Digital transformation is synonymous with the widespread use of connected devices (Industrial Internet of Things (IIoT) within an industrial environment. In many cases, enterprises will seek to enable connectivity of these IIoT devices with low-cost, low-powered solutions capable of being deployed at scale. For these reasons, Bluetooth® technology is increasingly essential in digitalizing factories, warehouses, smart buildings, farms, hospitals, retail stores, mining sites, and other enterprise settings. The wireless technology facilitates various industrial applications by providing short-range communication capabilities. ABI Research forecasts more than 600 million annual shipments of Bluetooth®-enabled industrial devices by 2028, nearly a six-fold increase from 2022.
Few technologies receive as much attention today as the Internet of Things (IoT). IoT adoption goes hand-in-hand with a company’s digitization efforts, providing actionable insight and real time data into operations. IoT devices and service use cases continue to expand and offer organizations essential data to improve how they do business. As solution providers compete with one another to differentiate their offerings, several IoT trends are emerging. Here are five of those key trends to track in 2024, as reported in ABI Research’s 82 Technology Trends That Will—And Will Not—Shape 2024. Before we look into our analysts’ future predictions, let’s review some of the most notable IoT statistics our analysts have compiled.
If you ask the average American or European consumer to name an Electric Vehicle (EV) brand, most will probably quickly say “Tesla.” A large quantity of Tesla EVs on the road and widespread public charging stations make it hard not to take notice of the EV juggernaut. However, Tesla’s global dominance is threatened by a company few Americans and Europeans would know—BYD.
The year 2024 will mark the fourth one since 5G networks launched commercially, now well deployed in both developed and developing countries and representing a major advancement in user experience, energy efficiency, and network functionality, setting the stage for future technologies. Its introduction, particularly through Massive Multiple Input, Multiple Output (mMIMO), has greatly enhanced consumer applications, providing most users with high-speed, quality mobile broadband.
Generative Artificial Intelligence (AI) is perhaps the biggest technology trend of our time, with business leaders and investors rapidly seizing the opportunities it can present. ABI Research's latest report, Generative AI Telco Strategies, discusses the case for generative AI in telecommunications.
By now, most people should understand the risks of being complacent with cyber protection. Cybersecurity Ventures reports that cybercrime will cost victims US$9.5 trillion worldwide in 2024.. As enterprises continue to invest in digitization, cyber threat actors see additional devices and systems as new opportunities to enter a network. Cyber threat actors use various tactics to carry out cyberattacks, particularly social engineering attacks, phishing attacks, ransomware, distributed denial of service (DDOS) attacks, malware, etc. A successful attack not only costs a company money, but it can damage brand reputation and result in trade secrets or Intellectual Property (IP) being compromised.
Demand for Electric Vehicles (EVs) continues to grow every year, and will account for more than 50% of vehicle sales volume by the end of the decade. Governments worldwide and several U.S. states have set bans on Internal Combustion Engine (ICE)/diesel vehicle sales, causing a spike in EV production. However, a lack of charging infrastructure is the elephant in the room. For example, a recent survey from AAA reports that 56% of U.S. consumers say a lack of charging stations is a primary barrier to purchasing an EV. Significant investment in installing public EV charging points is essential if consumer demand for EVs and government mandates can be met. Home chargers alone will not be adequate for the sustained mass use of EVs, especially in developing markets lacking access to home charging equipment.
The year 2024 is set to be a big one for sustainability. Governments worldwide have introduced various policies in recent years that will drive further enterprise investment in green technologies in 2024. Sustainability has ingrained itself into corporate strategies as companies look to appease eco-conscious consumers and adhere to new green regulations. What will this year bring in terms of net-zero emissions efforts? How are enterprises reacting to increased demand to reduce carbon footprints? How can this be achieved? In this post, we’ll share five unique sustainability trends pulled from ABI Research’s annual trends whitepaper.
A metal payment card is the Rolls-Royce of the banking industry. The mostly affluent consumers who gravitate toward these high-end cards seek products that reflect their premium lifestyle. When they check out at the jewelry store or pick up the tab at a five-star restaurant, these consumers want the world to see their exclusive status. A metal credit or debit card has no counterpart in terms of product design and sleekness. As ABI Research reports, the number of metal payment cards issued annually will increase from 36.1 million in 2022 to 85.1 million in 2028.
Generative Artificial Intelligence (AI) is one of the booming technology topics of our time. ABI Research has multiple research products and articles covering how generative AI will transform the modern enterprise. The manufacturing sector is one industry that gains tremendous benefits from using generative AI. Whether it’s product design or inventory management, there are many use cases for generative AI in manufacturing. In this article, I’ll identify five examples of how generative AI can be applied to the manufacturing industry.