AI will improve the productivity of many jobs, eliminating millions of middle- and low-level positions, but also creating millions more new positions of highly skilled, management and even the entry-level and low-skilled variety.
Stories of disruption flood the news and keep executives awake at night. According to Deloitte, nearly 90% of managers and executives surveyed expect “great” or “moderate” digital disruption, but fewer than half say their organizations are adequately preparing.
On a geographic basis, the United States leads by a very large margin in terms of industry cloud adoption across the three aforementioned industries combined. It’s expected to reach 73 percent of worldwide spend in 2017, followed by Western Europe at 12 percent.
Patent applications for smart object technologies, on which the Fourth Industrial Revolution depends, are rising rapidly. More than 5,000 Internet of Things patent applications were filed in 2016 at the European Patent Office (EPO).
In 2017, we see evidence of companies shifting from digital transformation pilots to programs. 2016 brought a lot of experimentation with small pilots, but they stayed in the range of $500,000 – $2 million. Companies moving from pilots to larger, more substantial programs in 2017 are investing in the range of $10 – $50 million in these projects.
via Everest Group
IoT hardware will be the largest technology category in 2018 with $239 billion going largely toward modules and sensors, along with some spending on infrastructure and security. IDC reports that services will be the second largest technology category, followed by software and connectivity.