The Internet of Things is a world that connects people, data, processes, and physical things. Beyond the consumer realm, the IoT is creating a new paradigm in the business world. So how will the IoT impact manufacturing?
The Factory of the Future isn’t some futuristic fantasy. It’s quickly becoming the new reality. And tech-savvy manufacturers are either on board or preparing for change. 40% of manufacturers believe that smart manufacturing and its foundational technology—the Internet of Things (IoT) — are within reach and that it’s the right time to invest.
Digital transformation is the mantra of today’s business but the majority of organisations are still at their earlier stage of the journey. There are five specific hurdles and barriers organisations will face while building an agile digital culture. Being able to acknowledge the problem and to come up with a suitable solution for each challenge will put your business on the right track.
A key tenet of the Fourth Industrial Revolution (Industry 4.0) is the rise of automation, robotics, and A.I. There will be fewer jobs for humans. Who will most likely be affected? Which skill sets will employees need to develop between now and 2030 in order to stay relevant in this new world? A recent report from the McKinsey Global Institute has attempted to answer these questions.
Digital transformation is the mantra of today’s business. It is the process of applying technologies to all aspects of the daily business operation. Nevertheless, digital transformation is more than just upgrading your IT system. It is also a cultural change that requires you to pay extra attention to your business goals and your employees’ behaviours.
Known as the technology behind bitcoin, blockchain has created a profound impact on the financial industry and beyond. But its potential is much more far-reaching and not limited to cryptocurrency. As blockchain continues to evolve, the list of its business applications just keeps expanding.
The world of technologies recently is buzzing with a new terminology: “networked analytics”, which was marketed as the technology behind cloud-based Business Intelligence solution from Birst (recently acquired by Infor). Such breakthrough is expected to help businesses to manipulate data much better than what we are currently doing.
To stay competitive in today’s fast-changing world, all retailers must use technology to aid their business processes and to better meet customers’ expectations and requirements. Let’s have a look at some retail technology trends in 2018 and in the near future.
Read more: AI’s Benefits in Business (P.1)
Over the past 10 years, thousands of developers have flocked to Mountain View, California, to learn about the latest innovations and announcements from the software giant at the Google I/O conference (short for input/output in terms of web development).
More than 7,000 people attended Google's three-day conference this year (from 8th to 10th May) and were provided with a comprehensive picture of Google's upcoming developments. This 2018 event has confirmed some technology trends which are expected to be widespread in the near future.
Read more: Why Google says no to job interviews
Blockchain technology has become one of the buzzwords recently, it even made headlines in Vietnam. There was an entire event last March dedicated to educating fintech personnel and the general curious public about blockchain and its impact.