Internet revolutionised the world and has infiltrated nearly every aspect of our daily lives.
More applications – e-commerce, social networks, communication platforms, banking, etc – motivated more people to get “connected”.
Smartphones brought with them another giant leap forward, making the web accessible on devices that could be kept in our pocket, and with them grew the volume of users, apps, and the amount of time we were prepared to spend online.Today, we are in the midst of a giant Internet of Things (IoT) revolution. In less than 3 decades, we have amassed close to close to 4.7 billion internet users globally, with 3.5 billion of them being smartphone users.
Furthermore, it is estimated that by 2030, close to 50 billion devices will comprise the Global IOT network: up a staggering 150% from the number of currently connected devices.
The telecom infrastructure, device ecosystem, computing power, and several layers of underlying software frameworks that have together propelled us where we are, are also fuelling a data revolution at a scale.(Big) Data is reshaping products, strategies, services, offerings, and much more.
There is so much rich information available that businesses are in a luxurious position where they can make informed decisions based on substantiated market or consumer behavioural diagnostics.Data is also at the heart of automation, AI and ML (together clubbed as hyper-automation) and is enhancing productivity, improving efficiencies, saving costs, and helping reshape products and services.
The normalisation and integration of technology and the usage of Big Data is happening at pace. There can be no question that businesses must have a plan in place to incorporate these..
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