Digital Lifescapes

The progress in technologies such as artificial intelligence, internet of things, cloud computing, robotics and intelligent mobility have set the stage for cognitive or sentient tools to emerge onto the global market. These tools are aware of and can learn from their surroundings and users, and mark the next step in the evolution of computational systems, according to the latest worldwide market study by Frost & Sullivan. As smart machines that can communicate and interact with their environment, instead of simply being performers of rote tasks, sentient tools can bring about a sea change in labor-intensive industries. Smart Machines Market Development The sectors that will be most affected by this disruptive technology include travel, transport, defense, manufacturing, medical, construction, agriculture, customer service, finance, communication, and smart cities. "Stakeholders looking to integrate automated technology into their value chain are most likely to invest...

Smart machine technologies learn on their own and can produce unanticipated results. That said, by working together, smart machines and people can make each other smarter -- and protect each other from their inherent weaknesses. Smart machines will enter mainstream adoption by 2021, with 30 percent adoption by large companies, according to the latest worldwide market study by Gartner. New and evolving technologies such as cognitive computing, artificial intelligence (AI), intelligent automation, machine learning and deep learning are all considered to be part of the smart machines ecosystem. Smart Machine Market Development "The use of smart machines by enterprises can be transformative and disruptive. Smart machines will profoundly change the way work is done and how value is created. From dynamic pricing models and fraud detection, to predictive policing and robotics, smart machines have broad applicability in all industries," said Susan Tan, research vice president...