“AI raises the analytical capabilities of CPG manufacturers and retailers to a new level and helps to optimize decision-making and to automate processes and actions. This includes optimizing internal processes such as logistics, inventory, and supply chain management.”
For the first time in 100 years, new technologies such as artificial intelligence are causing firms to rethink their competitive strategy and organizational structure, say the authors of a new book, ‘Competing in the Age of AI’.
By 2030, AI could add $15.7 trillion to the global economy. But its manageable implementation is a global challenge. The World Economic Forum is working with industry experts and business leaders to develop an AI toolkit that will help companies understand the power of AI to advance their business and to introduce the technology in a sustainable way.
“While there is a lot to be excited about with 5G, and there are impressive early success stories to fuel that enthusiasm, the road to realizing the full potential of 5G beyond enhanced mobile broadband is a longer-term endeavor, with a great deal of work yet to be done on standards, regulations, and spectrum allocations.”
2019 was the year that high-performance computing (HPC) in the cloud hit a tipping point. Cloud spending for HPC work is projected to jump from just under $2.5 billion in 2018 to approximately $4 billion by the end of 2019 — that’s a 60 percent jump.
via Next Platform