Innovation in technologies like Artificial Intelligence and Machine Learning, but also business innovation is required to take advantage of the new reality in which value is increasingly created from intangible assets.
Whether we realise it or not, this digital innovation is already penetrating many aspects of our lives and it was through forward-thinking businesses that it happened. Cryptocurrencies like Bitcoin and Ethereum, marketplaces like Amazon and Alibaba, and self-driving cars like those from Waymo and Tesla, have all completely disrupted their respective industries by leveraging the power of data and technology.
Evidently, those that adapt to this digital economy, thrive. According to MIT Sloan research,
the companies that are adapting to a digital world are 26% more profitable than their industry
peers. And yet, a recent EDPR report states that only 18% of enterprises use some type of
Big Data source, which coincides with the findings from our recent survey on the state of Big
Data here in the UK and highlights the fact that businesses in Europe have not yet ridden
the digital wave.
Abstract from Suman Konkumalla's guest article on Connect World's Europe II 2018 edition
If you would like to find out more about how data and technology can help you be part of Digital Economy, give us a call at +44 (0)203 475 7980 or email us at Salesforce@coforge.com
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About Coforge.
We are a global digital services and solutions provider, who leverage emerging technologies and deep domain expertise to deliver real-world business impact for our clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. We lead with our product engineering approach and leverage Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Our proprietary platforms power critical business processes across our core verticals. We are located in 23 countries with 30 delivery centers across nine countries.