The advent of emerging tech is recasting all industries and requires leaders to embrace new capabilities to turn new tech into new competitive advantage.
As stand-alone solutions, many emerging technologies are quite compelling, and adoption rates are accelerating in areas such as cloud computing, robotic process automation and the internet of things. Others, like additive manufacturing, immersive tech, artificial intelligence and blockchain, are still being explored for their potential to deliver business value at scale.
IoT
‘Internet of Things’ products enable businesses to collect new data and information. IoT combines connectivity with sensors, devices and people, enabling a form of free-flowing conversation between man and machine, software and hardware.
EY offers services covering manufacturing and operations improvement, enabling condition-based predictive maintenance, and detecting and responding to network events.
Blockchain
Blockchain is a decentralized ledger of each transaction that occurs across a network, which enables the decentralized exchange of trusted data – a “shared record book.” Blockchain technologies allows for increased traceability and auditability.
EY provides the following services, namely, creating organizational awareness, performing a blockchain opportunity assessment, developing a transformation roadmap and supporting implementation.
Robotics & Intelligent Automation
Replacing repetitive tasks with Robotics and Automation can redirect employees’ focus on value adding tasks.
DevOps
DevOps leads to a product of higher quality, cost reduction, reduced time-to-market, better collaboration and increased reliability and scalability.