Explore how emerging technologies are revolutionizing our world, and gain knowledge on how you can take advantage of technology trends to drive change within your organization.
Technology innovation creates new opportunities to create value for customers and generate profits, as well as shorten the time to develop and launch innovative products and services – giving organizations a distinct competitive edge in blue ocean markets.
Artificial Intelligence (AI)
AI allows machines to perform cognitive functions associated with human minds, including perceiving, learning, reasoning and interacting with our environment. AI applications range from sequencing RNA for vaccines to online language translation and now take center stage as technology innovations emerge.
AI may already be part of your daily life without even realizing it; voice assistants like Siri and Alexa rely heavily on AI technology, as do customer service chatbots to assist with website navigation. But that is just the start of it all.
Businesses are turning to AI technology in order to optimize their operational processes and enhance productivity and reduce costs. AI provides businesses with a powerful tool for automating repetitive tasks, monitoring network traffic and handling various mundane duties that consume human time – improving productivity while decreasing costs – leading to 80% of businesses saying AI will help gain them competitive advantage.
Robotics
Robotics is an emerging technology with far-reaching impacts across industries – from healthcare to manufacturing – making the seemingly impossible possible. These impressive mechanical marvels have changed our world in an unforeseen manner.
Manufacturing industries have long used robots to test and assemble products such as cars and industrial equipment, however recent advancements in robotics allow these robots to work more quickly and efficiently than ever.
Robotics in healthcare is helping physicians perform delicate surgeries with less risk of error; helping physical therapy patients regain mobility after injury with exoskeletons; and even reaching remote villages to deliver medications.
Satellite technology offers reliable connectivity that supports robotics development in harsh and remote environments, providing data, video, and voice communication between a robot and its controller – and making robots deployable anywhere worldwide without incurring expensive mobile network coverage costs.
3D Printing
3D printing is an innovative technology with enormous potential for user-centric design. Companies using this scalable platform can utilize it to craft personalized pieces like furniture and household tools that address real world problems through user centricity.
3D printers can help to reduce production costs by printing on demand, eliminating waste and shortening manufacturing cycles – a cost-efficient approach which is increasingly being adopted by industries like aerospace and medical.
Technology is increasingly mainstream and accessible, and startups are teaming up with established firms to push innovation further. Such partnerships combine the agile agility and fresh perspective of startups with robust resources and market reach provided by larger enterprises.
3D printers offer unique advantages when it comes to space exploration: They can produce on-demand rocket parts and habitats during missions, simplifying supply chain logistics. This makes the dream of human presence on Mars more realistic while cutting costs and timelines – and in future this technology may even enable quicker, cheaper transplant procedures for patients.
5G
5G stands for “fifth generation of wireless technology,” offering unprecedented connectivity. Boasting download speeds up to 10 gigabits per second and low latency (less than one millisecond), 5G promises to change industries worldwide.
5G will revolutionize multiple business applications from smart cities and industrial settings to telemedicine, the metaverse and gaming. Healthcare can especially benefit from 5G as remote doctors can stay connected via video chat or virtual reality without experiencing delay and lag similar to that experienced on current networks.
5G can enable industrial companies to digitally transform their physical operations, increasing safety, productivity and efficiency through various technologies. For instance, creating an assembly-line digital twin or employing crewless autonomous vehicles to improve worker safety can all lead to gains that create greater societal value over time.
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