Digital Transformation Blog

According to the World Economic Forum by 2025, 85 million jobs will be displaced by automation and technology but 97 million new roles will be created by 2025 as humans, machines and algorithms work together. These include robots to aid physical activities such as coral reef conservation, drones to deliver much needed medicine to remote locations, generative artificial intelligence to create new media and automation to remove routine tasks.

How Will We Get There?

When asked, many organisations think leveraging artificial intelligence (AI) will help them achieve their growth objectives. But does your organisation fully understand the power of AI and the benefits it can bring to your business?

 Generative AI refers to a type of artificial intelligence that uses algorithms to create new data that is similar to existing data. This is in contrast to traditional AI models, which only classify or analyze existing data.  Techopedia describe generative AI as broad label that's used to describe any type of artificial intelligence that uses unsupervised learning algorithms to create new digital images, video, audio, text or code. According to McKinsey, generative AI and other foundation models are changing the AI game, taking assistive technology to a new level, reducing application development time, and bringing powerful capabilities to nontechnical users.

Does your data have value? If it does, do you know how to monetise it?

Digital disruption can transform how industries and organizations operate. Once a multi billion dollar business, Blockbuster is now a memory of the time long gone replaced by cloud streaming and instant access. Business leaders must prepare for technological changes in their future. But this can be an overwhelming task. This list of the top 10 emerging technologies  have the most potential to impact business in the near-term. To find out more about emerging technology and digital transformation check out our training.