Page 5 - சர்வதேச தொழிற்சங்கம் ஆஃப் ரயில்வே News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As the railroad industry is going through its digital transformation such as implementing broadband communications and applications that leverage Cloud technologies, including Artificial Intelligence (AI) and Industrial Internet of Things (IIoT) for operational and commercial purposes we are finding there is a clear lag in the deployment of technologies vs. what technologies enable. We call this the cascading technology trap or “The Trap”: Technologies are evolving at a significantly faster pace than the ability of organizations to adapt. This problem is not unique to the railroad industry. We’ve encountered this in other industries that are further into their digital transformations, such as telecommunications service providers and smart cities around the world. The cascading technology trap is more difficult to overcome than other challenges such as regulatory, financing, and ecosystem partnerships. Organizations and ecosystems get caught off-guard in vicious cycles of tech

United statesFrank rayalResearch innovationConsulting group incInternational union of railwaysUniversity of waterloo bmathCascading technology trapFutureproof technology solutionsUniversity of toronto mascA proactive organizationCascading technology trap writtenSonia botArtificial intelligenceIndustrial internetDigital transformationTechnology solutions