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AI to be a game-changing technology for the manufacturing industry
The global AI in manufacturing industry size is expected to rise owing to increasing demand for collaborative robots and growing semiconductor industry. According to Fortune Business Insights, its latest report, titled “Artificial Intelligence in Manufacturing Industry Market Size, Share & COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Context Awareness), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection, Logistics and Inventory Management, Quality Management, and Others), By Industry (Automotive, Medical Devices, Semiconductor & Electronics, Energy & Power, Heavy Metal & Machine Manufacturing, and Others), and Regional Forecast, 2020-2027.”, observes that the market will hit $9.89 Billion by 2027, while exhibiting a promising 24.2% CAGR between 2020 and 2027. This market is expected to witness substantial growth owing to the COVID-19 impact and hence the 2020-2027 CAGR is high/very high, as a large section of industry would look to adopt AI in order to automate the operation with less human intervention. Artificial intelligence (AI) is believed to be a game-changing modern technology for the manufacturing industry. The adoption of AI in manufacturing provides multi-faceted benefits such as accurate and rapid data-driven decisions, minimizing operational costs, optimizing several processes, and improving the overall experience of customer satisfaction.
In addition to this, AI can be easily embedded to the existing products and services offered by the companies to render them reliable, effective, and safe. For instance, in the automotive industry, AI-based technology such as computer vision is used to accurately detect obstructions to prevent road fatalities, .
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AI to be a game-changing technology for the manufacturing industry
The global AI in manufacturing industry size is expected to rise owing to increasing demand for collaborative robots and growing semiconductor industry. According to Fortune Business Insights, its latest report, titled “Artificial Intelligence in Manufacturing Industry Market Size, Share & COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Context Awareness), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection, Logistics and Inventory Management, Quality Management, and Others), By Industry (Automotive, Medical Devices, Semiconductor & Electronics, Energy & Power, Heavy Metal & Machine Manufacturing, and Others), and Regional Forecast, 2020-2027.”, observes that the market will hit $9.89 Billion by 2027, while exhibiting a promising 24.2% CAGR between 2020 and 2027. This market is expected to witness substantial growth owing to the COVID-19 impact and hence the 2020-2027 CAGR is high/very high, as a large section of industry would look to adopt AI in order to automate the operation with less human intervention. Artificial intelligence (AI) is believed to be a game-changing modern technology for the manufacturing industry. The adoption of AI in manufacturing provides multi-faceted benefits such as accurate and rapid data-driven decisions, minimizing operational costs, optimizing several processes, and improving the overall experience of customer satisfaction.
In addition to this, AI can be easily embedded to the existing products and services offered by the companies to render them reliable, effective, and safe. For instance, in the automotive industry, AI-based technology such as computer vision is used to accurately detect obstructions to prevent road fatalities,
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VPN market to witness a good growth
Virtual Private Networks (VPNs) are used all over the world to provide people with encrypted connections to the internet. A VPN is a piece of software that creates a secure (encrypted) internet connection – also known as a “VPN tunnel” – between your device and the website or app you are trying to reach. When you use a VPN, your standard internet connection is redirected via a secure VPN server before connecting to the wider Internet. Once you connect to a secure VPN server, your internet traffic goes through an encrypted tunnel that nobody can see into, including hackers, governments, and your internet service provider. Consumers use VPNs to keep their online activity private and ensure their internet experience is free from outside interference and most of the enterprises are using VPNs to connect far-flung employees as if they were all using the same local network at a central office, but with fewer benefits for individuals than a personal VPN. Using a VPN, changes your IP address, the unique number that identifies you and your location in the world. This new IP address will make you appear to be in the location you select when you connect: the UK, Germany, Canada, Japan, or virtually any country, if the VPN service has servers there. Changing your IP address with a VPN helps shield your identity from websites, apps, and services that want to track you. Good VPNs also prevent your internet provider, mobile carrier, and anyone else who may be listening from seeing your activity, thanks to a layer of strong encryption.
