‘Two heads are better than one’, and so working in silos would not work in yielding better outcomes. The birth of the collaboration market was based on this and as a result, the global enterprise collaboration market today is expected to touch USD 59.86 billion by 2023 from USD 34.57 billion in 2018.
In the recent past, we have seen how collaboration has turned out to be the king with most of the businesses adopting at least six collaboration tools in their set-ups and enhancing productivity by about 40%. The collaboration market further got fillip with the mushrooming of virtual classrooms, tele-health projects, among others.
With the advent of artificial intelligence, machine learning, virtual reality, augmented reality, we are again at a cusp of a transformation in the collaboration market, where we will see the synchronisation of these latest technologies in our future workplace.
These technologies are transforming the way we live, work and play. In the collaboration atmosphere, how these latest technologies will integrate is a million-dollar question.
Talking about future workplace, artificial intelligence, virtual reality, augmented reality would play a key role. These technologies would enhance the conversational interfaces, leading to better outcomes for the teams.
According to a Gartner report, AI will be top five investment priority for more than 30 per cent of CIOs, the global machine learning market would rise by over 44 per cent by 2022.
The Economic Times-Logitech Webinar on ‘Sneak Peek into Future Workspace’ would give you a look and feel of the future workplace with the advent of latest technologies.
Video Conferencing Market
The worldwide video conferencing market is likely to touch USD 2.63 billion by 2022, growing at a CAGR of 19.6%, thanks to the rise of digital workplace.
Millennials as well as generation Z are increasingly resorting to video collaboration platform as it helps in curtailing cost and improving communication. The webinar would also talk about how the video conferencing market would change with the advent of AI, ML, AR, etc.
Key Takeaways
