The Machine Economy Is Here – The Digital Transformation Era Is Over

  • “It’s now clear that decision-making AI and machines will be the primary driver of economic growth over the next decade in what’s being referred to as the ‘Machine Economy.’
  • Not only will the Machine Economy depend on data to operate, but all these smart applications, machines, and connected devices will continue generating exponentially increasing amounts of data. The last decade was a fierce data arms race, and that will be even more true in the Machine Economy as data continues to rapidly increase in both volume and value.
  • According to McKinsey Global Institute, data-empowered organizations were not only 23 times more likely to acquire customers, they were also 6.5 times more likely to retain customers, and 18.8 times more likely to be profitable.”

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