The modern enterprise only uses about 5% of the data it generates. With so much vital information flying under the radar, companies are not always making the best business decisions. This challenge will only worsen if you do not adopt a data fabric.
The International Manufacturing Technology Show (IMTS) 2024 marked another milestone in innovation, with exhibitors showcasing advancements across robotics, Artificial Intelligence (AI), data integration, cloud computing, and more. The usual big names were there to show the world what they’ve been up to, but they were accompanied by smaller startups hoping to make a big splash. The technological breakthroughs on display in Chicago this year embody the innovative spirit the manufacturing industry requires to address an aging workforce, increased demand, and supply chain complexities.
Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.
Enterprise data fabric is gaining significant attention in today’s digitally-driven world as enterprises require a holistic approach to data storage and integration. As enterprises introduce more technologies to their operations, their data generation will continue to increase. This makes collating, storing, and contextualizing data more challenging. An enterprise data fabric unifies data across departments and business units, enabling users to draw connections that would otherwise go unnoticed.
Manufacturers are expected to spend roughly US$751 million on private 5G in 2024. Growing at a robust Compound Annual Growth Rate (CAGR) of 55.9%, that number will surpass US$9 billion by 2030.
A key theme at MWC 2024 was sustainability, and reducing energy costs is now a key concern and priority for all mobile operators. Although the discussion nowadays focuses mostly on active antennas and how network operators can deploy 5G, most global networks are still powered by passive antennas, which are also following sustainability enhancements. These are now referred to as “high-efficiency” antennas, highlighting that their design, manufacturing, operation, and technology are taking sustainability into account. These antennas have recently taken a significant step toward being adopted in the mainstream, from previously being discussed as a theoretical concept. These traditional passive antennas have inherent energy losses, achieved through both their design and the manufacturing process, which all add to increased energy output, and thus more Carbon Dioxide (CO2) emissions. With base stations and their attached antenna units totaling 57% of all electrical power consumption in the passive antenna network, this is a key area for vendors to target in reducing their energy output while increasing their Radio Frequency (RF) efficiency.
ABI Research will attend the Hannover Messe 2024 exhibition in late April to evaluate the most transformative technologies shaping the industrial markets. This article shares our analysts' predictions for the event. Before we get to those expectations, here is a word from ABI Research Chief Research Officer Stuart Carlaw.
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.
The modern enterprise faces significant macroeconomic challenges, with high inflation, rising energy and production costs, and widespread labor shortages affecting operations. To overcome these challenges, enterprises are further digitizing, taking advantage of everything from Augmented Reality (AR) to the Internet of Things (IoT). These high-bandwidth applications require a formidable connectivity backbone, making 5G deployments a key enabler of digitization. 5G promises big connectivity upgrades for enterprises, supporting Enhanced Mobile Broadband (eMBB), Enhanced Ultra-Reliable Low Latency Communication (eURLLC), and Massive Machine-Type Communication (mMTC).
Market research goes hand-in-hand with maximizing profits at a business enterprise. Whether you’re a vendor or an enterprise implementer of a new technology, in-depth, data-backed intelligence can safely guide your organization toward sustained success. Technology research deliverables identify potential roadblocks and lucrative revenue opportunities for organizations, while giving you a reliable partner to consult with when questions about your respective market inevitably arise. Take, for example, the technology market research case studies we recently compiled, showcasing how our forward-looking methodologies help some of our biggest clients with their digitization journeys. In this blog post, let’s review four of these case studies to give you a better idea of what kind of results you can expect from ABI Research as a technology intelligence partner.