Innovative Solutions/ Technologies

Overview

With commercial sector industries leading to up the spending from 50% to 68.8% in 2023; Goldman Sachs’ AR/VR forecast was estimated to be $18.8 billion in 2020 and IDC reports that the AR/VR industry will be worth $95 billion by 2025.

This has sparked the investors and startups for a race to get ahead in the tech game. Since content is being consumes across more mediums today than ever before. As brands begin to turn to emerging technologies, these experiences will start to take hold in our daily lives will impact a great deal in the commercial sense.

IDM offers solutions on immersive technologies like AI, AR, VR which are set to become mainstream within the next 05 years. IDM can help businesses especially SMEs to get in the race and get ahead of competition with the power of next generation of tech, tools and resources. With AI to fuel the AR/VR revolution, and cloud based performance and scalability, IDM will build your solution driving innovation you can count on in the long run.

Blockchain Development

Block Chain technology revolution is taking the business world by a storm. Blockchain is a shared, immutable ledger for recording transactions, tracking assets and building trust. It brings operational agility and speed, reducing costs & risks and opens up new monetization opportunities.

Its application in Government, Healthcare, Banking and FinTech, retail & consumer goods, supply chain management, real estate and many other fields speaks volumes of its importance and growth potential.

IDM’s Blockchain consulting services will ensure forging a system which is not only enterprise grade but works in a framework build to deliver accelerated performance across the value chain.

Machine Learning

Machine learning is an emerging technology acting as a component of artificial intelligence. It’s about machines acquiring the ability to perform just like humans through data and algorithms and gradually achieving improved accuracy over time.
It’s about getting the machines to build on the foundation of human insights and relative patterns on their own without human involvement in fields like Banking, voice assistance, buying suggestions in e-commerce platforms and personalized Ads.

IDM believes that SMEs can have an edge if they implement machine learning into their businesses early into their business KPI modules. Gradually build over cycles and see the results to have valuable insights impacting business decisions.

Leading Benefits of the Metaverse

Metaverse Research & Development

Metaverse is the future iteration of the internet.

The networks between the financial, virtual, and physical worlds have become progressively linked. The 3D spaces in the Metaverse will host workplaces, meet-ups, games and socialization. This means the Metaverse Eco system requires tech standards like Web 3.0 and supporting assets like NFTs, Blockchain games, crypto payment frameworks and much more.

When we see the future outlook, tech titans are trying to lead the way. Nevertheless, the decentralized facets of the Blockchain industry is allowing freedom to SMEs participating in the Metaverse development.

IDM understands that project ventures supporting incorporation of the emerging tech standards are now relatively accessible and being made available as part of a developing Metaverse. Artificial Intelligence, Machine learning and Virtual Reality have already been under the umbrella of IDM’s vision.

The Metaverse isn’t fully in existence, but some applications of Metaverse-like elements today are:

 The full blown Metaverse experience may be far away at the moment but in the meantime IDM is already into Metaverse Building Material Tech like AI, Machine learning, VR that will surely be a part of the Metaverse. This makes IDM a strong case for SMEs who are looking to venture into Metaverse; the virtual reality version of today’s internet.

Speech Recognition

Speech recognition has over the decades made sound progress and as the number suggest, the global Voice and Speech Recognition Technology Market has been estimated to reach USD 20.9 Billion by the Year 2026.

Growth in the global market is being driven by the expanding applications of voice and speech recognition technologies, with customer care, healthcare, and financial institutions emerging as major end-use markets for the technology.

IDM believes this imminent growth is driven by an increasing number of end-users for the technology. With a growing number of voice based applications in virtual digital assistance, e-commerce, customer care, clinical documentation in health care focusing on text-to-speech (TTS), Automatic speech recognition (ASR), and speaker verification (SV) the growing adoption of cloud-based services which are a few directions driving growth in the speech technology marketplace.

Speech recognition is branching out into innovative applications like:

  • Speech-based biometric systems supporting multifactor authentication
  • Combating fraud in banking institutions
  • Secure verification process for e-commerce retailers
  • Voice recognition/authentication for security

Facial Detection

Face detection helps in counting and analyzing flows of people and vehicles to optimize congestion issues or address safety and security issues. It also could be used to have an estimate of the crowd size at a major event. Face detection mainly helps in identity verification which is an important part of SMEs’ customer checks helping these entities save time and provide a better customer experience. Identity Verification of any registered user is vital and may require lengthy process. This is where face detection can help reduce identity verification time dramatically.

The modern times have seen not only a boost of tech development but have also opened up question for SMEs regarding cost of time and resources, security loopholes, policy, compliance and legal issues arising out of the use of new technology.

Moreover, whether it is a governmental requirement or a service based enhancement for customers, facial recognition technology is the one for the future.

What are the benefits for SMEs?

At the outset, it takes out the risk of business operations and human error by relying on consistent accurate software. The identity data is securely stored in the Cloud, which is secure and environmentally-friendly and can be given controlled access.

Businesses like accounting firms, legal firms, recruiters, construction contractors, vehicle rental firms, and crypto currency providers can be beneficiaries in the facial recognition future.

IDM can help SMEs comply with government legislation on identity verification and the policy refinements by offering compliant, tailor made identity verification software in the UK. This way SMEs can reap benefits considering its use in their businesses; saving time, resources, enhanced safety & security and improved compliance.

Machine learning is an emerging technology acting as a component of artificial intelligence. It’s about machines acquiring the ability to perform just like humans through data and algorithms and gradually achieving improved accuracy over time.
It’s about getting the machines to build on the foundation of human insights and relative patterns on their own without human involvement in fields like Banking, voice assistance, buying suggestions in e-commerce platforms and personalized Ads.

IDM believes that SMEs can have an edge if they implement machine learning into their businesses early into their business KPI modules. Gradually build over cycles and see the results to have valuable insights impacting business decisions.

Applications in operation are content streaming services like Netflix, Banking processes, voice assistance, buying suggestions in e-commerce platforms and personalized Ads just to name a few.

Machine learning is a great prospect for SMEs in the following fields:

  • Internet of Things (IoTs)
  • Email Marketing
  • Artificial Intelligence/ Machine Learning Driving Sales
  • Sentiment Analysis
  • Social Media Analysis
  • Progress Tracking
  • Supply Chain Management
  • Robotics
  • Researches
  • Automotive industry
  • Fraud Detection
  • Cyber Security
  • Image Recoginition
  • Smart Assistants
  • News Classification
  • Video Surveillance