Elearning! September

2014

Elearning! Magazine: Building Smarter Companies via Learning & Workplace Technologies.

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Elearning! September / October 2014 11 'Internet of Things' a $1.9 Trillion Market The term "Internet of Things" (IoT) generally denotes an advanced level of networked connectivity between objects, platforms, systems and ser- vices that enables the exchange of data without human intervention. The premise behind the IoT is that any object, whether natural or manufac- tured, can gain the ability to transmit data over a network. >> International Data Corporation predicts the worldwide market for IoT solutions will grow from $1.9 trillion in 2013 to $7.1 trillion in 2020. >> MarketsandMarkets gives the IoT market a more conservative — but still lofty — valuation of $1.029 trillion in 2013, increasing to $1.423 trillion by 2020. >> Gartner forecasts 26 billion connected objects worldwide by 2020 (a fgure that does not include PCs, smartphones and tablets). >> IDate projects 80 billion Internet-connected things in 2020, up from 15 billion in 2012. This fgure does include PCs, TVs and smart devices, but the vast majority (85%) will be objects like car tires or shipping pallets that may communicate with the Web via an interme- diate device. Devices that communicate directly, such as PCs, TVs and mobile phones, will make up 11% of the total in 2020. >> Cisco Systems predicts 50 billion things will be connected by 2022, yielding $19 trillion in new revenues ($14.4 trillion of which will ac- crue to private-sector corporations). —Source: www.emarketer.com Big Data Growth Is Pegged at 17% SNS Research estimates that Big Data investments will account for near- ly $30 billion in 2014. These investments are further expected to grow at a CAGR of 17% over the next six years. (Big Data refers to data itself but also to a set of technologies that capture, store, manage and analyze large and variable collections of data to solve complex problems.) Other key fndings: >> Big Data investments are further expected to grow at a CAGR of nearly 17% over the next six years, eventually accounting for $76 billion by the end of 2020. >> The market is ripe for acquisitions of pure-play Big Data startups, as competition heats up between I.T. incumbents. >> Nearly every large scale I.T. vendor maintains a Big Data portfolio. >> At present, hardware sales and professional services account for more than 70% of all Big Data investments. >> Software vendors, particularly those in the Big Data analytics seg- ment, are expected to signifcantly increase their stake in the Big Data market as it matures. —More info: www.reportbuyer.com Mentoring, Defnitely, Coaching, Not So Much While individual contributors at a majority of organizations are pro- vided mentoring by managers, relatively few employers provide them with coaching by outside professionals, according to a survey of executives and managers by AMA Enterprise, a division of American Management Association. Three out of four organizations offer some sort of development to individual contributors, employees who may have no direct reports or formal leadership position but whose expertise is important for the enterprise's success. Q1. If your organization develops individual contributors, which of the following elements are part of that effort? Mentoring by managers 59% Individual development planning 57% Personal assessments 53% E-learning 48% Classroom learning 45% Special workshops and training 44% Exposure to senior executives 40% Access to external development offerings 38% Coaching by external professionals 15% Q2. How does your organization assess the effectiveness of its efforts to develop individual contributors? Feedback of participants 46% Improved performance of participants 37% Observed behavior changes of participants 37% Positive business results attributed to participants 31% Don't know/Does not apply 30% —More info: www.ama.org Trendlines

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