Japan, the country known as “the land of the rising sun”, is home to a deeply rooted culture of respect, spectacularly fresh cuisine, and some of the politest people in the world; but it is also the birthplace of the Toyota’s renowned manufacturing system. Toyota’s manufacturing system, Lean manufacturing (or simply “Lean”), is a systematic method to minimize waste without sacrificing productivity and quality. In practice, this means reducing anything and everything that is not adding value to the final product.
In 2018, the digital revolution will continue racing ahead, and companies will have no choice but to adapt. Retailers have already begun using artificial intelligence (AI) to improve the customer experience. Financial services firms have embraced robo-advisers, payment processor Square just announced that it will allow almost all customers to purchase Bitcoin and Amazon’s Alexa is helping to usher in a new era of voice-activated shopping.
But that’s just the tip of the iceberg. Here are five additional predictions for the year ahead in tech.