Category: IOT

Gartner Strategic Planning Assumption 2022

Gartner predicts by 2022, as a result of digital business projects, 75% of enterprise-generated data will be created and processed outside the traditional, centralised data centre or cloud, up from less than 10% in 2018. Key Findings Moving processing and content collection/delivery closer to the sources and consumers of information offers significant benefits and creates new business […]

Gartner predicts by 2022, as a result of digital business projects, 75% of enterprise-generated data will be created and processed outside the traditional, centralised data centre or cloud, up from less than 10% in 2018.

Key Findings

  1. Moving processing and content collection/delivery closer to the sources and consumers of information offers significant benefits and creates new business models.
  2. As the Internet of Things (IoT) becomes mainstream, analytics will be needed at the edge of the network for real-time feedback and business process optimization. This will make the use of edge computing vital.
  3. The adoption of edge computing will be slowed by a lack of awareness of its benefits and a lack of skills in its use. Organisations that lag behind in addressing these issues will miss opportunities.
  4. Cloud computing and edge computing are complementary concepts, not competitive styles of computing. Organizations that use them together will gain the benefits of both centralized and decentralized approaches.

Top 10 Strategic Technology Trends for 2018: Cloud to the Edge

Source: Gartner Reprint

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New Technologies Will Drive ICT Spending Back to Double the Rate of GDP Growth, According to IDC | Business Wire

The changing workforce and the thirst for technology, smarter devices, better customer service and the desire for instant transactions, the desire for companies to become more agile and responsive is becoming more of a focus now than ever before.

Total worldwide ICT spending will grow from $4.3 trillion in 2016 to $5.6 trillion by 2021, according to a new IDC Worldwide Black Book forecast.

A large proportion of this spending will come from the fast-growing IoT market, which is forecast to reach almost $1.3 trillion in annual revenue by 2020, of which more than $1 trillion represents new opportunity outside of traditional technology market categories (devices, infrastructure, software, services, and telecom)

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Are you investing in IoT for 2020

With the increasing demand for technology and ICT expenditure expecting to hit 5.5 trillion by 2020, companies are considering their telecommunications strategy for the next 5 years.

One of the drivers for this is the growth is the Internet of Things (IoT). As electronic sensors are the enabler for IoT we can look at the investment in this area and according to PwC’s 6th Annual Digital IQ survey of nearly 1,500 business and technology executives, the IoT movement is underway

Top 10 industries investing in sensors
31% Automotive
25% Industrial
22% Hospitality
20% Healthcare
20% Retail
18% Entertainment
17% Technology
13% Financial services

This graph shows the IoT spending evolutions from 2016 – 2021

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