{"id":246,"date":"2019-12-06T18:33:54","date_gmt":"2019-12-06T18:33:54","guid":{"rendered":"http:\/\/aeologic.com\/blogs\/?p=246"},"modified":"2020-03-13T11:39:55","modified_gmt":"2020-03-13T11:39:55","slug":"implications-of-game-changing-technologies-in-the-services-sector","status":"publish","type":"post","link":"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/","title":{"rendered":"Implications of Game-Changing Technologies in the Services Sector"},"content":{"rendered":"<p>There is a difference between disruptive innovation and incremental innovation. <strong>How<\/strong>? Improving a candle by adding a wick that burns very slowly, is an example of incremental innovation whereas the process of inventing the electric light bulb is an innocent example of disruptive innovation. This sharp contrast is a clear indicator that technological innovation is constant and ongoing, but from time to time new inventions can floor the way for exclusively new techniques and applications.<\/p>\n<p><strong>India is leading into the transformative age with the \u201dRise of the Super consumer\u201d and support of <\/strong>Few advancing transformative technological changes that possess the capacity to remodel and rattle the present services sector- financial services, education, retail, healthcare, public administration, social work, and transport.<\/p>\n<p><em>It is important to realize that services play a critical role in every economy, i.e. not simply with respect to job production but also since they contribute to the overall economic expansion and improve industrial performance. <\/em><\/p>\n<p>Potentially \u201cgame-changing\u201d technologies like advanced robotics, artificial intelligence, autonomous transport projects, virtual reality, blockchain, wearable devices and AR will definitely influence these specified areas. <em>Let\u2019s know-How and Why? <\/em><\/p>\n<p><strong>Artificial Intelligence and more: <\/strong>UAE and Europe are the first two countries who have massively evolved its technological sector with rising investments and deals in automation, AI, machine learning and big data which are a result of their flourishing the start-up landscape. How is India progressing?<\/p>\n<p>India is furthering a community ecosystem in order to enhance AI capabilities and the next wave of talent development. NITI Aayog, also known as the India think tank has recently partnered with global tech incumbents to usher in a new AI era in India. Few of the collaborations:<\/p>\n<ol>\n<li>NITI Aayog and the Google partnership-To collaborate and develop AI-based solutions in order to increase the overall economic productivity of India.<\/li>\n<li>NITI Aayog and the ABB partnership to leverage AI and IoT or Internet of Things to digitize sectors<\/li>\n<li>NITI Aayog and the Microsoft partnership to advantage from AI and transform the agriculture and healthcare sectors by enhancing the crop yield.<\/li>\n<\/ol>\n<p><strong>Robotic Process Automation: <\/strong>Coupling with Artificial Intelligence in order to set the foundation for \u201cintelligent automation\u201d across all business operations. Why RPA?<\/p>\n<p>The implementation of Robotic Process Automation has opened channels for companies to further optimize costs and free up certain resources in order to better focus on value further improvising business functions. Considering markets grow and technology changes, RPA allows organizations to react immediately, without the obligation to rearrange a significant IT project or generate new interfaces.<\/p>\n<p><strong>Virtual and augmented reality and Blockchain: <\/strong>Blockchain has been the harbinger of trust due to its rule of decentralization and assurance of autonomy. Virtual Reality, on the other hand, has brought authenticity to education due to immersive experience.<\/p>\n<h2>Blockchain adoption curve industry-wise:<\/h2>\n<ol>\n<li>Media and Telecom<\/li>\n<li>Retail, Consumer Goods<\/li>\n<li>Financial Services, Exchanges<\/li>\n<li>Healthcare<\/li>\n<li>Public Sector<\/li>\n<li>Manufacturing, P&amp;U<\/li>\n<\/ol>\n<p><strong>How AEOLogic contributes to India\u2019s traversing economy with these transformative technologies?\u00a0 <\/strong>These relatively nascent technologies -Blockchain, AI and Robotics has a huge potential to grow in India as they bring benefits across all industries. But this can only be achieved when a structured approach is fabricated that will span across governance, policy formulations, technology ecosystem expansion, upskilling and reskilling talent along with decided and dedicated digital budget allocations and private or public investments. AEOlogic helps Government and private companies in strategizing, scaling and implementing all these game-changing technologies in areas where both economic growth and ease of work is fulfilled.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a difference between disruptive innovation and incremental innovation. How? Improving a candle by adding a wick that burns very slowly, is an example of incremental innovation whereas the process of inventing the electric light bulb is an innocent example of disruptive innovation. This sharp contrast is a clear indicator that technological innovation is constant and ongoing, but from time to time new inventions can floor the way for exclusively new techniques and applications. India is leading into the transformative age with the \u201dRise of the Super consumer\u201d and support of Few advancing transformative technological changes that possess the capacity to remodel and rattle the present services sector- financial services, education, retail, healthcare, public administration, social work, and transport. It is important to realize that services play a critical role in every economy, i.e. not simply with respect to job production but also since they contribute to the overall economic expansion and improve industrial performance. Potentially \u201cgame-changing\u201d technologies like advanced robotics, artificial intelligence, autonomous transport projects, virtual reality, blockchain, wearable devices and AR will definitely influence these specified areas. Let\u2019s know-How and Why? Artificial Intelligence and more: UAE and Europe are the first two countries who have massively evolved