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Businesses will have to embed innovation in their DNA to future-proof their operations for the unparalleled pace of technological change in what we refer to in our Tech Vision 2020 as the post-digital era. In the past, businesses with a unique asset could enjoy a competitive advantage and sweat that asset for ten, twenty or even thirty years before their competitors caught on.
People’s love for technology has let businesses weave it, and themselves, into our lives, transforming how we work live and interact in this new world which we are referring to – in our Tech Vision 2020 – as the 'post-digital era'. But now we are being held back.
We have been acclimatised to the concept of artificial intelligence (AI) and heard the hype about the 4th Industrial Revolution (4IR). Now prepare for the next stage – when advanced AI meets 4IR to enable the always smart, always learning, ubiquitous computing of the future.
Initially, computers were primarily used by academics and for research. Today, one cannot fathom life and work without some sort of computing power aiding in our daily activities. In addition, we have reached the point where a pocket-sized device is vastly more powerful than a computer the size of a city block was just a few decades ago.
The 4th Industrial Revolution (4IR) has become a buzz word in many forums discussing global economic trends. The revolution is presented as the next inevitable event that will sweep the entire world.