![]() To do this, organisations must rethink the way they operate and identify the areas where new technologies can create most value. Instead of getting lost and drowning in data, companies can overcome this by taking steps to implement powerful development platforms and integrating them with AI technologies – most notably, machine learning and predictive analytics. Managing the data can be challenging, it has to be extracted properly. This can especially be the case for businesses that wouldn’t necessarily classify themselves as tech titans. #Embrace pangea how to#Coping with the sheer amount of data is a task in itself, let alone figuring out how to efficiently handle, integrate, model and construct it. Sure, the adoption of AI and machine learning technologies has its pain points. Indeed, if you’re not thinking about implementing these technologies now, you will soon find yourself on the losing side. In other words, if you’re fascinated by the potential of, say, artificial intelligence but not ready to take the necessary steps to move your organisation towards implementation, then you’re playing directly into your competitors’ hands. Obviously, simply recognising how great these technological advancements are is not exactly enough to yield tangible results from them. So what’s holding them back from fully employing them? Go beyond just recognition It is clear, then, that companies are drawn to the potential that new technologies hold and recognise the benefits they can have. A recent survey conducted by the Economist Intelligence Unit, intended to gauge the current and future use of IoT by the global business community, shows that almost half (47%) of businesses agree that IoT will be one of the most important parts of their organisation’s digital transformation strategy. These are the tools of the future, pioneering new growth and developing new revenue streams. Machine learning technologies are disrupting industries. Sensors are in everything that we do and use. These encompass artificial intelligence, robotics and cognitive applications, with 72% of Fortune 500 CEOs stating that their greatest challenge is in keeping up with the rapid pace of technological innovation.īut the technology of tomorrow is already here. In an interview with CNBC, Peter Diamiandis, MIT Space Engineer, said that 40% of companies will no longer exist in 10 years if they refuse to embrace new technologies. ![]() ![]() 40% of companies will no longer exist in 10 years if they refuse to embrace new technologies Click To Tweet Yesterday’s sci-fi is today’s reality ![]()
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