We are now living in the Hyper Connected World where People to People, People to Things and Things to Things are connected. Hyper connectivity has forced people to adapt to a Digital Lifestyle and also gives life to inanimate things such smart products and digitised services.
Artificial Intelligence in industry, experts are predicting, will change everything about the way we produce, manufacture and deliver. Cognitive computing, machine learning, natural language processing – different terms have emerged as development of the technology has progressed in recent years. But they all encapsulated the idea that machines could one day be taught to learn how to adapt by themselves, rather than having to be spoon-fed every instruction for every eventuality.
Connected, intelligent products that communicate with users, new digital business models that harness collected data to offer additional services and as-a-service products, products on the assembly line that tell shop floor machinery how they are to be processed. The core of Industry 4.0 is highly intelligent connected systems that create a fully digital value chain, the 4th industrial revolution enabled by the Industrial Internet of Things. Three key trends are changing the way of life for industrial companies
• Digitize • Industrialize • Optimize
A growing adoption and awareness of the smart city concept by an expanding set of government leaders. Information from IoT (drones, wearables, connected devices), social media, crowdsourcing and sharing economy companies will have a greater impact on cities. Smart cities also mean better protection against natural disasters.
The following are the areas in which analytics could have a profound effect on ‘Smart Cities’.
E-Commerce is a very dynamically evolving industry and this is primarily because of its underlying ever-changing technology.
Everything has now moved to a big data environment where everything is done seamlessly by E-Commerce industry and customer doesn’t even notice.
Gamification analytics is about tracking behavior so that the interaction with the system (game) will become simpler, more compelling and more engaging.
Gamification is gaining traction in a big way – the category was listed on more than a dozen Gartner Hype Cycles, the media buzz has hit a fever pitch and analysts continue to project the market to cross $2.8 billion by end of 2016.
Gamification will emerge as a competitive differentiator. In its recent Magic Quadrant for Customer Engagement Center Workforce Optimization, Gartner called out gamification as a powerful force in employee satisfaction and productivity.
Today, sports are generating more data than ever before. Sports organizations have an unprecedented opportunity to use data to improve their decision-making and power their performance.
Big data analytics help sports organization use data to win more games, reduce operating costs, strengthen brand value, how to actively engage with fans on league and team sites, social media and public forums and generate additional revenue across new and existing channels.
The following are the areas in which analytics make an impact in sports industry
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