3 Important Technology Trends – AI, EDA, and 5G.

Technology is always evolving, and organizations that evolve with it tend to succeed. Coolearth Software works with all kinds of processing plants and it’s pretty obvious who stays abreast of the latest technology and those that are still in the dark ages of data collection. Below are three trends that you should look at:

  • Artificial Intelligence (AI)
  • Event-driven architecture (EDA)
  • 5th generation mobile network (5G)

Artificial Intelligence (AI)

AI is gaining momentum on the shop floor for obvious reasons. While typically an upfront cost is incurred the value long term can be substantial to the bottom line with AI integration. Accuracy and speed are two of many benefits.

“The global artificial intelligence (AI) software market is forecast to grow rapidly in the coming years, reaching around 126 billion U.S. dollars by 2025.” – Statista

What is artificial intelligence? A simplified definition: “Artificial intelligence refers to the capability of a machine that is able to replicate or simulate intelligent human behaviors such as analyzing and making judgments and decisions.” – Statista. AI technology that can help organizations realize gains in business value include:

  • Digital Data collection and reporting
  • Contract management
  • Digital commerce
  • Enterprise resource planning (ERP)
  • Human resources (HR)

And pretty much anything that is repetitive, toilsome tasks so employees can focus on higher-value work that moves an organization toward its goals.

Event-Driven Architecture (EDA)

“Incorporating event-driven architecture into your enterprise data strategy makes data more fluidly available in real time, accelerating your delivery agility and improving your business insights.” – Forrester

What is EDA? Event-driven architecture uses events to trigger and communicate between decoupled services and is common in modern applications.

“EDA has three key components: event producers, event routers, and event consumers. A producer publishes an event to the router, which filters and pushes the events to consumers. Producer services and consumer services are decoupled, which allows them to be scaled, updated, and deployed independently.” – Amazon. Also event streaming can enable real-time analysis and decision making within an enterprise. It’s particularly useful for detecting fraud, automating supply chains, stopping security threats, and making data-driven predictions. Coolearth Software solutions have been solving these issues for years.

Do you really need an EDA solution?
Decoupling services can reduce the need to share information, eliminate organizational dependencies, and keep the complexity, risk, and cost of software solutions down. Since events can’t be changed, they can serve as a traceable (transparent) record of what has occurred over time.

5th Generation Mobile Network (5G)

“5G is destined to be a key technology in public-sector digital transformation initiatives.” – Gartner

Who hasn’t heard of 5G… but what is it? The world has spotlighted the 5th generation mobile network (5G) as cellular phone companies deploy it globally. 5G is the planned successor to 4G. 5G can operate on a wider range of the radio spectrum that can travel long distances and penetrate concrete walls, deliver rapid download speeds and handle large quantities of data (pending obstacles).

Note: 5G can offer a 100x increase in traffic capacity and network efficiency over 4G and a 10x decrease in end-to-end latency down to 1 millisecond (ms). – Qualcomm

5G can help make the expansion of the Internet of Things (IoT) and mission-critical communications (critical components to the new trends) a real possibility.

Is it for you?

Coolearth Software can help work with all three technology trends and are currently doing so. For more information and whether it’s a fit for you organization contact us at (206) 770-9061 (option 1) or contact us here.

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