Advancement in robotics, autonomous transport, AI and machine learning could impact more than 5 million people’s jobs by 2020, according to World Economic Forum’s recent study.
‘The Future of Jobs’ study states that over 5 million people’s jobs are estimated to get impacted by technology advancement across verticals and some 2 million new highly-skilled jobs will be created by 2020.
The world is more connected than ever before. Your smartphone connects to your watch, bathroom scale, TV, webcam and car. Websites like Facebook and Twitter catalogue thousands of connections between friends, while LinkedIn tracks our professional connections and past job history. Technology aims to connect just about everything with just about everyone, so how do we even begin to understand and make sense of all these connections? All of this connection information is no doubt stored in a database somewhere.
Data analytics is impacting virtually all industries the world over and the automobile industry is no exception. Inexorably, all business activity is becoming data driven and this is where analytics comes in. According to NASSCOM, the analytics market will double to $2.3 billion by the end of 2017/18, up from approximately $1.5 billion in 2015 and the Indian analytics market will grow at a CAGR of nearly 23 per cent during 2014-2019.
The market is watching an unprecedented shift in Business Intelligence (BI), widely because of technological innovation and expanding business requirements. The recent shift in the BI market is the move from traditional analytics to predictive analytics. Needless to say that predictive analytics is a part of BI family; however, these days that it is emerging as a distinct new software sector.
Remembering Gartner’s predictions for a $16.5 billion-heavy BI industry for the current year, there is absolutely no reason to doubt another round of paramount growth in the data-driven business in 2017. From what analysts are forecasting now, big data goals are already embedded in many companies’ agenda, and slowly yet surely, they start to reflect on business outcomes we can expect 12 months from now.
The overall pace of investments by venture capitalists slowed over the first six months in 2016, according to a report. While the software industry as a whole did well, the number of investments in startups is trending down. After several years of heavy investments in big data startups, the industry could be due for a course change, data suggests.
magine a future where almost every job is done by artificial intelligence. Cars don’t have drivers. Planes don’t have pilots. Hospitals don’t have doctors. Architects have been replaced by intelligent software. Police and the military have been replaced by defense bots. Manufacturing, construction and production are done by large 3D printers.
