Deloitte: Five technology predictions for 2019
Industry-leading consulting firm Deloitte this week released its Technology, Media & Telecommunications Predictions report for 2019. Deloitte provides consulting, audit, tax and advisory services to over 85% of companies on the Fortune 500 rankings. Here are five of the company’s predictions for 2019.
1. 3D Printing will become mainstream
Deloitte predicts that global sales of 3D printers, and related materials and services, will reach US$2.7bn in 2019, and rise again to $3bn in 2020. The range of printable products on sites like Thingverse has doubled in the past year, and the industry is expected to grow at an average of 12.5% per year going forward. Dr. Jeff Loucks, executive director of the Deloitte Center for Technology, Media and Telecommunications, said “3D printing enables businesses to quickly design new products with innovative materials, in ways that weren't possible before.”
2. The arrival of 5G
With 72 operators worldwide currently product testing a 5G network experience, Deloitte predicts 2019 will see the widespread adoption of the technology. 25 companies are expected to launch 5G services next year, with the figure likely to double by 2020. Kevin Westcott, vice chairman and U.S. telecommunications, media and entertainment sector leader at Deloitte said “It won't happen overnight, but 5G will profoundly change our interactions and experiences, which is good news for consumers as they demand better performance and more access to content".
3. eSports moves towards a traditional sports model
2019 is expected to see the global eSports market continue to grow, as increased advertising, broadcast licensing and franchise sales bring further revenue and brand legitimization to the market. Deloitte predicts the North American market will grow by 35% next year, as the popularity of competitive eSports like Dota 2, Fortnite and Counter Strike: Global Offensive continue to build bigger fanbases. The growth of eSports is predicted to result in teams and franchises becoming tied to specific regions and cities, in an adoption of the traditional professional sports model.
4. China expands tech footprint
Beijing's influence over global tech manufacturing is expected to grow further in 2019, as Deloitte predicts 25% revenue growth for Chinese semiconductors, bringing the market to $110. Driven by the growing commercialization of AI, Deloitte reports a Chinese semiconductor chip manufacturing facility will begin operations next year.
5. Mass-adoption of Artificial Intelligence
Among companies currently using Artificial Intelligence technologies, Deloitte predicts over 70% will begin using AI in conjunction with its cloud-based enterprise software by 2019. Deloitte vice chairman, Paul Sallomi, said: "So far, AI's initial benefits have been predominantly accrued by 'tech giants' with extensive financial resources, strong IT infrastructure and highly-specialized human capital… However, the cloud will power increased efficiencies and better returns on investment, and we expect these benefits to rapidly extend beyond AI's pioneers to the wider enterprise."
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.