Latest News & Executive Interviews
5G to Prop Up Cloud Gaming Users and Drive Cloud Video Revenue to US$67.5 Billion by 2024, ABI Research
5G edge networks bring new capabilities allowing communications service providers (CSPs) to develop innovative applications, services, and revenue streams in the media and entertainment domain. 5G edge networks stand to unlock cloud video revenues from US$5 billion in 2019 to US$67.5 billion by 2024 at a CAGR of 67%.
Rapid Vehicle Electrification to Drive the Global Li-ion Battery Materials Market, states Frost & Sullivan
Li-ion battery materials market is projected to reach $51.60 billion by 2027 from $18.75 billion in 2020 at a 15.6% compound annual growth rate (CAGR). The advancements in battery chemistries and technologies, upsurge in electric vehicle (EV) sales, evolving regulatory scenario, and increasing consumer preferences toward EVs are expediting market growth worldwide.
Gartner Says Supply Chain Organizations Need a Chief Robotics Officer to Strategically Implement Robotics and Automation
With robotics and automation taking over more tasks in organizations, the role of the chief robotics officer (CRO) should be created to strategically drive the proliferation of these technologies, according to Gartner, Inc.
Building Resiliency for Holiday 2021
The next few years will find retailers across the country focusing on significant business model innovations by harnessing technological intellectual property to build resilient digital supply chains that ensure the delivery of high customer experiences at scale. Technology and business leaders will be challenged to demonstrate greater agility and continuity in a market that will continue to be volatile and unpredictable. So say Scott Ernst and Kayla Broussard, executives with IBM’s cloud advisory and cloud architect practices, in a podcast interview with BizTechReports.
Laying the Foundation for Enterprise-wide Robotic Process Automation (RPA) at Scale
In today’s competitive and constantly changing environment, companies that can divert high-capacity human capital away from low-value rote work can lay the foundation for establishing a competitive advantage in their sector. That is the promise of RPA, according to Tom Torlone, global vice president of professional services at UiPath, and Jim Maholic, senior director of engineering at UiPath, in a recent podcast interview with BizTechReports.
ABI Research: Biometrics in Law Enforcement Go Multimodal for Superior Recognition and Identification
Multimodal Automated Biometric Identification Systems (ABIS) are succeeding standard fingerprint-based Automated Fingerprint Identification System (AFIS) criminal platforms, featuring a host of new biometric identification and registration software capabilities, biometric matching algorithms and, of course, new hardware devices and novel use-case scenarios.
Continuous Application Portfolio and Enterprise Infrastructure Rationalization Strategies in the Industrial Sector
The current business transformation initiatives have been made possible by the synergistic combination of expertise from the worlds of Operating Technologies (OT) and Information Technologies (IT). This is bringing about intelligent, interconnected, and autonomous manufacturing equipment and systems. The achievement of shared objectives across OT and IT communities will be enabled by new dynamic -- constantly evolving -- technological resources, such as artificial intelligence (AI), big data, cloud computing, and ubiquitous connectivity.
Building an Enterprise-wide Framework for Containerization Across Hybrid Multi-Cloud Environments
The keys for building an enterprise-wide framework for deploying containers across hybrid multi-cloud infrastructures are top of mind for executives. Exploring containerization frameworks should be considered a strategic priority for IT organizations with complex infrastructures and how they affect IT operations and business processes. BizTechReports caught up with Vikas Sidana -- a strategic technology advisor at IBM -- to discuss some of the central findings of today’s use cases.
Anticipated Post-Pandemic Renaissance of Live Sports Offers Broadcasters Opportunity to Enhance Home Viewing Experience with HDR
The return of live sports -- including the 2021 Summer Olympics -- as we hopefully approach a post-pandemic era is encouraging sports fans around the world to gather and view major events in stadiums, bars, restaurants -- and homes. The challenge before broadcasters rests on delivering consistent, high quality, high dynamic range (HDR) and ultra-high definition (UHD) content while addressing unpredictable environments of outdoor events.
