The flood of data being generated by smart, connected things and machines will be a driver of innovation and growth for Intel.
Brian Krzanich, CEO of Intel, calls data “the most important force in technology”, and expects Intel to “play a vital role in transitioning this data into practical and important tools to drive business and innovation”.
The number of data-rich markets is large and growing quickly, which is also expanding the addressable market for silicon-based products. More data requires bigger, faster memory as well as new modes of connectivity and more IT spending on devices, data centers and networks. Data is also informing where Intel directs its R&D investments.
Krzanich says: “If the market doesn’t generate data, analyze data or use data to drive action, we won’t play in it.”
While some data-rich markets are nascent, Intel sees profit potential. The company has won a leadership position in the established markets for server and PC microprocessors, and these markets (worth an estimated $45-billion combined1) will continue to be significant sources of revenue, profit, scale and IP.
That said, the company is setting its sights on a much larger silicon opportunity fuelled by the explosion of data. Intel estimates the total addressable market for silicon will grow to $220-billion by 2021.
Intel plans to invest in opportunities that build on its strength in PCs and servers, leverage its manufacturing leadership, and benefit from Intel’s scale.