AI/Analytics Critical to Corporate Strategy, Semi Sector Extend Declines, Satellite-based IoT to Boom and Generative Microapps Will Augment Workforce

79% of Corporate Strategists See AI and Analytics as Critical to Their Success Over the Next Two Years — Gartner Reports

Seventy-nine percent of corporate strategists said that technologies such as analytics, artificial intelligence (AI) and automation will be critical to their success over the next two years, according to a survey by Gartner, Inc.

Strategists said that, on average, 50% of strategic planning and execution activities could be partially or fully automated; currently only 15% are.

The survey was conducted from October 2022 through April 2023 among 200 corporate strategy leaders in North America, Western Europe, Asia/Pacific, and Australia/New Zealand, across different industries, revenue and company sizes.

“Leveraging analytics and AI for more efficient, insightful strategy decisions is one of the biggest challenges, and opportunities, corporate strategists face this year,” said Dave Akers , Director, Research at Gartner . “For years, strategists have told their businesses: If you want to stay competitive and effective, you need to go digital. Now, they appear ready to apply that guidance to their own workflows.” Read on here.

Semiconductor Market Extends Record Decline Into Fifth Quarter — Omdia

New research from Omdia reveals that the semiconductor market declined in revenue for a fifth straight quarter in the first quarter of 2023. This is the longest recorded period of decline since Omdia began tracking the market in 2002. Revenue in 1Q23 settled at $120.5B, down 9% from 4Q22. The semiconductor market is cyclical, and this prolonged decline follows the upsurge as the market grew to record revenues in each quarter between 4Q20 through 4Q21 following increased demand from the global pandemic.

The memory and MPU market are major areas of the semiconductor market that are contributing to the decline. The MPU market in 1Q23 was $13.1B, just 65% of its size in 1Q22 when it was $20B. The memory market fared worse, with 1Q23 coming in at $19.3B, just 44% of the market in 1Q22 when it was $43.6B. The combined MPU and memory markets declined 19% in 1Q23, dragging the market down to the 9% quarter-over-quarter (QoQ) decline.

Commenting on the latest Omdia analysis, Clifford Leimbach , Senior Analyst said: “The semiconductor market is plagued by a lack of demand that has continued for multiple quarters and resulted in declining ASPs for many components. However, there is demand thanks to generative AI. NVIDIA has seen strong revenue growth as they lead in this space, reversing the performance of most semiconductor companies to begin 2023, but other semiconductor companies have yet to take advantage of this space in a similar way.” Read on here.

Strong Growth in Satellite IoT Expected with Connection Revenue Reaching US$7.8 Billion by 2030 — ABI Research

Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators (such as Swarm Technologies, Kepler, FOSSA Systems, Sateliot, Lacuna Space, HEAD Aerospace Group, and Totum Labs) to enter the satellite Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings.

These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat, Iridium, ORBCOMM, and Globalstar, to provide a more cost-effective solution for end customers. According to global technology intelligence firm ABI Research , total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).

“Reusable rocket technology has driven down the cost of launching satellites into orbit, with prominent players such as SpaceX and its Falcon rockets. Increased competition in the space launch services industry from China, for example, is expected to further drive down launch costs,” explains Matthias Foo , Industry Analyst at ABI Research. Read on here.

Generative Microapps Can Augment the Human Workforce — Gartner

Generative artificial intelligence (AI), and specifically large language models (LLMs), will change how organizations design jobs, resource tasks and allocate responsibilities across the enterprise. However, LLMs come with a unique set of risks when compared with other AI implementations.

Generative microapps are an emerging technology that can enable organizations to demonstrate the value of generative AI while minimizing the business’s risk exposures. Generative microapps are applications that act as a proxy between a user and an LLM, such as ChatGPT or Bard.

We spoke with Nader Henein , VP Analyst at Gartner , to learn how enterprises can leverage microapps to augment knowledge workers using generative AI and boost employee productivity. Here is what he had to say: Read on here.

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