AI, ML, and IoT for a Complete Digital TransformationBy CIOAdvisor Apac | Friday, March 29, 2019
According to a Jabil survey of early 2018, digital innovation is important for 99 percent of managers. Companies are ready to invest aggressively in digital transformation strategies and to change their technological infrastructure and ecosystems according to modern economic demands. Leadership teams bet on various technologies and the amount of change depending on their destinations. In order to create a newly-acquired asset, many companies create their transformation model big data. Until recently, companies in various verticals have stood on huge quantities of valuable information and have not known what to do with this treasure. Today, the Internet of Things, data services, and analytics are being adopted to help companies transform their businesses.
The duo is ready to leverage in 2019 as the barriers to connectivity continue to crumble as edge computing, IoT-based platforms, communication protocols (low cost and efficiency in power), and low cyber safety are emerging. In addition, in 2019, the AI and machine learning technology, and IoT will play changing roles depending on the organization's digital maturity and innovation quotient in the digital transformation journey.
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The use of AI/ML in many industries, including banking, retail, healthcare (medical forecasts), farming, and farming, is growing considerately. As more companies are taping technology to create this unique distinction, these emerging technologies will again be adopted in 2019.
Today, IoT has been around, and Industrial internet of things or IIoT interconnecting machines and devices are becoming increasingly common in industries like transport, power generation, and health care. There is a clear roadmap for the development of connected autonomous vehicles to achieve cost efficiency and scale. The overall spending on IoT sensors, actuators, related company decision, and analysis systems would be significantly accelerated.
After realizing the benefits of AI, ML, and IoT, many organizations will start their digital transformation journey in 2019. The CDOs are mostly the organizations that have absorbed the benefits and CEOs will start to play an increasingly important role in the establishment of long-term transformation objectives.
Accepting AI and ML throughout business activities requires people’s buy-in. This is where cohesive and clear communication becomes important, as are the provision of platforms for decision-makers and a global culture of misconceptions. The use of AI and ML is even more important for organizations that are at this level of maturity, and CEOs will begin to play a greater and more profound role in digital transformation.