Technology has become an all-pervasive force which has impacted all facets of our lives; and the manufacturing sector is not any different. Big data and AI have an impact on manufacturing in a myriad of ways. The five most common impacts of big data and AI on manufacturing processes are covered in the following sections.
Over the next five years, advances in wireless communications, artificial intelligence, robotics and other digital technologies could make it possible for intelligent connected devices to initiate and accept payments through other IoT devices and the cloud, sometimes with little or no human involvement. Consumers and businesses who want the convenience and efficiencies of IoT devices need to know their information and data will be protected from unauthorized users.
There has been a lot of talk and hype around 5G in Canada, and much of it is focused on what it means for consumers. However, it’s actually businesses that have the most to gain from the era of 5G connectivity.
The need for a high-speed data conduit between service providers and customers will only grow as our data consumption increases; from growing popularity in the smart home market and a desire for more connected vehicles, to the continued shift towards a distributed workplace.
Operational technology and information technology used to be separate data silos, but there is a big push to leverage their integration and convergence to allow businesses to bridge the gap between their operations and the consumer.