Software Engineering Insights

The exponential growth and development that AI technology has showcased in the past two decades have brought several science fiction movies into reality. Statistics suggest that the global AI market is predicted to reach $190 billion by 2025. The overall market includes a wide array of AI applications including Natural Language Processing, Machine Learning, Conversational AI, Robotic Process Automation, Neural Networking, etc. | Source: Statista

The average long-distance traveler cites congestion as the primary hindrance to their travel plan. With advancements in technology, the decision-making process that guides route planning has become much more streamlined. Artificial Intelligence (AI) backed route optimization systems give travelers the shortest and most congestion-free routes upon user request.

Out of all the stages of the supply chain, logistics deals with the most unpredictable issues. These include factors like weather patterns, fuel prices, and last-mile delivery charges. The gradual adoption of demand forecasting with Artificial Intelligence (AI) is helping the logistics sector to alleviate some of these uncertainties.

When the COVID-19 pandemic hit the world, most of the businesses were unprepared to deal with its consequences. The unexpected shift made them think of ideas that can help them sustain themselves in the competitive market and retain their customers.

Learning is defined as the adaptive intelligent change in response to experience. In humans, it refers to the continuous process of acquiring new skills, values, knowledge, attitude, and preferences based on past experiences. This lifelong exercise in humans is called cognitive learning.

Cloud computing has enabled primary stakeholders in software development to deploy a broad set of resources and services for on-demand usage. Based on scalability, cost, performance, efficiency, and security these stakeholders can choose from a variety of deployment models for making these resources available over the cloud.

Smart homes, wearables, automated cars are some of the popular concepts that introduced the world with the IoT technology and its potential applications. The continued growth of this technology and its use case realization has created a global IoT market of $389 billion, which is forecasted to reach $1 trillion in 2030 (according to Statista). 

Technological advancements and innovations are helping organizations to cope up with the disruption caused by the outbreak of the global pandemic. The IoT industry is no exception.

What is IoT? The Internet of Things (IoT) refers to a network of digital devices over the internet that use embedded sensors to transmit user data between them and the cloud. More popularly known for their application in "smart homes", the purpose of these interconnected systems is to make life easier with devices that communicate independently and respond to human stimuli.

The accelerated adoption of digital solutions in the healthcare industry has resulted in satisfaction, accessibility, and cost-effectiveness in the care system. PHI maintenance over the care continuum, improved patient engagement, streamlined administrative operations, better claim management, early disease diagnosis are some of the advantages that healthcare digitization brings along.