Internet of Things will find its way into manufacturing

Internet of Things will find its way into manufacturing, smart cities and more; here’s why

Internet of Things will find its way into manufacturing, smart cities and more; here’s why
Today, technology is shaping both business and society like never before and playing an increasing role in everything we do. Technology has redefined the way we interact with each other. In governance, technology has altered the way leaders engage with citizens. In business, technology has now become a revenue generator, thereby changing the economic landscape. Today, business driven technology spending has increased rapidly and digitalisation has become the priority of most organisations. Indian companies are becoming the digital partners of many global multinationals.

The technology trends that will redefine the future for businesses and consumers in 2017 can be enumerated as follows:

* By harnessing the power of data, cloud computing and advanced analytics, artificial intelligence (AI) is set to fundamentally change how we interact with technology by augmenting human capabilities across apps, bots, services and infrastructure. As we move forward, democratisation of AI will fuel future innovations and empower us to solve some of society’s toughest challenges. Businesses can use AI to transform data into actionable intelligence including gaining unique consumer insights, interpreting industry trends and finding accurate outcomes to a wide variety of business problems in real-time.

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* Internet of Things (IoT) will become mainstream as it finds its way into manufacturing, healthcare, smart cities, intelligent buildings, products and processes.

* Machine learning is rapidly becoming one of the most desirable technologies for consumers and businesses together. Earlier data was analysed to understand the past and the present, but machine learning reasons over the data and predict outcomes and future patterns, which further leads to new insights. Moreover, machine learning on the cloud has made it more accessible to everyone.

* Blockchain will optimise digital transformation. This technology will streamline processes to augment speedy transactions, eliminate clearing houses and resolve regulatory bottlenecks.

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