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5 Astonishing Key IOT Statistics to know in 2022

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These days “Internet of Things” is one of the most significant technological advancements. While the term “internet” initially referred to the large-scale networking of computers, it today refers to the fact that things of all sizes and shapes, from automobiles to household appliances to industrial gear, are linked and sharing information digitally.

The worldwide coronavirus epidemic, like every other element of our life, has definitely influenced how this trend is evolving and affecting our lives. In a future where human interaction is restricted for the time being, touch between technology, tools, and toys might help us stay connected.

So, here’s my prediction for 2022, along with some of the ways we may expect to see this worldwide trend express itself and play a bigger role in how we work, live, and play.

IoT Investment in Healthcare is Expected to Increase

Smart wearables, sensors, and linked gadgets will continue to revolutionize healthcare delivery, from telemedicine to automated home support for the aged and disabled. It will also be used to avoid needless interaction in circumstances where the danger of viral contamination is great, such as nursing homes and hospital infectious disease units.

The number of “virtual visits” or online meetings with healthcare professionals in the United States was initially estimated to reach 36 million, demonstrating how the ongoing epidemic has expedited the adoption of the tech-driven healthcare revolution. In actuality, that number is on track to approach one billion by 2022, and this rising trend will undoubtedly continue once infrastructure and patient knowledge of the benefits are in place.

  • The following are five IoT statistics to keep an eye on in 2022
  • The 5 Most Important Technological Trends to Watch in 2022
  • In 2022, four major trends in artificial intelligence (AI) will emerge.

Devices that assist the elderly age in place longer are seeing brisk sales. This will include artificial intelligence (AI) technology that can detect falls or changes in daily routines and warn carers or healthcare practitioners that help may be required. Adapting to the issues raised by Covid-19, the same technology may be used to identify whether the health of people who may be isolating themselves at home rapidly deteriorates since the illness can commonly leave people unable to seek care on their own within hours.

WFH is more Productive as a Result of IoT

Working from home has become the new normal for many in the information economy due to safety concerns about large crowds in offices and metropolitan locations. The development of new technology to assist us in staying organized while working from home is only a question of time. Many of our homes already have AI-powered personal assistants like Amazon Alexa. As a result, calendar and scheduling systems will become more intelligent, and video conferencing and virtual meeting technology will improve quality and engagement. Microsoft’s Virtual Stage platform, which also uses Azure Kinect sensors, uses AI-powered presentations to engross us in the information further.

It means that assets can be better monitored remotely, giving companies the peace of mind that automated machinery will continue to work and alerting human engineers or maintenance personnel when their intervention is needed when they still require physical presence, as is the case with most manufacturing, industrial, and logistics operations.

Internet of Things (IoT) in Retail: Making Shops and Supermarkets Safer and More Efficient

The coronavirus has badly impacted the brick-and-mortar retail industry. The advent of internet retail has made it possible to temporarily shut down numerous non-essential businesses while causing less damage to our daily lives, as we witnessed in the early days of this pandemic. Food and medication distribution centers, on the other hand, must stay open to meet the fundamental requirements of the local people.

Next year, we may anticipate innovative models like Amazon’s fully automated supermarkets to find a new function by reducing the need for non-vital human connection while supplying our houses with food and other necessities. The number of fulfillment centers that make use of Internet of Things (IoT)-enabled devices will rise at an exponential rate as well. Contact-free payment methods will become more common as we move closer to the so-called “cashless society,” which has been projected to arrive for some time now and will present its own set of problems.

RFID tags will be used in retail to track client movements, among other things. As in the past, this data will be used to inform choices about inventory placement and replenishment by tracking how and when consumers engage with displays and goods on the shelves. Due to the changes in society this year, it will now be more utilized to measure social distance and safeguard against overcrowding in particularly crowded sections of supermarkets, shopping malls, and stores.

City-Scale Internet of Things

For a while now, the term “smart city” has been gaining traction due to the increasing use of Internet of Things technology to monitor traffic on road networks, public transportation use, footfall in pedestrianized areas, and the use of civic amenities like recycling centers and refuse collection. Smart meters keep track of how much energy is being used in homes and businesses, allowing the supply to be adjusted to match peak demand while also preventing waste.

We should expect a significant increase in municipal spending on digital capabilities in the next year, allowing them to make greater use of new technologies as they become available. As the world changes, this will become increasingly important. IoT technology will help authorities and businesses better understand and plan safety measures and emergency response strategies for public transportation, city center offices, and recreational facilities such as leisure centers and parks, all of which face increased safety concerns due to the proliferation of people and things online.

Embedded Internet of Things (IoT)

Finally, because of Covid, edge computing is a powerful trend that won’t go away very soon. In line with the other developments discussed here, the transformation it allows will be more relevant than ever before, most likely resulting in a faster adoption rate and innovation.

Edge computing, which conducts this work on the devices themselves, eliminates the need to send data collected by IoT devices to the cloud for analysis and insight extraction. Saving a lot of bandwidth has clear economic and environmental benefits. After Covid, privacy and data stewardship will still be critical considerations. For example, epidemic detection and contact monitoring rely on compassionate data such as health or location.

30+ Amazing Machine Learning Statistics and Facts in 2022

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The study of computer algorithms that learn by analyzing data is referred to as machine learning. Artificial intelligence includes machine learning, which is considered a subset of AI. Surveys and market research are the most effective ways to comprehend the entire picture of the machine learning market since data may provide metrics ranging from the industry’s value to its difficulties.

Being a leading machine learning consulting services company, we offer ML expertise to generate tailored, easy-to-use models that act fast and have scalable features. EES’s full suite of machine learning strategies & implementation services delivers digital innovation.

