Search results for: 'Beyond ChatGPT: Understanding the Impact of Large Language Model Driven Generative AI'

12 Jun 2020  |  Global  |  Megatrends

2025 Vision: Future of Pumps in a Connected World

Innovative Business Models Centered Around Services are Expected to Unlock New Revenue Streams for the Pumps Industry

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This study forecasts the future of the pumps industry amidst the onset of a new wave of digitalization and the Industrial Internet of Things (IIoT). The changing market conditions influenced by demand-supply shock, oil price volatility, political tension, and shift in customer preferences are making pump manufacturers revisit their value propositio...

Millimeter wave (MMW), a mature technology has been recently adopted for exploring different applications across industries. The future of MMW technology and its market implications will be determined by the breadth and depth of its application potential and its ability to unleash a whole new world of application segments and opportunities. From of...

27 Aug 2020  |  Global  |  Market Research

Smart Labs as Key Drivers for the Digital Transformation of Diagnostic Laboratories, 2020

Robotic Automation, Internet of Things (IoT), and Artificial Intelligence (AI) Offering Growth Opportunities for Academic and Commercial Diagnostics Labs

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Diagnostic academic and commercial research labs suffer from cost pressures, given the ongoing Protecting Access to Medicare Act (PAMA) regulations and reproducibility issues, and are under productivity strain. The recent COVID-19 pandemic leading to increasing test volumes and renewed focus on research and development (R&D) to drive innovation wil...

23 Aug 2022  |  Global  |  Market Research

Growth Opportunities for Digital Twins in Manufacturing

Next generation Digital Twins Enabling Transformational Growth in Industrial Manufacturing

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Digital twins (DTs) are not a novelty. Different industry verticals have been benefiting from DTs for decades. However, technological enablers such as artificial intelligence, blockchain, and 5G are expanding the limits of DTs and opening up the concept. The next generation of plants and factories are starting to demonstrate success in complementi...

The proportion of generator sets used in the major applications of peaking, back-up, and prime power is continually changing. While back-up (includes stand-by and emergency power) is the most common application, different market segments have varying proportions and growth for each application.

The COVID-19 pandemic marked a major global change that transformed manufacturing. Political tensions, such as the US-China conflict and the Russo-Ukrainian War; economic uncertainties, such as high inflation rates and de-dollarization initiatives; and continuous supply chain disruptions have forced manufacturers to invest in technology to secure r...

30 Apr 2021  |  North America  |  Market Research

Sentiment Analysis Tools are Redefining the Global Voice of the Customer (VoC) Market

Sentiment Analysis Enhances Business Intelligence and Opens Up Extraordinary Opportunities to Improve the Customer Experience

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Well-established businesses receive massive amounts of feedback every day, and this is obtained through eCommerce platforms, customer support calls, emails, social media platforms, bots, and chats. This presents companies with a substantial opportunity to collect large amounts of customer data and enhance market intelligence. Voice of the custome...

New Zealand's contact center applications market generated revenue growth of 4.5%, with market revenue of $14.8 million in 2019 driven by technology up-gradation, cloud migration, and adoption of new technologies including analytics, automation, and self-service applications. The market is projected to grow at a Compound Annual Growth Rate (CAGR) o...

The next 5 years will be a defining period for global commodity markets, shaped by geopolitical upheavals, trade restrictions, and technological advancements. Supply chain disruptions—from sanctions on Russian oil and gas to Red Sea shipping bottlenecks—are driving volatility across key commodities, while protectionist policies, including US tariff...