In 2017, 40.0 million people in the U.S. will engage with some form of augmented reality (AR) at least monthly, up 30.2% over last year. Much of A.R.’s growth will be fueled by Snapchat Lenses and Facebook Stories, according to eMarketer.

By the end of 2019, A.R. users will top 54.4 million, accounting for 16.4% of the U.S. population, or nearly one in five Internet users.

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“Users of Snapchat Lenses comprise the vast majority of our A.R. estimates,” says eMarketer forecasting analyst Chris Bendtsen. “Snapchat growth will continue to contribute to A.R. users in the future, but in the next several years, eMarketer also expects Facebook Stories to be a significant growth driver of A.R. usage, since it is now widely available to Facebook’s user base.”

—Source: eMarketer’s AR and Virtual Reality (VR) Forecast 2017

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The global HR software market is projected to reach $9.2 billion by 2022, a CAGR of 2.4%. The growth rate masks a shift from traditional HR functions of payroll, time and attendance and benefits to the lucrative talent management sectors. These high-growth areas include recruiting, training, performance management/business intelligence and leadership/succession management as well as a shift to software-as-a-service.

While the HR software market went through an unprecedented wave of consolidation in recent years, the digital transformation is under way. The ERP software giants pursue a double strategy in acquiring HR software companies by expanding and integrating the new best-in-class HR management functionality into their comprehensive product/service offerings; and introducing broader ERP product/service offerings through HR management loophole.

Transportation and Logistics is the heavy-user of HCM solutions, according to Market & Markets. The growing technological developments in the field of Cloud, analytics and the emergence of mobile technologies have led to the high adoption of HCM solutions in major industries such as banking, financial services, insurance (BFSI), and health care.

By region, North America is expected to be the largest user of HCM solutions. The high adoption of digital technology across all major industries helps the HCM market to grow in North America, particularly in the U.S. and Canada. The market is in the emerging stage in the regions of Asia-Pacific (APAC), Latin America, the Middle East and Africa (MEA). Therefore, these regions exhibit immense scope for the adoption of HCM solutions.

—Sources: HR Software Market Forecast (2012-2022), Market Analysis https://www.marketanalysis.com/?p=338, HCM Market Worth, Markets & Market shttp://bit.ly/2rlbHVg

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The new technologies of what is being called the “Fourth Industrial Revolution” have the potential to transform the global geography of production and will need to be deployed in ways that address and adapt to the impact of climate change, reports the World Economic Forum in a paper titled, “Technology and Innovation for the Future of Production: Accelerating Value Creation.” The WEF paper, prepared in collaboration with AT Kearney, explores the new technology landscape, focusing on five technologies that will have the most immediate impact on production-related sectors. It raises questions for CEOs, government leaders, civil society leaders and academics about the implications for individuals, companies, industries, economies and society as a whole, and as is intended to bring new perspectives and generate responsive and responsible choices.

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The paper maps the full production value chain of activities of “source-make-deliver-consume-re-integrate” products and services from origination, design manufacturing and distribution to customers and consumers incorporating principles of circular economy and reuse. Production fundamentally impacts economic structure at a global to local level, affecting the level and nature of employment, and the environment.

The transformative potential of technology in production systems is widely recognized.Trends toward higher levels of automation promise greater speed and precision of production as well as reduced exposure to dangerous tasks. They also can help overcome stagnant productivity and make way for more value-added activity. The extent of automation, however, causing significant anxiety about issues of employment and inequality.

—Download full report at: http://www3.weforum.org/docs/ WEF_White_Paper_Technology_Innovation_Future_of_Produc- tion_2017.pdf

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With the new SALESFORCE- IBM global strategic partnership, IBM Watson, an A.I. platform for business, and Salesforce Einstein, A.I. that powers the world’s No. 1 CRM, seamlessly connect to enable an entirely new level of intelligent customer engagement across sales, service, marketing, commerce and more. IBM is also strategically investing in its Global Business Services for Salesforce with a new practice to help clients rapidly deploy the combined IBM Watson and Salesforce Einstein capabilities.

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LEARNZILLON LAUNCHES curriculum-as-a-service (CaaS) in Brazil for schools in a unique partnership between LearnZillion (platform provider), GOOGLE.ORG, LEMANN FOUNDATION and NOVA ESCOLA. The project follows similar successful LearnZillion (CaaS) partnerships with Louisiana and New Mexico. RAND looked at the impact in Louisiana, which found teachers were using these resources and it was quickly showing a positive impact on student achievement. This may save public schools money and forever changing a multi-billion dollar industry.

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Millennials are different than older generations in many ways. The generation gap is even wider when it comes to the sharing economy. Millennials embrace the sharing economy at three times the rate of older adults. Millennials are more likely to use a space to stay, like Airbnb, or use professional services, like tax preparation, than people ages 35 and older. While Uber and Airbnb are what many people think of when they think of the sharing economy, the market is more varied than that.

This may be an early indication that the next generation of digital services will be more acceptable to millennials. Robo-advisors for financial consulting and digital healthcare are being tested. For health care, virtual visits, second opinions and digital medicine delivery were most accepted by patients. When it came to robo-advisors, even the millennials had second thoughts. Only 48 percent would access digital advisors for basic financial information. However, the blended method of personal financial advi-sor with digital support was more successful doubling the success rate for investing.

