Automation. AI. Machine Learning. It’s all here, but which data-rich industries will thrive in the 24/7 connectivity of the digital transformation age?
It’s a question asked by Einaras von Gravrock, CEO of CUJO AI, for Forbes.
He has outlined three areas that stand to gain from our data-rich future:
Internet of Things Security
It might take years until we can see if the IoT “has fulfilled our expectations,” von Gravrock explains, but we’ve already moved from IoT to Internet of Everything, with hyper-connectivity between, well, everything — especially with respect to businesses and manufacturing and industry. An increase in IoT-related data breaches — 15% to 21% since 2017 has shown that we need to set our sights on higher standards.
“Data science and AI will shape the next stage of IoT development,” theorizes van Gavrock. The sheer volume of data gathered from IoT means that users must be able to trust this connectivity. Anyone who can provide trustworthy, effective, and inexpensive coverage will win.
[More on the IoT and digital transformation]
Network Service and Telecommunications
Telecommunications companies have become like utility companies in the last 15 years, he explains. “You expect to receive clean, drinkable water from your water supply provider. You would also expect your network operator to provide a secure and private connection.”
This is especially important given the staggering amounts of data accessible by this industry.
“This shift can’t happen if the data generated by users isn’t anonymized, crunched, and analyzed by AI algorithms to ensure malicious connections are blocked before they can do harm to the end user.”
[More on telecom and digital transformation]
Creative Industries
Entire industries are about to radically change the way they work, he writes: “The future of work has an emphasis on constant learning, and AI will be there to help you, both as a teacher and as a tool.”
Also empowering professionals to focus on bringing more value to their work? Automation — something already being noticed in the manufacturing sector. “Instead of heavy lifting, humans focus on managing AI-driven systems that power robotic forklifts.”
But within creative and social industries, for example, music is already being produced and eSports games are being won AI. von Gavrock uses a sports journalist to demonstrate the potential of AI and automation: Articles they write focus on hard facts and what happened. Automation could, in turn, “switch your focus to moderating discussions or exploring new mediums for creating content instead of trying to find a creative way to describe a game.”
