Emerging Technologies - A Segment Analysis

There are so many new and emerging technologies going around that it can actually make your head spin, simply, by reading about them! So, where should we start?

- Pradeep Chakraborty

We have the following segments in the emerging tech sector; and there may be more

1. AI

2. Analytics

3. RPA

4. Industry 4.0

5. Robotics

6. Edge

7. IoT/IonT

8. Quantum computing

9. AR/VR

10. 3D printing

AI/ML

Anyone remember the movie, Artificial Intelligence or A.I. from 2001? A.I. tells the story of David (osment), a childlike Android, uniquely programmed with the ability to love. Today, AI tools are set to become key for businesses. You will use them to create revenue opportunities, increase operational efficiencies, improve customer service or boost productivity, and much more.

AI and ML helps create a prediction engine for a specific use case or business application that maximizes accuracy of predictions and minimizes errors. This is achieved as algorithms gain experience in a given context (as they get exposed to and more training data), and the feedback loops built in to the system.

ML can be beneficial for any application that involves prediction, such as medical diagnostics, image recognition, autonomous driving, predictive maintenance, voice assistants, etc. In the context of data science and analytics, AI and ML could be an effective augmentation of current tools and human intelligence, to generate insights from large volumes of data.

With AI and ML, the expectations and growth projections are vast. The confluence of physical and digital is changing the world. eg. Ge Power engineering plays across the entire engineering value chain and is looking to provide value across services, next-generation analytics, AI and digital.