by Angela Guess

A recent press release states, “Deloitte forecasts double digital growth in machine learning deployments for the enterprise, an increasing worldwide appetite for digital subscriptions among consumers, and ongoing smartphone dominance — along with eight additional predictions — as part of the 17th edition of the ‘Technology, Media & Telecommunications Predictions.’ Among the findings pertaining to the enterprise, this year’s report indicates that business organizations will likely double their use of machine learning technology by the end of 2018. TMT Predictions highlights five key areas that Deloitte believes will unlock more intensive use of machine learning in the enterprise by making it easier, cheaper and faster. The most important key area is the growth in new semiconductor chips that will increase the use of machine learning, enabling applications to use less power, and at the same time become more responsive, flexible and capable.”

Paul Sallomi, vice chairman of Deloitte LLP, global TMT industry leader and U.S. technology sector leader, commented, “We have reached the tipping point where adoption of machine learning in the enterprise is poised to accelerate, and will drive improved business operations, better decision making and provide enhanced or entirely new products and services.”

The release adds, “TMT Predictions includes a number of consumer forecasts as well. Deloitte predicts that live broadcast and events will generate over $545 billion in direct revenues in 2018. Despite consumers’ capability to consume content on demand or attend events remotely, live consumption is thriving. Also, in many cases, live content’s performance has been made more productive and profitable by digital. This indicates an increasing willingness from consumers to pay for digital content. Deloitte also predicts that by the end of 2018, 50 percent of adults in developed countries will have at least two online-only media subscriptions, and by the end of 2020, the average will have doubled to four.”

Read more at PR Newswire.

Photo credit: Deloitte