This article is a compilation of 30 current machine learning-related data culled from reliable organizations’ surveys and research. However, AI, AutoML, and even chatbots are related markets with data that overlaps with machine learning. If you’re interested in these themes, feel free to look at the following articles:

You’ll discover machine learning statistics in this article:

Market Predictions

  • During the projection period, the machine learning market is anticipated to expand at a CAGR of 44 percent, from $1 billion in 2016 to $9 billion by 2022.
  • The global machine learning market was valued at $8 billion in 2021 and is anticipated to reach USD 117 billion by 2027, growing at a 39 percent CAGR.

Adoption in the Market

More organizations are adopting machine learning models as C-level executives become more aware of the benefits that machine learning investments may provide:

According to the Refinitiv AI/ML Survey,

  • 46% of respondents have used machine learning in several areas and consider it essential to their organization.
  • ML has been deployed in pockets by 44% of respondents.
  • 10% of those polled are experimenting and putting money into infrastructure and people.
  • North America (80 percent) is the most advanced in terms of machine learning usage, followed by Asia (37%), and Europe (37%). (29 percent )
  • A machine learning model isn’t used by 55% of organizations.
  • During the first quarter of 2021, a total of $29 billion was allocated to machine learning throughout the world.
  • Budgets for machine learning projects are typically increasing by 25%, with the banking, manufacturing, and information technology industries seeing the most significant increases this year.
  • For 20% of C-level executives, machine learning is a critical component of their business (across 10 countries and 14 sectors)
  • The external investment was anticipated to amount between $8 and $12 billion in 2016. Machine learning was responsible for around 60% of the entire investment. Machine learning is a critical enabler for a wide range of other technologies and applications, such as robotics and speech recognition.

Talent for Machine Learning

  • Job titles dedicated to machine learning are already commonly employed in firms with substantial expertise in machine learning, according to O’Reilly: data scientist (81%), machine learning engineer (39%), and deep learning engineer (20 percent ).
  • According to Kaggle, just 4.5 percent of self-identified data scientists or data researchers in the United States work exclusively as machine learning engineers. (Kaggle)
  • According to Thinkful, the average yearly income of a full-time data scientist in the United States will be $120,000 in 2021.
  • On Monster.com, the three most in-demand talents are machine learning, natural language processing, and deep learning.
  • Between one and ten data scientists are employed by half of the respondents’ firms. This is a decrease from 2018 when 58 percent of businesses reported employing one to ten data scientists.
  • In 2018, 18% of businesses had 11 or more data scientists on staff. However, by 2021, that figure will have risen to 39%, indicating that firms are increasing their hiring efforts in order to develop a larger data science team.
  • The number of data scientist positions on LinkedIn rose by more than 650 percent between 2012 and 2021.

Netflix has saved $1 billion as a result of its machine learning system, which helps customize content suggestions for its customers.

In today’s contemporary world, machine learning, automation, and artificial intelligence are gaining traction by the minute, especially as corporations invest significant sums of money in deploying these disruptive technologies.

The proven accuracy of machine learning in identifying COVID-19 patient death was 92 percent.

Machine learning is quickly becoming a standard part of how businesses operate, and over the next decade or two, it may be as accessible as smartphones are now.

Machine Learning Statistics in General

  • The global machine learning market is booming, owing in large part to all of the money being put into it by the world’s biggest corporations.
  • Machine learning has a 62 percent success rate in predicting stock market highs and lows.
  • When consumers and businesses realize that machine learning can help them make a lot of money on the stock market, this technology will see a surge in new financing and investments.
  • Google Translate witnessed a 60% reduction in error rates after using a machine learning-powered translation engine.
  • GNMT is a translation algorithm used by Google Translate to eliminate 60% of all errors.
  • Google’s Deep Learning ML machine learning engine is 89 percent accurate in detecting breast cancer.
  • It’s no surprise that machine learning is fast intruding on many sectors of the healthcare business, given its wide range of applications.
  • Around 80% of those who have used machine learning and artificial intelligence say their income has increased as a result of their use of these technologies.
  • Machine learning and AI will almost likely become mainstream in the corporate sector if the numbers continue to increase.

10+ Fintech Statistics & Facts for 2022

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Fintech (financial technology) is a word that refers to cutting-edge digital technology that aims to improve financial services and banking. In the financial industry, cutting-edge advancements like blockchain and artificial intelligence are ushering in new methods of conducting business. Digital currencies, banking, insurance, personal loans, and wealth management are just a few of the industries that are undergoing a digital makeover.

The financial sector has been buzzing for the past five years about the disruption fintech companies are making by offering consumers alternatives to established solutions. The tide is turning, according to statistics. Established businesses are more aware than ever of the possibilities and importance of these new technologies.

The financial technology sector is one of the fastest-growing in the world, with an average annual growth rate of over 25%. According to the most recent fintech data, the industry will be worth over $310 billion by 2022 if current trends continue. So, while fintech isn’t yet among the top ten worldwide revenue industries, it’s on its way. Is investing in fintech a smart idea? What are the top fintech companies? All of the answers, as well as some additional nerdy info, can be found here.

Fintech Statistics

  • A large percentage of traditional financial firms (88 percent) expect part of their income to be lost to independent fintech firms during the next five years.
  • In the first half of 2020, fintech businesses received $25.6 billion in funding from around the world.
  • digital banking is gaining traction: 46% of consumers only utilise digital channels for their financial transactions.
  • To enhance client retention, 77 percent of conventional financial institutions aim to expand their attention on innovations.
  • Digital payments’ overall transaction value increased from $4.1 trillion in 2019 to $5.2 trillion in 2020.
  • From $4.1 trillion in 2019 to $5.2 trillion in 2020, the overall transaction value of digital payments increased.
  • Investors who want to capitalize on emerging trends — i.e., electric vehicles or remote work — may want to check out “thematic” exchange-traded funds. These ETFs provide a way for investors to engage in so-called thematic investing, which generally means buying stocks or other investments that may benefit from a particular trend (source)

By 2022, the Fintech Sector is Estimated to be worth $310 Billion

In 2018, the industry garnered $128 worth of investment from throughout the world. Experts predict that the industry’s compound annual growth rate (CAGR) will be 25%. In other words, $310 billion is expected to be invested in the sector by 2022. In 2018, fintech businesses got more than half of the $254 billion in yearly venture capital financing.

