Tuesday, July 13, 2021

g-f(2)370 The Big Picture of Business Artificial Intelligence (7/13/2021), PRNewswire, IoT Machine Learning and Artificial Intelligence Services to Reach US$3.6 Billion in Revenue in 2026


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Opportunity, The next wave of Internet of Things (IoT) analytics development will fully converge with the Big Data domain
  • According to global tech market advisory firm ABI Research, ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.
Lesson learned, The value in the technology stack
  • The value in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). 
      Alert, Covid-19 has benefited the IoT industry 
      • Many newly emerging cloud-native data-enabled analytics vendors have benefited from COVID-19. 
      • "Since industries are transitioning to "remote everything," out-of-the-box solutions for remote monitoring, asset management, asset visibility, and predictive maintenance are in high demand and exemplify market acceleration. 
      • Vendors, such as DataRobot, are now easing access to ML and AI tool sets through different deployment options at the edge, on-premises, and the cloud. 
      • Companies like AWS, C3, and Google also have been successful in promoting their products and analytics capabilities (tool sets and environment) by creating centralized repositories for COVID-19 data.

          Genioux knowledge fact condensed as an image


          Condensed knowledge


          Opportunity, The next wave of Internet of Things (IoT) analytics development will fully converge with the Big Data domain
          • According to global tech market advisory firm ABI Research, ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.
          Lesson learned, The value in the technology stack
          • The value in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). 
              Alert, Covid-19 has benefited the IoT industry 
              • Many newly emerging cloud-native data-enabled analytics vendors have benefited from COVID-19. 
              • "Since industries are transitioning to "remote everything," out-of-the-box solutions for remote monitoring, asset management, asset visibility, and predictive maintenance are in high demand and exemplify market acceleration. 
              • Vendors, such as DataRobot, are now easing access to ML and AI tool sets through different deployment options at the edge, on-premises, and the cloud. 
              • Companies like AWS, C3, and Google also have been successful in promoting their products and analytics capabilities (tool sets and environment) by creating centralized repositories for COVID-19 data.


              Category 2: The Big Picture of the Digital Age

              [genioux fact deduced or extracted from PRNewswire]

              This is a “genioux fact fast solution.”

              Tag Opportunities those travelling at high speed on GKPath

              Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

              Type of validity of the "genioux fact". 

              • Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.


              Authors of the genioux fact

              Fernando Machuca


              References




              ABOUT THE AUTHORS


              ABI Research


              ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.


              PR Newswire



              PR Newswire was a distributor of press releases headquartered in New York City. The service was created in 1954 to allow companies to electronically send press releases to news organizations, at first using teleprinters. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as an legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. The services provided by PR Newswire have continued as Cision’s Distribution division.


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