A new study finds companies have accelerated the digitization of their customer and supply-chain interactions and of their internal operations by three to four years. And the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.
A multitude of new devices have been connected to the Internet already this year, and many more will connect in the coming weeks and months. That said, the Internet of Things (IoT) gateway has become an important link in the IoT security and device authentication value chain.
“Many school systems are looking at hybrid solutions for learning this year, where part of the week or school day is completed online while part is completed in school. For this to work, schools’ online learning systems need to allow for seamless integration of in-person schooling, to make sure that students aren’t falling behind when online.”
via CB Insights
Artificial intelligence and robotics are growing fast. Globally there are now 113 installed industrial robots per 10,000 employees in the manufacturing sector — that’s an increase from 74 just four years ago. South Korea leads, with 855 installed robots per 10,000 employees.
Opening up and sharing information about corona virus allows the scientific and academic communities to test new strategies. The Open Government Alliance recommends sharing models used to tally cases and make projections. New Zealand has already shared data on the pandemic’s impact on trade.
Digital technology is at the center of today’s economic development debate due to its wide use during the Covid-19 outbreak. While there is no doubt that the pandemic is amplifying the adoption of new technologies, technological advancements were already changing the world over the past two decades, from living standards to the very nature of our work.
According to the latest worldwide market study by Juniper Research, the volume of B2B payments facilitated by non-banks will exceed 53 billion in 2022 — that’s up from a COVID-related low of 38 billion in 2020; representing 42 percent growth.
“Responsible AI can bolster that competitiveness while reflecting advanced thinking about economic resilience and well-being of populations. Nonetheless, falling behind is dangerous. Governments should weight AI and data competitiveness as heavily as other economic and social improvements and embrace a long-term, strategic approach.”
“IT leaders today are dealing with competing objectives: To keep the lights on — running mission-critical applications while protecting the business from outages — and to enable the business to react to market changes quickly and adopt new technologies or services when they need them (not necessarily when IT is ready or has the cash to spend on them).”
“By 2021, based on lessons learned, over 80% of your competitors will put a mechanism in place to shift to cloud-centric digital infrastructure twice as fast as before the pandemic. By 2023, you will depend upon digital infrastructure as the underlying platform for all of your IT and business automation initiatives, everywhere.”