By 2022, North America will have the most Financial Startups

North America has the most fintech startups, whereas Asia has the most revenue-generating fintech businesses. There are 8,775 financial services startups in North America, according to statistics. There were 7,385 people in EMEA (Europe, the Middle East, and Africa), and 4,765 in APAC. (Asia-Pacific). It’s amazing to observe how the number of fintech companies has skyrocketed by 2020. In North America, Europe, and the Asia Pacific, respectively, there were about 5,600, 3,500, and 2,800 newly founded fintech in 2018 and 2019.

There are 79 Unicorn Fintech Firms throughout the World as of January 2021

A unicorn company is a privately owned firm with a market value of $1 billion or more. Decacorns are valued at over $10 billion, while hectares are valued at over $100 billion. As of the beginning of 2021, there were over 500 unicorn firms valued at a total of $1,780 billion. According to data, six new fintech unicorns earned this prestigious status in January 2021.

The Global X Fintech ETF’s Per-Share value more than Quadrupled from $15 in 2016 to $47 in 2022

Investors can have access to fintech investment opportunities through the Global X Fintech fund. The stock’s share price and overall health have been steadily rising in value, with no signs of decreasing in the near future.

Stripe, Located in San Francisco, is the most Valuable Financial Technology Company in the United States, with a Market Capitalization of $35 Billion.

Stripe began as a payment processing service for small businesses in 2011. Among the company’s current clients are Facebook and Amazon. As a result of these high-profile hires, Stripe’s value has climbed to $35 billion.

Ripple, a $10 billion payment protocol and exchange network provider, is the second-largest company, with a market valuation 3.5 times that of the next-largest company.

By 2022, Artificial Intelligence will have saved the Insurance Sector $1.3 Billion.

Fintech’s disruptive potential has generated a lot of discussions. Artificial intelligence plays a major role in this. Computers can automate post-accident data collection, analyze photos of accident scenes, and perform a number of other activities in the insurance industry, allowing insurers to handle claims faster and for less money. Savings of $1.3 billion are expected by 2021.

By 2022, Digital Wealth Management Firms with a Retail Focus are Anticipated to have $600 Billion in Assets under Management

The majority of this expansion has come from existing financial institutions. This is due to the fact that emerging fintech businesses frequently provide low- or no-fee stock trading and robo-advisor services, resulting in lower profit margins.

Established businesses are also beginning to adopt this business model, thus the future of these startups is questionable.

Asian Businesses have a Long Track Record of Success Across the World

Because most worldwide leaders are headquartered in Asia, it appears that the Asian market dominates the global financial technology sector. With a $16 billion value, Paytm deserves to be mentioned among the finest. The online payment method originated in India and has recently grown in popularity. With a $14 billion value and investors such as SoftBank and Uber, Grab is another worldwide leader. Grab is a ride-hailing, food delivery, and digital payment service company founded in Singapore.

According to global fintech statistics, GoJek, which is based in Indonesia, is another of the top fintech companies. This ride-hailing and online payment firm have received a $12 billion valuation. No fintech, on the other hand, comes close to the Ant Group of China. Remember this name the next time you’re curious about the world’s largest Fintech firm. It has a current market capitalization of $131 billion dollars. This comes as no surprise given that the Ant Group owns Alipay, the country’s largest digital payment network with over a billion users.

Deloitte vs Cognizant: Consulting and Services Comparison 2022

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Deloitte vs Cognizant

Deloitte tech solutions is a multinational service network company that provides services to individuals and organizations. It has offices in over 150 countries around the world. William Welch Deloitte formed this firm in 1845 in London. With time, it spread in different countries around the world. The people of Deloitte work across the business and industry sector that defines today’s marketplace.

EES’s cloud computing consulting services have the aim of helping companies to migrate apps and sensitive databases to secure and scalable cloud infrastructure and accomplish maximum cost-effectiveness.

Cognizant is an American-based globally known technology company that provides services relating to business consulting, digitalization, security, cloud-enabling, and outsourced sourcing.

Services provided by Deloitte

It provides services like consulting, audit and assurance, risk and financial advisory, tax and legal services globally. Most of the services are mentioned below:

Audit and Assurance

There’s a lot more to auditing than just numbers. It’s about recognizing triumphs and challenges while also assisting in establishing solid foundations for future goals. Deloitte clarifies the what, how, and why of change so you may always be prepared to act.

Resource Evaluation & Advisory

The Resource Evaluation & Advisory practice of Deloitte has the experience and knowledge of the global energy industry to help the customers strategically grow their businesses through mergers, divestitures, and acquisitions at all stages of the business cycle.

Consulting

There are numerous approaches to achieving innovation, transformation, and leadership. It’s crucial to be able to address complex problems. From strategy formulation through execution, Deloittes can work together to help you design, deliver, and run your business, wherever you compete, using cutting-edge technologies like Cloud and cognitive.

Risk Advisory

In this speedy world of technology, things can change overnight. In this technological world, Deloitte tells you how one can survive and helps in dealing the uncertainties. It helps in growing and sustaining your business.

Financial Advisory

Deloitte’s Financial Advisory services help to build solutions in acquisitions, disputes, investigations, and restructuring.

Legal Services

Legal services Deloitte  involves different matters like legal Advisory service, legal management consulting, and legal managed services

Tax

Deloitte helps you to know how tax function operates and what tax strategies are. It allows you to connect with expertise, technology, and noble ideas to make your business more agile.

