Innovation VS Invention – Series #2
Chief Innovation Officer vs Chief Information Officer According to McKinsey & Company, 84% of business executives believe that innovation is essential to growth. Although innovation isn’t new, its formality as a part of organizational strategy is on the rise! However, only 43% of corporations have what experts consider a well-defined process for innovation, according to the research firm CB Insights. My favorite definition...
Innovation VS Invention – Series #1
A blog Series on Innovation VS Invention by Mr. Jeff Winter Series #1 When people think of the word “innovation” they often confuse it with the word “invention”. Although they are similar, their subtle difference is quite important. Definition of Invention : The act of creating, designing, or building something has never existed before, often through research and experimentation. Inventions can be patented to...
INDIA’s BIG MANUFACTURING Push Towards Industry 4.0
If India can be world-leaders in Information Technology and Call Centres, why can’t India be the same in Manufacturing? According to the most recent data available from the United Nations Statistics Division, below is the list of the Top 10 countries based on global manufacturing output in 2019: Top 10 Manufacturing Countries in the World 1. China – 28.7% Global Manufacturing Output 2....
MILLIONS OF JOBS POSSIBLE OR NOT ? – A SYNOPSIS
MILLIONS OF JOBS POSSIBLE OR NOT ? - A SYNOPSIS This is not an academic study or a research report. These are the simple and frank views of an entrepreneur based on the thoughts shared with the concerned people. The purpose of this book is to indicate possible solutions to generate millions of jobs to eradicate poverty. Solutions mentioned in...
Smart Semiconductor Manufacturing
Smart Semiconductor Manufacturing factory to Improve Operational Semiconductor Industry Outlook & Trends Over the long run, semiconductor revenues are likely to oscillate around a trend line. Still, that trend line looks steeper than ever before as we enter a period of robust secular growth. The global semiconductor chip industry is expected to grow 10% in 2022 to over US$600 billion for the...
Industry 5.0 : Co-create and Co-exist
Industry 5.0 : Co-create and Co-exist Industry 5.0 is the next in Businesses. While many Businesses are still busy developing methods for interconnecting new technologies to improve efficiency and productivity — the guiding principle behind Industry 4.0 — the next phase of industrialization is already upon us. It’s much more than simply connecting business processes. It’s the next evolution in...
Metaverse Market: The New Digital World of The Future
Metaverse Market: The New Digital World of The Future The metaverse is a smooth convergence of digital and physical lives, creating a virtual, unified community where people can play, work, transact, socialize, and relax. The global metaversemarket size accounted for USD68.49 billion USD in 2022 to reach USD 1.3 trillion by 2030 and will grow with a healthy CAGR of 44.5%...
Importance of Data Protection in the Cloud
Importance of Data Protection in the Cloud As technology continues to evolve and organizations are adapting to Cloud computing on an ongoing basis, threats continue to grow in sophistication and in complexity. Cyber security and data protection continue to be a key focus for business leaders and key regulators across the globe, as a range of risks, vulnerabilities and emerging...
Human Machine Synergy
Theorizing Debiasing attempt to ensure better Human Machine Synergy Of late Artificial Intelligence has become the fulcrum of numerous transformative changes, because of this extensive usability, it is now inextricably connected with our typical daily life. Starting from healthcare to weather prediction and portfolio optimization, it is present everywhere. On the contrary the perception about its offerings is not so...
6 Ways IoT Is Transforming The Field Service Industry
The writing is on the wall… IoT has arrived, changing the way field service companies do business. With the recent explosion in IoT devices, it's now easier to turn a service into a data center — and some are already doing just that. This is excellent news for consumers because it means more convenience and competition with providers and other firms within...
