Back in the early stages of smart city initiatives, we witnessed the pioneering integration of technology aimed at elevating the quality of urban life. According to Statista, the Smart Cities market is expected to witness significant revenue growth, with projected revenue reaching $104.80 billion in 2024. This growth is further expected to continue at a…
According to a report by Goldman Sachs, AI has the potential to replace around 300 million full-time jobs. This could involve automating a quarter of work tasks in the U.S. and Europe. This growth can perhaps be connected to the increased understanding of how this technology can be implemented. Artificial Intelligence (AI) stands at the…
The gaming industry has undergone a remarkable evolution, fundamentally altering the entertainment landscape as we know it. From its humble beginnings as pixelated arcades to the immersive experiences of today, gaming has become a global phenomenon that transcends age, culture, and borders. According to Statista,in 2022, the revenue from the worldwide gaming market was estimated…
Welcome to the era of Web3, where the internet is undergoing a revolutionary transformation. As we step into this new digital frontier, traditional notions of centralized control are giving way to a decentralized and transparent ecosystem. Web3, also known as Web 3.0, brings with it the promise of greater autonomy, security, and trust for internet…
The number of IoT devices worldwide is expected to rise from 9.7 billion in 2020 to more than 29 billion by 2030, and researchers are predicting that China is expected to have the highest number of IoT devices by 2030. This growth can perhaps be connected to the increased understanding of this technology. The concept…
“Working in the IT industry for many years has made me consider how technologies are helping to improve the processes of businesses. Some say that technology implementation isn’t worth it, but I believe that we can incorporate the potential of technology into any existing project”…. That’s why it’s so important to see more use cases…
Digital transformation has become essential for businesses to remain competitive in today’s ever-changing technological landscape. Working for many years with many diverse clients from very different industries, I continue to see how important it is for businesses to follow new technological trends and embrace digital transformation. While many businesses have already embarked on their digital…
Latency time is everywhere. It’s basically the time between when a customer performs an action (like clicking a button or swiping their screen) and receives the result created by this action. It’s the same for both websites and mobile apps. Of the 4.5 billion people who used the internet in 2022, 4 billion of them…
Nassim Taleb said, “Rare events cannot be estimated from empirical observation since they are rare,” and I believe this also applies to IT infrastructure for any kind of business. When you have an issue and don’t know what to do, it’s too late for an audit. An audit is meant to prevent issues that might…
The idea that humans can react with humor to different kinds of situations brings faith and joy for the better future. According to research, 44% of respondents rated humor as important to overall language learning. Our team has prepared an article dedicated to the humor in AI. You can read the full text in Forbes….
Gamification has different definitions. Mainly it’s an opportunity for people to be motivated by being rewarded for some action. Today you can see many examples of gamification that are used in the business world. Starting from huge corporations: the system of gamification for employees, ending with conversational agents, like Alexa. Our team has prepared an…
Almost everyday we read the topics on the growth of popularity of implementation of AI, ML among ordinary consumers. Yesterday wasn’t an exception, I found some statistics that according to Statista 21 million US shoppers used their smart speaker to make a purchase in 2019, which was higher at 32,2% in comparison to 2018. It’s…
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