From robotics and artificial intelligence to virtual reality, digital innovation is poised to accelerate this year.
Change has always been a constant, but it is now happening faster than ever before. The exponential pace of technological innovation is leading to a world of templosion, in which very large things happen in increasingly compressed amounts of time. The impacts of this acceleration — and digital transformation — will be felt everywhere.
Below are four areas where this era of templosion will play out this year:
John Flannery, GE Healthcare’s chief executive officer, told the Financial Times that when he started his job last year, he “didn’t come with a mandate to do big M&A.” Instead, Flannery, who held many different GE jobs during his 27 years with the company, said he would be focusing on organic growth.
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We are moving toward the fourth industrial revolution, in which mobile communications, social media and sensors are blurring the boundaries between people, the Internet and the physical world.
Data is increasingly building up on who we are, who we know, where we are, where we have been and where we plan to go. Mining and analysing this data lets us understand and predict how people behave at the individual, group and global level. These swathes of new digital data are as valuable for economies and societies as they are fraught with questions about privacy.
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In the era of Big Data, project managers need a new skillset and mindset.
Before 1998, the word terabyte didn’t exist. In 2007, the first 1 terabyte hard drive was brought to market. By 2020, we expect GE machines to produce 10 to the 6 terabytes per day of information — 1 million times the size of that hard disk. At GE Oil & Gas, we have unprecedented access to information about our technology and networks, from cradle to grave.
How collaborative robotics is accelerating the next industrial revolution.
When you hear about innovative technological advances that are reshaping industries, chances are you aren’t thinking about a factory floor. Not much has changed there since the first industrial robots were deployed in the 1960s — until now.Categories
Devising strategies to protect Big Data is as important as analyzing the information.
Big data is becoming an increasingly important part of the business plan for companies in many different industries. Analyzing large customer datasets and other kinds of data with tools like Hadoop reporting lets companies save money as well as boost revenue by targeting their marketing better, designing products to better appeal to their customers, make better predictions, and so on.