There is a need for the companies across to quickly and hastily adopt the emerging technologies that has the capacity of disrupting their business to avoid any existential crisis.
The technology is altering at a pace of change that has had a profound impact at nearly every single industry including mining, manufacturing and others. These days it’s not enough to keep atop of emerging technologies but to keep ahead of them.
In the forthcoming year, new as well as evolving methods of wrangling data might occupy a center stage within the firm. Advances in artificial intelligence, edge computing and software robots will increasingly be leveraged for competitive advantage as organizations look to quickly and efficiently use data to make better business decisions. There are also chances that the organizations failing anticipate these & other evolving trends might risk a promptly hastening existential crisis.
Companies are experiencing major advances right from a plain model: delivering tedious process tasks to robotic software for automation, also known as robotic process automation (RPA). RPA is already having a positive impact for the early adopters in terms of streamlining their workflows.
Augmented Reality has been well hyped but a bit slow to deliver. Still, the promise is enticing, as per a few enterprise app maker, augmented reality (AR) can offer a number of business benefits to a combination of industries, starting from brick-and-mortal retailers to industrial applications as well as training.
As per a recent research report of 2019, about one-third of firms in the United States are of view that IoT strategies might probably help in boosting their business revenue by increasing their production, data monetization or even by assisting in sales activity. Also, as per the opinion of a few IoT professionals: though there are a lot of advances in IoT edge computing, still the companies need AI & ML tools for handling the data generated in a mode that is even more accessible for business processes.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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