The industry invented of companies that are engaged in the development of intangible products and services is referred to as Services Market. Service industry players are majorly involved in retail businesses, transport, distribution, as well as in food services and other service-dominated companies.
The economies of highly developed nations are naming its greatness to their service industry, as the economic systems of many economies are becoming more professional and sophisticated. Today, the service market is subduing extensive modifications in itself, also resulting in the number of advanced services to be provided by companies. Some examples of such precocious services are Service robots, Smart Homes, Inventory Management, which is AI-based, AR & VR, Augmented and Virtual Reality, Autonomous Vehicles, and many more.
The importance of data analytics is also significantly identified by companies in upgrading performance and productivity, personalizing the customer experience, increasing ROI, identifying device malfunctions. Latest press releases covered under this Service Industry category.