At various stages of the buying journey, retail customers today switch between devices quite frequently, sometimes in the middle of a single session. Retail companies must align their digital platforms as well as physical outlets in a way that allows this kind of switching without losing details about any of the saved cart items or billing information. Omnichannel commerce that unifies disparate points of interaction is not just a feature but a default requirement to operate in the e-commerce arena.
Artificial Intelligence (AI) solutions that generate increasingly original content in the form of images, videos, and text have evolved into mainstream technologies today. The underlying innovation that has made this possible is Generative AI, a cutting-edge technology forcing several industries to rethink the way they function while easing workflows for others.
Around the world, businesses have been revving their implementation of technologies that leverage Artificial Intelligence (AI) in some way, shape, or form. While there are several enterprise benefits to the forward momentum of AI tech adoption, there is a laundry list of regulations and compliances to adapt alongside it. Organizations must demonstrate a readiness to adopt AI responsibly.
In the current healthcare landscape, personalization of patient care has become a top research priority and finds a place in active discussions around the improvement of healthcare workflows. The Digital Twin concept is at the forefront of these discussions as it is paving the way for the creation of groundbreaking digital applications that facilitate enhanced precision medicine, clinical trials, and population health.
The extent of innovation and advancement in Augmented Reality (AR) and Virtual Reality (VR) wearable technology has been explosive in the last five years alone. The latest entrant in this domain of technological disruption comes in the form of the Apple Vision Pro; a spatial computer vision-enabled headset that is far more than what meets the eye.
User data and intellectual property in the IT industry have traditionally been protected behind a layer of perimeter security strategies. However, the global movement of development environments to hybrid cloud-based architectures has proven perimeter security measures to be inadequate. Increasingly IT companies are shifting to zero-trust network security measures with the globally recognized motto of "Never trust, always verify".
Every new technological innovation in any industry is dependent on the availability of infrastructure to support said innovation. For instance, Electronic Medical Records (EMR) could not have been a reality without the requisite facilitation of storage and performance-enhancing tools. Solutions implementing Software-as-a-Service (SaaS) is one such requirement for innovations in healthcare.
Compared to traditional brick-and-mortar retail stores, digital retail or e-commerce apps and websites are at an advantage because of the vast amounts of data they produce and also work with. So, e-commerce companies have immense potential to quantify the effectiveness of their strategies for growth and customer acquisition by availing the benefits of reliable Business Intelligence (BI) tools.
FinTech solutions have been revolutionizing financial services as we know them, thanks to their pairing with AI, the blockchain, IoT, and other inventive technologies. The latest technological entrant that is disrupting the FinTech paradigm is Embedded Finance. Embedded finance is increasingly helping simplify the payment processing workflow and opening up newer opportunities for better customer service.
The latest concept taking the world of Artificial Intelligence (AI) by storm is the development of intelligent systems that can be trained to perform a vast array of tasks instead of just one. These are collectively referred to as Artificial General Intelligence (AGI) and recent innovations have been inching toward the end goal of surpassing natural or human intelligence.