WHY IT MATTERS: Digital Transformation

The post-pandemic workplace continues to shift and requires collaboration between remote workers and office workers. Digital transformation has accelerated across every organization and CIOs must maneuver to keep pace. Customer expectations have shifted, and spending habits are moving away from in-person activities to online. IT must improve its maturity in key capabilities to maintain relevance in the organization.

We surveyed more than 3,000 CEOs around the world to learn how they are positioning their organizations for success after COVID-19. Five key factors set outperforming CEOs apart.

The internet has changed the way we work, interact and learn with others across the world. How many people in the world are online, and how has this changed over time? Explore global and country-level data on internet access and technology.

In the connected era, an increasing number of IoT solutions will make our homes, public areas and workplaces, smarter. Building managers will have access to real-time, cloud-based analytics, reporting and services, allowing for informed decision making. With the increasing market demands for cost-saving occupancy comfort solutions, connected technologies are well-positioned to meet the needs of the automated building industry. 
From fire detection to temperature control and energy management, these applications are a part of a growing market. In fact, Allied Market Research forecasts that by 2024, the global intelligent building market will be valued at over $42 billion. Additionally, a recent Research and Markets report estimates that over 483 million IoT-based building solutions will be installed by 2022. To support this growth, IoT-based building solutions require reliable technology that will enable full use of its connective capabilities in a complex environment. 

IoT has been and will be the talk of the town for many years to come. Learn the latest internet of things statistics, forecasts and facts for 2019.

The IoT is defined by everyday objects, interconnected via the internet in order to send and receive data. The reason why we connect these objects is simple: for convenience. To help you understand this technology better in 2019, we’ve created the following list of Internet of Things statistics.

Being able to arm your security system remotely, or start your washer, turn your lights on or off, or adjust the thermostat while being nowhere near them is a convenience our grandparents fantasized about. Looks like we will probably never have to worry about leaving the stove on again.

• Sales, Marketing and Operations are most active early adopters of IoT today.
• Early adopters most often initiate pilots to drive revenue and gain operational efficiencies faster than anticipated.
• 32% of enterprises are investing in IoT, and 48% are planning to in 2019.
• IoT early adopters lead their industries in advanced and predictive analytics adoption.

Here’s a look at how the forces of IoT tech and data collection are already shaking the retail world, even as consumer activity becomes folded into the overall smart city experience.

At a glance: IoT in 2017
IoT is at the core of digital transformation in the enterprise. It’s changing the playing field for organizations in every sector—helping them increase operational efficiency and grow their businesses.
Organizations have so far focused on simple use cases to track data and send status alerts. But, in 2017, IoT has become enterprise-grade.
IoT platforms are providing a single environment for developing and managing applications. New low-power networks are enabling organizations to deploy IoT quicker—helping lower costs.

IoT in Retail Market size was valued at over USD 9 billion in 2016 and will grow at more than 19% CAGR to 2024 led by digital signage, payments and supply chain management applications.

The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second and third industrial revolutions. These advances are merging the physical, digital and biological worlds in ways that create both huge promise and potential peril. The speed, breadth and depth of this revolution is forcing us to rethink how countries develop, how organisations create value and even what it means to be human. The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centred future. The real opportunity is to look beyond technology, and find ways to give the greatest number of people the ability to positively impact their families, organisations and communities.

Think of the trends we’ve seen emerge in recent years:

• Sensors and actuators, including implantables and wearables, that let us capture more data and impressions from more objects in more places, and that affect the environment around them.
• Ubiquitous computing and hyperconnectivity, which exponentially increase the flow of data between people and devices and among devices themselves.
• Nanotechnology and nanomaterials, which let us build ever more complex devices at microscopic scale.
• Artificial intelligence, in which algorithms become increasingly capable of making decisions based on past performance and desired results.
• Vision as an interface to participate in and control augmented and virtual reality
• Blockchain technology, which makes all kinds of digital transactions secure, verifiable, and potentially automatic.

Upcoming trends in the field of the Internet of Things (IoT). A cognitive map which depicts popular phrases and subjects for IoT in the patents database.

This paper examines the essential eight technologies that matter and what business leaders now need to do about them, and emerging technologies in general.