If we do not embrace change, respond to it, and act on it there will be neither growth nor improvement nor survival.
“People in any organization are always attached to the obsolete - the things that should have worked but did not, the things that once were productive and no longer are.”
McKinsey & Company
Advanced predictive maintenance (PdM), enabled by extensive sensor integration and machine-learning techniques, is one of the most widely heralded benefits of the fourth industrial revolution.
This involves the use of descriptive analytics and data visualizations to provide a real-time view of asset health and reliability performance. and it supports rapid fact-based decisions and timely intervention.
Models trained in machine learning can be used to solve classification, prediction, and control problems to automate activities, add or augment capabilities and offerings, and make better decisions.
AI will continue to make inroads into every aspect of our lives. Its potential is to revolutionize how we can anticipate, predict and select beneficial choices.
Quantum computing promises to help find answers to problems too complex for a traditional computer to solve. Industries including automotive, financial, insurance, pharmaceuticals and the military have the most to gain from advancements in quantum computing.
A smart space is a physical or digital environment in which humans and technology-enabled systems interact, like smart cities, digital work spaces, smart homes and connected factories. This area is growing fast, with smart spaces becoming an integral part of our daily lives.
Applying techniques such as text analytics, machine learning, predictive analytics, data mining, statistics, and natural language processing, educational institutions and government agencies can evaluate and improve outcomes.
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