When we take a closer look at technology, there is a huge need for facilitating efficient technologies that help with optimization and costs, which now it is more necessary than ever. In every organization, efficiency is prized. Before the era of agile methodologies such as Kanban, humans have strived for more effort. This effort is seen even in James Watts improvements to the steam engines or the innovations of the assembly line by Henry Ford and others.
Nowadays, emerging technologies such as AI, IoT and cloud are the best examples when it comes to cost optimization. For instance, the robotic process automation is a technology that blurs the line between human and pure automation. This allows robots to interact directly with different kinds of graphical user interfaces that are used by people. Robots are trained to watch and recreate what a human does, and then eventually they improve themselves in terms of speed and reliability.
Table of Contents
Industries Look for Digital Transformation
img source: forbes.com
Gavin Jackson, Senior Vice President and Managing Director at EMEA, said that most large enterprises are looking at a digital transformation and look to build a set of particular attributes. They look for attributes that are digitally native are the best for startups or tech companies. For example, startups hate the idea of waste. They hate any kind of time spend on anything else except building their products, serving their clients and reinventing the world. These are one of those attributes that are attractive for companies that have been around for a long time.
For example, even for gaming companies, the future looks bright because the gaming industry utilizes more technology than any other sector. The latest hardware and software drive it, the newest technology innovations also make an appearance here as well. The only gaming industry that is going a little bit slower is the iGaming industry because it requires regulations and legislations. However, in the case of iGaming, many online casinos like Admiral Casino have grown in popularity, and innovation is so much needed in this industry because it can provide much-needed relief.
Technology in the Gaming Industry
img source: smushcdn.com
Besides, this industry also needs Ai applications and the use of IoT, which prove to be essential in the development of online gaming enterprises. They change the way players play and provide a much safer and more streamlined experience. In the case of iGaming, casinos now use Ai and IoT to streamlines responsible gaming tools and aids in player security.
Also, the future of the gaming industries will reflect the future of the whole world because real changes need to be made. Even if there are lightning-fast internet connections, and people want high-quality gaming, data needs to be processed as fast as possible. Still, sometimes the process often can run into problems. The answer to this problem is edge computing.
Games are now accessed through the cloud, which is located in a centralized server or series of servers. However, these servers can be far away, and there can be issues when data is transferred, and there are latency problems and the game lags. Edge computing helps with bringing the cloud closer to the player, which means that the lag will go away. Gaming, while there is no lag, is the perfect type of gaming.
The edge of computing will also benefit from the push of 5G technology because that means that there will be more IoT-connected devices that can clutter the network. However, edge computing can disperse the data into manageable centers. The 5G technology will help the gaming industry to see the dawn of VR, AR and smart-devices. With the widespread implementations of AI and IoT devices, the gaming world will have increased security, enhanced user experiences, and effortless online gaming is waiting.
Technology in the Robotics Industry
img source: wordpress.com
Besides, the gaming industry, whatever the form isn’t the only industry that uses technology. For example, the RPA space (Robotic Process Automation) has been in focus as well because more and more companies are upgrading their versions of this technology through the use of machine learning and AI. These solutions go under several names, such as Intelligent Automation and Intelligent Process Automation. For example, Cognizant’s offering identifies the potential of automation in tasks that go across the business operation, thanks to machine learning. Cognizant offers the so-called “Robotics-as-a-Service” which frees the human work in less menial tasks.
McKinsey from IPA predicts that in 2025 automation technologies will have a financial impact. Besides, the cloud is another avenue that helps with cost optimization while also adds capability. Cloud computing enables companies to trade capital expenditure for operations expenditure, in short terms, Capex to Opex. More companies start to rely on the use of remote servers, instead of owning the hardware and operate the hardware themselves. The use of remote servers is much easier to maintain. Because companies can connect to the cloud servers by using proprietary software for the private cloud model or give access to third-party software when it comes to the public cloud. Also, even a hybrid cloud can be approached, which means that the jump to legacy systems can be less traumatic.
The consultants have done a study from Accenture, where it says that the benefits of utilizing the cloud include are not just for cost optimization but also storage optimization. The cloud is also for better utilization of data, and a more accessible introduction to complementary technologies like big data, machine learning and IoT. Besides, even the software is not left behind, because the software needs to achieve greater efficiency.
img source: novateus.com
The Internet of Things is made up of all kinds of connected hardware sensors which are often considered only in manufacturing settings; however, they can have a significant impact on spaces where we live and work. The Internet of Things benefits both the comfort of an employee and the bottom line of companies.
Ahmad Farrakh Manzoor former Head of Siemens Smart Infrastructure said that when AI is put into the building, humans no longer need to tell if they are feeling too hot because the AI can sense the outside temperature. It doesn’t matter if outside there is a sand storm, or if rain is coming, the Ai can feel if the humidity is too high or too low and by using analytics and sensors it can adjust the environment in the building. For many companies, it is clear to them that having an efficient cost optimization will take them to a whole new level. The much-touted new normal will help businesses to do more with less, and only with the help of emerging technologies, this can be achieved.
Visit https://blog.remesh.ai/ find examples of large enterprises that have successfully implemented digital changes in their traditional business models.
