Whether you are self-employed or working for an organization, your work consistently interacts with technology, media and telecommunications. The technology environment is crucial to your company. From mobile to retail, Deloitte’s TMT Predictions prepares you well with the influential trends for the next 12 months. The essences of hundreds of conversations with industry leaders and tens of thousands of consumer interviews across the globe are presented to you in the meeting of TMT Predictions.
On Wednesday, May 24th, 2017, Deloitte and the London Economic Development Corporation (LEDC) held Deloitte’s TMT Predictions at the London Music Hall in London, Ontario. The event featured a keynote presentation by Duncan Stewart, Director of Technology, Media and Telecommunications Research for Deloitte Canada, where he shared industry-specific insights on coming trends and detailed research from more than 8,000 Deloitte practitioners.
})
The Trends
Below is a recap of the ten technology, media and telecommunications trends Duncan discussed last night - you can also view and download his slideshow presentation. To learn more about each trend in-depth, take a look at the full report. Highlights of the trends are also available in this infographic version.
- Biometric security reaches the billions – The active base of fingerprint reader-equipped devices will top one billion for the first time in early 2017, with each sensor being used on average 30 times a day - over 10 trillion aggregate presses globally over the year
- DDoS attacks enter the terabit era – Distributed Denial-of-Service (DDoS) attacks, a form of cyberattack, will become larger in scale, harder to mitigate, and more frequent. Any organization that is increasing its dependence on the Internet should be aware of a potential spike in the impact from such attacks
- The road to self-driving starts with a stop – By 2022, annual U.S. motor vehicle fatalities could fall by 6,000, a 16 percent decline on the likely death toll in 2017. The greatest factor will be automatic emergency braking (AEB) technologies
- 5G – A revolution in evolution, even in 2017 – Significant steps towards the launch of 5G, the fifth generation of cellular networks, will take place in 2017. A few dozen of the 800 operators around the world are likely to be actively involved in trails, development and commercial deployment of services marketed as 5G in 2017
- Machine learning goes mobile – Over 300 million smartphones, or more than a fifth of units sold in 2017, will have on-board neural network machine learning capability. This functionality will enhance applications including indoor navigation, image classification, augmented reality, speech recognition, and language translation even when there is little or no cellular of Wi-Fi connectivity
- The final frontier for digital navigation – As of 2022 at least a quarter of all human and machine uses of precision digital navigation will include an indoor leg or be for an entirely indoor journey. Growth will be stimulated by sustained improvements in the accuracy of indoor navigation over the medium term, permitted by an array of positioning data, improved analytical tools that interpret multiple indoor location datasets in parallel, and more high-quality indoor maps
- TV advertising in the US – Flat is the new up – U.S. TV advertising revenue in 2-17 will be flat with 2016. For an industry widely thought to be following the sharply negative trend of other traditional media, flat is the new up
- Have we reached peak tablet? – In 2017, sales of tablet computers will be fewer than 165 million units, down by about 10 percent from the 182 million units sold in 2016. It suggests we have passed the peak demand for these devices, which were first recorded as a category as recently as 2010
- Vinyl – the billion-dollar nostalgic niche – Vinyl will continue its remarkable resurgence, and that this audio format, whose peak sales in both units and dollars were in the late 1970s, may generate approaching $1 billion globally in revenues for the first time this millennium. New and used discs will generate over 90 percent of revenues, with the remainder made up by turntables and accessories
- IT-as-a-Service – the half trillion dollar ‘niche’ – By the end of 2018, spending on IT-as-a-Service for data centers, software and services will be just under $550 billion worldwide. This would represent a rise of more than half from a forecast 2016 level of $361 billion
})
