IDC’s 3rd Platform Industry Spending Guides Provide In-Depth Forecasts for Technology Investments in Nine Industries

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To bring more insight to technology spending across and within industries, International Data Corporation (IDC) recently published a series of Industry Spending Guides that provide in-depth forecasts for spending on 3rd Platform technologies (mobility, cloud, big data and analytics (BDA), social) and Innovation Accelerators (artificial intelligence (AI), augmented reality/virtual reality (AR/VR), 3D printing, Internet of Things (IoT), security, and robotics) as well as traditional, 2nd Platform technologies. The guides cover nine industries – banking, government, healthcare, insurance, manufacturing, oil and gas, retail, securities and investment services, and utilities – and provide detailed spending figures for nine geographic regions, 64 sub-industries and lines of business, and two delivery types (cloud and non-cloud).

“While IT spending is contracting in some areas, 3rd Platform spending will see healthy double-digit growth throughout the post-COVID recovery period and the investment priorities are somewhat varied across industries,” said Karen Massey, research manager, Customer Insights & Analysis. “The financial services industries, which include banking, securities and investment services, and insurance, rely more heavily on cloud, mobility and BDA, for example. But IoT is the primary investment focus in the other six industries, especially manufacturing, oil and gas, and utilities. However, mobility is a close second to IoT as an investment priority in government and healthcare.”

Within the banking industry, consumer banking is the largest line of business for technology spending with 2nd Platform technologies accounting for just over half the total in 2020. However, the shift from 2nd to 3rd Platform spending is evident with 3rd Platform and Innovation Accelerator spending enjoying compound annual growth rates (CAGR) of 10.4% and 17.7% respectively. Cloud and mobility spending will grow to nearly $53 billion combined in 2023 while cognitive AI spending will see a five-year CAGR of 21.6%. By the end of the forecast, 2nd Platform spending will be

MIT Technology Review’s Annual EmTech Event Reimagined online | News

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CAMBRIDGE, Mass., Oct. 14, 2020 /PRNewswire/ — MIT Technology Review’s annual EmTech MIT conference will take place October 19-22, 2020. This online event delves deep into the year’s most important developments in AI, biomedicine, cybersecurity, diversity, equality, and global-scale technology—all in a reimagined, immersive, virtual format focused on the attendee experience. See the full EmTech MIT conference agenda and register.

Attendees will hear from and engage with leaders, researchers, and innovators from across the globe representing companies and organizations that impact our daily lives, including Amazon, Facebook, Google, Salesforce, Twitter, Gavi, Lilly Research Laboratories, the Scripps Research Institute, and more. Featured speakers include:

  • Parag Agrawal, CTO | Twitter
  • Marc Benioff, Chair, CEO, and Cofounder | Salesforce
  • Seth Berkley, CEO | Gavi, The Vaccine Alliance
  • Mai-Lan Tomsen Bukovec, Global Vice President | Amazon Web Services
  • Geoffrey Hinton, VP and Engineering Fellow | Google
  • Anne Neuberger, Director of Cybersecurity | NSA
  • Mike Schroepfer, CTO | Facebook
  • Megan Smith, Former US CTO; CEO and Founder | shift7
  • Astro Teller, Captain of Moonshots (CEO) | Alphabet’s X

New for 2020: EmTech MIT attendees may choose from a selection of interactive sessions with engaging discussions and behind-the-scenes access to labs and researchers on the MIT campus. Options include:

  • Meet the Researchers: Chat with researchers from MIT’s Computer Science and Artificial Intelligence Lab about their latest projects
  • Inside the Lab: Get a behind-the-scenes view of some of MIT’s most innovative labs and join a Q&A session
  • Master Classes: Explainer sessions led by MIT experts to help you better understand the technologies being explored on the main stage
  • Innovators’ Think Tanks: Tune in as the Innovators Under 35 brainstorm solutions to some of the world’s biggest problems

Intel, a technology leader shaping the data-centric future

Emerging technology enhances learning at Davis Global Center

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Step inside the Davis Global Center, and you’ll find yourself surrounded by technology; from towering video walls to massive touchscreens and 3D imagery.



a group of people sitting in a bedroom: iEXCEL spaces within the Dr. Edwin G. & Dorothy Balbach Davis Global Center photographed on Wednesday, September 16, 2020.


