Monday 2 April 2018

The power of three: AI, IoT and blockchain

Adoption of the technologies in corporates across the world has increased in a bid to increase efficiency and make businesses more customer-friendly

Sherlock Holmes, in his debut appearance in A Study in Scarlet, quipped: “It is a capital mistake to theorize before one has data.” The popular discourse surrounding technology trends is dominated by buzzwords and a promise to change the world. In this scenario, decision makers find themselves struggling to differentiate between hype and reality. Acknowledging this environment, we decided to conduct a study to identify the tech innovations that enterprises should watch out for and why. We began with a list of 12 technologies, going deeper to identify the major trends.

We chose to keep things simple by using two axes to classify each trend. First, there should be vibrant research activity happening in the technology, including but not limited to intellectual horsepower invested in patents and scientific papers. Second, the technology should have potential commercial momentum and use cases that provide end users with value. We used the number and the size of commercial vitality events (initial public offerings, mergers, coin offerings in case of blockchain) witnessed in each tech as a surrogate for commercial value.

Using this combination of intellectual and commercial measurement, our study has filtered out the hype while sticking to the reality. Three broad clusters emerged as we evaluated the technologies along the two dimensions of research vibrancy and commercial vitality.

Plotting each technology threw up interesting results. For example, Big Data continues to drive far greater research, patents and intellectual property, compared to its bedfellows Cloud and Mobility. Going deeper, it appears that innovation is actually being spurred by artificial intelligence (AI) and that its urgent need for data is fuelling a growth spurt for Big Data. Similarly, Voice is still in its nascent stages but clearly on its way to becoming a trend if and when it reaches the Android era. The explosion of Android (and some would argue consequently smartphones) was driven by the twin flexibilities of both platform and the apps open for developers to tinker with.

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Article Credit: Livemint

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source http://news.statii.co.uk/the-power-of-three-ai-iot-and-blockchain/

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