CanadianSME Small Business Magazine February 2022

Page 93

Small Business Generative Artificial Intelligence

Cloud Native Platform The modern office enterprise is

Generative AI is one of the most powerful artificial intelligence

giving way to hybrid and remote organizations. As a result, data

infrastructure must adapt to the

technologies on the market. It

includes a set of machine learning techniques that learn about

content or objects from data and use that knowledge to create

geographically dispersed nature

account for nearly 10% of entire

data generated, up from less than 1% today. This disruptive

wide variety of activities such as accelerating drug development,

coding, and targeted marketing. Nevertheless, industry analysts

have warned that it can also be used to scam, spread political

disinformation, and create fake personal data.

current mobile application

development trend as well. The cloud-based platform can flexible and scalable IT services at a more affordable price. It is

predicted that 75% of distributed network companies will outpace

their competitors by 25% in 2023. Meanwhile, forecasts suggest

that CNP will support 95% of all

advantage of cloud computing and its benefits, using cloud

Digital financial innovations like cryptocurrencies and central

bank-backed digital currencies (CBDCs) will improve cross-

border payments and increase

financial inclusion. Amid growing interest in online payment

purchasing decisions.

the Internet of Things as it about how consumers

engage in the purchasing process. It also includes

post-collection analysis of data from a psychological perspective such as Big Data, CDP or BI to the

Internet of Things and

various Internet sources.

Overall, this new technology aims to help businesses

improve user engagement

and customer experience in more meaningful ways.

digital initiatives by this year. Organizations can take full

Digital Finance

preferences, and make

provides more information

provide organizations with

technology can be used for a

interactions, know customer

decentralized infrastructure and

This coordination requires

many digital work and the

It is stated that generated AI will

to enhance customer

In a sense, IoT is relevant to

cloud. So it is very useful for

products.

analysis and data collection

of current and future workplaces.

services and is best served in the

entirely new, more realistic

power of IoB through

platforms to get flexible and scalable IT services at lower prices.

Internet of Behaviors (IoB)

Wrapping Up Given the current pace of

innovation and change, it is just and necessary to keep up-to-date with the latest technological trends.

Businesses large and small must embrace these new changes in the global

channels and cryptocurrencies,

As the world's digitalization

technology landscape.

are increasingly evaluating the

depend more and more on

platforms and tools at your

their success. One important

innovate to overcome the

the number of countries

(Internet Behavior). This provides

facing consumers,

consumers switch to digital

behavior. To stay competitive

So, which of these robust IT

arise, businesses can harness the

the biggest impact in 2022?

central banks around the world

increases, businesses continue to

Then, with the right

potential of digital currencies.

information and data as keys to

disposal, you need to

During the coronavirus pandemic,

aspect of consumer data is IoB

ever-changing challenges

developing CBDCs has surged as

useful insight into consumer

industries, and businesses.

payments.

and overcome challenges that

trends do you think will have

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