Why Covid-19 has made digital the need of the hour
What does the term digital mean to you? Before Covid-19, the term digital felt merely aspirational when it came to business transformation. But then everything changed. There will be no going back to the world we had known before, and now a move to digital is a requirement to keep pace with demands from businesses and consumers alike.
At the same time, Industry 4.0 is steadily underway and encouraging cloud adoption to keep pace with technology’s rapid change. McKinsey estimates AI can deliver global economic activity of around $13 trillion by 2030. In India specifically, Phoenix Research predicts that the AI market will grow significantly through 2025, with increased adoption of cloud-based services and growing demand of intelligent virtual assistants. By 2023, the worldwide number of IoT-connected devices is expected to increase to $43 billion. Read more…