Search results for: 'traceabl time'

This paper examines how various individuals will spend their free time in the year 2030. This is a particularly relevant area of inquiry at a time when many questions have been raised on the impact on free time from evolving technology such artificial intelligence (AI) and augmented and virtual reality (AR/VR). This paper provides a definition of f...

Rapid technology advancements and rising customer expectations have disrupted the global retail industry in the past decade. Outdated retail store concepts, new generations of consumers, and new points of commerce (voice commerce, for example) have also disrupted the industry; however, COVID-19 has been the key disruptor. After the pandemic, retail...

A fundamental shift in consumer behavior has urged retail businesses to establish an omnichannel presence and rethink strategies. Growing inclination toward retail digitization and ultrafast order delivery drives the hyperlocal business model. About 68% of online shoppers prefer buying from platforms that offer fast shipping. In such a highly compe...

No economy, industry, or businesses has been spared from the effects of the novel coronavirus (COVID-19). Some industries have naturally been affected more than others and the impacts have been on a larger scale. Major economies were already experiencing a slowdown due to other factors and this global pandemic has only added to the distress, hasten...

From a $1.90 trillion market in 2015, the global halal economy will expand to an approximate $4.60 trillion economy by 2030 under a baseline scenario, potentially reaching $4.96 trillion under an optimistic scenario. Aside from Organization of Islamic Cooperation (OIC) member countries, growth opportunities will increasingly emerge across non-OIC m...

Designing existing system whenever a company manufactures products is time consuming and a complex tasks for executives in addition to other factors that impact successful product launch. Modular production system greatly simplifies production setup processes . This allows companies to focus more in the product delivery in its other key compete...

18 Mar 2021  |  Global  |  Market Research

Digital Twins in the Power and Utilities Industry

Decentralization and Decarbonization Will Drive Adoption across Power Generation, Transmission and Distribution, and Storage and Utilization Segments

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Decentralization, digitization, and decarbonization are transforming the global power and utilities industry. Of these three trends, digitization is the core enabler for decarbonization and decentralization in the industry, disrupting how electricity is produced, stored, distributed, and consumed by end users. Digitization also opens numerous new g...

Aging population, urbanization, and decreasing fertility rates have ushered major shifts in family structures the world over. More people are choosing to live in cost-effective, easily available, single-occupancy units in highly urbanized areas. With more women entering the labor force, government policies and strategies are focusing on gender-equa...

With the advent of Industry 4.0 and smart factories, digital manufacturing technologies have been experiencing exponential technological growth. Disruptive technologies are playing a vital role in the revolutionary transformation of many key industries, such as aerospace, automotive, industrial automation, healthcare, and oil and gas. 3D printing, ...