In the business world, the term Artificial Intelligence (AI) has brought a big change. Most of the companies and enterprises have been adopting new technologies - AI and machine learning - to automate their business process. Properly harnessed, AI can enhance worker productivity and help to garner fatter profit margins.
Internet of things (IoT), Industrial Internet of Things (IIoT) and consumer IoT will be the next big things in 2018 and it is speculated that the trends for IoT technologies will continue. The demand for IoT products and services will rise exponentially this year. By 2020, more than 20 billion devices will be connected to IoT. According to Gartner, a leading research firm, the IoT product and service suppliers will generate more than $300 billion in revenue. Global spend on IoT Technology Products and Services by enterprises is expected to grow at 18% CAGR to reach USD 322 billion in 2022. While IoT Services to grow USD 78 Billion in 2017 to USD 190 Billion in 2022. There will be a huge demand for services such as Advisory & Consulting, Product Engineering, System Integration and Managed Services.
‘Blockchain’ is the latest buzzword in the financial domain as well as in the tech world. In the financial domain, there are many types of coins or cryptocurrencies available, these are said to be the most secured digital asset in the world, of late. These digital currencies are empowered by blockchain technology.