The ongoing digital age has thrown up several buzzwords, but few can challenge the buzz behind AI (Artificial Intelligence) and IoT (Internet-of-Things). But these are more than merely buzzwords. Rather, they denote the rise of the access economy. Companies in the access economy, are taking advantage of their enormous data warehousing capabilities to monetize, rather than simply relying on their products to be sold. This is enabling companies to reduce their risks by opting for subscription models. It is also allowing personalized services to be offered to customers. This access economy is not restricted to heavy industry or manufacturing alone. Instead, Netflix, Spotify and Zuora re key proponents of this sea change.

Source:https://www.forbes.com/sites/insights-intelai/2018/09/21/welcome-from-forbes-to-a-special-exploration-of-ai-issue-2/

Uploaded Date:27 September 2018