on Job Markets
Technology is upending labor markets, and governments, companies, and individuals need to look beyond aggregate numbers and consider how individual professions will be affected. A new analysis quantifies the impact of technology by 2030 in Australia, Germany, and the United States. The report is being released by Boston Consulting Group (BCG) and Faethm.
Global Medical Imaging Informatics Market Accelerated by Cloud and AI, Says Frost & Sullivan
Frost & Sullivan’s recent analysis finds that the emergence of new technologies such as artificial intelligence (AI) and the cloud, evolving clinical and administrative/operational needs, and the introduction of new policies and regulations will boost the global medical imaging informatics market.
Financial Sector Explores Nuances of Working with ISVs and SaaS Providers as Part of Cloud Strategy
New technological developments, the rise of new competitive disruptors and changing customer expectations have elevated the imports of accelerating the pace with which institutions bring new value-added services to market. A growing number of executives are taking a hard look at how fintech services, ISVs and SaaS resources can support this “need-for-speed” in a risk-adjusted manner.