AI News, Salesforce in 2017: predictions for the future | Mason Frank artificial intelligence

Top 10 Tech Predictions For 2017 From IDC

IDC released today its 10 IT industry predictions for 2017 in a webcast with Frank Gens, IDC’s senior vice president and chief analyst.

The predictions covered many trends driving success today and in the future, from how the entire global economy will be re-shaped by digital transformation, the transition of all enterprises from being “digital immigrants” to being “digital natives,” the scaling up of innovation accelerators, the emergence of “the 4th platform” (a new set of technologies that will become mainstream in ten years), drastic changes in how enterprises connect to their customers, and the ecosystem becoming as important for business success as IP.

Last year, IDC predicted that 3rd platform technologies and services—cloud, big data/analytics, social, and mobile—will drive 60% (not 75%) of OIT sepnding by 2019.

What clouds are and what they can do will change, IDC predicts: The cloud will be distributed with 60% of IT done off-premise and 85% by multi-cloud by 2018 and 43% of IoT will be processed at the edge in 2019;

Top 3 AI use cases in terms of spending, says IDC, are: medical diagnostics and treatment, quality management in manufacturing, and automated service agents in retail.

In 2018, the monthly active user base of consumers using mobile augmented reality apps (e.g., Pokemon Go) will exceed 400 million.

By 2020, over 20% of commercial media on Facebook will be 360-degree VR, as social goes “immersive.” Dark horse scenario: 20% of all social media is 360-degree by 2020.

By 2020, all enterprises’ performance will be measured by a demanding new set of benchmarks in leadership, customer engagement, digitization of new and traditional offerings, operational efficiency and organizational agility.

New benchmarks will include 35% improvement in Net Promoter Score, 100% growth in revenues from information-based products, 20% of processes are self-healing, and 50% reduction in management layers.

What will see as a result of all of these changes, says IDC, is the transformation of the traditional enterprise value chain to a new “enterprise social graph” or “the enterprise innovation graph,” linking the enterprise to its various communities: developers, channel, industry platforms, data providers , and customers and fans, as we already see today with Amazon, Apple, and Salesforce.

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Artificial intelligence is no longer a sci-fi movie trope—it’s here and it’s at the forefront of the fourth industrial revolution.

Businesses are wising up, hiring smart and investing in artificial intelligence, a Salesforce director told Santa Rosa Junior College students and World Affairs Council of Sonoma County (WACSC) members Oct. 25.

Every previous wave of technology is pushing the next further and faster, and machine learning is further pushing artificial intelligence.

Miranda visited the Zion Medical Center in San Diego, Calif., where nurses wear lapel microphones and cameras that record interactions with patients so the hospital can determine how to better train nurses.

I was back out of surgery flying home back to the Sacramento airport in three days, and I was back in the office in four weeks,” he said.

“There’s a lot of death that happens in hospitals around the world because a nurse gives a drug to someone who shouldn’t have gotten it,” Miranda said.

Amazon uses artificial intelligence to customize and personalize each customer’s shopping experience to keep customers shopping, therefore building loyalty.

The company can use about 300,000 different pictures when personalizing your streaming feed so it uses AI to configure the pictures in a way that attracts the customer best.

Netflix has a task force whose sole purpose is to figure out how to get viewers to pick a program to watch in 60 seconds or less.

Top 30 Tech Exits To Watch In 2018

By Troy Hooper While the IPO floodgates didn't open quite as expected in 2017, there were still 27 tech, media and telecommunications companies that went public last year — roughly flat on the previous year.

few others sold in 2017 en route to a planned IPO: SimpliVity investors got $650 million from Hewlett Packard Enterprise and, most dramatically, AppDynamics sold to Cisco Systems for $3.7 billion one day before it was due to price.

Of the 30 names we listed, eight had initial public offerings (Appian, Blue Apron, Cloudera, ForeScout, MuleSoft, Okta, Roku and Snap), three sold (the aforementioned AppDynamics and SimpliVity, plus Shazam) and five undertook growth equity financing instead (Anaplan, InsideSales.com, Social Finance, Tanium and Unity Technologies).

Aryaka Networks The Milpitas, California-based cloud-based network provider is looking to push growth and increase its gross margins before a possible IPO in 2018, CMO Gary Sevounts told Mergermarket last year.

Carbon Black The Cambridge, Massachusetts-based endpoint security company has been eyeing an IPO since 2015 and was on track for a flotation in late 2016 or early 2017, before putting its plans on hold to explore a potential sale.

The company reached $100 million in sales in 2016, and hit cash flow positive in that year’s second half, said Kemp.

Despite two competitors on the public markets —Okta and Cyberark —Kemp said the identity management space could support multiple public companies with many companies finally understanding the importance of such protection.

Ceridian In November 2017, Mergermarket reported that the Minneapolis-based human resources software and payroll processing company began lining up a banking syndicate for an IPO that could launch this year.

The San Jose, California-based cloud security provider is focused on an IPO, even as consolidation in the cloud access security broker space is likely, William Leichter, vice president for marketing, told Mergermarket last year.

CrowdStrike, whose software platform came to national prominence after it detected breaches at the Democratic National Committee by Russian hackers, notched roughly $100 million in revenue in 2016.

Databricks The San Francisco-based developer of Apache Spark analytics platforms is focused on securing large enterprise clients for its data platform as it continues to build toward an IPO, CEO Ali Ghodsi told Mergermarket a year ago.

The San Francisco-based electronic document software developer has publicly discussed a listing since at least 2013, and seemed primed for an IPO in 2015 until then-CEO Keith Krach announced he would relinquish his executive role but stay on as chairman.

The firm’s valuation will be scrutinized by public investors, who could challenge the $10 billion valuation it fetched when it raised private capital in 2014.

The San Francisco-based enterprise resource planning firm was on track to reach cash flow breakeven in the second half of 2018, when an IPO could become a serious consideration, Mergermarket reported in July 2017.

But with the EBITDA-positive startup notching annual revenues above $200 million, a bidder could emerge to capture its rapidly expanding business.

InsideSales.com The sales technology developer went to the private markets for capital again in 2017 —a $50 million round valuing the company at $1.5 billion.

Peloton would be wise to go public in 2018 in order to fetch the highest valuation for its disruptive business model, one source recently remarked.

PubMatic, which focuses on helping web publishers sell advertisements through a sell-side platform, first baked off more than three years ago but delayed going public amid concerns over the parlous state of the adtech market.

RetailNext The San Jose, California-based software analytics developer for retailers and shopping malls pushed its potential IPO back to 2018 so it could capitalize on a greater revenue forecast.

CEO Jérôme Lecat told Mergermarket in February 2017 that the San Francisco-based data storage company is aiming for an IPO in 2018, though he conceded that it could opt for private funding instead.

Spotify The Stockholm-based music streamer is taking the unusual approach of a direct listing— a strategy sometimes seen in the financial services and Real Estate Investment Trust sectors, but rarely in the wider US market.

A direct listing, also called a listing by introduction, will enable Spotify employees and existing investors to sell shares on the open market without issuing new stock to raise additional capital.

So far, stock trades in the private market have pushed Spotify’s valuation to $19 billion and some analysts predict it could reach around $20 billion by the time the firm decides to go public.

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