The Emerging Technology

As we know that emerging technologies such as AR, VR, XR, AI & Big Data are helping the innovation.

for that 5G will go to play a crucial role in these technologies.

They do it mainly in the following ways:

• As founder of new markets
• As a vehicle for innovation

Let’s go through these three ways one by one:

Technology - As the founder of New markets:-

as we know that how digital technology has disrupted the existing markets in many ways. same the new technologies will impact on our life. it is up to us how we use that technology ion the benefit of humanity. we know that innovation always comes with a price and it impacts life in both ways. for example - streaming has disrupted the music industry, OTT has disrupted the movie industry, e-commerce has disrupted the local markets and hypermarket.

but it doesn't mean we should not promote innovation as we know that innovation is the key to progress and success and it helps to improve our life.

lets' talk about two new technology - 5G & Artificial intelligence. 5G will emerge as a new possibility like lightning-fast speeds, ultra-low latency, network slicing which enable many new use cases: from remote controlling vehicles in a mine to small sensors that have 10 years of battery life.

These technology features will transform the current logic in many businesses and create new markets for those who see the possibilities.

when new technology becomes available organizations can change areas within their business, such as value chains and operations, but also whole business models and the entire market itself.

Artificial intelligence (AI) is another hot technology area that will open new markets and market niches in many industries.

The most common area where AI can be useful is the automation of business processes, for example, digital and physical tasks.

Technology as a vehicle for innovation

As we’ve previously discussed, innovation and technology are tightly interlaced.

today it is possible for anyone whether it is small or big enterprises to experiment with the ideas and concepts in completely new ways

For example, it’s now possible to test products and services online at a very low cost, as well as test out updates, alterations, and tweaks.

Prototyping has become available to all through easy-to-use software and 3D printing.

for that AI can simulate various market scenarios based on available real-life data.

Virtual reality makes it possible to create completely new types of blueprints that actually make products and services come alive for real, and thus make them possible to evaluate before building or manufacturing them.

Digital technology and the new technologies that it enables (like AR, VR, and AI) cut the traditional industrial age innovation process short.

What used to take years of planning, testing, and executing can now be accomplished in months and sometimes even weeks.

Another way emerging technologies – AI in particular – can speed up innovation, is by removing obstacles of uncertainty or lack of information.

Continuously identifying and ruling out hypotheses at a quick pace will no doubt make the innovation process more focused and effective in generating strong solutions.

AI, being far superior to humans in analyzing big amounts of data in an instant, cuts innovation processes significantly. Data is the protein of AI systems: if there is a sufficient amount of data, AI will be able to increase the speed of innovation.