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The mining industry has significantly enhanced its safety protocols beyond the traditional pickaxe and hard hat approach. Advanced technologies are now available with customized safety measures. By accurately identifying the potential hazards and proactively preventing accidents, mining companies are paving the way for a safer and more secure work environment. This transformation is further accelerated […]
AI, real-time data driving early development of autonomous vehicles, says GlobalData
Autonomous vehicles (AVs) are moving from virtual tests to early development phases worldwide in commercial spaces like ride-hail services, freight logistics, and mobile retail. Both consumer and commercial vehicles are leveraging real-time data to build complex simulations and understand how artificial intelligence (AI) responds to unpredictable situations, says GlobalData, a leading data and analytics company. […]
GPT-4 ignites race for artificial general intelligence, says GlobalData
The recent launch of GPT-4 by OpenAI is likely to open the chase for developing stronger AI systems accelerating the evolution towards artificial general intelligence (AGI), says GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “GPT-4 is a big leap from its predecessor GPT-3.5 given its […]
Generative AI finds new business applications beyond ChatGPT, says GlobalData
While the tech world is abuzz with ChatGPT, its underlying technology i.e., generative AI has capabilities that go beyond simple chatbots with normal query-answering features to write essays, debug codes, and explain complex topics. The technology gains investor attention to find new applications such as data augmentation, product development, and risk management across sectors, finds […]
Carbon management helps enterprises tackle climate change, says GlobalData
As the urgency to combat global warming intensifies, enterprises are increasingly adopting rapid decarbonization practices to align their business strategies with sustainable development goals (SDGs). With a focus on addressing the dual crises of climate change and the ongoing destruction of natural ecosystems, businesses are at the forefront of sustainability efforts and are highly interested […]
Generative AI startups attract investment as technology gains traction across industries, says GlobalData
In recent years, generative artificial intelligence (AI) has emerged as a game-changing technology with immense potential across various industries. Subsequently, generative AI startups are rapidly gaining traction, and venture capital investors are keen to capitalize on their potential, observes GlobalData, a leading data, and analytics company. Pranjali Mujumdar, Disruptive Tech Analyst at GlobalData, comments: “The […]
Global economic uncertainty slows down new unicorn startup births in 2022, finds GlobalData
The global startup ecosystems faced a tough year in 2022 as a result of various challenges including slow hiring activity, increasing interest rates, rising inflationary pressure, and falling public tech valuations. In addition, the fears of a looming recession and the subsequent reduced consumer spending has hit the new unicorn startup births, says GlobalData, a […]
Tech-led innovations steer next wave of agriculture revolution, says GlobalData
The agriculture industry is facing several pressing concerns, including extreme vulnerability to climate change, labor shortages, inefficient agri-food system, and evolving consumer preferences for transparency and sustainability. In this context, innovations in technology are driving the next wave of revolution in agriculture, paving the way for more sustainable, efficient, and resilient agricultural practices, says GlobalData, […]
Automakers embrace transformational changes in technology, consumer preferences to drive future growth, says GlobalData
Energy innovations, technological advances, societal tastes, environmental concerns, and changing emission regulations are prompting the automotive industry to change the way vehicles are designed and built. Against the backdrop, automakers are gearing up to improve fuel efficiency, control car emissions, offer greater safety benefits, higher customer differentiation, and minimize costs and supply chain risk, says […]
Enterprise blockchain offers operational transparency and security, says GlobalData
As the hype around cryptocurrencies subsides, enterprises are increasingly investigating blockchain use cases to infuse into their operations and processes. With adequate implementation and controls in place, enterprise blockchain can catalyze and bring operational efficiency, security, and transparency across business processes in various industries, says GlobalData, a leading data and analytics company. Kiran Raj, Practice […]
Artificial intelligence facilitates low-cost drug repurposing, says GlobalData
The contemporary drug repurposing techniques using advanced artificial intelligence (AI) are gaining traction in the pharmaceutical industry to not only minimize the cost and time but also to bring down the risk in the process of retargeting drugs for viral and other rare diseases, says GlobalData, a leading data and analytics company. Kiran Raj, Practice […]
India doubles down to become global AI hub, says GlobalData
From automating tasks and fraud prevention to developing next-gen medical solutions, companies across sectors are riding the tailwinds of artificial intelligence (AI). The next decade will see more tangible results over audacious AI claims. Against the backdrop, India is all set to leapfrog in AI adoption with a holistic approach supported by robust tech-driven infrastructure […]
Green banking gains momentum to fight climate change, says GlobalData
The quest to address the most pressing issue of environmental degradation has evolved into a worldwide mainstay concept influencing sectors like financial services to transform their business models. Against the backdrop, the concept of green banking came to the spotlight, and the recent sustainability initiatives by financial institutions demonstrate how it will become a game-changer, […]
Companies embrace biodegradable packaging to achieve sustainability goals, finds GlobalData
Amidst a raft of new regulations and environmental laws, consumer-facing companies are adopting a slew of measures to switch to green packaging solutions. The ripple effect is quite evident as clear labeling campaigns to differentiate between composability and biodegradability by some of the key manufacturers are pushing the other companies to follow suit and achieve […]
Edge computing key for rapid adoption of Industry 4.0, says GlobalData
As the world recovers from the COVID-19 pandemic, the global internet of things (IoT) market is anticipated to surpass $1 trillion in 2024 in revenue where enterprise IoT could account for over 70% of the market share. Against the backdrop, edge computing holds a promise to dramatically improve data processing for mission-critical applications and accelerate […]
Smart itineraries taking travel experience to next level, says GlobalData
Innovation in the travel & tourism industry is on the rise, with many travel-assisted tools and services, including smart itineraries, popping up to enhance travelers’ experience. With a rise in demand for personalized, accessible, and convenient experiences, smart itineraries are enabling travel planning providers to take travel experience to the next level, finds GlobalData, a […]
Banking-as-a-service empowers finance companies to meet growing customer needs, says GlobalData
With embedded finance set to become a quintessential component of many industries, smaller businesses and individuals can now have greater access to financial services than ever before owing to banking-as-a-service (BaaS). With the right partners and systems in place, BaaS empowers embedded finance players to meet customers’ increasing needs while tapping this burgeoning opportunity, says […]
Startups and big corporations revisit strategies to balance growth and profitability, finds GlobalData
The current business environment is getting tougher with higher interest rates, rising inflation, talent crunch, and weaker supply chains while investors are increasingly demanding profitable growth. To hedge against these shifts, startups as well as bigger corporations are revisiting their scaling strategy and redefining tolerance for risk to strike a deliberate balance between stability and […]
Cloud, real-time personalization, and 5G take online gaming user experience to next level, says GlobalData
Online games are witnessing a massive boom with gaming streams and E-sports becoming the new normal in the virtual world. Cloud-based infrastructure, real-time personalization, and 5G networks are taking the gaming user experience to the next level, says GlobalData, a leading data and analytics company. Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: […]
Artificial intelligence helps mining companies take insights-driven decisions, says GlobalData
The mining sector faces challenges as legacy technologies fail to keep up with the growing demand for advanced mining activities for increased outputs and greater profits. Against this backdrop, artificial intelligence (AI) can help make mining companies more productive and profitable with insights-led decisions across the value chain, says GlobalData, a leading data and analytics […]