More than 60 per cent of organisations reported changes in their business model in association with their AI adoption.
Tag: IDC
IDC expects Asia/Pacific artificial intelligence systems spending to reach nearly $ 5.5 billion in 2019
As industries invest aggressively in projects that utilize AI software capabilities, IDC expects spending on AI systems will increase to USD 15.06 billion in 2022 with a compound annual growth rate (CAGR) of 50% over the 2018-2022 forecast period.
IoT will become a business of $1.1 trillion by 2021: IDC
IDC has projected that the majority of spending will be on sensors, modules, security and infrastructure, with the manufacturing industry being projected to make the largest investment.
Global spend on IoT to reach nearly $1.4 trillion in 2021: IDC forecast
The IoT use cases that were expected to attract the largest investments in 2017 included manufacturing operations ($105 billion), freight monitoring ($50 billion), and production asset management ($45 billion).
There’s been significant impact of IoT on IT Infrastructure: IDC
Improved business offerings, IoT data management, and new networking elements were key to a successful IoT initiative within an enterprise.
China manufacturing IoT spend to go over $127 billion by 2020: IDC
Policy and financial support by the Chinese Government, along with other factors will drive the continuous growth of IoT spending in the manufacturing industry in the next three to five years.