VPNs can help secure data, since, encryption is a way of scrambling data so that only authorized parties can understand the information. It takes readable data and alters it so that it appears random to attackers or anyone else who intercepts it. In this way, encryption is like a 'secret code''. The Virtual Private Network (VPN) – Global Market T
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Siddesh Sripad Naik Vs Rajesh Faldesai for 2027? Siddesh announces that he will fight 2027 assembly polls
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Siddesh Naik Vs Rajesh Faldesai for 2027? Siddesh announces that he will fight 2027 assembly polls
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The Indian data center market size was valued at $4.35 billion in 2021 and is expected to grow at a CAGR of 15.07% during 2022-2027. The enterprise adoption of cloud-based services, big data analytics, and IoT services has been a strong force for data center investments in India. COVID-19 has significantly aided the demand for data center services such as colocation and managed cloud services among enterprises in India. The migration of traditional service offerings to cloud-based platforms by government agencies is also a major driving factor for the development of data center facilities in India. The India data center market by area is expected to reach 2,200 thousand square feet by 2027. Now, key questions that arise is what lies ahead for the data center industry in India? What new trends are going to shape its future? The trend shows, the data center industry is evolving and new trends will keep emerging with the demand for new-age disruptive technologies such as AI, edge computing, and IoT can be utilized to maximize energy efficiency and minimize environmental impact. India contains several data center clusters throughout the country providing plenty of colocation opportunities. India witnessed 16 new projects/expansions in 2021, and some major investors in the market include companies like Bharti Airtel, AWS, Colt Data Centre Services, ST Telemedia Global Data Centres India, NTT Global Data Centers, CtrlS, and Yotta Infrastructure, ESDS and Capitaland among others.
The demand for more data centers arises from the demand for Data localization. The government has issued guidelines highlighting the need to store data of Indian users within the country’s boundaries. Data localization has made it mandatory for companies that collect critical consumer data to store and process it in local data centers. This has given a huge surge to local data centers. Secondly, demand for Edge data centers, which are small data centers that are located closer to the edg
Technology video | 365 views
Customer data platforms (CDPs) help to deliver personalized experiences across brand touch points. A new study by Juniper Research has found that customer data platform providers will generate $6 billion globally by 2027, rising from $1.7 billion in 2022; representing a growth of 250%. The introduction of AI-based services will be key to unifying multiple data sources on a single platform; reducing siloed data and centralising enterprise access to customer data. Customer data platforms are used to gain insight into customer preferences through collecting and extrapolating data on transactions, browsing history and other online information. Customer expectations continue to rise as purchasing journeys become increasingly digital and industry leaders raise the bar for compelling customer experiences. E-commerce already accounts for 42% of all B2B purchases today, and it is predicted to add another 15% to its growth in terms of sales by 2023. To compete, companies must create more dynamic, personalized experiences throughout the customer lifecycle by quickly converting user data into insights. Customer data management, analytics, and audience creation solutions help organizations address business priorities by creating superior customer experiences.
In the age of the customer, businesses focus everything they do on what their customers value most, including creating a compelling and consistent customer experience. The most valuable capabilities of current toolsets — for customer data management, analytics, and audience creation strategies — are creating a single view of the customer and improving data management. The research says there are urges for the customer data platforms to increase the breadth of integrations with third‑party vendors, such as relationship management platforms, for greater access to user data. It highlighted the ability of customer data platforms to merge different data sources using AI as critical to unlocking more granular user insig
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IPTV Industry expected to grow $154.3 Billion globally by 2027 #shortsvideo
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Tech News in Telugu #989: Tesla, xiaomi 12 Whatsapp New Feature, Samsung S22, AQI
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Chum Darang shows her excitement to meet Salman Khan on Bigg Boss 18. #shorts
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“People call us Momo, Corona” - Bigg Boss 18 contestant Chum Darang on discrimination #biggboss18
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