5 Tech Trends For Infocommunications And Electronics

Keeping abreast of tech-related trends across a wide swathe of industries can help business owners and innovators better position themselves to ride a rising tide or avoid potential pitfalls. In no particular order, we've put together a list of five tech trends to watch as the year unfolds. Automating routine tasks and deriving actionable insights from complex datasets are just two of the numerous benefits that artificial intelligence (AI) offers to businesses. The potential productivity gains from using AI in operations are tremendous, with the McKinsey Global Institute estimating that AI will contribute an additional US$13 trillion to the global economy by 2030. The latest International Data Corporation (IDC) spending guide also forecasts that worldwide expenditure on cognitive and AI systems will increase to US$52.2 billion in the years leading up to 2021, with a compound annual growth rate (CAGR) of more than 45 percent.