Mining Industry Forecast to Embrace Digitalization with Spend Reaching US$9.3 Billion in 2030, States ABI Research
Mining firms are starting to appreciate the benefits that digital technologies can deliver such as improving safety and the condition of their equipment. Forecasts show that miners’ spend on digital technologies will grow by a CAGR of 5.2% over this decade and reach US$9.3 billion in 2030.
Intensifying Electrification and Fuel Economy Targets Set to Propel the Global Electric Vehicle Market
A recent analysis of the global electric vehicle (EV) market finds that consumers’ increasing preference toward EVs, economies’ commitment to lower carbon emissions, and the surging installation rate of EV charging stations worldwide are key factors driving the global EV market.
36% of US Broadband Households Subscribe to or are Trialing a Video Gaming Service; New Findings From Parks Associates
New research from Parks Associates finds 75% of heads of US broadband households report playing video games for at least one hour per week and 36% subscribe to or are trialing at least one free or paid gaming service. The firm forecasts the potential market opportunity for US cloud gaming services is $3.6 billion in 2024.
Semiconductor Chip Shortages Continue to Vex the Commercial Transportation Industry with Lead Times Exceeding 5 Months
Industry suppliers from truck and trailer OEMs to commercial telematics providers continue to feel the pain of delayed semiconductor shipments alongside rising growth opportunities. The commercial transportation industry is facing significant semiconductor shortages through to at least the end of 2021 leading into 2022.
Despite the Massive Potential, Private Networks Still Fail to Reach Scale – and the Window of Opportunity for Telcos is Closing, States ABI Research
In order to successfully target the immense enterprise private network opportunity, the telco industry is having to radically rethink their approach to enterprise 5G. The industry needs to embrace spectrum liberalization initiatives and consider flexible business models that can be adjusted to address heterogenous enterprise requirements.
Data Resilience and Operational Continuity Strategies for the Utilities Industry
As the industry comes to grips with the highly disruptive implications of a once-in-a-generation pandemic event, executives are bracing themselves for continued volatility as incidences of unprecedented weather events rise, and bad actors target critical infrastructures with malware and ransomware attacks.
Data Monetization and Revenue Generation Emerging as New Priorities for City Governments, states ABI Research
In the wake of COVID-19, cities and municipalities increasingly find themselves cash-strapped, having overspent during the pandemic on various services such as policing and healthcare. At the same time, they need to finance the deployment of new technologies such as digital twins, robotics, and connected infrastructure to make their cities more resilient.
Establishing Comprehensive Resilience Frameworks for Ransomware Recovery
Malware and ransomware attacks have achieved an unprecedented level of ubiquity across organizations of all sizes and industries. A Spring of 2021 survey conducted by analysts at IDC revealed that 95.1% of organizations had suffered a malicious attack within the past 12 months, and 36.6% of respondents have suffered more than 25 attacks during that time.
Gartner Says Customer Service to Significantly Increase Investments in Chatbots, AI and Analytics Over Next Two Years
Investments in technologies focused on the customer are rapidly becoming a top priority for customer service and support (CSS) leaders, according to Gartner, Inc. In two years, valuable technologies will revolve around the customer, through digital self-service platforms and understanding customer behavior through analytics.
Increasing Adoption of Game Engines Expedites Usage of Commercial Gaming in Defense Training and Simulation
As the commercial gaming market continues to expand, a growing number of products will become useful to the defense industry and military customers. Analysis of the defense training and simulation (T&S) market finds that game engines are one of the most significant uses of commercial gaming within defense.
Worker and Offender Tracking Devices to Reach an Installed Base of 10 Million by 2026, states ABI Research
Forecasts show that collectively there will be an installed base of 10 million worker and offender monitoring devices by 2026, according to a new report from global tech market advisory firm, ABI Research. Areas of worker and offender monitoring include social work, construction and healthcare.