Distributed ledger technologies, or blockchain, is gaining momentum across the globe. What’s the appeal to apply the new eCommerce related benefits? There’s no proprietary owner or administrator. As a result, interest in open blockchain technologies — such as Hyperledger — are attracting many new ecosystem participants.
According to the latest worldwide market study by Juniper Research, global retailer spending on AI will reach $7.3 billion per year by 2022 — that’s up from an estimated $2 billion in 2018, as retailers target new avenues to increase personalization of the customer experience.
The latest Global Cloud Index (GCI) 2016-2021 from Cisco focuses on the worldwide market outlook for enterprise data center virtualization and cloud computing services. Today’s digital business is enabled by Hybrid IT infrastructure that supports the deployment of cloud-based solutions.
A worldwide survey of organizations by Gartner showed that 91 percent of organizations have not yet reached a transformational level of maturity in enterprise data and analytics — despite this area being a number one investment priority for CIOs and CTOs in recent years.
Savvy chief executive officers, and their board of directors, understand the potential for business model disruption by non-traditional startup companies. Moreover, they’re aware blockchain technology offers a new paradigm for commercial transactions that can impact established markets, incumbent businesses and partner ecosystems.