How Artificial Intelligence Drives Digital Transformation

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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.

via Digital Lifescapes

2017 AR and VR Venture Capital Investment Trends

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The $2.5 billion invested in Augmented and Virtual Reality so far this year ($1 billion in October and November alone) was balanced across AR and VR, but now mobile AR and CV/ML are the new hotness (as VR has cooled).

via Digi-Capital

How to Avoid Digital Disruption in 2018

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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.

via World Economic Forum

More Industry Cloud Services Gain Momentum in 2017

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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.

via Digital Lifescapes

4th Industrial Revolution Tech Patents are Flourishing

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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).

via World Economic Forum

Digital Transformation Projects Move to Mainstream

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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

Internet of Things Revenue will Reach $1.1 Trillion

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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.

via Digital Lifescapes