Data drives simply everything. A business now finds it unimaginable to sustain and grow without relying on Big Data. Data is helping companies save costs, identify new opportunities, improve efficiencies, tell stories, and get a better understanding of the past to define a better future.
Over the years, AI has helped businesses across the world revolutionise operations; according to a report, 83% of organisations today believe that AI is a strategic priority and will enable them to venture into new businesses as well as sustain a competitive advantage. From speech recognition to problem-solving, image recognition to cognition – AI has achieved this and more. PwC suggests that AI could add as much as $15.7 trillion to the global economy by 2030. However, AI’s lack of computing power and its capability to run only on a specific algorithm makes it incapable of meeting the future needs of businesses.
The value and importance of data is well appreciated and accepted today. Gone are the days of decision-making based on “gut-feeling”. Today, it’s the age of “data-driven” decisions. It also means that organisations need to equip people at all the levels with sufficient tools and data to help them carry on the business in a data-literate way.
The world of technology is an exciting one. What is relevant today becomes redundant in the next moment. Evolution is a constant. Change is a norm. In this very evolving landscape, only those who can adapt and change are the ones who can survive. As life plays out, like science fiction movies of the past what we thought was unimaginable in the late 80’s and 90’s is now a part of our everyday existence. From voice assistants to driverless cars, the future really is NOW. Technology is crossing boundaries and is creating new ones on the road to progress. With so much change happening every day, can engineers, or rather should engineers even think of remain confined to the straightjacket roles that were defined decades ago?
The Future of Work is here, and the conversation around it is only getting louder.
“The main tenet of design thinking is empathy for the people you’re trying to design for. Leadership is exactly the same thing – building empathy for the people that you’re entrusted to help” – David Kelley, IDEO Founder
We are truly steeped deep in the age of the customer, where ‘choice’ is the recipe for success.
Over the last decade, we have witnessed the exponential growth of Big Data around the globe. Big data is now projected to grow to a massive 175 zettabytes by 2025 – up from 50 zettabytes today. The Internet has driven this growth – mainly due to the growing prevalence of rich media files, social networking platforms, and more recently, smarter, and connected IoT devices.
The advent of Artificial Intelligence (AI) is no less than a revolution in the world of technology: from self-driving cars and chatbots, to personal assistants and intelligent thermostats – AI is poised to take routine tasks out of human hands, and completely transform all aspects of our daily lives. Do you know? 84% of enterprises believe investing in AI will lead to greater competitive advantages. The message to CEOs is clear: it’s time to make the plunge and leverage all the benefits that AI has to offer.
When the whole world seems to come to a standstill because of the COVID-19 pandemic, the two sectors that have become extremely critical are agriculture and healthcare.