Services Provided by Cognizant

Application Mordernaization

application modernization services at Cognizant assist you in achieving agility in an increasingly digital environment. To upgrade essential business applications, combine accelerators, platforms, and strategic partners. As a consequence, you’ll have a business that’s ready for whatever the new regular throws at you.

Artificial Intelligence

In this modern world, there are different challenges in the field of business. To deal with these challenges of different shapes and sizes, a diverse set of skills is required. Cognizant’s Artificial Intelligence has organized around three unique capabilities that will let you explain, anticipate and respond throughout the business.

Cloud-Enabling

In the modern world, everyone is familiar with cloud services and needs to use these services.  Cognizant helps in adopting the cloud platform and maintaining it. The Cloud enables you to mobilize your business, and it also increases the speed and control over the organization. While using Cloud, you can quickly deploy new applications.

Cognizant Infrastructure Services

With infrastructure services that are changing the face of businesses, Cognizant is assisting you in preparing for the digital era. By delivering services through a business-aligned catalog model, we can help your company realize the full potential of automation and a software-defined data center (SDDC).

Cognizant Security

Cognizant provides security services in this era of the internet, where our data is shifting over the Cloud. It helps to remove security blind spots and accelerate your organization. Cognizant provides full security solutions for your organizations and also solves upcoming threats as well.

To avoid transformation risks as you create for the future, you’ll need a strong understanding of modern technologies, applications, infrastructure, security, operations, industrial domains, and human-centric design. Furthermore, we imagine and execute beautiful and straightforward solutions, transforming and streamlining applications and infrastructure at speed and scale—all to assist you in delivering on the promise of digital for all.

Core Modernization

Cognizant has a deep understanding of the latest technologies, security, applications, infrastructure, and operations. Utilizing this knowledge helps in reducing the risks for the future. This company also provides solutions, applications, and infrastructure for your organization.

Digital Engineering and Experience

Through its digital engineering and experience, Cognizant provides design, engineering, and delivery to companies that support digital-first business models. For long-term innovation, it provides the most comprehensive digital engineering knowledge and client-centric methodology.

Enterprise Application Service

Cognizant Enterprise Application Service assists clients across sectors to reinvent their digital customer experience, recruit and maintain a world-class workforce, productively engage their partner ecosystems, and govern their operations and finance organizations.

Deloitte and Cognizant both provide solutions to the companies. The former one targets the small business, while the lateral one is more popular in the mid-market. If we talk about responsiveness, Cognizant is more responsive as compared to Deloitte.

How to Improve AWS Cost Optimization in 2022?

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There is nothing new that AWS is one primary factor that allows the users to control expenditures. Well, it is more than that! It not only keeps you updated about costs but also helps you optimize your spending. It continuously creates and deploys up-to-the-date, scalable applications that are designed solely to cater to your personal and professional needs.

AWS’s extensive pricing options provide ultimate flexibility in operations, so you will be able to successfully tackle your business costs without compromising on the quality, storage capacity, and overall performance. If you are serious about accomplishing the highest saving potential, AWS is your answer! The secret of EES’s premium cloud computing consulting services is that we offer best-of-breed solutions helping you expand your customer reach without compromising on quality, efficiency, performance, or cost.

Well, there are possibilities of failure but remember the loss in minimizing the AWS costs is not always and necessarily your businesses’ culpability. We all know how complicated AWS pricing is.

Minimizing AWS Costs Needs to be an Ongoing Process

The very first thing you need to know is that reducing AWS costs is a continuous process. It should be done continuously, not periodically. This is the best advice to remember!

You must monitor and evaluate the cloud environment all the time to identify and track unattached, unused, and underused resources. By using this data, you will be able to reduce AWS costs. One simply cannot monitor the cloud usage and patterns manually 24/7/365. That is why massive size enterprises are inclined towards policy-driven automation techniques. They optimize performance and data security.

To enhance the efficiency and want your business to operate successfully, you need to minimize the AWS Cloud costs across a private, a public, or a hybrid cloud.

The Basics of AWS Cost Optimization

At the basic level, the cycle of cloud computing cost optimization needs to be calculated into the below-mentioned steps:

  1. Create effective asset awareness via in-depth analysis of inventory, tagging, and tracking of resources to understand what you have.
  2. Keep yourself updated about currently existing services, available resources, and discount programs.
  3. Study the relationship of resources to understand their effects on mutual levels on other resources and applications.
  4. Implement a proven data-driven purchasing plan that focuses on all previous steps. It will help you in right-sizing your resources, investigating current commitments for utilization and usefulness, promotion to related instance generations, and planning new responsibilities considering up to a 3- year prospect.
  5. Don’t forget to set the criteria or standard for month-to-month or year-to-year analysis. It is beneficial for forecasting budgetary demands. (increase or decrease)

Best practices to Minimize AWS Costs

If you are into a business where you have been struggling hard to minimize the expenditure on Amazon Web Services, here are a few steps or practices that should be in your plan. These professional tips will significantly reduce AWS costs.

Delete Unattached EBS Volumes

On launching the EC2 instance, you will find Elastic Block Storage volume coming along as the local block storage. As long as the EBS volume exists, it will keep on adding a hefty sum to your monthly AWS cost. You would be shocked to find tons of unattached EBS volumes to AWS Cloud that are not used but are continuously charged.

But, you can get rid of this EBS massive volume by checking the “delete on termination” box whenever you launch the EC2 instance. It will automatically delete the data and help you save money.

Remove obsolete and Aged Snapshots

Keeping outdated snapshots in AWS is the source of increasing costs unnecessarily. It is true that EBS snapshots, individually, do not cost very much. But, why do you have to pay for obsolete pictures that are not even demanded, anymore?!

