The Innovating Technology That Will Reinvent The World
Once upon a time, there was a business leader who could leave the innovating technology to the technicians. Today, however, we are at the starting point of a universal technological revolution that fundamentally alters the four realms of our world: commerce, health care, learning, and the environment.
Given the dominant and different nature of this revolution, business leaders must understand the technologies driving this revolution, the capabilities they offer, and their potential impact.
1.Ubiquitous Computing: Proactive, Embedded, And Networked Processors
Which?
Also known as pervasive computing, it delivers the information, media, context, and processing power wherever we are, through a vast network of microprocessors embedded in everyday objects.
So, instead of data being recorded and updated privately, it is embedded and continually reconciled on public networks. It is more complex, therefore, for them to be corrupted. The implications for workflow, commerce, and financial systems are many.Â
Because?
Ubiquitous computing is reshaping business logic, once determined by exclusive ownership and use, to privilege information and access. This allows the creation of products with a vital information component that customers can shape. It then provides for the continuous construction and deconstruction of products.
Where?
Ubiquitous computing produces new forms of exchange by generating information that companies can use to create value for products, services, and assets. Uber, for example, used ubiquitous computing to unlock value that resided in idle car capacity. By adding three passengers to a ride to the airport, the Uber driver better uses his vehicle’s power and earns more, while the customer pays less.
2. Mesh Networks: High-Bandwidth, Dynamic, Wireless, Smart-Connect
Which?
Mesh networks (known by the acronym WMN) are ad hoc wireless connection circuits in which only one device requires an internet connection. These intelligent networks can form and then form again at the user’s command. They are, therefore, created from the bottom up, and are also capable of repairing themselves, which provides robust and reliable communication anywhere, at low cost, and without fixed infrastructure.
Because?
As mesh networks change the definition of connectivity, they will lead to a review of investments in network infrastructure. They open a new broadband frontier and promote more efficient collaboration in processes involving coordination between machines, people, companies, and products.
Where?
In commerce, mesh networks transform business chain management. The RFID (Radio Frequency Identification) tag, which was once passive, is now an active device that allows remote tracking of products, people, and transport assets.
3. Biotechnology: Technology Creation & Improve Life Forms And Systems
Which?
In essence, biotechnology uses living systems and organisms to develop or create products. Advances in digital innovating technology, genetic engineering, informatics, cell technology, and chemical sciences are greatly expanding the frontiers of biotechnology.
Because?
Biotechnology has the potential to expand the boundaries of the current industry and create entirely new initiatives. But it’s easy to see this innovating technology too narrowly. A capital goods manufacturer may view biotechnology as a life science technology, but that would miss out on several applications in recycling, energy production, pollution control, hazardous waste, and other areas.
Where?
Biotechnology is the basis for a new form of authentication in commerce: bio-identification, also known as biometrics. Instead of access keys, passwords, credit cards, and codes, markers like retina, fingerprint, and voice are the new gateway to accessing information and commerce.
4. 3D Printing: Digitally Creation & Chemically Producing Objects
Which?
3D printing is a chemistry-based revolution that is being amplified by capabilities that are continually evolving. This innovating technology transforms a digital project into a final product. This is on-demand manufacturing.
Because?
3D printing will lead executives to rethink how their companies create and manufacture products and reshape the value chain and distribution systems.
Where?
Customers will become intimately involved in the design and production of goods. The value will change from the finished goods to their digital representations. As barriers to scale production fall, new entrepreneurial opportunities will be available to inventors and innovators, and today’s facilities and machinery will be unnecessary.
5. Machine Learning: Augmenting & Automating Data Analysis
Which?
Machine learning is about a broad spectrum of technologies and capabilities. Some scientists approach this domain purely from a perspective of computer programs that “learn.” A close approach includes computation-based pattern recognition, statistical modeling, and decision-making analysis.
Because?
The lifeblood of the modern enterprise is data and the ability to access, organize, interpret and distribute it. Today, however, information is more significant than ever, collected inside and outside the company, and is structured (an invoice, a receipt) and unstructured (a tweet, a video).
Where?
Big data and data analytics are rapidly eclipsing other sources of value across the business. Companies have used the data to compose profiles of shopping habits, prices, and different retail contexts to target products to consumers better. For example, credit card usage data is now used to anticipate shopper needs.
6. Nano Technology: Molecular Engineering & Super Materials
Nanotechnology, which encompasses molecular engineering, is a radical new science designing and producing tiny circuits and devices built at the molecular level of matter, typically measuring from 1 to 100 nanometers. (There are 10 million nanometers in 1 centimeter.)
Because?
Combining nanomaterials could usher in a new era of Moore’s Law, bringing us computers and other devices with processing power hitherto unattainable.
Where?
Nanotechnology already produces a huge wave of new product development and nanomaterials used in a range of products, embedding them with previously impossible capabilities. Golf balls can fly straighter by channeling club energy to correct shots and drifts.Â
7. Robotics: Precise, Agile, Intelligent Mechanical Systems
Which?
Bridging the disciplines of mechanical engineering, electrical engineering, and computer science, robotics constitutes the design and development of automated systems that can operate autonomously or semi-autonomously. Robotics is not a new innovating technology in itself, and if it were relegated to performing small sets of repetitive tasks, it would not deserve our attention.
Because?
Robotics has transcended its roots of cost reduction and automation. Now, it is being applied to reimagining processes across the enterprise to open new frontiers in business innovation.
Where?
In business, robots are assembling increasingly complex products and increasing human performance. For example, robotic platforms built by Robotics, ABB, and Rethink Robotics are lighter in weight and adaptable and capable of sensing when parts are fitted correctly.Â
In the environmental sphere, robotics enables the creation and installation of a complex solar, wind turbine, and wave energy systems. Advanced forms of recycling, environmental monitoring, and energy exploitation are also being enabled by robotics.
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