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Digital twin refers to a digital replica of physical assets, processes, people, places,
systems and devices that can be used for various purposes. With the explosion of
Internet of Things, the digital representations of real-world entities or systems, is
becoming a growing trend.
Think of a digital twin as a bridge between the physical and digital world. The
smart components that use sensors to gather data about real-time status, working
condition or position are integrated with a physical item. The components are
connected to a cloud-based system that receives and processes all the data the
sensors monitor. This input is analysed against business and other contextual data.
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3.Block chain
According to Don & Alex Tapscott, authors Blockchain Revolution, “The Blockchain is
an incorruptible digital ledger of economic transactions that can be programmed to
record not just financial transactions but virtually everything of value.”
TEDx speaker Ian Khan has quoted “As revolutionary as it sounds, Blockchain truly is a
mechanism to bring everyone to the highest degree of accountability. No more
missed transactions, human or machine errors, or even an exchange that was not
done with the consent of the parties involved. Above anything else, the most critical
area where Blockchain helps is to guarantee the validity of a transaction by recording
it not only on a main register but a connected distributed system of registers, all of
which are connected through a secure validation mechanism.”
Smart Devices or Gadgets: Various objects with embedded computing system and
sensors wirelessly interact with the network and other gadgets.
Infrastructure: A computer program that runs on a corporate data server or in the
cloud. The software receives and analyzes data generated by connected devices.
Apps: Enterprise, web or mobile applications installed on a smart phone or
personal computer to manage connected devices.
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5.Edge Computing
Edge computing is a “mesh network of micro data centers that process or store
critical data locally and push all received data to a central data center or cloud
storage repository, in a footprint of less than 100 square feet,” according to research
firm International Data Corporation.
If you want to make your Artificial Intelligence (AI) system smarter, would you like it
to have a battle with another Artificial Intelligence system? If yes, the arena is digital
images: One AI attempts to create a realistic image, and another AI attempts to
decide whether the image is real or artificial. This makes AI “duel.” Any domain can
be modeled by computers: voices, video or whatever you might want to work with.
Any company that uses labor on a large scale for knowledge work, Robotic Process
Automation software will boost its capabilities and save money and time.
RPA provides dramatic improvements in accuracy and cycle time and increased
productivity in transaction processing, elevating the nature of work by removing
people from dull, repetitive tasks.
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8.Connected Vehicle Technology
As per Gartner, dark data is an information asset organizations collect, process and
store during regular business activities, but generally fail to use for other purposes
(for example, analytics, business relationships and direct monetizing). Dark data is a
subset of big data constituting the biggest portion of the total volume of big
data collected by organizations in a year. Similar to dark matter in physics, dark data
often comprises universe of information assets for most organizations. Organizations
often retain dark data for compliance purposes only but dark data also represents a
huge opportunity for companies to gain valuable insights which can drive their
business. Dark analytics focuses primarily on data that has not been analyzed—with
an emphasis on unstructured data, which may include things such as text messages,
documents, email, video and audio files, and still images.
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