Trends in artificial intelligence (AI) along with augmented reality (AR) are expected to change the way companies do business in the years to come. Frank Rizzo from KPMG said on Thursday that technology giants are shifting into different tech spaces to take advantage of emerging technologies. He said three to four years ago the big thing in trends was cloud computing and mobile. If one owns a smartphone then one is in the cloud, Rizzo said. The big thing to watch out for in 2017 and in the next couple of years is "the internet of things" – AI, virtual reality and AR, cryptocurrencies and robotics. Rizzo said the internet of things comprises devices that connect to the web, such as Fitbit devices or Apple watches. Currently there are 4.9-billion such devices worldwide. The number is expected to climb to 20-billion in 2010. For businesses, these devices will create a huge amount of data that could be utilised. It could also provide real-time data with sensors that can feed information...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.