Investments in pharmaceuticals sector have always been a risky affair. The high chances of failures and lower chances of good returns make good reasons for this. If we look at the numbers, as per a report, the R&D returns for twelve large-cap biopharma companies have decreased to 1.9% in [...]
iRobot, an advanced technology company, leverages cognitive manufacturing and edge computing within its intelligent robot factory. Based on a six-pronged approach, the robot manufacturer has built a smart system architecture that encompasses intelligent terminal, system management, edge computing node, cloud and cognitive engine, intelligent device unit, and a production line layer. By [...]
It has been a 100 years since we started placing importance on quality. Marking this achievement, the World Quality Day will be celebrated on November 14th this year. This century has been a witness to four groundbreaking industrial revolutions. These revolutions enabled a shift in the quality perspective from quality control to quality [...]
The exponential pace of technological advancements is not a news. Everyone is talking about digital disruption and trying to evolve and accommodate as per the latest technology trends. For some organizations, digital is an upgrade, while for others, it is total upheaval and mayhem. We are hearing about contactless payment technology [...]
The 16th National Cyber Security Awareness Month (NCSAM) is approaching its conclusion. Focusing on the idea of ‘Own IT. Secure IT. Protect IT’, NCSAM 2019 emphasized the need for prevention of cyber attacks amidst the rising digital footprint. The Director of Cybersecurity and Infrastructure Security Agency (CISA), Christopher Krebs points [...]
McKinsey Global Institute research states that IoT can have an economic impact of $6.2 Trillion by 2025. According to Cisco, the economic value added by the “Internet of Everything” will be close to $19 trillion by 2020. The strong wave of technology is creating the unstoppable momentum for Internet of Things (IoT) that is [...]
Retail banking does not remain untouched from the digital wildfire. As a matter of fact, customer-first banks are en–route their transformational journey to serve their digital-first consumers. The findings of a Business Insider report revealed a tremendous increase in the active digital customers in the third quarter of 2019 as compared to 2018. In the [...]
“Technology-driven innovation holds the potential to improve our understanding of patients, enable the delivery of more convenient, individualized care—and create $350 billion to $410 billion in annual value by 2025”, predicts McKinsey. In the past one decade, there has been more than 180% rise in health tech and digital health investments and over [...]
The speed at which the market is changing its dynamics has made it difficult for enterprises to keep up using the traditional methodologies. As a result, the need for a faster approach arose for the enterprises to be able to respond quickly and continuously to the evolving demands. With [...]
The aviation industry is not untouched by the effects of the digital wave, which has created a ripple effect across industries and organizations. However, it is not among the pioneers of the digital revolution. Instead, it simply reacts to the new wave of technology and follows the trends to [...]
