Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Frost & Sullivan lists Blockchain among top 10 technologies disrupting ICT industry

In a new analysis, consulting firm Frost & Sullivan has identified top Information and Communication Technologies (ICTs) that have the ability to disrupt existing markets as well as unearth new opportunities for market players.

The technologies covered in ‘Top Information and Communication Technologies, 2017’ include Artificial Intelligence, Blockchain, 5G, Cybersecurity, Mixed Reality, Natural Language Interaction (NLI), Small Data, Hyper-Converged Systems, Everything-as-a-Service (XaaS), and Robotics Process Automation.

"AI has been one of the most funded technologies, attracting large investments from independent and corporate venture capital companies. Already, more than 21,000 patents have been published in this space over the last three years," observed Frost & Sullivan TechVision Senior Research Analyst Debarun Guha.

Frost & Sullivan noted that Internet of Things (IoT) is emerging as a new paradigm for data collection as IoT endpoints generate huge amounts of data that enterprises need to analyze in real time for actionable insights. Furthermore, the convergence of blockchain and IoT, combined with big data analytics, is proving to be a viable solution to many challenges such as the authentication and authorization of IoT edge devices. This will help secure mesh networks as well as eliminate the need for central brokers.

"Another technology with huge potential is Blockchain, which is expanding its application scope beyond banking and financial institutions into a wide range of use cases across industries; the global funding to Blockchain start-ups since 2014 is noted to be in excess of $1 billion," added Frost & Sullivan TechVision Program Manager Kiran Kumar.

Importantly, the analysis found that North America continues to dominate the global shares of revenue, adoption, and sales in the ICT industry, which is being driven by high consumer awareness, increasing number of technology use cases among various industries, and a number of R&D research centers conducting research in the field of emerging ICT technologies.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 27 21:00 UTC Released

KRBOK Manufacturing BSI*

Actual

81 %

Forecast

Previous

81 %

July 27 15:00 UTC Released

USKC Fed Composite Index

Actual

10 mln

Forecast

Previous

11 mln

July 27 23:00 UTC 1414m

JPCPI Core Tokyo YY*

Actual

Forecast

Previous

0.1 %

July 27 23:00 UTC 1414m

JPCPI, Overall Tokyo*

Actual

Forecast

Previous

-0.3 %

July 27 23:00 UTC 1414m

KRIndustrial Output YY*

Actual

Forecast

Previous

0.1 %

July 27 23:00 UTC 1414m

KRService Sector Output Gr*

Actual

Forecast

Previous

-0.3 %

July 27 23:00 UTC 1414m

KRIndustrial Output Growth*

Actual

Forecast

Previous

0.2 %

July 27 23:01 UTC 1515m

GBBank Lending MM*

Actual

Forecast

-11 %

Previous

-10 %

July 27 23:01 UTC 1515m

JPJobs/Applicants Ratio

Actual

Forecast

-11 %

Previous

-10 %

July 27 23:30 UTC 4444m

JPKC Fed Manufacturing

Actual

Forecast

0.6 %

Previous

-0.1 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.