See our Privacy Policy and User Agreement for details. For finding and engaging clients online, marketing services, and monitoring competitors, professional services firms have widely started using social media. Interested in emerging technologies? Clipping is a handy way to collect important slides you want to go back to later. Top 5 Emerging Retail Industry Trends. This report examines the current Medicare payment methodology for outpatient clinical laboratory services in the context of environmental and technological trends, evaluates payment policy alternatives, and makes recommendations to improve the system. In fact, IoT is the most widely adopted technology in CompTIA’s emerging tech track. The enormity of the industry is a function of many of the trends discussed in this report. As best practices are developed and proper protocols put in place, drones offer real-potential for businesses. Being omnichannel is an emergence of new trends in customer service. Blockchain technology will also allow for better record management, providing a snapshot of any record from its origination. Service Sector Contribution to Indian Economy 2. Cybersecurity will no longer operate as an addendum in the world of information technology. India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. For more on these and other IT trends, download CompTIA’s IT Industry Outlook 2020 research report. Despite the challenges that have resulted, there are reasons to be optimistic. All bows to the worldwide pandemic, most of the global IT population is sitting back, working from home. New customer service trends seem to emerge every day, so keeping up can feel like quite the challenge. 5G promises some dramatic changes. For those unaware, the food service industry is composed of all forms of food retail. This shift is called tertiarisation. Another cryptocurrency utilizing blockchain technology is Ethereum. In addition to the betterment of traditional systems, these banking and financial services industry trends are a few steps toward creating a cashless society, complete digital transformation, and the rise of Fintech. According to several reports, Generation Z is about to take over Millenials in population numbers and their estimated buying power. Quantum computing offers businesses a powerful tool for predictive analytics and big data analysis. As is often seen with social media, AI, combined with machine learning, can be a powerful combination. Gartner defines edge computing as a model where “information processing and content collection and delivery are placed closer to the sources, repositories and consumers of this information.” This model optimizes technological interactions and reduces latency at the point of origin to enable more effective and real-time data consumption. - AN ECONOMIC STUDY. 2020 promises to be a year of transformation for financial services in Canada. 1. Businesses can use AI to achieve cost-saving benefits, streamline workflows, enable more efficient communications, improve customer satisfaction, and provide insight into purchasing behavior. These are the emerging trends businesses need to keep their eyes on in 2020. Economies, jobs, and personal lives are becoming more digital, more connected and more automated—a trend that is only accelerating after recent events. Learn more about CompTIA’s Emerging Technology Community. In 21 states and union territories, Service Sector is a dominant economic sector contributing more than half of the gross state domestic product (GSDP). As companies leverage emerging trends and move more toward cloud computing, cybersecurity will become a critical business functionality and will be an integral business process. Within a short span of 50 years since independence, the contribution of the service sector in India … Service sectors ppt 1. The US engineering and construction (E&C) industry began 2020 on a bright note—and then COVID-19 hit. Smart contracts offer endless capabilities for ensuring agreements are carried out and therefor can help position you as a trusted brand. Quantum computers leverage the principles of superposition and entanglement to process information on an exponential scale. 5G. The latest technology methods and best practices of 2019 will primarily stem from current trends in information technology. We use cookies that improve your experience with the website, keep statistics to optimize performance, and allow for interaction with other platforms. Foreign Direct Investment and Indian Economy ppt, No public clipboards found for this slide. The European Union’s 5G action plan includes uninterrupted 5G … The Internet of Things is increasingly offering business opportunities in the form of data collection and analysis. The rise of Fintech companies, internet banking, and mobile banking are some of the classic examples of emerging trends in the banking sector and financial services. Accelerating developments have brought about the need for higher quality services and operational excellence. And if you wish to make the most of your time at home, here are top 10 new technology trends you should watch for and make an attempt at in 2021, and possibly secure one of the jobs that will be created by these new technology trends. 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