its technological sector with rising investments and deals in automation, AI, machine learning and big data which are a result of their flourishing the start-up landscape. How is India progressing? India is furthering a community ecosystem in order to enhance AI capabilities and the next wave of talent development. NITI Aayog, also known as the India think tank has recently partnered with global tech incumbents to usher in a new AI era in India. Few of the collaborations: NITI Aayog and the Google partnership-To collaborate and develop AI-based solutions in order to increase the overall economic productivity of India. NITI Aayog and the ABB partnership to leverage AI and IoT or Internet of Things to digitize sectors NITI Aayog and the Microsoft partnership to advantage from AI and transform the agriculture and healthcare sectors by enhancing the crop yield. Robotic Process Automation: Coupling with Artificial Intelligence in order to set the foundation for \u201cintelligent automation\u201d across all business operations. Why RPA? The implementation of Robotic Process Automation has opened channels for companies to further optimize costs and free up certain resources in order to better focus on value further improvising business functions. Considering markets grow and technology changes, RPA allows organizations to react immediately, without the obligation to rearrange a significant IT project or generate new interfaces. Virtual and augmented reality and Blockchain: Blockchain has been the harbinger of trust due to its rule of decentralization and assurance of autonomy. Virtual Reality, on the other hand, has brought authenticity to education due to immersive experience. Blockchain adoption curve industry-wise: Media and Telecom Retail, Consumer Goods Financial Services, Exchanges Healthcare Public Sector Manufacturing, P&amp;U How AEOLogic contributes to India\u2019s traversing economy with these transformative technologies?\u00a0 These relatively nascent technologies -Blockchain, AI and Robotics has a huge potential to grow in India as they bring benefits across all industries. But this can only be achieved when a structured approach is fabricated that will span across governance, policy formulations, technology ecosystem expansion, upskilling and reskilling talent along with decided and dedicated digital budget allocations and private or public investments. AEOlogic helps Government and private companies in strategizing, scaling and implementing all these game-changing technologies in areas where both economic growth and ease of work is fulfilled.<\/p>\n","protected":false},"author":3,"featured_media":247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,30,37],"tags":[],"class_list":["post-246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-blockchain","category-gaming"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Implications of Game-Changing Technologies in the Services Sector - Aeologic Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implications of Game-Changing Technologies in the Services Sector - Aeologic Blog\" \/>\n<meta property=\"og:description\" content=\"There is a difference between disruptive innovation and incremental innovation. How? Improving a candle by adding a wick that burns very slowly, is an example of incremental innovation whereas the process of inventing the electric light bulb is an innocent example of disruptive innovation. This sharp contrast is a clear indicator that technological innovation is constant and ongoing, but from time to time new inventions can floor the way for exclusively new techniques and applications. India is leading into the transformative age with the \u201dRise of the Super consumer\u201d and support of Few advancing transformative technological changes that possess the capacity to remodel and rattle the present services sector- financial services, education, retail, healthcare, public administration, social work, and transport. It is important to realize that services play a critical role in every economy, i.e. not simply with respect to job production but also since they contribute to the overall economic expansion and improve industrial performance. Potentially \u201cgame-changing\u201d technologies like advanced robotics, artificial intelligence, autonomous transport projects, virtual reality, blockchain, wearable devices and AR will definitely influence these specified areas. Let\u2019s know-How and Why? Artificial Intelligence and more: UAE and Europe are the first two countries who have massively evolved its technological sector with rising investments and deals in automation, AI, machine learning and big data which are a result of their flourishing the start-up landscape. How is India progressing? India is furthering a community ecosystem in order to enhance AI capabilities and the next wave of talent development. NITI Aayog, also known as the India think tank has recently partnered with global tech incumbents to usher in a new AI era in India. Few of the collaborations: NITI Aayog and the Google partnership-To collaborate and develop AI-based solutions in order to increase the overall economic productivity of India. NITI Aayog and the ABB partnership to leverage AI and IoT or Internet of Things to digitize sectors NITI Aayog and the Microsoft partnership to advantage from AI and transform the agriculture and healthcare sectors by enhancing the crop yield. Robotic Process Automation: Coupling with Artificial Intelligence in order to set the foundation for \u201cintelligent automation\u201d across all business operations. Why RPA? The implementation of Robotic Process Automation has opened channels for companies to further optimize costs and free up certain resources in order to better focus on value further improvising business functions. Considering markets grow and technology changes, RPA allows organizations to react immediately, without the obligation to rearrange a significant IT project or generate new interfaces. Virtual and augmented reality and Blockchain: Blockchain has been the harbinger of trust due to its rule of decentralization and assurance of autonomy. Virtual Reality, on the other hand, has brought authenticity to education due to immersive experience. Blockchain adoption curve industry-wise: Media and Telecom Retail, Consumer Goods Financial Services, Exchanges Healthcare Public Sector Manufacturing, P&amp;U How AEOLogic contributes to India\u2019s traversing economy with these transformative technologies?