Apart from money, they take space, and the new snapshots will be deleted when you transfer them due to lack of storage. It is better to set a criterion for the number of snapshots you want to be retained per instance. And, remember to delete the ones you do not need.

Delete Unattached Elastic IP Addresses

The most unique and strange costing strategy is practiced by elastic IP addresses (public IPv4 addresses from the pool of Amazon IP addresses). They work free of cost when attached and provide services, but once you have terminated an instance, you should get ready to pay for them even if IP addresses have become unused resources now.

These unattached Elastic IP addresses added to the cost quickly slipping away from the monitoring of AWS System Manager or AWS Console. They cost as minimum as $0.01 per hour but imagine having 50-60 AWS accounts with two IP addresses – a considerable amount!

Get Rid of Zombie Assets

Your unused assets that are known to add up to your total operating cost are called “zombie assets.” The most usual zombie assets include unattached EBS volumes, unused Elastic Load Balancers, and obsolete snapshots. Zombie assets can be the inactivated, failed, or unused components of instances.

For minimizing the cost, you must look into unused and underused Elastic Load Balancers. It is beneficial to identify them through complete visibility of the cloud environments and terminate them instantly.

Update Your Instances to the Latest Generation

As long as you have been updating your instance generation, you are safe! It should be a periodic exercise because AWS tends to introduce upgraded generations of instances. The new generations show enhanced operational performance and overall functionality. For saving money through upgrading, you need to shift your current generation instances to a smaller capacity. So, now you can experience the same standard performance but at a lesser cost.

Rightsizing of EC2 Instances

One of the most significant factors responsible for increasing cost is over-provisioned instances. They can affect your AWS bills making them unpredictably high. That’s why the consumer must be aware of the features they are paying for. They should know what provisions they need instead of what they use.

Scheduling On/Off Times

Another practice is scheduling on/off times regarding non-production instances. It includes the development, testing, and staging phases. You will be able to save a lot of money if you set the time for these services to be used. And when they are not in use, they should be turned off, saving cost. Particularly in the development phases, you must keep on and off schedule to avoid irregularity in usage patterns.

It helps minimize the cost you have been spending on non-production assets with a margin of 65%. You are welcome to implement aggressive schedules once you get familiar with the needs. Planning the instances to be on or off schedule is a beneficial practice.

Buy Reserved Instances

Purchasing Reserved Instances can never go wrong. Such applications will help you identify when and which instances are running successfully for a more extended period to create Reserved Instance purchases practical. Choose the Reserved Instance that seems compatible with your business needs that could be Standard or Convertible. And also check if you can afford the upfront fees or not.

10+ Datacenters Statistics: Mind Blowing Facts and Figures

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The data center is the necessity of time as everyone needs a secure place to keep things safe and private. These centers are the solution to large-scale as well as small-scale businesses to keep their IT infrastructures. Apart from data safety and storage places, data centers are essential to promote global connectivity. These data centers have been in use 24/7, throughout the year. After all, we need on-demand, premium, and real-time accessibility to personal and professional data, anywhere and anytime.

If we start looking at certain IT trends from the past few years, you will be left awestruck. You will observe significant fundamental changes coming down the line.

All you need to know about Datacenters Statistics – Incredible Facts and Figures

  • With a total of $270 billion by 2020, the spending on combined end-user on cloud services is expected to increase to $397.5 billion by the end of 2022
  • By the end of 2022, almost 10% of global-wide IT organizations will go serverless.
  • About 562 Hyperscale data centers have been seen existing by the end of 2019 as per the data center statistics
  • As the universal reports say, the spending on cloud services has increased up to $41.8 billion by the 1st quarter of 2021 worldwide. Compared to the first quarter of 2020, it makes 35% annual growth and about 5% quarter-on-quarter upsurge. Regarding the monetary relations, about $11 billion more was consumed than in the first quarter of 2020 and virtually $2 billion more in comparison to the quarter-on-quarter of 2020. Amazon Web Services is on the top of the global list as it is the most popular, commonly used and the best cloud IaaS service provider making 31% of the whole market share.
  • From 2021 onwards, the utilization of AI will keep on growing 34% every year.
  • The use of the cloud has been increased with the remote desktop software market. In 2019, it worth $1.53 billion, which is predicted to reach $4.69 billion in 2027 with a 15.1% CAGR.
  • Cloud gaming is absolutely a tremendous market worth $470 million in 2020. As it is continuously growing, researchers have expected it to reach $7.24 billion by 2027, with a projected CAGR of 48.2%.
  • 24k miles network cable is used by the average tier 1-2 data center
  • Almost 2.8 million global server units were shipped in the 1st quarter of 2021
  • Taking the increasing demand for data centers under consideration, it is clear that the international data center market will rise at a CAGR of more than 2% from 2019 to 2025. Solely in the US, the data center market is predicted to cross $69 billion in revenue by 2024.
  • In the Asia-Pacific region ranking, China is leading the scoreboard with total spending of $11.5 billion on cloud infrastructure in 2019, increasing to $19 billion in 2020. A whopping increase of 66% considering data center statistics.
  • Considering the use of the cloud to play tons of online videos, the video streaming market has been profitable worth $59.14 billion in 2021. By 2028, we are expecting the market to increase up to $223.98 billion in profits, including a 21% (CAGR) increase on average.
  • In 2019, a significant upsurge of 23% was observed in demand for disaster recovery services.
  • Google Drive is the most popular among all the Google Workspace cloud productivity platforms. As a whole, the market has touched 2 billion consumers as per the reports of 2020. Dropbox comes at 2nd place.
  • AI is dropping the cooling costs, which make up at least 40% of Data Center expenditure.
  • Africa is the most miniature of the regional global cloud market, and North America was first to up to 61% of the market in 2020. It is expected to increase.

Facts about Cyberattacks on a Cloud Data

One of the most shocking facts is the cyberattacks that have caused a loss of trillions of data every year. If you think cyberattacks are related to hackers, you are mistaken. The truth is, it is usually caused by human error.

