The automotive sector is the biggest spender on digital transformation , according to new research . But challenges including cybersecurity and environmental concerns mean a significant increase in digital spending is also expected in the Electronics and High Technology , Oil and Gas , and Fast-Moving Consumer Goods sectors .

In its latest whitepaper , 4 Key Industries Embracing Industry 4.0 , global technology intelligence firm ABI Research forecasts that the automotive sector ’ s spend on Industry 4.0 technologies will approach US $ 100bn in 2022 and grow to over US $ 238bn in 2030 .

" The automotive industry is not alone in its digital transformation acceleration ," says Ryan Martin , Industrial and Manufacturing Markets Research Director at ABI Research . " Industry 4.0 – also referred to as smart manufacturing , connected manufacturing , the Industrial Internet of Things , and other monikers – has revolutionised the way companies manufacture , enhance , and distribute products using new technologies ."

� NVIDIA AND MICROSOFT NVIDIA and Microsoft have announced a multiyear collaboration with the intention to build one of the most powerful AI supercomputers in the world . The supercomputer will help enterprises train , deploy and scale AI , including large , stateof-the-art models .

� AIRBNB Airbnb has begun to roll out its anti-party tech , which screens reservations to protect hosts . The reservation screening technology has launched in the US , Canada and Australia , and the company plans to expand the technology worldwide in spring 2023 .

� DROUGHTS AND DATA CENTRES Drought conditions in the US are threatening the functionality of some of Big Tech ’ s data centres . According to research by Virginia Tech , the average data centre uses up to 300,000 gallons of water to cool itself each day .

� INCREASE IN DATA BREACHES After a lull in the first half of 2022 , data breaches grew significantly in Q3 2022 . According to findings by Surfshark , data breaches surged by 70 % quarterover-quarter , affecting 108.9 million accounts in Q3 2022 .

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