In an ideal world, industrial and manufacturing firms could simply focus on producing goods and maximizing their profits through innovation. However, that’s not the world we live in, and they face several manufacturing challenges that they have little to no control over. Firms can prepare to act upon them by first identifying and evaluating the most significant issues. From there, strategic steps can be taken to ensure that production plants and supply chains are equipped with the technologies needed to build operational resiliency. With this post, I’ll walk you through five of the most highly impactful manufacturing challenges to be aware of in 2023 and pinpoint which vertical markets experience the greatest inconvenience from each of them.
The introduction of video analytics solutions got off to a rocky start many years ago. The biggest problem was that companies promised more than their analytics software could actually deliver. While this led to great mistrust in the technology, commercial customers have warmed up to intelligent video solutions once again. ABI Research forecasts that the global installed base of video surveillance cameras will reach 1.2 billion by 2030, thanks to technological advancements in edge-based Artificial Intelligence (AI) and Machine Learning (ML). New and improved edge-based AI and ML capabilities of cameras have peeled back the onion, and underneath the surface lies a world of diverse video analytics applications and use cases. This blog post lists six video analytics companies and intelligent surveillance providers using advanced technologies like AI and ML to help customers strengthen their surveillance apparatuses.
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.
When ABI Research surveyed 1,800 fleet operators last year, the results indicated that 6 out of 10 businesses place fleet electrification as their near-term goal. Consequently, the number of commercial Electric Vehicles (EVs) on the road is forecast to grow from 171,000 in 2020 to approximately 3 million by the decade’s end. Today’s rapid transition to electrified fleets and Zero-Emissions Vehicles (ZEVs) is the result of several internal and external factors. This post covers six of the biggest market drivers for fleet electrification.
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?
Manufacturers, in their digital transformation journey, increasingly require advanced data analytics solutions to optimize their plant operations. More specifically, data analytics is an essential technology for the proactive monitoring of production line equipment, in the form of predictive maintenance, production line optimization, and accommodations for additional orders. Software providers’ means of delivering these solutions vary widely, as evidenced in ABI Research’s recently released Manufacturing Data Analytics competitive ranking. The report assesses 10 different suppliers of data analytics software for manufacturing companies and identifies the top innovators and implementers of said solutions. This post will summarize how some of these companies made it to the top of the list.