Improving drilling and reducing downtime are common use cases for AI and machine learning.Unlike the oil shocks of the 20th century, COVID-19 created an unprecedented situation by accelerating the downward trend in oil prices, which began under the impetus of global efforts to transition to renewable and sustainable energy sources. Some predict that oil demand…
Low code platforms are becoming more and more popular. According to Gartner, the topic of low code or no-code development has excellent growth potential. It enables non-programmers to develop their applications, for example, web applications or mobile applications. It has the potential to accelerate digital transformation significantly. At the same time, it counteracts the shortage…
Even in 2021, despite and in some professions precisely because of Corona, the increasingly fierce competition between companies for the best talent, i.e., highly qualified workers, will continue or even pick up speed. To master this challenge, many companies rely on new technologies, especially artificial intelligence (AI). Using AI to recruit new employees is nothing…
Fully digital companies such as Google or Amazon are also changing markets. They are not active because they shift the expectations that customers have of a company across all industries: Customer service is available around the clock without waiting. Simple ordering and billing processes. Real-time information about the delivery status. A purchase and contract history…
The future of the world’s population is urban. In 2050 about two-thirds of the people will live in urban areas – especially in Asia and Africa ; urbanization is accelerating rapidly. In plain language, this means that an additional 2.5 billion people are expected to live in our cities over the next three decades. In…
A digital nervous system is an information system that enables an organization to respond to external events by accumulating, managing, and distributing knowledge. The term was coined by Bill Gates, who used it in the late 1990s to describe the ideal functioning of an IT infrastructure. Like the biological nervous system, it is about providing…
The automotive industry is currently experiencing a massive shift towards software-based products and services. The key to the future of mobility is High-Performance Computing (HPC). It is only through “high-performance computing” that it is possible to cope with the enormous amounts of data required for autonomous driving and connected car technologies. HPC also forms the…
More and more employees work in the home office – remotely and decentrally. This step into the “New Normal” is increasingly moving digital tools into the focus of companies. They are now doing everything in their power to set up a digital infrastructure as quickly as possible because (analog) business as usual no longer exists….
There are often many expectations behind projects to modernize company processes and drive digital transformation in companies. Expectations that cannot permanently be reduced to a common denominator because every business area has its narrow definitions of transformation and many independent projects. Suppose you take a look at each department of a company and which technologies…
Recently, interest in machine learning (ML) has increased dramatically. More and more people are becoming aware of the possibilities of new applications made possible by the machine learning approach. ML has paved the way for technological achievements and applications that would have been impossible a few years ago in the industry. Machine learning is an…
