Tag Archive | analytics

AI for Predictive Maintenance Gains Momentum

AI for Predictive Maintenance Gains Momentum

Predictive Maintenance solutions market has reached $3.3B in 2018 and is forecast to grow at 39% to $23.5B by 2024. It is estimated that in 2024, adopters of Predictive Maintenance will save $188B in costs on top of other benefits such as improved regulatory compliance and enhanced safety.

via IoT Analytics

Connected IoT Devices Will Generate 79.4ZB of Data

Connected IoT Devices Will Generate 79.4ZB of Data

Devices connected to the Internet, including machines, sensors, and cameras that are the Internet of Things (IoT), continues to grow. IDC forecasts there will be 41.6 billion connected IoT devices generating 79.4 zettabytes (ZB) of data in 2025.

via IDC

Rising Demand for Digital Business Developer Skills

Rising Demand for Digital Business Developer Skills

Demand is surging for information-technology (IT) workers with advanced digital skills, as more companies seek help developing data analytics, artificial intelligence (AI) and other emerging business tools.

via WSJ

The Digital Transformation of Agriculture Enabled by IoT

Agriculture's Digital Transformation Enabled by IoT Apps

By 2024, over 2 million farms and 36 million cattle will be connected, according to ABI Research. There’s a significant upside opportunity for IoT apps within the agricultural market — specifically connected agriculture in field crops, tree crops, and livestock.

via Digital Lifescapes

Big Data Analytics Revenue will Reach $274.3 Billion

Big Data Analytics Revenue will Reach $274.3 Billion

Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data and related analytics and insights,” said Dan Vesset, group vice president at IDC.

via Digital Lifescapes

Why Savvy Retailers Adopted Artificial Intelligence

Why Savvy Retailers Adopted Artificial Intelligence

According to the latest worldwide market study by Juniper Research, global spending by retailers on AI services will reach $12 billion by 2023 — that’s up from an estimated $3.6 billion in 2019. Juniper expects over 325,000 retailers to adopt AI technology over the forecast period.

via Digital Lifescapes

Industrial IoT for Manufacturing is Growing Rapidly

Industrial IoT for Manufacturing is Growing Rapidly

The Industrial IoT Platforms market is accelerating in 2019 as industrial manufacturers prioritize their transformation into IoT data-driven companies. Spending on Platforms-related software and services is forecast to grow at a rate of 40% per year until 2024.

via IoT Analytics