machine learning — Industry Insights, Data, and Solutions For Business Leaders

IP Video and Emerging Technologies — Including AI — Are Poised to Transform Broadcast Operations Around the World

Rising competition from OTT streaming service providers, rapidly changing consumer expectations, and the introduction of disruptive emerging technologies are converging to transform the broadcast sector. Consequently, leaders in the industry are accelerating efforts to modernize investments in production and information technology to support new workflows and operations that will enhance their market positions, according to Eric Deniau, senior vice president of research and development at VITEC, in a podcast interview for journalists.

Emerging Technologies Play Critical Role in Optimizing Content Catalogs to Maintain Subscriber Engagement and Reduce Churn

As the streaming and content service provider markets move past the immediate aftermath of COVID-19, which stimulated demand for over-the-top (OTT) offerings through the shelter-in-place period, the industry now faces headwinds driven by rising inflation and the prospects of a global recession.

"The OTT sector is experiencing a major wave of change as consumer attitudes and behaviors rapidly evolve in new directions. A significant pivot is taking place as we moved beyond the pandemic when a slew of new streaming service providers rushed into the market to engage directly with consumers starved for new content and experiences," says Matt McSweeney, Vice President of Sales at TiVo.

83% of US internet households subscribe to at least one OTT service, while 45% subscribe to traditional linear pay TV, Says Parks Associates

Parks Associates’ recent consumer research finds that 83% of US internet households now subscribe to at least one OTT service, while 45% still subscribe to the traditional linear pay-TV service model. The firm’s new whitepaper, Engaging Next-Gen Video Viewers: Leveraging AI and ML, developed in partnership with FPT Software, addresses the increased use of video services, content preferences, discovery challenges, and the role of bundles.

OTTStaff ReportsNovember 23, 2022artificial intelligence, machine learning, OTT Services Market, OTT

Reducing Customer Churn Hinges on Emerging Technologies and Metadata Analysis to Bring Order to Fragmented Content Landscape

FOMO. Analysis paralysis. Content, content everywhere, but not a choice to pick. While we may truly be living in a golden age of exceptional content, the sheer volume of offerings spread out among a dizzying array of providers has created a new universally shared experience: selection frustration.

It is an emotion that is playing itself out on both the supply and demand side of the equation, according to Chris Ambrozic, vice president and general manager, Discovery for TiVo, a division of Xperi Inc.

IoT Machine Learning and Artificial Intelligence Services to Reach US$3.6 Billion in Revenue in 2026

The next wave of Internet of Things (IoT) analytics development will fully converge with the Big Data domain. Simultaneously, the value in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.

TechnologySheridan LePlattJuly 14, 2021Ai, machine learning, artificial intelligence

Financial Services to Harness Machine Learning and Artificial Intelligence to Elevate Quality of Data-Driven Decisions -- KPMG LLP

The financial services sector is among the most mature users of enterprise systems in the economy. Established institutions often preside over generations of computing platforms that have evolved over the years to accommodate on-premises data centers, private-cloud and public-cloud infrastructures, according to executives at KPMG.

AI-based Platforms Transform the Global Water Sector, Finds Frost & Sullivan

Smart sensors with advanced artificial intelligence (AI)- and machine learning (ML)-based data analytics platforms are on the rise in the global water sector as they require minimal maintenance or human interference. The pandemic has further highlighted the sector’s technological need following disruptions and a labor shortage during lockdowns.

Medical Devices to Revolutionize with the Integration of Cloud, IoT and AI for Improved Patient Outcomes, Finds Frost & Sullivan

The technology developmental trend for pipeline therapeutic medical devices is shifting towards manufacturing portable, lightweight, and easy-to-use devices for patients, allowing for use in home settings. The integration of these devices with digital technologies aims to increase patient engagement and improve the treatment outcome.

Level 1 and 2 Autonomous Truck Sales to Reach 1.1 Million Units By 2040 in North America and Europe, Finds New Analysis From Frost & Sullivan

Frost & Sullivan’s recent analysis maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.

10% of Organizations Achieve Significant Financial Benefits With AI — Those That Do Deploy Multiple Human-Machine Learning Approaches, New Study From BCG Finds

Despite increased investment, only 10% of organizations are achieving significant financial benefits with AI. The role of mutual learning between humans and machines is often underestimated in generating value from AI. Those companies that draw on multiple types of interaction and feedback between humans and AI are 6X times more likely to amplify their success.

