Thanks to the rise of technology, the world became a small village as it facilitates communication and transactions. You may hear: Big data, AI, AR/VR, IoT, Blockchain, etc. Many fancy terms in today’s business world but what on earth do they actually mean?
Innovators’ dilemma is the never-ending topic, as it makes big successful companies fail because of the new technologies. At the same time, technological advancement is hard to predict, which makes it even more challenging and mysterious. There is no single answer or solution to this topic.
Undoubtedly A.I. and IoT are two of the hottest trends in the business stage right now. They may seem identical, but their main difference lies in their core purpose. The idea behind IoT is to connect machines and make use of the data generated from them. A.I. is all about making the machines smarter by simulating intelligence to mimic human behavior.
APPLE. Of course, there is no way to talk about such a topic and not mention this tech behemoth. Apple was ranked #1 IoT company, even though it does not sell IoT devices per se. But Apple is one of the companies which invest a lot in partnerships, especially when it regards cutting-edge technologies. By partnering with tech start-ups, Apple retains its competitive advantage in the sector. Recently, they acquired a tech company that will provide more efficient and highly specialized hardware for the A.I. algorithms.
Google has gone a step further and accomplished the dream of getting everything done by just saying so. They created Google assistant, which is a voice control system that makes you handle various devices at home simply using your voice: for example, you want to turn off/on the lights, then Google understands sentences like:” Hey Google turn on all my lights”. And a human said, Let there be light!
Visiting and seeing up close the work of companies like Google, Apple and Intel is an integral part of the Silicon Valley Business Academy. Why not become the next Elon Musk or Steve Jobs?
“But innovation comes from people meeting up in the hallways or calling each other at 10:30 at night with a new idea, or because they realized something that shoots holes in how we’ve been thinking about a problem." - Steve Jobs