satyamkapoor

I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First. ...

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I work at ValueFirst Digital Media Private Ltd. I am a Product Marketer in the Surbo Team. Surbo is Chatbot Generator Platform owned by Value First.

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What's happening in AI, Blockchain & IoT

By satyamkapoor |Email | Apr 10, 2018 | 8550 Views

We can already see how artificial intelligence is becoming an integral part of every company across a variety of industries these days. When investors began to put in money into AI related startups, it got global acceptance. According to a survey by BCG in conjunction with MIT Sloan Management it was found that 23% of companies have incorporated artificial intelligence in their processes and another 23% are undertaking pilot projects.

Let's have a look at some developments taking place in other emerging technologies.

 

Internet of Things

As a result of the rise of reliable networks, inexpensive sensors and intelligent analytics IoT or internet of things has greatly flourished. The BCG survey predicts an increased level of spending on IoT in the coming years. A major portion of this investment will go into the domains of logistics and manufacturing in areas such as fleet management, self optimization and predictive maintenance. The Indian govt. is also pushing this technology and has announced a special 13 digit mobile number that can help power IoT to GSM. In the coming next five years, the ministry of Electronics and Information technology foresees around two billion IoT devices to be functional.

 

Block Chain Technology

Early bird blockchain seems to be flourishing in several segments of industries. Blockchain is always associated with cryptocurrency however as a blessing in disguise, companies have begun to use it for patent tracking, fraud control and invoice automation. In fact, recently an insurer made use of blockchain based product in order to settle claims.

Bitcoin may be a fascinating technology with storage and computation becoming cheaper, however electricity consumption is a heavy cause of worry. In a recent report by Morgan Stanley, it was found that a bitcoin is expected to consume around 125 terawatt hours of electricity by the years 2018. 

Source: HOB