Why it is the right time for enterprises to embrace smart IT technologies

Disruptive technologies are driving a new wave of innovation in the IT space. With the emergence of Artificial Intelligence (AI), Machine Learning (ML), Big Data, cloud computing and other concurrent new age technologies, the legacy IT companies and teams need to relook at their internal processes and structure. Bank of America, Merrill Lynch predicts that AI will have a $9 trillion impact on knowledge work over the coming decade. The McKinsey Global Institute says AI is driving the transformation of society at a rate of "3,000 times the impact" of the Industrial Revolution. Solidifying these claims, the Forrester report quotes that there was a greater than 300% increase in investment in artificial intelligence in 2017compared with 2016.