IT has a massive impact on the whole world; including the business world. Here as we talk about emerging technologies, we’ll see how these amazing developments have been realized by some firms while it is largely in the process of being realized on a huge scale. We’ll have a look at the Top 5 emerging technologies and how they have improved the dynamics of the business world. So, let’s get into it.
First, let’s ask ourselves:
What does the term emerging technology mean and why is it important?
Emerging technologies are the new technologies that are to be realized on a massive scale; thus, emerging to becoming more prominent. The importance lies within the factor of how IT has improved the living and functioning of us individuals; as well as organizations. Eventually allowing businesses to function more productively and cost-effectively. The advancements and applications of the emerging technologies overall improve the living of people in many ways as we’ll see ahead.
The top 5 emerging technologies
IoT stands for the ‘internet of things’. The internet of things is a system that allows data integration from different devices and users. The data availability and transfer over networks take place without a human to human interaction. Allowing gathering of data without a hustle; thanks to cloud computing. In short, things such as data are collected and sent over the internet.
IoT devices have allowed firms to work more efficiently and, in an error-free manner. As IoT devices save time and require minimum effort to undergo tasks, thus directly affecting the productivity of a firm positively. IoT software has made work easier as large-scale tasks take less time and are done in a better way.
Augmented reality provides an interactive experience to users in such a way that it is hard to differentiate the real and the virtual augmented world you view at once. It’s pretty much everywhere; like when you decide what sofa set would look classy in your hall; or which lens color would suit you or a lot more. Games, media, shopping, manufacturing, and nearly every field makes use of augmented reality; however, it is still emerging as it has a lot more to offer and spread awareness about.
CAD and many more sensory features are used while augmented reality comes into practice. Thus helping businesses make use of this technology for their marketing, sales, production, planning, and much more.
Artificial intelligence (AI) is an emerging technology that focuses on developing intelligent machines. Enabling machines to think and work like humans. Allowing machines to speak and recognize when spoken to; problem solve and learn as well as plan. The overall aim of AI is to create technology that can function intelligently. Thus, making our lives easier. Easier in a way that problems can be solved by machines as they break down the problems; and solve them in a more accurate-free from error manner.
The process of 3D printing takes place by creating a tree dimensional product using Computer-Aided Manufacturing(CAD). The additive process is used as multiple layers are produced through machines and are stacked up to form a single product. There are different methods used for starting the process such as CAD or 3d scanning plus a lot more.
Businesses ted to use 3D printing in their manufacturing departments to customize products or to even create spare parts. The extensive use of 3D printing is still lacking behind due to the massive start-up expense and time taken to produce things. However, as we look at how this has allowed firms to improve their performance through advanced manufacturing; 3D printing is surely one of the most important emerging technologies as we see so.
The robotics technology includes most of the essential processes to build, design, and create intelligent machines. The aim is to create robots to help us in our daily life; by assisting us through our work and nearly every other experience. The threat to humans is for real when it comes to replacing robots for humans. However, we must learn to adapt and improve our skills and abilities to not fear robots but to work along with them.
Robotics is being used in businesses to improve their efficiency and reduce costs. This emerging tech is not only a use in business but has started to play a massive role in health care and other fields. The overall influence of robots in on the rise; and it won’t be far till we all have more than 1 robot in our own house.
We somewhat see that technology tends to save costs, time, and improve competence; be it of any type (from the ones discussed above). What we must understand is that tech is surely emerging day by day; and advancing along with it is the only way we can walk with time and maybe even ahead. The importance of these emerging technologies cannot ever be emphasized enough; as the power and pros it has are all In front of us.
Learn more about IT and business here: Intro to Information Technology for Business| Appreciating IT in the Business world
If you would like to learn more about emerging technologies and further about its different types, Click here.