Analytics, automation and AI will fuel future of business

The combination of analytics, automation and augmented intelligence will drive the future of business. That was the message delivered by Ray Wang, founder and analyst at Constellation Research, who spoke recently during the Graph AI Summit, the spring edition of the biannual open conference hosted virtually by graph data and analytics vendor TigerGraph. According to Wang, nearly two-thirds of the companies that made up the Fortune 500 in 2000 are now gone, having been acquired, merged with another company or gone bankrupt. And by 2040, 80% will have disappeared. Meanwhile, tech vendors such as Amazon, Apple, Facebook and Microsoft have quintupled their market capitalization in the last five years alone.