Be innovative. Or stay behind.
Thanks to the rise of technology, the world became a small village as it facilitates communication and transactions. You may hear: Big data, AI, AR/VR, IoT, Blockchain, etc. Many fancy terms in today’s business world but what on earth do they actually mean?
Free Webinar: Innovators’ Dilemma
Innovators’ dilemma is the never-ending topic, as it makes big successful companies fail because of the new technologies. At the same time, technological advancement is hard to predict, which makes it even more challenging and mysterious. Even though there is no single answer or solution to this topic, we will be tackling it in our next webinar – INNOVATORS’ DILEMMA. Our academic director prof. dr. Carsten Bartsch is joining us to share his insights on this topic and is waiting to hear your opinions on the topic.
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What do terms A.I., IoT, AR actually mean?
What is A.I.?
For example, A.I. stands for Artificial Intelligence. It is the reason behind chatbots, online ads popping on your social media, chess-playing computers and even self-driving cars. Explaining this a bit more, humans can now train the computers to carry out heavy tasks. Certainly, that would take someone a lot of hours as it requires the processing of large amounts of data. However, A.I. first became a topic of discussion in the 1950s. The early research focused on algorithms for problem-solving and logical deductions. Nowadays, it is used to perform tasks like speech recognition and predictions in various sectors.
What about AR/VR & IoT?
On the other hand, AR (Augmented Reality) and VR (Virtual Reality) regard immersion experiences that combine the digital and the physical world. The usage of these technologies can be helpful in all aspects of life by allowing the combination of all senses. Needless to say how “hot” skills in AR/VR are among business sectors!
IoT : Internet of things
What is so fascinating about IoT is that it can both collect and share data with minimal human intervention. Basically, any ordinary object can be converted into an IoT device thanks to a sensor. For instance, a “thing” in IoT can be a person with a heart monitor implant. The role of the implant (IoT device) is to collect data about the patient. Next, an IoT hub receives the data, which then can be analyzed in a smartphone.
It has already reshaped and redefined every industry and companies are eager to integrate it even more. Firstly, their aim is to access more data about their own product and services. Secondly, evolve their internal environment and implement adaptations and changes to the external surroundings.
Undoubtedly A.I. and IoT are two of the hottest trends in the business stage right now. They may seem identical, but their main difference lies in their core purpose. The idea behind IoT is to connect machines and make use of the data generated from them. A.I. is all about making the machines smarter by simulating intelligence to mimic human behavior.
Let’s talk about Innovation Brands.
APPLE. Of course, there is no way to talk about such a topic and not mention this tech behemoth. Apple was ranked #1 IoT company, even though it does not sell IoT devices per se. But Apple is one of the companies which invest a lot in partnerships, especially when it regards cutting-edge technologies. By partnering with tech start-ups, Apple retains its competitive advantage in the sector. Recently, they acquired a tech company that will provide more efficient and highly specialized hardware for the A.I. algorithms.
Google has gone a step further and accomplished the dream of getting everything done by just saying so. They created Google assistant, which is a voice control system that makes you handle various devices at home simply using your voice: for example, you want to turn off/on the lights, then Google understands sentences like:” Hey Google turn on all my lights”. And a human said, Let there be light!
Visiting and seeing up close the work of companies like Google, Apple and Intel is an integral part of the Silicon Valley Business Academy. Why not become the next Elon Musk or Steve Jobs?
“But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we’ve been thinking about a problem. “Steve Jobs
How to learn about innovation?
It is obvious that innovation is now needed more than ever in every industry, in every business. So entrepreneurs have to make sure they know how to tackle it, how to deal with it and how to reshape the industry innovating even more than competitors. This and much more about innovators’ dilemma will be our topic for the next webinar series happening on March 30th, 2020 – 5 PM (CET). Our academic director, prof. dr. Carsten Bartsch is joining this free online webinar again and will answer all your innovative questions!
This is not the only chance you have to learn about innovation and disruptive industries! Learn all about innovation and how it can shape the business for the good this summer in San Jose! Read more about our programs here https://abc-businessacademy.com/summer-school/