\u00a0 These relatively nascent technologies -Blockchain, AI and Robotics has a huge potential to grow in India as they bring benefits across all industries. But this can only be achieved when a structured approach is fabricated that will span across governance, policy formulations, technology ecosystem expansion, upskilling and reskilling talent along with decided and dedicated digital budget allocations and private or public investments. AEOlogic helps Government and private companies in strategizing, scaling and implementing all these game-changing technologies in areas where both economic growth and ease of work is fulfilled.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Aeologic Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AeoLogicTech\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-06T18:33:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-13T11:39:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.aeologic.com\/blog\/wp-content\/uploads\/2019\/12\/Game-Changing-Technologies.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"626\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manoj Kumar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aeologictech\" \/>\n<meta name=\"twitter:site\" content=\"@aeologictech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manoj Kumar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\"},\"author\":{\"name\":\"Manoj Kumar\",\"@id\":\"https:\/\/www.aeologic.com\/blog\/#\/schema\/person\/13549984ba8e5f441cc733ed20d7daa4\"},\"headline\":\"Implications of Game-Changing Technologies in the Services Sector\",\"datePublished\":\"2019-12-06T18:33:54+00:00\",\"dateModified\":\"2020-03-13T11:39:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\"},\"wordCount\":586,\"publisher\":{\"@id\":\"https:\/\/www.aeologic.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.aeologic.com\/blog\/wp-content\/uploads\/2019\/12\/Game-Changing-Technologies.jpeg\",\"articleSection\":[\"Artificial Intelligence\",\"Blockchain\",\"Gaming\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\",\"url\":\"https:\/\/www.aeologic.com\/blog\/implications-of-game-changing-technologies-in-the-services-sector\/\",\"name\":\"Implications of Game-Changing Technologies in the Services Sector - 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Improving a candle by adding a wick that burns very slowly, is an example of incremental innovation whereas the process of inventing the electric light bulb is an innocent example of disruptive innovation. This sharp contrast is a clear indicator that technological innovation is constant and ongoing, but from time to time new inventions can floor the way for exclusively new techniques and applications. India is leading into the transformative age with the \u201dRise of the Super consumer\u201d and support of Few advancing transformative technological changes that possess the capacity to remodel and rattle the present services sector- financial services, education, retail, healthcare, public administration, social work, and transport. It is important to realize that services play a critical role in every economy, i.e. not simply with respect to job production but also since they contribute to the overall economic expansion and improve industrial performance. Potentially \u201cgame-changing\u201d technologies like advanced robotics, artificial intelligence, autonomous transport projects, virtual reality, blockchain, wearable devices and AR will definitely influence these specified areas. Let\u2019s know-How and Why? Artificial Intelligence and more: UAE and Europe are the first two countries who have massively evolved its technological sector with rising investments and deals in automation, AI, machine learning and big data which are a result of their flourishing the start-up landscape. How is India progressing? India is furthering a community ecosystem in order to enhance AI capabilities and the next wave of talent development. NITI Aayog, also known as the India think tank has recently partnered with global tech incumbents to usher in a new AI era in India. Few of the collaborations: NITI Aayog and the Google partnership-To collaborate and develop AI-based solutions in order to increase the overall economic productivity of India. NITI Aayog and the ABB partnership to leverage AI and IoT or Internet of Things to digitize sectors NITI Aayog and the Microsoft partnership to advantage from AI and transform the agriculture and healthcare sectors by enhancing the crop yield. Robotic Process Automation: Coupling with Artificial Intelligence in order to set the foundation for \u201cintelligent automation\u201d across all business operations. Why RPA? The implementation of Robotic Process Automation has opened channels for companies to further optimize costs and free up certain resources in order to better focus on value further improvising business functions. Considering markets grow and technology changes, RPA allows organizations to react immediately, without the obligation to rearrange a significant IT project or generate new interfaces. Virtual and augmented reality and Blockchain: Blockchain has been the harbinger of trust due to its rule of decentralization and assurance of autonomy. Virtual Reality, on the other hand, has brought authenticity to education due to immersive experience. Blockchain adoption curve industry-wise: Media and Telecom Retail, Consumer Goods Financial Services, Exchanges Healthcare Public Sector Manufacturing, P&amp;U How AEOLogic contributes to India\u2019s traversing economy with these transformative technologies?\u00a0 These relatively nascent technologies -Blockchain, AI and Robotics has a huge potential to grow in India as they bring benefits across all industries. But this can only be achieved when a structured approach is fabricated that will span across governance, policy formulations, technology ecosystem expansion, upskilling and reskilling talent along with decided and dedicated digital budget allocations and private or public investments. 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