“We stand at a watershed moment for society’s vast, unknown digital future. A powerful technology, artificial intelligence (AI), has emerged from its own ashes, thanks largely to advances in neural networks modeled loosely on the human brain.”
Source: World Economic Forum
Smart City projects have gained momentum over the last decade, as more municipalities across North American have launched a wide variety of digital transformation initiatives. That said, some cities have achieved significant outcomes that enable them to improve services for citizens.
Source: Digital Lifescapes
Global spending on IoT security is currently estimated at $703 million for 2017 and forecast to grow at a CAGR of 44 percent over the six-year period to become a $4.4 billion market opportunity by 2022.
Source: IoT Analytics
IT and business leaders must acknowledge that they’ve likely reached a significant turning point. Business technology advances are disrupting the legacy status quo and bringing huge market turmoil in their wake. Industries are converging, and unfamiliar competitors are surfacing.
Source: Business Technology Roundtable
eMarketer estimates the value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017 — that’s up 78.1% from last year. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9% in 2021.
The global cognitive systems market will witness a massive hike in revenues, reaching $21.46 billion by the end of 2026. Over the 10-year assessment period, the global cognitive systems market will expand at a compound annual growth rate (CAGR) of 14.6 percent.
This new way of creating digital – IT-based – infrastructures has several spearheads: microservices, DevOps and IoT platforms. In this sense, open source is a forerunner, and now a key catalyst of one of the most important axes of digital transformation, open innovation.
Source: PAC – a CXP Company