A few of the technologies that will play a major role in the business world over the coming years have been identified. These technologies are- social media analytics, wearable technology, Internet- of- Things (IoT), augmented analytics, cryptocurrency, blockchain, cloud computing, location- based services, Augmented &Virtual Reality (AR & VR) and Artificial Intelligence (AI) & Machine Learning (ML). The process of piloting has also been explained. For piloting, first of all the emerging technology has to be outlined with reference to the business impacts expected. This potential impact needs to be directed towards the business models and processes being used at present. Sponsors then need be identified to showcase these pilot demonstrations. After this, specific pilot project plans need to be put in place, replete with measurable impacts. The execution then needs to be done. This works best with social media analytics. It is the combination of the two terms – business analytics and social media- when combined together to great effect. Wearable technologies, AR/VR, AI/ML and the IoT are other areas where massive potential for piloting exists.

Source:https://www.forbes.com/sites/steveandriole/2018/11/25/how-to-pilot-emerging-tech-like-social-media-wearables-iot-ai-analytics-crypto-blockchain/#7fd684e147d0

Uploaded Date:28 December 2018