How do industry related technologies support digital capabilities?
Automation: Automation technologies such as robotics, Artificial Intelligence (AI), and Machine Learning (ML) are revolutionizing industries. They help automate repetitive tasks, reduce errors, and enhance efficiency. These technologies support digital capabilities by enabling companies to operate in a more data-driven, connected, and agile manner.
Cloud Computing: Cloud computing technology provides companies with the ability to access digital resources on-demand, such as data storage, computing power,
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Internet of Things (IoT): The IoT is a network of physical devices that are embedded with sensors, software, and connectivity, allowing them to exchange data with other devices and systems. This technology supports digital capabilities by enabling real-time monitoring, analysis, and control of physical assets and processes, leading to enhanced efficiency and productivity.
Virtual and Augmented Reality (VR/AR): VR and AR technologies enable the creation of immersive, interactive, and engaging digital experiences. They support digital capabilities by providing a means of visualizing, testing, and simulating products and processes in a virtual environment, leading to faster innovation and improved decision-making.
Blockchain: Blockchain is a distributed ledger technology that enables secure and transparent transactions between parties. It supports digital capabilities by providing a means of securely storing and sharing data, leading to enhanced trust, transparency, and accountability.
In summary, industry-related technologies support digital capabilities by enabling companies to operate in a more connected, data-driven, and agile manner, leading to enhanced efficiency, productivity, and innovation.