  • In 88% of breaches, mistakes are made by employees. And coming to gender, men are twice as likely to get trapped in phishing scams.
  • Almost 34% is totalled to the men and 17% to the women.

With the precise use of IT expertise, we intend to help you eliminate security issues as they can be resource-intensive. Our data center security consulting services not only identify loopholes but implement and optimize security solutions to drive business progress.

Public and Private Cloud Hosting Facts

In comparison to public and hybrid, private cloud hosting has made up 28% of the cloud spending. In fact, costs spent on public cloud data center structure was increased 25% within only a year; as per the reports made in the second quarter of 2020, approximately $17 billion was recorded for public cloud, hitting the highest record of all the times.

Worldwide Data Center Infrastructure End-User Spending (Billions of U.S. Dollars)

 

2021

2020

2019

End-User Spending ($B)

200

188

210

Growth (%)

6.2

-10.3

0.7

Read our article on AI Statistics.

How Can Cloud Computing Benefit IT Staff?

Posted on by EES

With the increasing trend of using cloud computing, several questions have been raised. No doubt, it has unlimited benefits to offer but migrating to a cloud platform is a need of time, especially if you need to bring the revolution to your IT staff and business. Regardless of the company type, no one can deny the perks that cloud computing offers to the IT team.

Operating any IT infrastructure can get critical and tricky, but not with cloud services. With the sensible application of this futuristic computing model, you are guaranteed to get the ease and flexibility of use for the IT staff. Instead of choosing a risky way, you must select the sure-fire way of safety, reliability, and practicality: CLOUD COMPUTING! And we are not talking about the future because it is already HERE!

Benefits of Cloud Computing for IT Staff

Aimed to make significant improvements, migrating to the cloud can save time and money spent on IT maintenance, decrease IT staff, and help your company become more agile and competitive with minimal efforts. Making your operations run faster, more efficiently, within affordability, and reliably, IT and IT maintenance expenses are cut down to a magnificent level.

Let’s see in how many ways cloud computing can benefit IT and its staff!

No or Fewer Operational Issues

Training IT staff or finding a staff equipped with relevant IT infrastructure skills is a challenging task. Having untalented IT staff can result in significant operational issues that can be minimized by incorporating cloud services. It might appear an intricate process, but in reality, cloud computing tends to have much fewer problems compared to other infrastructures.

Besides, the cloud can guide IT staff about managing operations from long distances and without needing extra hands. If you face any issues, you don’t have to send the workers down the center. With the cloud, the problems will be solved remotely.

The Cloud Requires Less Capital

The meaningful use is its ability to reduce IT costs. No more hardware, no more data centers, no more IT teams, no more maintenance cost. Make your business work along with saving your investment. It will be a long-lasting investment as it needs no or fewer startup costs. Moreover, you will be paying ONLY for the features you need for your business every month.

You would love how it reduces the expenses of managing and maintaining IT setups. No need to spend a fortune on buying expensive systems and IT equipment to operate your company. Cloud computing lets you use minimum resources without compromising the quality of work. The significant departments where you will be able to reduce the cost due to cloud computing are:

  • System upgrades
  • New hardware and software
  • The hefty amount is given to IT staff (wages)
  • Energy consumption costs
  • Physical servers (maintenance and management)

Cloud Computing Increases Collaboration Amongst your Team

Collaborating with other systems and companies has been easier since cloud services are infused in IT maintenance and management. IT staff might take TOO MUCH time to collaborate, but cloud file sharing and collaboration are just a tap away!

We can say, cloud computing is designed for easy and quick collaboration and effortless file-sharing with security and safety. Your IT staff members can be anywhere and still make your job easier!

High Speed – Quick Deployment

What will you do if you don’t find a member of the IT staff on time? What will happen if the projects get delayed? Why risk it all when you can put all of your problems to an end with cloud services. Cloud services help IT staff by letting them deploy procedures quickly.

In a matter of seconds, you will be able to spin new projects—no more dependency on the on-site hardware that tends to have certain limitations and slow procurement processes.

The Cloud Has Better Security

Human error is inevitable. Instead of blaming your staff, you can bring cloud computing that provides security of the highest level. Securing your critical data and business information is more accessible with the cloud. In case of a natural disaster or full-on computer meltdown, IT staff can benefit from the backup provided by the cloud.

25+ Artificial Intelligence Statistics and Facts In 2022

Posted on by EES

We all know this is the world where Artificial Intelligence has taken over every business and every life. AI has made some tremendous advancements making people believe its importance. For all the good reasons, we recommend you utilize AI in your lives. After all, we all need refined life, and AI has the ability to transform your typical lives into something extraordinary.

If you wish to compete with the new challenges of IT, contact EES for artificial intelligence consulting. We will help you gain maximum utilization of AI in technical and straightforward deliveries. Our team implements top-class machine learning and automation strategies for development.

