From managing inventories to improving personalised shopping experiences and assisting in data mining, AI (Artificial Intelligence) and IoT (Internet of Things) is transforming how people do business today. 

It seems that at every turn, there is buzz surrounding the Internet of Things (IoT) and the benefits it can bring to the world around us, says Mike Beevor, field chief technologist, Pivot3.

Global Smart Factory Market is set to grow from its current market value of more than $75 billion (€66 billion) to over $155 billion (€138 billion) by 2025; according to a new research report by Global Market Insights, Inc.

Digital Twin Market size is set to exceed US $20 billion (€17 billion) by 2025; according to a new research report by Global Market Insights, Inc.

With its extensive experience in the digitalisation of the water industry, GoAigua has always focused its efforts on innovation and research to boost efficiency in organisations in the sector, accompanying them in their process of digital transformation and developing new solutions to improve communication between people and processes.

Digital Transformation World is upon us, and as the telecoms industry meets in Nice, John English, director of Marketing, Service Provider Solutions, Netscout, shares his thoughts on some of the biggest trends expected to emerge from the show.

There’s no denying that the Internet of Things (IoT) market has grown drastically over the past couple of years, and it is still continuing to gain momentum. IDC has predicted that IoT spending will reach US$745 billion (€664 billion) in 2019 – a 15% increase over last year’s $646 billion (€576 billion) – and will surpass the $1 trillion (€0.89 trillion) mark in 2022.

For manufacturers operating in today’s highly competitive global marketplace, unforeseen downtime presents a significant challenge, often leading to higher costs, missed order deadlines and even reputational issues.

According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, the Artificial Intelligence (AI) in Manufacturing Market will reach US$16 billion (€14.2 billion) turnover by 2025. AI in manufacturing market is driven by the rapid adoption of industry 4.0 technologies.

The world of technology is coming out with new future concepts like Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT) and the list goes on. Also, says business analyst Elisha Swisten, there are some ingenious technologies that have a practical aspect of how the world runs.