What is the the number one industry? Of course, its Technology.
Why is that ? Tech companies capture nearly half of all venture capital dollars, and their forecast output growth is at sitting at 135%.
Cloud computing, machine learning and AI, and big data were cited as the sub-sectors that will make the biggest impact. In 2020, although cloud computing and artificial intelligence once again dominate the technology headlines, edge computing is silently gaining traction.
...The primary AI benefits to date have been “enhancing products and services” and “optimizing internal business operations.” In the coming year, companies will likely also increasingly implement AI for managing customer interactions, developing and testing products, personalizing products and services, delivering connected equipment, and enabling deeper involvement of personal assistants in consumers’ day-to-day activities. With the explosion of Internet of Things (IoT) devices, combined with the increased portability of computing power and AI-driven tools, the time is right for edge computing to experience significant growth... IDC predicts that in three years, 45 percent of IoT-generated data will be stored, processed, analyzed, and acted upon close to or at the edge of networks. This will largely be driven by IoT applications across industries like manufacturing, retail, healthcare, energy, financial services, logistics, and agriculture.12
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