Shocking Artificial Intelligence Statistics of 2019

  • In March 2019, 279,145 AI patent applications were in frequent use in the United States.
  • Chatbots are one of the hot topics when it comes to AI. Almost 80% of the market dealers were using chatbots for a better customer experience in the previous year.
  • In 2019, almost 40% of the native US population was using voice search.
  • For the machine learning industry, the US gave funding worth $37 billion in 2019

Interesting AI Statistics Everyone Should Know in 2022

  • With the increased demand for robotics and assistants, the number of AI-powered voice assistants is predicted to cross 8 billion by the end of 2023
  • Since 2000, trends of investing in AI startups have increased six times. And, if we talk about the two last decades, the number has grown 14 times.
  • If we talk about 2025, the international AI market will be accomplishing a revenue of $150.6-$190.61 billion.
  • The Asia-Pacific region has been placed on the first spot for experiencing the highest CAGR from 2018 to 2025
  • Surprisingly, the worldwide AI market is anticipated to reach nearly before 2025 as per the AI statistics
  • Apart from voice assistants, AI has many advantages in every field regardless of the industry niche. That’s why AI is predicted to kill almost 6-8% of human jobs by the end of 2021.
  • As per the reports, Artificial Intelligence has the potential to upsurge the productivity of your business by 40%
  • In terms of business personalization, approx. 71% of marketers consider AI an effective technique
  • The practice of AI has played a vital role in increasing GDP. We can say the global GDP will be growing to $31.2 billion in 2025 and $15.7 trillion by the end of 2030. Back in 2018, it was only $1.62 billion. What incredible progress!
  • As the global statistics say, 75 countries are implementing AI technology in their surveillance techniques.
  • Oh, we all know how Netflix has gained fame. AI-powered Netflix’s recommendations are worth $1 billion annually.
  • Considering the past 4years, AI usage has expanded by 270%. How? Because nearly 77% of every device we use has one or another feature supported with AI.
  • The United States is known to have the maximum Alexa’s inventory skills (nearly 66.000 skills)
  • The original data of International Data Corporation suggests that Europe will be spending more than $12 billion on AI in 2021. That is not all! This value is undoubtedly going to be doubled by 2024.
  • The abrupt surge in AI is predicted to deliver over $2.29 trillion of business value in 2021
  • All those who have not used AI need to invest right away, as 75% of executives will go out of business in a span of 5 years.
  • The 2nd most critical implementation of AI is automating tasks as per the word of 20% of businesses in AI statistics
  • Only 7% of companies are not using AI on the global level, but they are enthusiastic about implementing soon.
  • Ai has been a vital part of addressing data quality problems. Besides, almost 48% of global companies use data analysis, machine learning, or other AI tools.
  • The predicted AI yearly growth rate from 2020 to 2027 is 33.2%
  • For enhancing the efficiency of email marketing, over 87% of companies have implemented AI
  • Have you ever heard about robot pets? Well, if you have not, you need to! Because there are going to be robot pets with the ability to make an emotional connection. And it will all be done by 2025.
  • The strength of the AI chip market has been seen in the past years, and depending on the gathered data, universal AI chip market revenue will probably cross $83.25 billion by the end of 2027.

China and AI (Artificial Intelligence)

China is planning to make the best out of AI for achieving global economic dominance by 2030. Well, there is much more to it. An unbelievable increase of 500% has been observed in the annual robot installations. And this practice has been in implementation since 2012. In the near future of 2030, China will become the world groundbreaker in the AI niche, having 26.1% of the international market share.

AI role in Customer Satisfaction

On the darker side, the surveys say that 43% of the consumers think Artificial Intelligence will be lowering customer satisfaction. But, almost 27% of users acknowledge the use of AI delivering either equal or better customer service than humans.

A small portion of 34% of the sales and marketing leaders trust the efficiency of AI and consider it a massive game-changer in improving customer experience. People are inclined to implement automation technologies across every marketing and customer service team, and 51% of eCommerce players have already executed it to offer a seamless user experience.

Robotics Statistics You Need To Know in 2022

Posted on by EES

The robot is the new norm, and no one can deny the fact. Once, these robots were considered a meek strategy to help humans carry weighty kits, and now they are technologically refined machines with the ability to think, learn, and perform innumerable activities. And, they can do it without needing any detailed guidance from any human. 2020 was the year of advancement for robotics. Let’s see some amazing robotics statistics to know more about its importance, trends, and uses.

Enthralling Robotics Statistics

  • Last year, the total count of robotic units was 12 million worldwide. But, solely North American businesses are recorded to purchase 31,044 robotics.
  • Cobots or commonly called “Collaborative robots,” are expected to constitute a total of 34% of overall robot sales by the end of 2025.
  • Coming to the regional robotics statistics, North American companies grew by 3.5% in 2021
  • A significant rise of 12% was observed in robots’ shipments from 2020 to 2022 worldwide.
  • The National Bureau of Statistics data states that China’s production of industrial robots has been increasing continuously by 29.2% annually.
  • The Amazon’s cobots have effectively saved $22 million
  • Apart from the car business, the orders for robotic units have expanded and are expected to reach 11% in electrical, photonics, and semiconductors by the end of 2021.
  • The robotics industry has been successfully employing more than 150,000 skillful individuals internationally in engineering and assembly professions.
  • 88% of industries worldwide are planning to implement robotic automation within every aspect of their IT infrastructure.
  • Fast-forwarding to 2022, roughly 584,000 robotic units are planned to be shipped.
  • Taking genuine robotics industry statistics under consideration, a minimum of 15% development will be observed by 2028, making the total income worth approx. $20 billion.
  • It might shock you, but there will be almost 1,287 robots for every 10,000 workers by 2021 in the automotive industry.
  • In the past year, over 3.05 million industrial robot units have been installed all across the global industries for increased efficiency and productivity.
  • From 2020 to 2022, a 12% increase in robotics shipments worldwide is predictable. It makes driving the annual robotics unit sales worth 465,000 in 2020 and 584,000 units in 2022.
  • When we talk about the future, we can say almost $20 billion will be the total robotics industry’s value by the time we reach 2028.
  • In the medical department, Veebot robots offer 83% accuracy to spot the best vein for drawing blood from the patients.
  • From 2021-2026, the Global Robotics Market will be valued at USD 74.1 billion with a 17.45% CAGR, which was used to be the only USD 27.73 billion last year.

