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In the long run, we see a steep increase in the proliferation of all types of data due to IoT which will pose both challenges and opportunities. It is also important to have a strong test and learn culture to encourage rapid experimentation. What do you recommend to organizations to harness this but also show a solid ROI?
With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.
While enterprises invest in innovation, key challenges such as successful sustenance, ROI realization, scaling and accelerating still remain. . They are nurturing agile and elite ecosystems in an effort to outpace the competition and deliver tangible returns on the innovation investments. . Accelerate Innovation.
How is Havmor leveraging emerging technologies such as cloud, internet of things (IoT), and AI? We have undertaken small pilot projects last year under IoT, which have been scaled to more production lines. We need to define our business objective before adopting those new tools, because AI is simply algorithm.
IT teams grapple with an ever-increasing volume, velocity, and variety of data, which pours in from sources like apps and IoT devices. IT funding might be on the rise, but the ROI for the business from technology investments isn’t as high as it should be.
And more recently, we have also seen innovation with IOT (Internet Of Things). What do you recommend to organizations to harness this but also show a solid ROI? And it’s become a hyper-competitive business, so enhancing customer service through data is critical for maintaining customer loyalty.
This involves the integration of digital technologies into its planning and operations like adopting cloud computing to sustain and scale infrastructure seamlessly, using AI to improve user experience through natural language communication, enhancing data analytics for data-driven decision making and building closed-loop automated systems using IoT.
Related technologies headed into the trough include NFTs, Web3, decentralized exchanges, and blockchain for IoT. The blockchain experimentation thats happening is what youre willing to burn, and its more an experiment to see what is possible, but its not replacing your existing processes or tools.
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