Our world is undergoing radical, disruptive changes at an accelerating speed. Innovation, digitalization, and technological progress fundamentally transform whole industries, reshape consumer demands, and challenge conventional business logics.
In the past, organizations embraced and implement digital technologies in order to remain competitive, boost productivity and efficiency, and raise profit margins. Digitalization has been the most valuable tool of modern businesses due to its capacity to cause substantial transformations in how organizations function by improving their internal business processes and their relations with the customers and users. Today, digital technologies are accelerating and enabling the development of other technologies at a pace never seen before.
Acceleration of Digitalization 2000-2020
The connectivity between digital technologies, constant collection and connection of data-points alongside the development of innovative technologies is doubling the speed and capacity while reducing the costs of technology. All these factors boil down to a key rationale: The speed of is change exponential. The Consequence: Disruption, Unpredictability, and Opportunity
And there is no end in sight for the exponentiality of change. Technology will more and more naturally merge with human life.
The Internet of Things (IoT), advanced data processing, machine learning, advanced visualization techniques, and next generation unheard-of computing power are a reality and not science fiction anymore. As we create and innovate at ever greater speed, we lose the ability to keep up with the evolution, unless we are ready to do so.
IoT connected Devices in Billions 2020-2030 Projections