Samil PwC "AI and IoT, Future Technologies with High Corporate Utilization and Scalability"

Sam-il PwC stated on the 3rd, “Artificial Intelligence (AI) and the Internet of Things (IoT) are digital technologies with high corporate utilization and represent future technologies that will continue to expand.” They advised, “Companies aiming to secure return on investment (ROI) through generative AI must quickly implement these technologies across the value chain and undergo trial and error.”

8 Key Digital Technologies Leading the Future [Provided by Samil PwC]

On this day, Sam-il PwC published a report titled “The 8 Core Digital Technologies of the Future Presented by PwC: Focusing on AI,” which includes digital technologies and implementation strategies. The report summarizes content to help executives review new digital technology trends and prospects at a glance and establish investment directions and business strategies. In particular, to help corporate stakeholders identify priorities for digital technologies, the report categorizes the eight core technologies into three types based on technology maturity and business applicability.

According to the report, AI reached a “tipping point” last year, meaning a small trigger can cause significant change, and it has already been introduced in various corporate areas to improve productivity and efficiency. It is expected to innovate business models and work methods through rapid expansion.

The report states, “Generative AI can automate repetitive tasks, enhancing work efficiency, and can be effectively used for data analysis and insight generation for business innovation, so it should be introduced timely according to the corporate work environment and situation.” It advises, “To this end, corporate leaders need to increase understanding of generative AI, build an environment where members actively utilize the technology, and develop strategies to secure AI specialists.”

Additionally, the report notes, “The earlier the technology stage, the more business leaders need to establish an ‘initial AI strategy’ and prepare accordingly,” and it presents six “initial generative AI strategies” that companies should consider.

6 Major Strategies for Early Adoption of Generative AI [Provided by Samil PwC]

Meanwhile, IoT, which attaches sensors to objects to exchange data in real time over the internet, contributes to improving transparency and efficiency in supply chains by predicting equipment maintenance and monitoring production facilities in real time. Especially, applying IoT devices to carbon emission facilities enables accurate and complete data acquisition for ESG (Environmental, Social, and Governance) disclosures, which is expected to increase its utilization in the future. However, the report advises that when companies adopt the latest technologies including AI and IoT, they must establish governance of data management and an ethical foundation in advance.

Jae-guk Jeong, Technology Industry Leader at Sam-il PwC, said, “Amid the flood of information on rapidly advancing cutting-edge technologies, we published this report to help companies identify necessary technologies, prioritize them, and establish investment directions and business strategies.” He added, “We hope companies and organizations in Korea carefully consider how applicable the eight core digital technologies are and adopt them timely to continue innovation.”

This content was produced with the assistance of AI translation services.