Tag Archive | innovation

Legacy Culture: Why Managers Resist Digital Marketing

Legacy Culture: Why Managers Resist Digital Marketing

“Despite notable successes, digital marketing has often stalled in a trial phase for years in many companies. Why is that? We find that the managers responsible often blame it on culture and legacy behavioral patterns.”

via McKinsey

AI Market Revenue will Reach $190.61 Billion by 2025

AI Market Revenue will Reach $190.61 Billion by 2025

The artificial intelligence (AI) market was valued at $21.5 billion in 2018 and will reach 190.6 billion by 2025 — that’s a CAGR of 36.6 percent. Major drivers are big data, cloud-based applications, and demand for intelligent virtual assistants.

via Markets & Markets

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

How Digital Transformation Impacts IT Outsourcing

How Digital Transformation Impacts IT Outsourcing

The global sourcing industry posted a decline in transactions. Large financial services firms, especially banks, are increasingly looking to expand their in-house IT teams and insource parts of their outsourced IT services portfolios.

via Everest Group

How AI will Challenge Enterprise Cybersecurity Defenses

ai-cyber-security

“AI-powered attacks will outpace human response teams and outwit current legacy-based defenses; therefore, the mutually-dependent partnership of human and AI will be the bedrock of defense strategies in the future.”

via World Economic Forum

Factory Simulation Software Revenue will Reach $4.1 Billion

Factory Simulation Software Revenue will Reach $4.1 Billion

The market for factory simulation software products will grow at a compound annual growth rate of 11 percent to reach $4.1 billion for over 172,000 users in 2030, according to the latest worldwide market study by ABI Research.

via Digital Lifescapes

Talent Management and Digital Transformation Leaders

Talent Management and Digital Transformation Leaders

“The CHRO brings experience in traditional talent management, including acquisition, training, retention and compliance, while the CIO brings an in-depth understanding of enabling technology and digital transformation opportunities.”

via Gartner