article thumbnail

Is there an actual Recession in the IT industry in 2023?

Vilmate

The euro sharply declined against the dollar, reaching a parity last seen almost 20 years ago in September 2002. Afterward, the bubble started to deflate, and by early 2002, the NASDAQ Composite index plummeted to 1131.94 Blockchain technology: Blockchain will find applications in new sectors such as finance, healthcare, and logistics.

Jobbing 52
article thumbnail

What is a Digital Twin and when you might need one?

Vilmate

We’ll discover how technology assists in product development, prevent equipment breakdowns, enhance city infrastructure management, and even advance healthcare. However, the practical application of digital twins didn’t occur until 2002. The central concept of the digital twin technology So, let’s begin with the basics.