“With just 10 percent of IT allocated to generating new business value, incumbents are not battle ready when it comes to contending with nimble tech players. As any investor would tell you, place your resource bets where you believe there is value.”
From transportation solutions to video-streaming applications, artificial intelligence (AI) permeates almost every aspect of our lives. This includes government, where AI is increasingly making an impact. Consider these public-sector examples.
“Bain research has found that only 12% of all corporate transformations achieve their targets, and, while we are in the early days with many stories still being written, digital transformations appear even harder.”
via Bain & Company
The largest pay-TV providers in the U.S. — representing about 93% of the market — lost about 1,530,000 net video subscribers in 2Q 2019, compared to a pro forma net loss of about 420,000 subscribers in 2Q 2018. The future outlook is equally gloomy.
“The proportion of connected assets is projected to continue to rise and will be a key growth driver of the 5% CAGR that the $38.2 billion industrial connectivity market is projected to have between now and 2024.”
via IoT Analytics
Nearly one-third of U.S. advertiser spending on programmatic display ads goes to tech and software intermediaries — the so-called “ad tech tax” — to execute ad transactions, before publishers receive the rest as advertising revenues.
According to Berg Insight, the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 8 percent between 2018 and 2024 to reach 142.8 million units at the end of the forecast period.