BizTechReports Features Insights from ABI Research, Boston Consulting Group and IDC

SILVER SPRING, Md. - May 25, 2022 - PRLog -- BizTechReports (www.biztechreports.com) has published its latest roundup of insights and analysis from leading analysts, influencers, and consultants covering the technology markets. Here are their recent news and views:

Based on updated Electric Vehicle (EV) introduction plans announced recently by automakers, the complete transition to EV production for many OEMs could come as soon as 2030. According to ABI Research, auto OEMs will invest an estimated $515 billion in EV-related technologies and manufacturing plant upgrades over the next 5 to 10 years. To read more, please visit: https://www.biztechreports.com/news-archive/2022/5/20/auto-oems-to-invest-515-billion-in-ev-related-technologies-and-upgrades-but-supply-chain-challenges-remain-finds-abi-research

Boston Consulting Group finds that the retail industry must work harder and faster to deliver on climate change commitments. Companies are stuck at "sustainability basics" -- only doing enough to comply with regulations and meet the minimum expectations of investors and other stakeholders. More aggressive sustainability initiatives could offer numerous advantages to retailers if implemented. To read more, please visit: https://www.biztechreports.com/news-archive/2022/5/23/less-than-20-of-retailers-are-on-track-to-meet-their-sustainability-targets-but-there-are-reasons-for-optimism-says-bcg-study-in-partnership-with-world-retail-congress

According to IDC, Australia's spending on AI systems will grow to $3.6 billion in 2025, representing a compound annual growth rate of 24.4%. Organizations have increased their investment in artificial intelligence (AI) to keep up with the changing digital environment, which aids in better business decision-making and customer service. To read more, please visit: https://www.biztechreports.com/news-archive/2022/5/24/australias-spending-on-artificial-intelligence-ai-to-double-to-36-billion-by-2025-says-idc

BizTechReports is a syndicated independent reporting agency with offices in the Washington, D.C. area that is dedicated to covering the researchers, analysts, consultants and industry influencers who report on the new developments that are making a difference with how it is that we live our digital lives.