In June 2016, we launched an exciting new feature of the Research and Markets’ blog. The Analyst Q&A series is designed to give our readers exclusive insights on a wide variety of industries and markets, from technology to chemicals and agriculture to logistics. We cover challenges, demand, and growth forecasts, providing readers with invaluable information from the very best researchers and analysts in the business.
Over the last few months, we’ve covered a wide variety of topics and heard many interesting perspectives. For today’s blog, we’ve decided to look back at four of the series’ best pieces.
Susan Eustis, President & Senior Analyst at WinterGreen Research, spoke to us about some of the biggest developments in the technology industry, such as the drone market and industrial robotics, and discusses how technology is transforming the healthcare industry. Here’s what she had to say about the biggest challenges facing the industry:
“To understand the challenges, we need to address the sectors with the most opportunity: robotics, drones, and medical. Automated process for every industry depends on robotics. The challenge is to take the processor chips that were used to create the PC industry and adapt them to the automated process in every industry. When the processors are used to run machines, they are called robots, when they help fly a device around they are called drones.
“The challenge facing the industry is to continue to iterate what has already been implemented. The industrial robots are being extended to provide flexible function. Instead of being able to do one job repeatedly, they are now being used to perform composite tasks.
“In agriculture we see robots doing the same work humans once did with the human overseeing the process. The same is true with self-driving cars. The car makes the decision about how to drive and where, once programmed.
“The market players willing to invest in innovation and with a flexible research culture will dominate the market. New approaches to an existing product set are needed to adjust to change in the market. Companies that are first to market often end up dominating a segment.”
BuddeComm is an independent research and consultancy company, focusing on the telecommunications market and its role within the digital economy. Here’s Managing Director Paul Budde explaining how the digital economy is transforming the financial market:
“Developments, strongly facilitated by the ICT industry, are leading to massive economic transformation processes. We see that whole industry sectors have been replaced by new ones and that traditional business models have been replaced by new ones. The key reason for these transformations is that it can in some instances takes out up to 80% of the costs of those traditional business models.These processes are relentless and are going to further force other sectors to transform as well, developments linked to this include cloud computing, data centres, data analytics (big data), machine-to-machine (M2M), the Internet-of-Things (IoT) and blockchain.
“Especially the latter will have an enormous effect on the financial market, also here it is going to take significant costs out – in this case in transaction processes. How this all will pan out is still uncertain but the fact that nearly all banks are seriously looking into this is a clear indication that it potentially will have an enormous effect on their businesses.
“By taking the complexity out of these systems others can now far more easily participate in these processes and the question is if these banks always will still need to be the middleman in many of these processes? In the digital, sharing and interconnected economy other arrangements for transactions can also be developed and bitcoin (as a subset of blockchain) is one such an option. While its success so far has been mainly limited to criminal activities and the so called dark internet, that is not to say that our inventive mind will not come up with better applications in the near future.
“In the developing world we see that mobile payments are revolutionising the financial world here. In these countries most people don’t have credit cards, often not even bank accounts and through their mobile phones, linked to mobile payment systems, we see whole new financial systems being developed where the banks are no longer necessarily the leading parties.
“In the communities-based sharing economy we see, in some cases, money disappearing altogether – people exchanging services in-kind – and, in other situations, the sharing economy facilitates extending voluntary services within the various communities. This will no doubt lead to other social innovations being developed.”
Black Swan Analysis is devoted exclusively to delivering high-quality data analysis, forecast modelling, and market research within the healthcare sector. In this extract, we asked Managing Director Christopher Ehinger whether he expected to see new technology being integrated into epidemiologic investigations:
“More exciting in terms of epidemiology is the emergence of so-called “telehealth” / remote patient monitoring and apps / devices that track patient biometrics over extended periods of time. Such data could provide valuable insights into the natural history and progression of a disease plus more insight into factors affecting drug efficacy such as compliance and effect of medication to prevent disease progression, treat symptoms or even monitoring of adverse events. Data of this type could be highly beneficial when estimating cost-effectiveness of new drugs (one criticism levelled at past HTA submissions is the limited predictive ability of the available data used in HTAs to estimate the true impact of a new medication).
“And additionally, closer monitoring of patients both pre and post development of a disease with subsequent data mining of the information could generate new hypotheses for risk factors for disease development, first symptoms etc which could in turn lead to better, quicker diagnosis or even prevention of the disease if risk factors can be properly identified.
“This leads us to the inevitable term of “big data”. So far, while everyone has hailed ‘big data’ as a ‘good thing’, not much has come from it. There is now an unprecedented amount of information available to us. On a daily basis we are bombarded with information, but not all of it is useful or accurate. Is this the case with ‘big data’?
“Many lack the skills to filter such large volumes of information to find the truly valuable, meaningful (needles and haystacks spring to mind). It is more important than ever to be able to find and extract the information that you need rather than the hundreds of pieces of misinformation that are readily available.”
Doug Sheridan, Managing Director of EnergyPoint Research, provided invaluable insights on the oil and gas industry. We discussed the latest trends in the market, including the growing importance of digital oilfield technology, the adoption of water-based drilling fluids and more:
“Although adoption has been slower than many proponents had hoped, digital oilfield technology is beginning to play an increasingly important role in enhancing the productivity of today’s oil and gas fields. The improvements in quality and timeliness of information collected both at the surface and downhole, coupled with a growing capacity to analyze and draw conclusions from such data, have improved the industry’s decision-making abilities.
“In the past, everything from the selection of downhole drilling tools to the creation of maintenance programs were often based on insights and conclusions that were months or even years old. With today’s improved data collection and analysis, decisions are more timely, informed and collaborative in nature. The net result is enhanced productivity and efficiency, with the ability to drill and produce more complex wells on an increasingly routine basis.”
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