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AI AR VR Big Data Robotics IOT
AI, IoT, VR, AR, Robotics IOT we have all seen these acronyms before, but what do they actually stand for? And what do we mean when we say “emerging technologies”?
Although there is no widely agreed-upon definition of "emerging technologies”, they could be simply described as new and rapidly growing breakthrough technologies. The main emerging technologies nowadays are Artificial Intelligence (AI), the Internet of Things (IoT), blockchain, big data, cybersecurity, robotics, and virtual reality (VR). They have been developed rather recently thanks to the novel possibilities of science and technology, and they hold the potential to fundamentally transform the way the economy and society function. Emerging technologies are expected to reach the plateau of productivity in 10 to 15 years, leaving them a decade to mature until penetrating the market on a large scale.
Artificial Intelligence is a global concept that brings together various technologies that enable machines and devices, using Big Data, to simulate and sometimes even outperform human intelligence. One of the many AI-enabled applications is the chatbot that enables human-like conversation and interaction with customers and prospects.
As the fuel of the AI engine, Big Data processes, stores and analyzes massive amounts of data. Big Data can be used in many business transformation scenarios including to support decision making, enhance knowledge acquisition and optimize business activities.
IoT (Internet of Things) is a technology concept that connects physical devices with the internet in order to exchange data between themselves in order to drive activities without the need for manual human intervention.