Overview of Emerging Technologies

Questions and Answers

What characterizes the emergence of new technologies?

Limited applications and benefits

Narrow scope of impact

Uncertainty and ambiguity in outcomes (correct)

High degree of certainty and predictability

Which sectors are mentioned as being transformed by artificial intelligence?

Sports, transportation, and finance

Government, education, and tourism

Healthcare, businesses, and academia (correct)

Manufacturing, retail, and agriculture

What is a key outcome of emerging technologies on the socio-economic domain?

Elimination of traditional roles in industries

Reduction in knowledge production

Transformation of actors and institutions (correct)

Consistency in industry practices

What does ambiguity in emerging technologies imply?

Various interpretations by social groups Signup and view all the answers

Why do emerging technologies have a potential extensive impact?

They can alter deep-rooted industry practices Signup and view all the answers

What element is necessary for the study of technological emergence?

Understanding the role of expectations Signup and view all the answers

What is implied by the phrase 'prominent impact lies somewhere in the future'?

The full potential of emerging technologies is not yet realized Signup and view all the answers

How are applications and uses of emerging technologies described?

They are malleable and subject to change Signup and view all the answers

What is the definition of emerging technologies according to Businessdictionary.com?

Technologies currently developing that will significantly change the business and social environment. Signup and view all the answers

Which of the following best describes radical novelty in emerging technologies?

Technologies that fulfill a function using a completely different principle. Signup and view all the answers

What characteristic is associated with relatively fast growth in emerging technologies?

Growth occurs across various dimensions like involvement and funding. Signup and view all the answers

Coherence in emerging technologies refers to:

The unity and logical interconnection of research streams and technologies. Signup and view all the answers

How is artificial intelligence categorized in terms of emerging technologies?

It is still considered emerging due to ongoing advancements. Signup and view all the answers

Which of the following is NOT a characteristic of emerging technologies?

Gradual decline in relevance. Signup and view all the answers

What is meant by 'internal characteristics' in relation to coherence in emerging technologies?

They indicate how technology has a united and logical foundation. Signup and view all the answers

Which of the following is an example of how emerging technologies are applied?

Repurposing existing technologies for new uses. Signup and view all the answers

Study Notes

Definition of Emerging Technologies

Emerging technologies are new or developing technologies that may significantly change business and social environments within the next five to ten years.
Different interpretations exist; some view emerging technologies as innovations of existing technologies creatively applied for modern uses.

Characteristics of Emerging Technologies

Radical Novelty
- Emerging technologies can represent significant advances or new applications of existing technologies.
- Example: Artificial intelligence, first developed in the 1950s, remains classified as an emerging technology due to ongoing advancements and diverse applications.
Relatively Fast Growth
- Emerging technologies experience rapid growth in various areas, including user adoption, funding, and knowledge output.
- The user base of artificial intelligence, encompassing companies and educational institutions, is expanding quickly.
Coherence
- Coherence refers to the integration of previously separate research areas and technologies that have gained momentum and identity.
- Example: The convergence of cloud computing, artificial intelligence, data analytics, and robotics illustrates this characteristic, facilitating innovative applications.
Prominent Impact
- These technologies can transform industries and have significant economic effects by altering stakeholder dynamics and knowledge production processes.
- Artificial intelligence profoundly impacts multiple sectors, including business, healthcare, and academia.
Uncertainty and Ambiguity
- Emerging technologies are often characterized by uncertainty regarding their future impact and potential applications.
- Ambiguity arises from the malleability of these technologies, leading to unpredictable outcomes and differing interpretations by various social groups.

Conclusion on Emerging Technologies

Emerging technologies are defined by their novelty, growth potential, coherence, significant socio-economic impacts, and inherent uncertainties.
Their transformative potential builds upon changes in actor interactions and institutional dynamics, although the most substantial impacts remain uncertain as they are yet to fully materialize.

Areas of Potential Transformation

Technologies such as Augmented Reality (AR) have the capacity to disrupt traditional industries and practices in the foreseeable future.

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Description

This quiz explores the concept of emerging technologies within the information technology domain. It delves into the definitions, implications, and potential impacts these technologies may have on business and society in the coming years. Test your knowledge on the various interpretations of what constitutes an emerging technology.