This article discusses the increasing demand for automation, resource management, and Industry 4.0 initiatives, as well as the rise of technologies such as industrial Internet of Things (IoT), edge computing, artificial intelligence (AI), machine learning, and advanced data analytics. It also highlights the importance of identifying emerging and accelerating innovations in order to understand their current level of adoption and the likely future trajectory and impact they will have. According to GlobalData’s Technology Foresights, there are over 300 innovation areas that will shape the future of the technology industry, with finite element simulation, deductive databases, and neural networks for data storage being some of the disruptive technologies in the early stages of application.
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