Digital Transformation Digest
With social distancing in full swing, there's increased demand for digital solutions that reduce or eliminate human touch, forcing some retailers to accelerate their plans to provide options for contactless payments and self-service checkout. As retailers prepare for store re-openings, many have announced the availability of touchless payments, including department store retail chain Kohl's department store, whose customers will have the option to pay for purchases through its app.
As the COVID-19 crisis challenges businesses and society worldwide, technology is playing a more important role than ever. Technology enables businesses to be more resilient through remote workspaces, automatic backups, and data access. Companies with business continuity plans are the ones that will come through an epidemic the strongest, with minimal impact. Moreover, accelerating business transformation efforts can help strengthen a company’s position in its market once the pandemic passes.
Healthcare professionals all over the world are looking at using telehealth solutions to halt the spread of the COVID-19 virus. The outbreak of the COVID-19 virus has created a red alert need for healthcare at a distance, which can be solved with telemedicine services and applications.
Many of us think that artificial intelligence (AI) is about connected and driverless cars, smart homes and robotics. But AI is much more than that. AI experts see it as a revolutionary technology that could help many industries, with healthcare among them. Key clinical health AI applications hold the potential to create $150 billion in annual savings for the US healthcare economy by 2026. The market value of AI in the health care industry is predicted to reach $6.6 billion by 2021.
In Part 3 of How 19 smart cities are using big data to change their futures, big data will continue to be the big story about how smart cities in Canada and the United States are using it to change their futures.
In Part 2 of How 19 smart cities are using big data to change their futures, we continue our focus on how big data is influencing big changes by smart cities around the world.