Technology provides the public agencies the capability to get real time data and plan routing and services dynamically
2.Machine Learning
This anyways which falls under the big umbrella called Artificial Intelligence has come a long way from being a buzz word to important factor of business processes. Realizing the benefits of Machine Learning on the whole, Millions of dollars are being invested into the startup ecosystem. Companies around the globe, boosted by countries’ various strategies, have worked to implement AI practices. The Machine learning market is expected to grow to USD8.81 billion by 2020. It is providing varied opportunities in data analytics, data mining, and pattern recognition. It is also powering up the search results on web applications, enhancing the user experience.
3. Robotics and Robotic Process Automation
This is another technology that is automating jobs in a faster pace. The impact of artificial intelligence and robotics on employment opportunities have always been a topic of speculation. Research are taking place is diminish the fear. A report generated by Gartner suggests that by 2020, AI & Robotics would generate an estimated 2.3 million jobs globally. This was calculated by taking into account the 1.8 million jobs made simpler by automation. The field is picking up the trend across various sectors and grabbing the attention of business ecosystem. As a result, many startups are employing robotics in order to optimize the production process and provide products worth the value. This is improving the economic life of companies which in turn results in global development.
Adding to this list Blockchain, Cloud Computing, Edge Computing, Virtual Reality & Augmented Reality, Internet of Things are also playing a vital role in growth of startups by providing avenue for newer appellations.
