APPENDIX

Digital Technologies

We shall discuss the following digital technologies shown in Figure A.1.

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Figure A.1 Digital Technologies

Artificial Intelligence (AI)

The concept of AI has been existing for 70 years but with the rising wave of Digital Transformation, the business application of AI has become very significant. AI is a group of technologies that enable machines to work with a higher level of intelligence and simulate human capabilities to sense, comprehend, and act.

The global enterprise adoption of AI is projected to grow at a compound annual growth rate of 38.1 percent.1 As per research conducted by MIT Sloan on top reasons why the ...

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