Powertrains are shifting from ICE (Internal Combustion Engine) to electric. Automation is taking over driver intuition. Mobility-as-a-Service is becoming commonplace. Newer vehicles are smarter and better.
The automotive circuit is witnessing a technological disruption, as connected autonomous vehicles are slowly becoming a reality.
Intent is often stifled under interpretation, taking a great deal away from innovations that, otherwise, can potentially cause a disruption. This is the story of every manufacturing organization that fails to see value in model-based enterprise solutions. According to one estimate, “The overall model-based enterprise market is expected to reach USD 21.3 billion by 2023 from USD 8.1 billion in 2018.” The statistic stands evidence to the path that the manufacturing sector is currently taking and rightly so.
Price is perhaps the most effective tool to influence a purchase decision and the high cost that results from unplanned downtimes can destroy this competitive advantage. Wall Street Journal quantifies this cost by highlighting that industrial manufacturers lose over a whopping $50 billion each year to unplanned downtimes. It also brings to light the fact that equipment failure is the cause of this downtime 42 percent of the time.
The healthcare sector is in the crossover of a major transformation, including changing demographics, patient acuity, and rapidly advancing technology. A core element of this transformation is the advent of connected healthcare, which can empower physicians to deliver superior results, improved customer experience and increase patient life spans.
Nowadays healthcare ecosystem allows seamless data integration between devices, EHR, wearable’s, etc. Healthcare professionals are leveraging these new technologies and devices to re-invent the way they interact with patients, provide care and improve patients’ quality of life. Connected healthcare can yields significant improvements in patient outcomes, including substantial reductions in hospitalization, mortality rates, and medical costs.
Healthcare IT leaders in today’s digital era face a two-way edge sword; great opportunity and a scary challenge: deriving value from massive volumes of data while meeting sharp demands for data privacy with increasing data breached every year. Healthcare IT leaders must reevaluate their approach to key initiatives across population health, patient engagement, and care coordination.
Research has found that 89% of customers will switch to another brand for a better customer experience. Onboarding new customers, keeping them loyal to the brand and enthusing them to pay more are three of the most common challenges confronted by today’s eCommerce players. So it’s not surprising that most of them are constantly thinking up new ways to make their presence
felt in this cluttered space.
The eCommerce industry is now rife with buzzwords like omnichannel, mobile, social media, personalization, rich functionalities and responsive design. But savvy marketers don’t just look at them as mere trends, but new avenues to make and keep their business profitable and successful.
An analysis across 30 industries revealed that earnings-before-interest-and-taxes from aftermarket services was an impressive 25%, compared to a dismal 10% from equipment sales.*
The face of product lifecycle management is witnessing a sea of change, while the global manufacturing sector is being influenced by disruptive megatrends. Product success now hinges on many components that extend beyond traditional best practices and manufacturing excellence.
An analysis across 30 industries revealed that earnings-before-interest-and-taxes from aftermarket services was an impressive 25%, compared to a dismal 10% from equipment sales.*
The face of product lifecycle management is witnessing a sea of change, while the global manufacturing sector is being influenced by disruptive megatrends. Product success now hinges on many components that extend beyond traditional best practices and manufacturing excellence.
Aside from the insanely popular Bitcoin, there are 2,500+ cryptocurrencies doing the rounds in the financial services space. While a financial major is building a crypto trading platform, another has filed nearly 60 blockchain patents. It’s true that the biggest names in global money have already made giant strides in blockchain testing. In this scenario, there’s a question that remains unanswered: Is blockchain, the technology that powered Bitcoin, built solely for cryptocurrencies? A deeper dive will reveal some realities and shed light on what the future looks like.
According to CMS, the U.S. healthcare system spends $10,3481 per person every year (highest in the world) to manage, track, analyze and carry out care coordination and quality improvement initiatives. Six in ten Americans live with at least one chronic disease, like heart disease, cancer, stroke, or diabetes2. These and other chronic diseases are attributed to be the major reasons of death and disability in America, and prominent drivers of health care costs.
A customer walks into a store. After half an hour of window shopping and trying various clothes in different categories, he finally buys a pair of trousers. This was the second time he bought the only pair from that brand.
A customer walks into the store and asks for a particular product she found on the e-commerce store. She then tries the product and buys it from an e-commerce player.
ITC Infotech Blog