—Source: Maru/Matchbox

Published in Latest News

The expectation of more protectionist regulation under Trump in the U.S. is contributing to a bullish approach to emerging markets, particularly in Asia. This is one view expressed at the Finance Workshop hosted on Lake Como by the Italian think tank, The European House – Ambrosetti.

In a panel discussion on emerging markets, panelists pointed out that the U.S. may be about to repeat mistakes made in markets that have lagged on the world stage. The fiscal stimulus of $1 trillion promised by the Trump presidency can be compared to a similar policy in Japan, where the impact on GDP growth has not been high.

Some members of the panel suggested that innovation will be the biggest driver of growth. Technology investments in the Chinese market, for example, are taking it through the same transition from quantity to quality that was followed in Japan, Singapore and Taiwan.

“Despite global and European pressures, there are certainly some signals of optimism. According to the International Monetary Fund, global GDP will grow this year by 3.4 percent, and it will accelerate to 3.6 percent in 2018,” reports Valerio De Molli, CEO of The European House-Ambrosetti.

Yet, it was suggested that despite the advantages of human capital, financial investment and technical innovation, the lingering infrastructure gap in Asia is still an issue. Natural resource scarcity is a cause for concern in China and may affect other emerging markets as supply and demand imbalances and rapid urbanization start to bite.

“Most of the new entrants into the global middle class will come from these new [emerging] markets,” says Dr. Linda Yueh, Fellow in Economics at the University of Oxford.

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The National Center for Simulation at the University of Central Florida (UCF) recognized the 2017 class of the Modeling and Simulation Hall of Fame in June. The five honorees are:

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David M. Kotick, Naval Air Warfare Center Training Systems Division, chief modeling & simulation (M&S) engineer - A pioneer in virtual communications, he is the Department of Defense’s (DoD) leading subject-matter expert in the field, and holds multiple patents in the fields of digital communications within the Live Virtual Constructive environment.

Frederick L. Lewis, Rear Admiral, United States Navy (Ret.) - Served as the president from 1995-2012 of the National Training and Simulation Association.

Robert M. Matthews, Naval Air Warfare Center Training Systems Division, retired deputy technical director - His imprint on M&S has touched not only a variety of disparate Navy programs across warfare branches, but also a variety of Navy and DoD modeling, simulation and training (MS&T) infrastructure initiatives.

Honorable John L. Mica, U.S. Representative - A champion for the simulation industry through policy, funding and loyal support.

Beverly J. Seay, M&S consultant & UCF Trustee - A founding business leader of the Orlando M&S community who was instrumental in bringing together government, industry and academia to lay the foundation and a set of standards for the integrated ecosystem it is today.

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By 2025, global e-learning will top $325 billion, a CAGR of 7.2%, according to Research and Markets.

Top learning trends are:

>> Learning through gaming

>> Implementation of I.T. security and Cloud-based solutions

>> Online content & digitization

>> Innovations in wearable technologies

>> Learning management systems switching to Cloud-based systems.

By sector, Higher Education and K-12 account for 65% of the global market share, according to TechNavio.“This market will grow rapidly [through 2020] … and will bring about a transformation in conventional learning methods. Factors such as continuous innovation in e-learning tools, delivery methods, advances in technology, and availability of various virtual communication tools will result in the strong growth of the market during the forecast period.”

By region, North America education market share will reach 55% in 2020. Well-established I.T. infrastructure in North America will bolster growth as organizations implement technologically advanced teaching methodologies in educational institutions.

The content segment will account for more than 68% of the total education market share by 2020. The augmented demand for content development from professional and vocational program providers will drive demand. With the significant rise in enrollment for online courses in countries such as the U.S., Germany and the U.K., the demand for content development will increase rapidly.

—Sources:Research and Markets 2017 http://bit.ly/2rkVJKM, Technavio 2017 http://bit.ly/2qBtOVH, http://www.reportlinker.com/p03621935/Global-E-Learning-Market-Analysis-TrendsIndustry-Forecast-to.html, https://www.technavio.com/report/global-education-technology-e-learning-market

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Forty percent of employers globally have experienced difficulties finding employees with the required skills, especially in the manufacturing sector.

The problem gets worse in Asia, particularly Japan and Taiwan. Eighty-six percent of Japanese firms had a problem finding qualified employees. More than 60 percent of companies in Taiwan, Hong Kong, Argentina and Greece also found it difficult to fill their specific job positions. The U.K. and U.S.A. average around 40 percent.

Talent shortages are highest in the following fields:

1. Skill trades (electricians, welders, plumbers, etc.)

2. I.T. staff (programmers, developers, etc.)

3. Sales representatives

4. Engineers

5. Technicians

6. Drivers

7. Accounting and finance staff

8. Management/Executives

9. Production/Machine operations

10.Administrative staff

‘Nations all over the globe will experience profound changes in employment because of scientific and technological advances. The great majority of business around the world are underperforming precisely because their most significant asset—their employees’ knowledge and talent—are unwittingly being suppressed or underdeveloped,” says Edward Gordon, author of Winning the Global Talent Showdown.

—Sources: Manpower Talent Shortages Study http://bit.ly/2jRPYiR,  OECD Report http://bit.ly/1SUgRMz, Institute of Chartered Accountants of Scotland http://bit.ly/1P7Cucs

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