Frost & Sullivan has published a new report analysing technologies with the highest funding and their impacts in sectors including ICT, energy, advanced manufacturing and environment.
Analysed technologies include big data, distributed energy generation, smart water grid and artificial intelligence.
Key study findings include:
- Government funding boosting research in next-generation AI solutions and applications.
- Countries looking at AI as a key to achieve economic growth
- US supremacy in AI is being challenged by China. Despite having fewer startups in 2017, China invested more in AI than the US.
- Japan is using AI to shift toward Society 5.0
- The all-time highest AI investment was witnessed in Q3 2017
Distributed Energy Generation
- North America is leading in terms DER investments
- Europe is expected to be the leader in distributed bioelectricity production
- The Growth potential of Asia-Pacific solar PV is restrained by changes in Chinese solar policy
- Middle East and Africa demonstrate a substantial growth potential
Smart Water Grid
- North America is leading in terms of deploying smart water meters followed by Europe
- Asia-Pacific is a leader in terms of conducting research activities on smart water
- Innovations in smart water grid are driven by government-initiated Investments
Keyfactor driving adoption is the need for insight-driven business operations and customer services
- The emergence of AI is driving investments in big data infrastructure
- China to enjoy an advantage in the big data market in the near future
- The majority of global firms have plans to invest in big data analytics guest
- Highest funding in big data was reached in 2014
For more information about the report, visit: 'Technologies with High Funding: Impact Assessment and Growth Opportunities.'
This article was published on our sister website Smart Energy International.