Author: Connected World
Generative AI is disrupting industries, but experts warn companies not to throw caution to the wind. ChatGPT is an innovative technology that has taken the world by storm. It is an AI (artificial intelligence)-based chatbot that can understand human language and respond in a way that feels natural. ChatGPT has been used in various industries, including healthcare, finance, customer service, and more, and it has been gaining popularity as a powerful tool for automation and cost reduction. However, as with any disruptive technology, there are concerns about its impact on the job market, privacy, and security. ChatGPT has the potential…
Is tech likely to cause a doomsday event? Millions of Americans seem to think so, according to a new survey. The survey includes responses from 6,200 Americans and extrapolated to provide stats that suggest up to 40 million Americans believe doomsday will happen in the next year, and 15.8 million Americans believe the most likely doomsday event is none other than an AI (artificial intelligence) apocalypse. Are these fears founded? Random people in a random survey aren’t the only ones who think AI is capable of harming humanity. ChatGPT has created a lot of buzz on the topic of generative…
Berg Insight says the ITS market for electric buses in Europe and North America to reach 355 million euros by 2027.
Forrester says APAC tech spend will remain robust and grow by 5.8% in 2023.
Wearable devices have been on the rise for years—but now we are seeing new features and advanced AI (artificial intelligence) technologies focused on helping adults age-in-place. For example, Bay Alarm Medical recently announced the addition of automatic fall detection to its smartwatch. The company suggests few medical alert watches on the market include automatic fall detection because wearing the watch on the wrist has historically made it prone to false alarms. But this company’s latest version of the SOS Smartwatch uses AI. When a fall is detected by the smart fall detection algorithm, the SOS Smartwatch checks in with an…
ABI Research says by 2023 prices will surge to $1.73 trillion enterprise spend on electricity consumption.
Guidehouse Insights says the global market for smart city technology is estimated to grow by more than $300 billion by 2032.
Juniper Research says mobile money transactions to exceed $2 trillion in emerging markets for the first time by 2027.
IDC says resiliency and growth expected in European IT and business services spending through 2027.
Smart automotive manufacturing is revolutionizing the way today’s vehicles are designed and produced, which is paving the way for more connected, sustainable, and “smart” transportation solutions. Thanks to advancements in AI (artificial intelligence), robotics, and data analytics, among other cutting-edge IoT (Internet of Things)-related technologies, automotive manufacturing relies more than ever on realtime monitoring and predictive maintenance, while benefitting from enhanced safety measures. Industrial automation solutions are also streamlining production processes, optimizing efficiencies, and opening the door for improved quality control. The automotive manufacturing equipment market is set to grow from $6.7 billion in 2023 to $11.4 billion in 2028,…