More CIOs and CTOs are exploring the commercial value of intelligent systems that can enhance their organization’s performance. Global business value from artificial intelligence (AI) is forecast to total $1.2 trillion in 2018 — that’s an increase of 70 percent from 2017, according to Gartner.
“Most interest in blockchain applications for digital advertising centers around bringing transparency to the programmatic ecosystem, which has been blasted in recent years as a murky black box plagued by fraud and shady players,” said Nicole Perrin, senior analyst at eMarketer.
The new reality of the Fourth Industrial Revolution forces us to think and act in a new way: we can’t solve new problems by applying old methodologies or outdated mindsets. To truly adapt to the future of work, we will need to be guided by a moral compass, a radar that helps us avoid dangers and allows us to discover opportunities for everybody.
The biggest issue isn’t that robots are taking all the jobs—it’s that there aren’t enough humans to take them. Indeed, the study finds that by 2030, there will be a global human talent shortage of more than 85 million people, or roughly equivalent to the population of Germany. Left unchecked, in 2030 that talent shortage could result in about $8.5 trillion in unrealized annual revenues.
via Korn Ferry
Overall, global TMT activity was up 87.1 percent in value in Q1 2018 to $134 billion worth of deals compared to $71.6 billion announced in Q1 2017. However, deal count fell by 20 transactions — from 815 deals in Q1 2017 to 795 in Q1 2018 — continuing a downward trend over the last three quarters.
Less than half of CEOs (48 percent) see their organization as a technology leader in their industries. Moreover, less than 10 percent of CEOs globally say they are “extremely satisfied” with their organization’s ability to innovate, and they continue to struggle with how to measure innovation.
Many CIOs and CTOs are pursuing a competitive advantage that’s enabled by emerging technologies. As an example, early-adopters in the automobile industry are exploring use cases with Augmented Reality (AR), because it offers benefits to the whole value chain — from product design through production and sales.