introduction
According to a recent global survey, nearly 70 per cent of executives believe that Emerging Technologies will determine whether their companies survive the next decade. Many executives are overwhelmed with the pace of technological change and are unsure of where to turn their focus. Emerging technologies are no longer being developed in isolation in laboratories, They are changing how we work, communicate and address many of the world’s problems.
Being able to understand new Technologies will be critical for all businesses as well as for individuals who wish to remain relevant and capable in the fast-evolving digital economy. New Technologies will influence how companies produce their goods and services and will be the driving force behind the Security, Sustainability and Competitiveness of all Industries.
This article will discuss Three of the Most Significant Emerging Technologies today for your Business: Artificial Intelligence (AI), Intelligent Automation, Next-Generation Connectivity and Computing, and Sustainable and Eco-Friendly Technologies. Collectively, these trends provide insight into the ways Technology is Redefining Today and Defining Tomorrow.
Artificial Intelligence and Intelligent Automation
The Growth of Intelligent Machines
Artificial Intelligence (AI) has developed from being a research and experimental activity to become an integral part of our everyday lives. Rather than relying on Human Thinking and Skill to address things like Language Translation, Medical Diagnoses or Customer Service issues, Intelligent Systems are now doing more of this work.
Connecting the Next Generation and Next Generation Computing
The technologies of the present and future are relying on modern infrastructure’s connection capability and compute capability. The most recent technological advances like 5G, Edge Computing, and Quantum Computing are revolutionizing what digital technology can accomplish.
5G Networks allow for fast and low-latency communication.
Edge Computing allows for processing data closer to its source than was previously possible.
Quantum Computing enables the solution of certain complex problems that are impossible to solve using traditional computers.
For example, with edge computing, Smart Cities can process real-time data regarding traffic patterns, allowing the city to react quickly to reduce congestion and lower the carbon footprint of the transportation network. By using 5G-connected devices to monitor the health of manufacturing equipment, we can identify failed equipment before it fails and prevents major interruptions to the supply chain.
How They Differ from Conventional Infrastructure
The previous generations of technology relied primarily on centralized data centres with relatively poor speed; they had delays in the computer systems and created security vulnerabilities and performance constraints. The emergence of newer versions of connectivity technology provides significant advantages compared to previous generations:
- Less latency with cloud-only systems
- Increased reliability for mission-critical applications
- Emerging capabilities for Internet of Things (IoT) ecosystems
Quantum Computing is an emerging computing technology and represents a significant paradigm shift, as it fundamentally differs from all current computers that store binary (0s and 1s) “bits.” The primary component of a Quantum Computer is the qubit, which allows Quantum Computers to operate at orders of magnitude faster than traditional computers when performing tasks like cryptography and drug discovery.
Green Technologies and Sustainability
Using Technology to Instead of Environmental Issues
Sustainability has moved from a “nice to have” to a “must-have” as government agencies, investors, and end-users are all pressing for businesses to minimize their carbon footprint in addition to being able to generate increased income. Newer generations of green technology continue to innovate and provide new opportunities in the field of sustainability.
The major categories for innovations include:
Electric energy alternatives, such as advanced solar and wind power; battery alternatives for energy storage, such as technologically advanced lithium batteries; techniques for carbon capture, as well as climate assessment tools.
For instance, Smart Grid technology utilizes Artificial Intelligence (AI) and data analytics to match the demand and supply of electric energy, thus decreasing waste. Electric vehicles (EV) technology continues to progress and becoming more affordable and accessible to the general public.
How Green Technology is Different
Sustainable technologies are created to be socially and environmentally responsible for the long term as opposed to solely being focused on being the most energy-efficient solution as was emphasized within traditional or legacy industrial technologies.
Some of the other distinctions between sustainable technologies and older technologies:
Traditional fossil fuel emits carbon dioxide into the atmosphere; renewable energy sources significantly lower the emission of carbon dioxide through: linear models tend to waste the greatest amount of resources; circular models have created reuse opportunities.
There are greater levels of efficiency within all production processes; traditional methods use digital resources, whereas sustainable technologies optimize on digital resource use for effective and optimal performance.
The last point to note is the economic benefit of using green technology systems. Most companies that adopt a sustainable operating system generally realize lower electricity bills, an enhanced reputation as a green company, and increased levels of compliance with regulatory requirements.
calculation
Technology is shaping the way we do business and the interaction of an entire society. Artificial Intelligence and Intelligent Automation are changing how organizations work by redefining productivity and decision making. Exponential connectivity and advanced Computing result in very rapid and resilient Digital Ecosystems. Finally, Sustainable & Green technologies link technology innovation to environmental stewardship.
The intersection of these three new technology trends reinforces a singular notion of technology leadership. To establish, maintain, and lead through an uncertain environment, organisations must possess the awareness of technology, adapt to technology (or be able to quickly adapt), and invest proactively in technology. Organisations that successfully adopt and leverage these technologies will be well positioned to innovate, compete, and grow in an unpredictable economy.
The call to action
we encourage you to take action now. If you are a business leader, professional or a lifelong learner, you must become involved with emerging technologies. Learn about how these technologies will impact your industry; invest in developing the skills necessary to leverage these new innovations; and develop your mindset as one that continually learns. You can begin to prepare for the future, a future that is being created now by those organisations and individuals who understand the technology that enables it.