© Kent Sievers
iEXCEL spaces within the Dr. Edwin G. & Dorothy Balbach Davis Global Center photographed on Wednesday, September 16, 2020.

The new advanced simulation facility on the University of Nebraska Medical Center campus seeks to give health care professionals a place to practice skills in a low-risk environment.

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The first floor provides particularly unique opportunities, with a focus on emerging technologies, including 3D, augmented and virtual reality and a holographic theater.

“We are literally only limited by our own imaginations on what we can do,” said Sharon Medcalf, an assistant professor in the College of Public Health.

Medcalf explained, they can train people for once in a lifetime events such as a mass casualty triage by using technology like the simulation cave.

“What I can do as a faculty member using the technology in this building is create that environment of an event, and then put that first responder in that immersive environment and test his or her critical thinking skills,” she said.

Medcalf also said staff are using the holographic theater to capture speakers and presentations and preserve them for future learners in lifelike form.

“We’re designing an activity that will be based around the hologram of an expert, that we have on campus today, that we may not have on campus that same person 5-10 years from now,” she said.

Getting the health care focused content to go with all this tech wasn’t so easy. The center hired its own team to create it, with employees coming from gaming, graphic design, web development and more.

“Twelve people. Each with different skill sets, not from medicine, who

Adoption of Emerging Technologies & Increasing Demand for Small Satellites

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DUBLIN, Oct. 14, 2020 /PRNewswire/ — The “Global Geospatial Imagery Analytics Market: Focus on Application, Geospatial Technology, Imaging Type, Analysis, and Deployment Model – Analysis and Forecast, 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The Global Geospatial Imagery Analytics Market report projects the market to grow at a CAGR of 15.80% on the basis of value during the forecast period from 2020 to 2025.

North America is expected to dominate the global geospatial imagery analytics market with an estimated share of 42.5% in 2020. North America, including the major countries such as the U.S., is the most prominent region for the geospatial imagery analytics market. The U.S government is aiming to explore the potential of commercial small satellites data to enhance its earth science data

The global geospatial imagery analytics market is gaining widespread importance owing to increasing efforts from the geospatial companies along with government agencies as well as their increasing investment for developing commercial small satellites for geospatial imagery. Moreover, the development of technologies like Artificial Intelligence (AI), Internet of Things (IoT), big data and machine learning for enhancing geospatial technologies are some of the factors that may propel the market growth.

Scope of the Geospatial Imagery Analytics Market

The purpose of the market analysis is to examine the geospatial imagery analytics market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape of the key players operating in the market.

Global Geospatial Imagery Analytics Market Segmentation

The geospatial imagery analytics market is further segmented on the basis of application, geospatial technology, imaging type, analysis, deployment model, and region. While highlighting the key driving and restraining forces for this market, the report also provides a detailed

5 Emerging Enterprise Network Trends To Watch In 2021

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The New Networking

COVID-19 has changed daily life for millions across the globe, but it also upended entire industries in 2020, from hospitality and retail to medicine and technology. The networking space, for better or for worse, was no exception.

It’s safe to say that teleworking isn’t going anywhere, and vendors are making adjustments to their portfolios to enable remote networking and right-size offerings such as SD-WAN, especially for small to midsize companies. On the plus side, the demand for edge networking offerings is going through the roof as businesses demand compute and storage at the edge to empower brand-new use cases that perhaps no one was expecting at the start of this year, such as outdoor connectivity in unusual places. Those use cases will continue to pick up steam heading into next year as solution providers become more well-versed in the new and creative ways they can enable and please their end users.

From the increasing focus on IoT and edge networking in a COVID-19 world, to the rise of 5G and teleworking, here are five enterprise network trends that we predict will flourish in 2021.


 











 








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