Value and Impact of Data Science and AI in Industry 4.0/5.0
With the onset of huge amount of data over last several years, the world is transforming in the digital space to unleash the power of hidden insights out of it. Data Science and Artificial Intelligence has become a norm and adoption of these technologies have grown across industries and across the business function. The current trends and opportunities in the industry where Data and AI can play a role looks promising and also the way it is already playing a role is something to be valued.
While we see the adoption of Data and AI across industry segments to be intense, it is also challenging to observe how enterprise think to scale up within their respective business segment(s) to realize the true potential out of it.
Industry 4.0 can unlock significant value:
Key potential areas as we could notice are as follows:
a) Data, Compute power and Connectivity
b) Human-machine interaction and Augmented value out of it
c) Advanced Analytics and Intelligence, Storytelling
