PPB October 2019

Five Tech Terms To Know 1 Biocomputers : These computers use biological materials such as DNA and proteins to perform calculations involving data storage, retrieval and processing. 2 Ambient working experience : Facilities such as conference rooms will identify users and provide assistant functionality and immersive collaboration experiences. 3 Digital twin : A digital replica of a physical asset, process, system or service, a digital twin promotes understanding, identifies problems, develops new opportunities and helps plan for the future. 4 Context aware computing : This kind of computing involves applications and services that take advantage of contextual data about a person or object to proactively anticipate the user’s needs. 5 Smart contracts : These digital, peer-to- peer contracts are written into lines of programming code. They allow business rules agreed by the parties to be embedded across a distributed, decentralized network. Source: Atos Eight Tech Trends Your Clients May Be Talking About 1 Artificial Intelligence 2 Machine Learning 3 Robotic Process Automation 4 Blockchain 5 Edge Computing 6 Virtual Reality and Augmented Reality 7 Cyber Security 8 Internet of Things The Case For AI • The AI market is projected to become a $190 billion industry by 2025 • 83 percent of early AI adopters have already achieved substantial (30 percent) or moderate (53 percent) benefits • 63 percent of consumers believe AI will help solve complex problems that plague modern societies • Global spending on cognitive and AI systems is expected to reach $57.6 billion in 2021 • By 2020, AI will eliminate 1.8 million jobs and create 2.3 million • AI will boost profitability by 38 percent and generate $14 trillion of additional revenue by 2035 Sources: PWC, Deloitte, Markets and Markets, IDC, Venture Harbour, Accenture Hit The Road By 2021, 10 percent of new vehicles will have autonomous driving capabilities, compared to one percent in 2017. Source: ComputerWeekly.com About Face The global facial recognition market is worth an estimated $3.2 billion. By 2024, the market could generate $7 billion in revenue. The biggest drivers of growth include surveillance in the public sector, security and law enforcement, health, and marketing and retail. Source: MarketsandMarkets Alexa, Did You Get That? The global intelligent virtual assistant market topped $2.3 billion in 2018 and is projected to reach $19.6 billion globally by 2025. Growth is driven by increased usage of smart speakers, rising investments in smart homes and the Internet of Things (IoT). Source: Zion Market Research | OCTOBER 2019 | 53 GROW