How is your organization structured? Do you have someone specifically tracking and identifying the trends that are important to survival? Technology will be dynamically changing every aspect of business tomorrow and into the next five years, so how are you preparing to integrate it?
Disruption today is constant, and it's changing the way the world works. Some trends catch on for a short time but then fade from our attention, while others are so profound that they transform every aspect of our world and how we work and live in it. As we head into 2019, here are five technology megatrends that I believe will disrupt every industry over the next five years.
1. Artificial Intelligence
Advancements in microprocessor technology, the sheer abundance and explosive growth of data, and improvements in algorithms have caused the artificial intelligence (AI) market to explode in recent years as industries are leveraging AI as a key tool for improving quality, increasing speed and driving revenue growth. From imaging and diagnostics in health care to demand planning in retail, it’s now commonplace to hear terms like deep learning, computer vision and natural language processing bandied about in mainstream business.
AI-powered smart assistants such as Alexa, Cortana and Google Assistant, with intuitive, easy-to-use interfaces between humans and machines, have paved the way for consumer acceptance of AI, and one of the most dramatic examples of AI can be found in autonomous vehicles. Later this year, Audi is expected to launch the world's first production automobile with Level 3 autonomy, while Ford and Volvo are working toward achieving Level 4 autonomy -- all milestones for cars that will eventually operate with little or no human input or oversight.
The rise in the integration of AI with big data and analytics systems is making both predictive analytics and prescriptive analytics much more pervasive. Meanwhile, the growth in sophisticated cybercrimes such as advanced persistent threat attacks and crypto-based ransomware incidents will continue to drive the adoption of proactive, AI-powered solutions for cybersecurity.
2. Internet Of Things
The internet of things (IoT) is rapidly revolutionizing the way organizations across all industries interact with their customers, achieve operational efficiency and optimize business outcomes.
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