It is predicted by 2022 autonomous braking will help to reduce fatalities from motor accidents by 16 per cent in the US alone
More than 300 million smartphones sold this year will have neural network machine-learning functions built-in, according to new research from Deloitte.
The devices’ functionality will enhance applications ranging from indoor navigation to augmented reality and speech recognition. Furthermore, some of these tasks will be able to be performed without connectivity finds Technology, Media & Telecommunications (TMT) Predictions, and will significantly alter how humans interact with technology across every industry, market and society.
“Where there is connectivity, on-board machine learning may allow tasks to be done better and faster, or more privacy,” the report stated.
“Our predictions for 2017 showcase the enormous influence that machine learning and the Internet of Things are having on the current technology marketplace,” said Sandy Shirai, principal, Deloitte Consulting LLP and US technology, media and telecommunications leader.
“With many technologies coming into their own as their power and speed increases and the cost of delivering them goes down, we’ll continue to see these platforms grow exponentially and expand their role across industries, creating a whole new value proposition and opportunities.”
Over time machine learning on-the-go is expected not to be limited only to smartphones. These capabilities are likely to be found in tens of millions of drones, tablets, cars, virtual or augmented reality devices, medical tools, Internet of Things (IoT) devices as well as unforeseen new technologies.
Another innovation with the power to transform the world is autonomous braking. Deloitte predicts that in 2022, in the US alone, fatalities from motor vehicle accidents will have fallen by 6,000, a 16 per cent decline in 2017.
The greatest factor in this decline will likely be automatic emergency braking (AEB) technologies. Deloitte expects that AEB will be so widely adopted, affordable, and successful at helping to save lives that it may even slow down the movement toward full self-driving cars.
It’s not just about developing new technology, but how this technology is procured that is set to transform how we live and work. Deloitte predicts that by the end of 2018, spending on IT-as-a-Service for data centres, software, and services will reach nearly $550bn worldwide, up from $361bn in 2016.
Although flexible consumption-based business models will not be ubiquitous by 2018, at more than one third of all IT spending (35 per cent), they’re expected to exceed half a trillion dollars and grow rapidly. This shift will begin to transform how the IT industry markets, sells and buys technology across businesses worldwide, Deloitte explains.
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