Change is a fact of life. The education industry is continuously evolving. Access to technology means more resources are available for educators, students, government bodies, industry associates and corporates. These resources empower their users to get a better control on their day to day education related requirements. Innovation also plays an equally important role. With easy access to new and innovative methods of learning, the expectations of their users are on the rise. And as expectations increase, so do the trends. All this has created a new wave of enthusiasm and there is little doubt, that the education industry is posed for rapid transformation. It is becoming important for Government bodies and Educators to understand how these factors are constantly evolving and find new & novel ways to engage learners, students or employees. Part of this demand is arising because of increased competition between educational institutes as more and more educational institutes try to retain top talent. Demand for flexible education models is on the rise as well as there is a growing need to accommodate working students through diploma courses and nontraditional certification. This has also led to a surge in specialized technology offerings like virtual reality being implemented as an immersive learning experience.
Government and Public Sector
The public sector is going through a radical change. For decades, the private sector has been leading the public sector when it comes to technology adoption and automation. Change is inevitable. The public sector has been closely following the rapid advancements in the private sector and over the last few years it has systemically created a model of adaption after seeing big changes that have been happening in the other private sector industries. Macroeconomic factors and environmental factors are driving business policies globally and adapting to these changes very quickly becomes a success factor for the government and public sector industry. The rapid rise of digital transformation and e-governance has further driven massive changes around the way business happens in the new economy. It has also become more critical for Government bodies to improve customer experience and citizen relationships because these have a direct impact on the requirements and demands of citizens in a new world. Governments will also need to be more rooted to understand the changing needs of the citizens so that they can serve them better with the use of technology and practice. Transformation is driving a different level of play where new models need to be deployed to deliver better experiences. Operations, Policy issues, Immigration, Defense, Regulations, Healthcare and Infrastructure Development are all going through momentous shifts and this industry is poised for rapid transformation based on the trends we are seeing globally.
Media and Publishing
The Media and Publishing Industry is rapidly transforming. The focus of this industry is moving from Media creation to Media monetization. Profit management has become extremely critical due to the complex supply-chain ecosystem. Media organizations have also been through acquisitions and organic growth that has resulted in a fragmented IT infrastructure spread across business and geographic boundaries. To add to this media is consumed on different devices and different platforms globally. Younger consumers committed to their mobile devices are looking forward to 5G Technology for AR/VR, Streaming Content & multi-player gaming. The intersection of Technology, Media and Telecommunications is driven by the need to create compelling user experiences and leading Media houses scramble to get more footage for their content. Technology evolution has been so relentless that often the window of Business opportunity is small and so this industry has to continually adapt. Media houses have to continually adapt to changing consumer behavior and with the race to launch more and more satellites in space faster internet, lower latency and increased reach will provide the last mile connectivity to millions of users who are under connected. The transition has created opportunities for Media companies to reach a broader network faster and at less costs.
The agriculture industry influences many sectors of the economy. Digital technologies have the potential to revolutionize agriculture by helping farmers work more precisely, efficiently and sustainably. The supply chain from farmers to granaries and to the consumers & restaurants is in a shake up mode. Digital can bring about revolutionary benefits to this trillion dollar industry worldwide. From IoT and digital platforms to the humble text messaging platforms like WhatsApp, the agriculture sector can benefit significantly from digital transformation. Data-driven insights can improve decision-making and practices and help increase environmental performance while making the job more attractive to younger generations. By using technology as a sustainable and scalable resource, transformation can take this industry to new heights. Automation, IoT, Drones and Robotics are transforming this industry to create a new supply chain legacy. IoT is simplifying and streamlining the collection, inspection and distribution of agricultural resources using sensors on equipment and machines. Drones continue to gain popularity with the agricultural sector for providing farmers with aerial views so they can see full fields and large spans of their operations. Robots in agriculture reduce manpower hours and increase yield potential.