Entrepreneurs need little convincing that technology is important, rapidly evolving, and likely to have a profound impact on their businesses. But keeping track of developments, and knowing where to focus one’s attention, is anything but straightforward.
Analysts at PricewaterhouseCoopers say the impact of constant technological breakthroughs represent a “megatrend” – a change so big that “every business should develop an emerging technology strategy”. They have highlighted eight key areas that all businesses should pay attention to.
The artificial intelligence market is growing rapidly and forecast to be worth $36bn by 2025. Prof Michael Feindt, a former Cern scientist and now chief scientific officer at predictive applications company Blue Yonder, says machines can learn from past experience better than humans can and are very effective at making unbiased predictions.