Productivity gains from new technology in one industry can lower production costs in others through input-output linkages, contributing to increased demand and employment across industries. Higher demand and more production in one industry raise demand for other industries.
“Over the past several years, fintech firms have disrupted traditional banking paradigms. By combining modern technology with a laser focus on improving consumer experiences, large and small fintech firms have brought unprecedented changes to the banking industry.”
via Financial Brand
AI technology is poised to become more visible across the healthcare process and clinical workflows. There will be significant opportunities in the virtual assistant space and other data-driven AI applications,” said Chandni Mathur, an analyst at Frost & Sullivan.
“Initial results of this study are suggesting blockchain can facilitate the decentralized electricity markets that create more grid flexibility – as long as we have enough decentralized computational power to support the market.”
Worldwide spending on public cloud services and infrastructure will more than double over the 2019-2023 forecast period, according to the latest market study by International Data Corporation (IDC).
“Data is a precious commodity in the supply chain. But leveraging its value with blockchain raises commercial and compliance issues, which have the potential to significantly hinder blockchain adoption if left unaddressed.”
Cost is one of the biggest inhibitors to enterprise AI adoption. Suppliers can empower their clients to overcome this hurdle by offering granular, consumption-based pricing and flexible licensing for all AI offerings, from core technologies, applications, APIs, or services.