Robotic Process Automation Market to Exhibit a 24.9% CAGR by 2027, Finds Fortune Business Insights

The global robotic process automation (RPA) market is expected to gain momentum by reaching $6.10 billion by 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning that drives the demand for modern robotic process automation.

60% of B2B Sales Organizations Will Transition to a Data-Driven Selling Approach By 2025, Finds Gartner

By 2025, 60% of B2B sales organizations will merge their sales process, applications, data, and analytics into a single operational practice. Driven by the movement to multi-experience selling, B2B buyers now prefer to engage with suppliers through digital and self-service channels.

Data Science to Accelerate Drug Discovery with Artificial Intelligence and Machine Learning, Says Frost & Sullivan

Frost & Sullivan’s recent analysis finds that data science tools are promising technologies transforming drug discovery costs, speed, and efficiency. When combined with other emerging tech areas, artificial intelligence (AI) technologies move to the next phase of advancements.

IoT Machine Learning and Artificial Intelligence Services to Reach US$10.6 Billion in 2026, Says ABI Research

The value of data is increasing, and that value is stimulating the Internet of Things (IoT) Advanced Analytics Market, with the emergence of accessible out-of-the-box and off-the-shelf machine learning (ML) and artificial intelligence (AI) solutions.Vendors are now easing access to ML and AI toolsets by expanding availability through deployment options that include the edge, on-premises, cloud, Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS). Global tech market advisory firm, ABI Research, finds that the IoT ML and AI market will reach US$1.09 billion in 2020 and grow to US$10.6 billion in 2026.

Nicholas CooperSeptember 15, 2020IoT applications, IoT services, machine learning, IoT Security

Customer Experience Outsourcers Launch Intelligent and Self-service Options to Improve Business Outcomes in Europe, Observes Frost & Sullivan

Outsourcers are increasingly relying on advanced technologies to meet client requirements in the customer experience (CX) outsourcing services industry. The European market is mature and characterized by demands for specific languages, cultural affinity, and nearshoring. COVID-19 has adversely affected the industry in 2020 and Frost & Sullivan expects total market revenue to reach €16.23 billion, a 7.5% decline.

Melissa FisherAugust 14, 2020customer experience, machine learning, service providers, Cybersecurity

AI Adoption Being Driven by Improved Customer Experience, Greater Employee Efficiency, and Accelerated Innovation -- IDC

More than 2,000 IT and line of business (LoB) decision makers confirms that adoption of artificial intelligence (AI) is growing worldwide, as shown by a recent survey conducted by the International Data Corporation (IDC). Over a quarter of all AI initiatives are already in production and more than one third are in advanced development stages, and organizations are reporting an increase in their AI spending this year.

Most PopularStaff ReportsJuly 9, 2020artificial intelligence, machine learning, IT, AI, ML, automation

Machine Learning in Manufacturing Market Expected to Grow at a High CAGR Through 2025 -- ARC

Machine Learning in Manufacturing Market was valued at significant market size, growing with a CAGR surpassing 42%. According to research from the Analytical Research Cognizance (ARC), this high CAGR is expected to continue in the forecast period of 2020-2025.

Most PopularStaff ReportsJune 30, 2020machine learning, Machine Learning, Smart Manufactring

Amidst COVID-19, A New Airline Industry Forcast Estimate a $460 Million Decrease in Airline IT Revenues by 2025 -- Frost & Sullivan

Frost & Sullivan’s recent study, Analysis of the Global Airline IT Market, Forecast to 2025, finds that the increasing expectations of passengers are compelling airlines to embrace digital enablers and propelling a digital transformation journey that will fundamentally change traditional airline information technology (IT) strategies. Impacted by the COVID-19 pandemic, the airline IT market is estimated to generate a revenue of $20.74 billion by 2025, compared to $21.20 billion in 2019. As per the original forecast, by 2025, the market was estimated to reach $25.1 billion from $21.20 billion in 2019.

Spending on Artificial Intelligence Systems in the Middle East & Africa to Top $374 Million in 2020, IDC Says

Spending on artificial intelligence (AI) systems in the Middle East and Africa (MEA) is expected to maintain its strong growth trajectory as businesses continue to invest in projects that utilize the capabilities of AI software and platforms, according to the latest forecast from International Data Corporation (IDC).

Worldwide Spending on Artificial Intelligence Systems Will Be Nearly $98 Billion in 2023, According to New IDC Spending Guide

Global spending on artificial intelligence (AI) systems is expected to maintain its strong growth trajectory as businesses continue to invest in projects that utilize the capabilities of AI software and platforms.