Data

• [New] This decade will see the world expect Alternative Data and AI to be harnessed for good, like Financial Inclusion.
• [New] Data on China's overseas lending in 2020 will not be available until 2022 for DSSI-eligible countries, and regional databases are several years from estimating 2020 flows.
• [New] 61% of Canadian companies expect cloud to be their predominant app, data and computing infrastructure within the next five years.
• [New] In the next five years alone, IoT devices are expected to generate over 80 ZB of data according to IDC.
• In October, Toshiba Corporation formally announced its Quantum Key Distribution (QKD) system business, aiming to generate $3 billion in revenue from its advanced cryptographic technology for data protection by 2030.
• Global spending on AI will double in the next four years, reaching $110 billion in 2024, as companies see an opportunity to boost innovation, improve customer service and automate routine tasks so their employees can focus on more strategic work.
• NVX-CoV2373 is being evaluated in a Phase 2 b trial in South Africa, now fully enrolled with 4,422 volunteers, and data from a Phase 1/2 continuation trial in the United States and Australia is expected as early as first quarter 2021.
• Spending on smart manufacturing platforms - which enable manufacturers to manage devices, connectivity, infrastructure and data - will reach $32 billion per year by 2025.
• Prescriptive analytics will be a key component for digital transformation success: Advanced analytics are becoming mainstreamed as businesses increasingly collect and analyze data across their organizations, with 35% of U.S. manufacturers deploying advanced analytics in the past three years.
• DJI made a solid case that it does not pose a national security risk to the United States through multiple US-government initiated third-party audits that found that DJI drones do not collect data.
• NASSCOM has indicated that rise in cyberattacks along with data protection and privacy laws will lead to a US$ 35 billion revenue opportunity and job opportunities for millions of Indian professionals by the year 2025.
• Another political area is data privacy: With the passing of the California Privacy Rights and Enforcement Act of 2020 and pending legislation on the Improving Digital Identity Act, it's clear protecting consumer data will be a top priority in 2021.
• In the next 5 years, increased data and privacy regulation will have a big impact on the way we design.
• In 2021, the world's big data industry will continue to grow exponentially, which is great news for marketers - if you know how to harness the power of big data.
• Leading technology companies, such as Microsoft and Apple, have long switched to clean technology to power their data centers and production and have both pledged to become carbon negative by 2030.
• Gartner assesses that businesses will save up to US$ 1 trillion per year in areas like asset maintenance by using the Internet of Things based on data gathered via digital twins.
• 65% of people across the world will have their personal data protected by privacy regulations, compared to 10% in 2020.
• The highest priority for the GWG in 2021 will be rolling out the global training program in the various areas of Big Data and data science.
• While there is an awareness today of what technologies can make AI safer and more responsible, research on emerging techniques for multi-party computation will be a priority in 2021, particularly as organizations seek out new ways to share data without compromising security.
• 2 in 5 (40%) Indian professionals expect an increase in the number of new jobs (up from 19% in April), and 1 in 2 expect their companies to do better in the next 6 months, going into 2021.

Last updated: 10 January 2021