Day: March 13, 2023

Back in 2019, Venture Beat outlined that even with AI's prowess, only one in ten data science models make it to production. Fast forward to 2022, and Gartner revealed that only 54% of the AI models successfully navigate the pilot-to-production journey.

The financial sector is, undoubtedly, the engine that powers the world economy. Creation, management, growth, and distribution of wealth are paramount to economic progress, and financial institutions play a profound role in facilitating these elements.

In recent years, immersive technologies like Augmented & Virtual Reality, along with the now-popular Metaverse, have been gaining mainstream relevance. While these technologies are not new, they are now accessible at levels never seen before.

The digitization of processes and workflows across organizations has led to a massive amount of data that needs to be managed. Today, data sources extend beyond the traditional and include rich (and potentially vital) data captured from devices and sensors spread across the entire value chain.

Critical infrastructure facilities like data centers, power grid control operations, R&D centers, etc., have become the hottest targets for intruders and fraudsters. They know that gaining physical access to these facilities can unleash a wave of disruption that can even bring some of the world's most powerful economies to a grinding halt.

With the advent of the fourth industrial revolution, an increasing number of manufacturing companies are now investing in technology-driven innovations like the smart factory model.