What is Emerging Technology?

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In this article, we unpack the concept of emerging technology and keep it simple so that you can identify how it will affect your life today and in the future.

Let’s define the term “emerging technology”

Emerging technology refers to any new and developing technology that has the potential to significantly impact society. Some of the defining characteristics of emerging technologies include their rapid evolution and potential to disrupt established industries, business models and solve complex problems in innovative ways.

Emerging technologies are still in the early stages of development and have not been widely adopted or proven in the market. As emerging technologies become mainstream, they will have a significant impact in our lives, healthcare, transport, finance, and entertainment, among others.

According to Digital Skillup, emerging technologies are new and rapidly growing breakthrough technologies. They have been developed rather recently and they have the potential to fundamentally transform the way the economy and society function. The development and practicality of emerging technologies has not been fully realized.

Some of the emerging technologies include artificial intelligence (AI), the internet of things (IoT), robotics, augmented/virtual reality, 3D printing,  5G, blockchain, and big data, among others. These technologies are fast growing and disrupting multiple industries and businesses on a global scale.

Emerging technologies are changing the way we live and work. They are creating realities such as smart homes, smart farms, smart cities, and many other innovations. These technologies are creating innovations and solving global challenges as more nations adopt them. Emerging technologies have enabled the creation of new products and business models that we could not have imagined years ago.

Businesses, governments and individuals need to keep up with emerging technologies so as to take advantage of new opportunities.

We can help you overcome your technological challenges and gain a competitive advantage in your industry. Contact us today to learn more.

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