Remove 2030 Remove Digital Transformation Remove Predictive Analytics Remove Strategy
article thumbnail

Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

With its vast assortment of sensors and streams of data that yield digital insights in situ in almost any situation, the IoT / IIoT market has a projected market valuation of $1.5 trillion by 2030. trillion by 2030.”. Now things are the Internet.”. RFID), inventory monitoring (SKU / UPC tracking).

article thumbnail

Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Meanwhile, the digital twin market is set to grow at a 50% compound annual growth rate, reaching $184.5 billion by 2030. For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Six EAM trends pushing the oil and gas industries forward

IBM Big Data Hub

through 2030. More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9%

article thumbnail

How to choose the best AI platform

IBM Big Data Hub

trillion to the global economy in 2030, more than the current output of China and India combined.” Additionally, it’s crucial to consider the deployment and usage strategy for your AI platform. AI plays a pivotal role as a catalyst in the new era of technological advancement. trillion in value.