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Robotics and Drone Revenues will Reach $201.3 Billion

Robotics and Drone Revenues will Reach $201.3 Billion

Spending on robotics solutions is expected to total $86.6 billion in 2018 and will account for more than 85 percent of all spending throughout the five-year forecast. Industrial robotic solutions will account for the largest share of robotics spending (more than 57 percent), followed by service robots and consumer robots.

via Digital Lifescapes

Exploring Insurer and AI InsurTech Partnerships

Exploring Insurer and AI InsurTech Partnerships

Total InsurTech funding reached $2.3 billion in 2017, a 36 percent increase from the $1.7 billion recorded in 2016. In 2016, AI and IoT accounted for almost half of the total investment in InsurTech startups globally.

via Everest Group

Why Banks Must Redefine Digital Transformation

Redefining Digital Transformation in Banking

85 percent of banks have digital transformation implementation as a priority for 2018, driven by the need to find efficient ways to address challenges in the industry such as cost pressures, eroding top lines, uncertainty and instability in the geopolitical environment and decreasing customer satisfaction. But strategy execution is a challenge.

via Everest Group

Asia-Pacific IoT will Reach $291.7 Billion in 2018

Asia-Pacific IoT will Reach $291.7 Billion in 2018

China will account for 64.2% of the overall spending ($187.3 billion) in Asia-Pacific region in 2018. Adoption of IoT technology in other countries are also steadily gaining ground, with South Korea and India accounting for 9.8% and 8.8% share respectively.

via IDC

How NFC is Penetrating Retail Point-of-Sale Apps

How NFC is Penetrating Retail Point-of-Sale Apps

According to the latest worldwide market study by Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

via Digital Lifescapes

Blockchain Transforms Mining and Metals Industry

Blockchain Transforms Mining and Metals Industry

The future of both blockchain and the digital economy is still undetermined; however, the technology is evolving quickly and so far it is clear that there are compelling use cases for the mining, metals and connected value chains.

via World Economic Forum

Hybrid IT Trend is Driven by Cloud Service Reality

Hybrid IT Trend is Driven by Cloud Service Reality

“While we remain bullish on the overall public cloud opportunity, we see an increasing number of companies confronting the realities and challenges of migrating workloads and re-platforming apps,” the Goldman Sachs report said.

via CIO Journal