Robotics Industry Expansion

  • As the stats represent, the robotics sector has displayed nearly 70% annual growth by the first quarter of 2021 in comparison to 020. Other industrial niches that have depicted a notable improvement regarding implementation are:
  • 56% annually in Food and consumer goods
  • 51% annually in Plastics and rubber
  • 39% annually in Automotive

Robots in Agriculture

  • The value and size of the robotics market exclusively for the global agricultural practices is expected to rise up to $20.6 billion with a CAGR of 22.8% by 2025. Whereas the value recorded in 2020 was $7.4 billion
  • Moreover, drone robots, also known as Unmanned Aerial Vehicles (UAVs), are one of the greatest advancements made by Robotics worldwide. The market size of agricultural drones will surely be expanding by nearly $6.2 billion with a 25.0% CAGR by the end of 2024. The reason for its upsurge is its inexpensive tactics for conducting field analysis.

Robotics Statistics in the Military

In a couple of years, there will be a military robot market size worth $30.8 billion with a CAGR of 12.92%. By the end of 2025, global spending will reach $16.5 billion solely on military robotics.

Most Popular Consumer of Industrial Robotics

In 2021, 310 000 industrial robots have been installed in China, making it the highest in the world. It confirms that China is the most substantial consumer of industrial robotics on the global level. In second place is Japan, with 61 000 installations. South Korea and the US come in third place, having a total of 46 000 robotics installations.

Robots in Healthcare

Coming to the healthcare industry, more than 200 companies worldwide are managing the production of robotics purposed for helping medical professionals. Apart from general healthcare uses, the orders for life sciences and pharmaceutical robotics have also crossed the big number in 2021. In fact, significant growth of 69% has been noticed. All credit goes to the COVID-19, the pandemic.

Read the article on cybersecurity statistics.

US Cybersecurity Statistics You Should Know In 2022

Posted on by EES

No doubt, cybersecurity is one of the biggest trends and all-time evolving departments. Being a concern of every business, small or large, one can face the problems of cybercriminals. In the past years, multiple cybersecurity advancements have been made for better practicality. Whereas, the number of sophisticated tactics has been increased that continue disrupting organizations.

Let’s dive into some significant trends, facts, and figures along with classic US cybersecurity statistics!

2022 Cyber Security statistics – Surprising Facts and Figures

  • Last year, about 99% of the cyberattack vectors were identified as cybersecurity professionals
  • As per 2022 stats, more than 20% of attacks were projected to include IoT on enterprises
  • You would be amazed to know how over 38 million new and more strengthened malware were launched by the end of April 2022, as per US cybersecurity statistics
  • In 2022, 86% of the data breaches were monetarily motivated
  • In total, about 22 security breaches were experienced by global companies by the end of 2022.
  • In 2022, only 57% of the US companies had carried out a data security risk assessment.
  • Surprisingly, data breach worth more than $150 million was observed
  • The UK has faced the biggest cybersecurity threats. About 86% of the successful UK companies has faced a phishing attack
  • Solely in the 1st half of 2022, data breaches left 36 billion records unprotected, as explained by US cybersecurity statistics

US CyberSecurity Statistics Predicting Future

  • Among all cyberattacks, 75% of the consumers estimated the frequency of attacks asking for money or targeting essential, private data to increase in 2022.
  • The total sum of passwords will keep on growing to 300 billion in the coming years worldwide.
  • Talking about the Cybersecurity professionals, 76% of the members are getting more disturbed about social engineering attacks as a serious consequence of the pandemic.
  • Among all cybersecurity breaches, 95% are usually instigated by human error.
  • The international information security market size and worth are likely to cross $170.4 billion by the end of 2022
  • With the increasing trend, 68% of business leaders are inclined to believe that their cybersecurity is at increased risk.
  • Currently, 58% of the businesses have 1,000 plus inactive user accounts
  • The price you need to pay for staying ahead of cyber-attackers is considered unsustainable by 69% of businesses.
  • The peak malicious email attachment formats include .doc and .dot, making about 37%, and the next maximum damaging format is .exe, making 19.5%.
  • Once the company has faced a cyberattack, its repute is decreased. That is why over 59% of the users/buyers prefer to avoid opting for companies that have suffered a cyberattack in their past years of service.

Cyber Security and Small Business

  • The small businesses make 28% of the total Cybersecurity Breaches
  • As the BillGuard survey depicts, a greater percentage of small businessmen are taking care of their cybersecurity in-house (65%), and only 10% or less have hired a skilled and competent IT team
  • For all small-scale companies, regardless of the niche, has phishing is the top threat
  • As of 2022, 43% of small-scale business owners tend to implement no effective cybersecurity defense plan
  • The data breaches linked with nation-state or state-affiliated actors are 70% based on phishing
  • If we estimate, every worker is provided access to almost 11 million files, but unfortunately, only 5% of all companies’ folders are appropriately protected
  • 43% of overall cyberattacks target only small businesses.

Cyber Security Crime Statistics

  • As the US cybersecurity statists state, cybercrime is predictable to impose an overall sum of $6 trillion USD in data damages by the end of 2022. It will potentially increase to $10.5 trillion USD yearly by 2025.
  • About 4.72 million frauds and Identity Theft reports were made
  • People don’t know how to face cybersecurity issues. The 7.56% of the native Americans are not familiar with the precautionary steps or counter actions in the event of a big data breach
  • On average, the cost of a malware attack for a single company worth $2.4 million
  • Considering the IBM X-Force Threat Intelligence Index Report, 23% of the total attacks are known to be based on ransomware
  • Within every 14 seconds, a company gets trapped by a ransomware attack
  • The globe is facing more than 100,000 malevolent websites and over 10,000 malicious files on a daily basis
  • As the 2022 State of Phish Annual Report shows: 65% of US Organizations were trapped by the phishing attack that made them lose tons of revenue
  • Google has listed more than 2 million phishing sites in 2022
  • Back in 2019, about 93.6% of experienced malware was polymorphic
  • The CyberSecurity cost is likely to surpass $1 trillion, worldwide

Learn about cloud computing statistics.

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