CBI Report on Disrupting the Future |
It's a free report that gives an introduction to each subject, then insight into likely adoption patterns, opinions, case studies, barriers, recommendations and tips. Download now for free to have a read:
Disrupting the Future - CBI Innovation Report |
Introduction:
- Adoption of technology is essential to raising productivity, spreading properity and opening-up new paths for growth.
- Artificial Intelligence, Blockchain and the Internet of Things are set to go mainstream.
- The Internet of Things unlocks data. Artificial Intelligence solves problems. Blockchain changes how businesses exchange value.
- A third of companies declare themselves 'early adopters' of technologies. A quarter of companies declare themselves as 'followers'.
Artificial Intelligence:
- Has transitioned from programmed 'intelligent' behavior (the enemy in a computer game) to 'neural networks' that work in a similar way to the human brain.
- Over the next five years AI holds the top spot as the technology set to impact across all sectors
- 90% of the world's data has been created in the last 24 months
- Although not yet used in construction, around 35% expect to use it within the next five years. However, almost 50% of technology companies already use it.
- 75% of businesses recognise that AI will help with prediction and pre-emptive decisions
Block chain:
- A virtual record of transparent, secure, transactions
- Some good contribitions from the Construction Blockchain Consortium (check out the events part of their website)
- Planned investment is currently highest in professional service and financial service sectors. Lowest in manufacturing and construction.
- Trust and transparency, Unparalleled security, Removes inntermediaries
- Good to see a contribution also from hedgehog lab also based in Newcastle:
https://blog.hedgehoglab.com/an-introduction-to-bitcoins-and-blockchain
The Internet of Things:
- Enables businesses to understand what is happening in their operations in real time and chart a path towards significant productivity improvements.
- Works with 'big data' so marries perfectly with AI.
- Momentum is building, over 70% of companies say that IoT will be critical to their future success.
- Case studies from Polar Krush (monitoring their drinks machines performance) and Van Moof bikes (never have your bike stolen again)
- In terms of barriers to adoption - security of devices and the data they provide is the number one challenge to overcome
So, just a summary of a thought provoking report, download below:
- http://www.cbi.org.uk/insight-and-analysis/disrupting-the-future/
This is a good presentation below from the CBI Annual Conference 2017. Presented by Omar Abbosh Chief Strategy Officer Accenture:
This is a good presentation below from the CBI Annual Conference 2017. Presented by Omar Abbosh Chief Strategy Officer Accenture: