Geotab, a global provider of IoT and connected vehicles, has launched its new tool, data.geotab.com. Aiming to empower organisations and local authorities in the development of smart cities, data.geotab.com grants public access to (more…)
July 9, 2018
Posted by: Zenobia Hegde
Zededa, a start-up powering the real-time enterprise, announced early access to its platform that provides real-time apps a simple “on-ramp” to the cloud-native edge.
July 6, 2018
Posted by: Zenobia Hegde
The digital marketing challenger agency, QueryClick, has released The CMO Performance Report 2018, which has found a significant number of retailers plan to invest in transformative technology including machine learning and voice search to enhance their digital marketing campaigns. (more…)
July 5, 2018
Posted by: Zenobia Hegde
In the recent times, the global Internet of things (IoT) at workplace market witnessed tremendous growth, thanks to the increasing adoption of IoT at workplace technology among consumers due to various benefits it offers, such as the lowered power consumption and reduced cost for an extended coverage area. According to Transparency Market Research (TMR), the global market is expected to continue witnessing high growth.
Increasing Penetration of Technology to Support Market’s Growth
The increasing penetration of technology, even to the remote areas, is the main factor that is influencing the market for IoT at workplace across the world. The rising uptake of IoT at workplace for infrastructural development and the construction of smart cities is also boosting the growth of this market substantially. The augmenting awareness level of consumers regarding the benefits of IoT at workplace technology, such low power consumption, lower cost of components, easy deployment into existing cellular network, excellent extended array in buildings and underground, and the escalated reliability and network security, is likely to support this market in the years to come.
Demand for Energy Management Systems for Workplace Use to Remain High
Smart lighting, energy management systems, security and access control, HVAC control, audio video conferencing system are the main products of IoT at workplace. Among these, the energy management systems segment is reporting the most prominent growth in the global market. This growth can be attributed to the increasing uptake of IoT at workplace technology across a number of industry verticals. However, the security and access control segment is likely to surpass the energy management systems segment in terms of growth rate over the next few years.
North America to Continue at Top
North America, Asia Pacific, Europe, the Middle East and Africa, and South America are the main geographical segments of the global IoT at workplace market. North America, among these, has surfaced as the key contributor to the global market, owing to the presence of a large pool of leading market players. The early uptake of IoT at workplace in this region has also aided the Europe market for IoT at workplace considerably.
Amongst other geographical segments, Asia Pacific has emerged as the most promising regional market for IoT at workplace. This regional market is likely to expand at an exceptional CAGR, thanks to the increasing government investments for the modification of current locales into smart cities.
The leading players, such as ABB Ltd., Cisco Systems Inc., Crestron Electronics, Honeywell International, and various others, are increasing focusing on regional expansion for the development of their business. Partnerships and collaborations are also being taken up by these players to strengthen their position in the global IoT at workplace market.
For more market insights, Get Brochure Report: IoT at Workplace Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Posted by: IoT global network
A new report from Juniper Research has found that the adoption of chatbots across the retail, banking and healthcare sectors will realise business cost savings of $11 billion (€9.42 billion) annually by 2023, up from an estimated $6 billion (€5.14 billion) in 2018.
The research found that these cost savings will be derived from the reduced amount of time spent on customer service enquiries. Using chatbots, businesses will dramatically cut response and interaction times via phone and social channels. It forecast that consumers and businesses combined will save over 2.5 billion hours by 2023 in these sectors.
Retail to cash in on chatbot invasion
The new research, Chatbots: Banking, eCommerce, Retail & Healthcare 2018-2023, found that the retail sector will gain the most benefits from chatbot technology, with Juniper estimating that by 2023 over 70% of chatbots accessed will be retail-based.
It highlighted both customer service and eCommerce as key use cases, although cautioned that greater investment in chatbot functionality will be required to meet consumer expectations. In that context, Juniper forecasts that improvement in AI, as shown recently by Google’s Duplex, to create a more personable user experience would be fundamental in creating a ‘pull’ factor for chatbots.
Juniper cited benefits such as cost savings, up-selling, marketing and cart recovery as major retailer chatbot ‘push’ factors. Retailers will take advantage of these opportunities; propelling chatbot implementation and driving eCommerce transactions via chatbots to reach $112 billion (€95.96 billion) by 2023.
Chatbot integration future of apps
The research found that whilst messaging applications have been the first platforms on which chatbots flourished, chatbot-enabled apps in use will greatly increase as many retailers, financial institutions and healthcare providers integrate the technology into their dedicated apps.
By 2023, Juniper forecasts that over 50% of the chatbots accessed will be through discrete apps, with complete bot integration overturning the make up of current app functionality.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
For more market insights, download the free whitepaper: ‘How Chatbots will Transform the Retail Industry’.
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July 4, 2018
Posted by: Zenobia Hegde
Medopad, a UK-headquartered health-tech company is expanding into the USA. The company will be taking up a new office in the heart of New York City at Johnson & Johnson’s (J&J’s) new JLABS office. As part of the USA launch, Medopad will hire top healthtech talent before the end of the year.
July 3, 2018
Posted by: Zenobia Hegde
Delta, a global provider in power and thermal management solutions, announced its Datacentre Infrastructure Solutions for cloud and edge data centres are on display at the world’s leading digital innovation tradeshow, CEBIT 2018, to serve as the very foundation of the digital economy — the focus of CEBIT 2018. (more…)
Posted by: Zenobia Hegde
Talend, a global provider in cloud integration solutions, announced that it has named Mark Nelson to its board of directors. Mr. Nelson has more than 25 years of experience in software development, engineering, and SaaS infrastructure (more…)
Posted by: Zenobia Hegde
Orange Romania, alongside its technological partners, Samsung and Cisco, are announcing the results of the first 5G multi-ventor Fixed Wireless Access (FWA) test performed in real environment conditions. (more…)
Posted by: Zenobia Hegde
Wearables are experiencing one of the longest gestational periods of any technology. For a long time, says Rufus Grig, CTO of Maintel, gadgets like Google Glass and the Apple Watch were perceived by many as being a bit “emperor’s new clothes”: intriguing conceptually, but disappointing functionally. (more…)
Posted by: Zenobia Hegde