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Technology Convergence Enabling Future of Digital Work

  • Report

  • 76 Pages
  • September 2018
  • Region: Global
  • Frost & Sullivan
  • ID: 4655839

Digitization trend can significantly save time of humans and improve productivity and enhance efficiency in business processes. The digital transformation is enabling organizations to cut down costs, analyze large volume of user data for effective decision making and in optimizing businesses processes while improving quality of products and services. Organizations are increasingly adopting newer technologies to drive automation in enterprises to remain competitive and to effectively meet end-user needs.

With massive increase in data usage and trend towards embracing the Internet of Things (IoT) concept, AI, Big Data and advanced methods of data processing and computing such as Edge computing and blockchain are key towards driving the trend. Advancements in enterprise artificial intelligence tools for data analysis are transforming various operations and functionalities in an organization. Technologies such as Virtual reality and hybrid cloud storage are in development phase and are expected to enable automation and seamless integration with technologies for more advanced operations at workplace.

The technology and innovation report “Technology Convergence Driving Future of Digital Work” covers enabling technologies driving the future of smarter workplace. The report captures information on technology and application landscape, key stakeholder initiatives, and growth opportunities for technologies in smarter and modern workplace.

Key questions addressed in the innovation report:

  • What are the key emerging technologies that are likely to have a high impact in the adoption of digitization trend in enterprises?
  • What are the benefits and applications of the technologies enabling digitization in enterprises?
  • What are the key focus areas of technology development?
  • How are organizations impacting the digitization trend in workplace?
  • Who are the major influencers and what are the recent technology initiatives?
  • What are future growth opportunities?

Table of Contents

1.0 Executive Summary
1.1 Scope of Research
1.2 Research Methodology
1.3 Research Methodology Explained
1.4 Digital Technologies Help Transform Business Processes
1.5 Snapshot of Key Technologies Influencing the Digitization in Enterprises
1.6 AI, Emerging as One of the Key Technologies to Enable Digitization in Future Workplace
2.0 Technology Convergence - Enabling Technologies and Applications Landscape
2.1 Digitization Trend and Enabling Technologies
2.2 Technology Convergence Influencing Digital Work
2.3 Growth Drivers, Industry Challenges, and Impact Assessment
2.4 Growth Drivers - Process Optimization, Reliability, Reduced Network Traffic, and Compatibility
2.5 Growth Challenges - Uncertainty, Legal Complexities, Infrastructure, and Integration
2.6 Illustration of Industries and Specific Application Scenarios
3.0 Artificial Intelligence - Impact Assessment and Stakeholder Initiatives
3.1 Artificial Intelligence is Transforming Digitization and Driving Opportunities in the Workplace
3.2 Artificial Intelligence Helps Refine End-user Experience in an Enterprise
3.3 Application Scenarios of AI in Enterprises - Transformation in Business Analysis, HR Processes, Customer Service
3.4 AI Applications in Different Workplace Scenarios - Healthcare, Financial Services, and Retail
3.5 Stakeholder Initiatives - AI Innovations from Spoke, Montage, and AISense
3.6 Stakeholder Initiatives - AI Innovations from Chorus.ai and ThoughtSpot
3.7 Key Partnerships in AI Impacting Future Workplace
4.0 Big Data - Impact Assessment and Stakeholder Initiatives
4.1 Opportunities for Big Data in Enterprises
4.2 Big Data Enterprise Architecture
4.3 Benefits of Leveraging Big Data in the Workplace
4.4 Big Data Applications in Different Workplace Scenarios - Healthcare, Financial Services, and Government
4.5 Stakeholder Initiatives - Big Data Developments from Apache Software Foundation, Impetus, and RapidMiner Radoop
4.6 Stakeholder Initiatives - Big Data Developments from Avlino, Apache Software Foundation
4.7 Key Partnerships in Big Data Impacting Future Workplace
5.0 Blockchain - Impact Assessment and Stakeholder Initiatives
5.1 Significance of Blockchain in the Modern Workplace
5.2 Blockchain Aids Secure Data Transactions
5.3 Ethereum Enterprise Architecture for Enterprise Blockchain Solutions
5.4 Impact of Blockchain in Different Enterprise Segments - HR, Supply Chain Management, Finance, IT, and Cybersecurity
5.5 Blockchain Applications in Different Workplace Scenarios - Banking, Real Estate, and Healthcare
5.6 Stakeholder Initiatives - Blockchain Developments from Hyperledger Fabric, Quorum, and R3 Corda
5.7 Stakeholder Initiatives - Big Data Developments from Hedera Hashgraph and VechainThor
5.8 Key Partnerships in Blockchain Influencing Future Workplace
6.0 Edge Computing - Impact Assessment and Stakeholder Initiatives
6.1 Edge Computing is Redefining Enterprise Experience
6.2 Edge Computing - Three-tier Architecture for Enterprises
6.3 Applications of Edge Computing - Transportation, Oil & Gas, Energy, and Chemical Industries
6.4 Key Trending Uses in Healthcare, Transportation, and Telecommunications
6.5 Stakeholder Initiatives - Edge Computing Initiatives from Vapor IO, Microsoft, and ClearBlade
6.6 Stakeholder Initiatives - Edge Computing Initiatives from Software AG and ADLink
6.7 Key Partnerships in Edge Computing Influencing Future Workplace
7.0 Robotic Process Automation
7.1 Robotic Process Automation Improves Productivity in the Workplace
7.2 Robotic Process Automation Enterprise Architecture
7.3 Applications of RPA in Enterprises - Supply Chain Management, Healthcare, Banking, and Human Resources
7.4 Benefits of Deploying RPA in Healthcare, Banking, and Insurance Sectors
7.5 Stakeholder Initiatives - RPA Developments from Automation Anywhere, UiPath, and WorkFusion
7.6 Stakeholder Initiatives - RPA Developments from Blueprism
7.7 Key Partnerships in RPA Influencing Future Workplace
8.0 Implementation Examples of Technologies Enabling Digitization in the Workplace
8.1 Danske Bank, Denmark Deploys RPA to Automate Account Creation and Closure
8.2 JP Morgan Chase’s COIN Reduces Loan-servicing Errors By Deploying Machine Learning
8.3 LDC Carries Out a Blockchain-based Trade of Soyabeans Greatly Reducing Time Involved in the Trade
8.4 PepsiCo Uses Hadoop Big Data Analytics Platform for Data Processing
8.5 Rockwell Automation Uses Azure IoT Edge Platform to Enable Quick Data Processing on the Plant Floor
8.6 Key Funding and Stakeholder Initiatives
9.0 Technology Forecast and Growth Opportunities
9.1 Five Year Forecast on Future of Work
9.2 Strategic Industrial Alliances are Enabling Development of End-to-end Customer Solutions
9.3 Advancements in AR/VR Technologies will Lead to Remote Collaboration in Processes and Increase Productivity
9.4 Digitization will Enhance Employee Engagement and Productivity in Modern and Smarter Workplace
10.0 Industry Contacts
10.1 Key Industry Contacts
Legal Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ADLink
  • AISense
  • Apache Software Foundation
  • Automation Anywhere
  • Avlino
  • Blueprism
  • Chorus.ai
  • ClearBlade
  • Danske Bank
  • Impetus
  • JP Morgan
  • Microsoft
  • Montage
  • PepsiCo
  • RapidMiner Radoop
  • Rockwell Automation
  • Software AG
  • Spoke
  • ThoughtSpot
  • UiPath
  • Vapor IO
  • WorkFusion