So far, it’s safe to say that the predominant trend in 21st-century business has been digitalization. Every industry, organization and individual has been touched by it one way or another. So far, it’s safe to say that the predominant trend in 21st-century…
So far, it’s safe to say that the predominant trend in 21st-century business has been digitalization. Every industry, organization and individual has been touched by it one way or another.
As we head towards 2020, we are moving to the next level of digitalization. Now, what has already been digitalized will increasingly be automated — whether it’s the way we work, trade or connect with each other. Automation is becoming increasingly prevalent as computers gain in processing speed and power, and as the amount of data available for computation continues to grow exponentially. At the start of the Internet age, very few things were connected and available for analysis. But with the rise of the Internet of Things and the implantation of computers into all walks of life, from driving to warehousing, more and more facets of our world can now be mapped from within dedicated software.
As a result, a whole range of new abilities and efficiencies are becoming available to companies in all kinds of industry. Automated analyses and tasks can provide actionable insights that previously would have taken a human hours or even days to produce. What’s more, handing over mundane tasks to computers can free up humans to focus on more creative tasks such as strategy and planning.
In light of this, Exact has put together some predictions for the years ahead. We’ve all heard the horror predictions that automation will eventually take over the human job market, but in reality it has the potential to be a highly effective tool if used in the right way. Here are some of the key areas of business that will benefit.
Automation of trust: Blockchain
Financial transactions are the core of our global economic system. A lot of effort goes into making sure that those transactions can be completed in a safe and trusted way. We need central banks to allow money to be transferred from one person or organization to the other, with every piece of stock that is traded registered by a Central Security Depository (CSD).
