Generative Artificial Intelligence (AI) and AI more broadly, has launched a new technology hype cycle that, on the surface, appears to have rather unceremoniously ended during the previous metaverse hype cycle. AI, however, is a critical enabling technology of a future metaverse, from networking to data/workflow management and content creation. AI should not be viewed as a “metaverse replacement,” but rather as a critical pillar of that future, regardless of what that future is called; metaverse is simply a convenient term to codify pre-existing trends with a vision of the future.
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Networked Lighting Control (NLC) "connected lighting" systems are at the forefront of smart technologies available to building owners and tenants, as well as energy companies and regulators, as they look to improve the efficiency and appeal of their commercial buildings. NLCs deliver automated and dynamic lighting networks that optimize energy consumption by connecting with sensors throughout a property. Connectivity is the next step in driving energy savings from upgraded lighting capabilities. The still ongoing switch to Light-Emitting Diode (LED) luminaires from traditional bulbs can bring a 50% energy use reduction. NLC leverages LED to enable dynamic light dimming and operation to ensure lights are only on as needed. Key to such control is lighting level and occupancy sensors, but the NLC system can be extended beyond just efficient lighting to provide a backbone for a host of other connected applications, such as indoor location services for asset tracking in a warehouse or product discovery in retail stores.
Smartphone Biometric Technology Is on the Rise
The adoption of biometrics across various applications in an array industries is continually increasing. Concerning consumer technologies, fingerprint and facial biometrics are already prevalent in the devices we use daily. This is only expected to increase with time, with ABI Research observing the adjoining movement of growing penetration of biometric technology within devices, with the increasing integration of biometrics in smartphone operating systems, external apps, and web pages. Alongside facial and fingerprint technologies, numerous other biometric modalities, including voice, gesture, and vein recognition, are seeing strong uptake.
There’s a fierce game of tug-of-war taking place within the telecommunications industry. On one side of the rope is the consumer-centric business model that Communication Service Providers (CSPs) have traditionally relied upon. On the other end are 5G cloud and software services that define a future, digital-first world. Each telecom domain vies for the attention of CSPs equally. Operators must look both to the future—promising new growth opportunities in the enterprise—while also being careful not to let their hands slip from the consumer side of the rope.
The following forecast looks at how generative AI will create incremental value for companies in each different enterprise vertical. ABI Research expects each generative AI vertical market to adopt the technology at different rates depending on the business use cases that will create the most value.
Whether it’s new recreational entertainment or a novel healthcare monitoring application, consumer technology is always evolving. Older tech is phased out and replaced with the latest and greatest offerings brought about by various companies’ exhaustive product developments. To help manufacturers, content providers, and other vendors pinpoint the current state of consumer markets, here’s a thorough rundown of 8 consumer technology trends in 2023.
Optimizing the Internet of Things (IoT) hardware development process is integral to making your vision for a product a reality. An efficient development process leads to quicker Time to Market (TTM) and more realistic product design prototypes to test. Due to the introduction of newer connectivity technologies in recent years, IoT solution developers have felt the pressure to make several adjustments in their development processes. This is a rapidly evolving technology space, with different suppliers, components, and elements involved. It’s worth discussing the following trends in IoT development:
Tantalizing opportunities await Real-Time Location System (RTLS) vendors targeting the healthcare industry. Larger and more scalable RTLS hardware and service solutions are needed in hospital settings, begetting a US$16.7 billion market opportunity by 2030. For hospitals, RTLS-enabled location visibility has proven use cases that boost staffing efficiency and delight patients. What are the market drivers for healthcare RTLS, and what technological considerations should RTLS vendors make as they reach out to hospitals?
Drivers today—and even more so in the future—demand connected driving experiences tailored to their personal tastes. This concept, already applied to many digital experiences, requires car Original Equipment Manufacturers (OEMs) and their suppliers to focus on Software-Defined Vehicle (SDV) architecture. While SDVs are essential to enabling future vehicle services—and new revenue streams for automakers—there are several ways the software-defined car will change the way the automotive industry approaches vehicle development.