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IoT is the most-talked-about technology in every part of the world. And it is predicted that the IoT wave will catch up the global IoT market to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%. Thereby the leading enterprises from various Industrial sectors are keen on adopting IoT and its long-term benefits. And here is a look on interesting findings from Bain’s latest IoT research: Unlocking opportunities in the internet of things.
Bain forecasts the combined markets of the Internet of Things (IoT) will grow to about $520B in 2021, more than twofold the $235B spent in 2017.
Data center and analytics will be the fastest growing IoT segment, achieving a half Compound Annual Growth Rate (CAGR) from 2017 to 2021.
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2018 is a year full of surprises, and we have seen advancement and changes occurring in e-commerce, as well. Artificial Intelligence is really taking over the world. AI is everywhere now, particularly in the eCommerce sector. And this article is focusing on four leading e-commerce firms and their use of AI.
In the April 2017 letter, Bezos Amazon CEO, says:
“Big trends are not that hard to spot (they get talked about and written a lot), but they can be strangely hard for large organizations to embrace. We’re in the middle of an obvious one right now: machine learning and artificial intelligence.”
“Artificial intelligence will revolutionize how businesses compete and grow, representing an entirely new factor of production that can ignite corporate profitability,” said Paul Daugherty, chief technology & innovation officer, Accenture.
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Node.js is a lean, fast cross-platform application runtime environment that allows you to server-side applications built on Chrome’s V8 JavaScript engine. Actually, 98% of tech giants like PayPal, LinkedIn, Netflix, Airbnb, Walmart, Uber, and even NASA uses Node.js. And of course, smaller tech startups have built their platforms using Node.js and increasingly more enterprise companies are migrating their platforms from legacy code to the more robust and streamlined Node.
As Wikipedia states: “Node.js is a packaged compilation of Google’s V8 JavaScript engine, the libuv platform abstraction layer, and a core library, which is itself primarily written in JavaScript.” Beyond that, Ryan Dahl, the inventor of Node.js, was aiming to devise a system for building websites with real-time push capability “inspired by applications like Gmail”. In short, event-driven programming is the heart of Node. That is, Node.js is a programming tool for working in the non-blocking to make 2-way connection websites (client and server) with free data exchange, unlike the previous “request/response” programming.
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Artificial intelligence is never again going to remain the mystery sauce of giant technology companies. Google laid out how it is bringing artificial intelligence to developers, as well as integrating more AI capabilities throughout its cloud products. So developers can utilize these AI cloud services to give the best user experience.
Google I/O 2018 kicked off with a key theme of AI for everyone. In the current year’s I/O, Google exhibited that AI cannot simply help to make items more valuable, they additionally rethink to cool new user experiences. Here is a brief synopsis of Google’s featured declarations made so far on AI, that may intrigue developers and businesses.
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IIoT (Industrial Internet of Things) is fairly a new concept for industries and it is presenting a huge opportunity in helping enterprises to operate more safely and productively while improving efficiency and reducing costs.
Forbes Insights recently surveyed more than 500 executives and, when asked about their greatest challenge in building out their IoT capabilities, 29% said it was the quality of IoT technology. This isn’t surprising. In some cases, IoT platforms must support thousands of vendors, dozens of standards, and be able to scale to millions of devices, together sending and receiving billions of messages.
Still, many companies facing problems with the adoption of industrial IoT without knowing where to start and which automated processes will contribute to the highest increase in effectiveness. And each IoT story varies.
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