The declaration of COVID-19 as a health pandemic across the globe, followed by emergency lockdown in several economies for long durations, has subsequently affected the financial conditions of the companies operating in the video surveillance industry.

Most industries now face significant ramifications due to the COVID-19 pandemic and global economic slowdowns. However, not every industry has slid into a tailspin. The role-playing games market, for example, is expected to see 9.22% year-on-year growth up to 2023, according to a new report by The Business Research Company. COVID-19 has had both positive and negative effects on this market.

It is a major cause for concern that there is no proper vaccination and official treatment available that can help mitigate the coronavirus pandemic so far. Thus, it is imperative for researchers and scientists to explore different approaches and devise ways to counter this global health crisis.

In the United States alone, there are roughly 38,000 patents containing the terms artificial intelligence or machine learning (excluding overlap terms). Of all the fields where artificial intelligence (AI) is promising, healthcare seems to be essential. This is because healthcare systems are plagued with problems of staff shortages, ineffective treatments, and increased patient loads and incorrect diagnoses, all of which to a degree could be helped by new technology.  

With the evolution of smart technology, the automotive industry has witnessed considerable technological changes, globally. These advanced technologies have been integrated among themselves, enabling increased safety and convenience as well as ensuring cost-effectiveness.

Chatbots are artificial intelligence software that can have conversations with users based on the principle of natural language processing (NLP). The chatbot processes the input provided by the user, focuses on the semantics, searches for the terms in the knowledge database, and provides the suitable answer as per its knowledge set.

Internet of Things (IoT) is a mega trend that is driving digitization across multiple industries, both at enterprise and consumer levels. While IoT devices may appear as a simple idea, actual implementation is complex as they require high-performance hardware platforms equipped with an integrated architecture of components for computing, sensing, and wireless communication.

Note: The following is an excerpt from the white paper "The Emerging Autonomous Vehicle Ecosystem: Who Will Be the Stakeholders, and How Can They Win?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market.

Augmented reality overlays digital information in an augmented form in the physical world. It enables the gathering of data and presents the data in 3D condition. Virtual reality (VR), on the other hand, is where computer-assisted technology is used to construct a simulated environment virtually. At present, the global virtual reality and augmented reality market across different end-user industries was valued at $12.15 billion in 2018 and is projected to reach $78.45 billion by 2025.

Lack of visibility and transparency are considered some of the biggest challenges in the supply chain industry, at times causing disruptions and inventory imbalance.  These issues largely stem from an inability to store and make sense of the overwhelming amount of data scattered across different processes, sources, and systems.