Deep dive into the Trend 4 of the Technology Vision 2015 - Intelligent Enterprise - and discover software that propels innovation throughout the business and enhances the customer experience.
9. Enterprise Commitment
Business and technology leaders must view
software intelligence not as a pilot, but as an
across-the-board functionality
#TechVision2015
Improvements in deep-learning and cognitive-computing technologies are driving enterprise adoption. Advancements in more human-like qualities, such as speech and image recognition and reasoning capabilities, are enabling companies to answer unclear and undefined questions better and faster than ever before.
Unprecedented data volumes: IDC predicts that by 2020, there will be more than 40 zettabytes of data, 35 percent of which will be considered useful for analysis (up from 22 percent in 2013).ii
Decreasing cost of storage: Counteracting the rapid growth of data is the plummeting cost of storing it, enabling companies to maintain vast data lakes that can later be used to uncover analytical value. Over the past 30 years, the cost per gigabyte of hard disk data storage has halved every 14 months, from more than $400,000 in 1980 to $0.05 in 2013.iii
Virtually unlimited compute power: Companies can analyze big data at scale because they now have access to incredible compute power, largely due to the availability of cloud services. IDC reports state that revenue from public cloud services grew at double-digit rates to reach $45.7 billion in 2013 and will grow at a compound annual growth rate (CAGR) of 23 percent through 2018.iv