Introduction of Emerging Tech PDF

Applications Development and Emerging Technologies Prepared By: Sir John Herald Gantuangco In your own opinion what is Emerging Technology? I will present pictures of technologies and tell me what is it and how these technologies help us. What is “Emerging Technology”?  Emerging technology...

Applications Development and Emerging Technologies Prepared By: Sir John Herald Gantuangco In your own opinion what is Emerging Technology? I will present pictures of technologies and tell me what is it and how these technologies help us. What is “Emerging Technology”?  Emerging technology is a term generally used to describe a new technology, but it may also refer to the continuing development of an existing technology; it can have slightly different meaning when used in different areas, such as media, business, science, or education. The term commonly refers to technologies that are currently developing, or that are expected to be available within the next five to ten years, and is usually reserved for technologies that are creating, or are expected to create, significant. Emerging Technology  A term generally used to describe a new technology  Also refer to the continuing development of existing technology  The term is reserved for technologies that are creating or are expected to create significant social or economic effect  Technological evolution is a theory of radical transformation of society through technological development 3 Key characteristics of emerging technologies for development are they: 1. lead to improvements in people's lives; 2. offer new ways of conducting business; and 3. support indigenous practices that support the environment. 5 Characteristics of Emerging Technologies 1. Radical novelty - emerging technology clearly shows a new function or implement a previously unseen basic principle for a new or existing mostly technological operation. 2. Fast growth - emerging technology exhibits a relatively high rate of growth and diffusion comparing to other similar technologies. 3. Coherence - emerging technology gains a certain catalytic ‘identity’ and recognition among researchers and practitioners. 4. Prominent impact - that emerging technology displays some tangible and distinct effect on a specific domain or in socioeconomic sphere. 5. Uncertainty and ambiguity - emerging technology future outcomes and uses are yet to be defined and established Examples of Emerging Technology  Emerging technologies have a wide range of applications, and they are being used in various industries. Some examples of emerging technologies and their applications are: 1.Artificial Intelligence is being used in healthcare, finance, and transportation to improve decision-making and automate processes. 2.IoT is being used in manufacturing, logistics, and agriculture to monitor and control processes and optimize resource usage. 3.Blockchain is being used in finance, supply chain management, and healthcare to provide secure and transparent transactions. 4.AR and VR are being used in education, entertainment, and healthcare to enhance the user experience and provide Industrial Revolution 1st Industrial Revolution 1st Industrial Revolution - refers to the period of significant economic, technological, and social change that took place in the late 18th to early 19th centuries. It marked the transition from agrarian and craft-based economies to industrial and machine-driven ones. 1st Industrial Revolution Key Features of Industrial Revolution 1.0: 1.Mechanization of Production:  The introduction of mechanized technologies revolutionized production processes.  Water and steam power were harnessed to operate machinery, replacing human and animal labor. 1st Industrial Revolution Key Features of Industrial Revolution 1.0: 2. Textile Industry:  The textile industry was a major catalyst for the Industrial Revolution 1.0.  Inventions like the spinning jenny, water frame, and power loom revolutionized textile manufacturing, leading to increased efficiency and output. 1st Industrial Revolution Key Features of Industrial Revolution 1.0: 3. Innovation in Transportation:  The development of steam engines powered locomotives and steamships, significantly improving transportation.  Railways and canals were constructed, facilitating the movement of goods and people over long distances. 1st Industrial Revolution Key Inventors and Innovations:  James Watt (1736–1819): Improved the steam engine, making it more efficient and practical for industrial use.  Richard Arkwright (1732–1792): Invented the water frame, a spinning machine that played a crucial role in the mechanization of the textile industry. 2nd Industrial Revolution  The Second Industrial Revolution, also known as the Technological Revolution, occurred between the mid-19th and early 20th centuries, building on the foundation laid by the First Industrial Revolution. This period saw significant advancements in technology, production processes, and the expansion of industries. 2nd Industrial Revolution Key Features:  Technological Advancements:  Electricity became a key driver, replacing steam power in many applications.  The development of the telegraph, telephone, and later the radio revolutionized communication.  Expansion of Railways:  The railway network expanded globally, connecting distant regions and facilitating the movement of goods and people. 2nd Industrial Revolution Key Inventors and Innovations  Thomas Edison (1847–1931):  Invented the practical incandescent light bulb and contributed significantly to the development of electrical power systems.  Nikola Tesla (1856–1943):  Made key contributions to alternating current (AC) electrical systems, which became the standard for power distribution. 3rd Industrial Revolution  The Third Industrial Revolution, spanning from the 1950s to the early 21st century, marked a significant shift from traditional industrial methods to digital technologies. This era saw the widespread adoption of electronics, telecommunications, and automation, transforming the way industries operated and society functioned. 3rd Industrial Revolution Key Features:  Introduction of Electronics:  Semiconductors, transistors, and integrated circuits became fundamental components, leading to the miniaturization of electronic devices.  Computers and Information Technology:  The development and proliferation of computers revolutionized data processing, storage, and communication. 3rd Industrial Revolution Key Invention and Inventors:  Transistors (1947):  Invention of the transistor by John Bardeen, Walter Brattain, and William Shockley enabled the development of electronic devices with reduced size and increased efficiency.  Integrated Circuits (1958):  Jack Kilby and Robert Noyce independently invented the integrated circuit, a crucial breakthrough in electronic technology. 4rth Industrial Revolution  The Fourth Industrial Revolution, often referred to as Industry 4.0, signifies a new era of technological innovation that merges the physical, digital, and biological spheres. It builds upon the advancements of previous industrial revolutions and focuses on the integration of digital technologies into industrial processes. 4rth Industrial Revolution Implications for Industry:  Smart Manufacturing: Factories are becoming smarter, with interconnected machines that communicate and collaborate seamlessly.  Digital Twins: Digital replicas of physical systems or products, known as digital twins, are used for simulation, monitoring, and analysis.  Flexible and Agile Production: The ability to quickly adapt production processes to changing demands through digital technologies. Innovation  Innovation means creative destruction or a process of industrial evolution (Schumpeter 1942)  Innovation can be achieved by:  new products or processes  manufacturing methods  markets and supply chains  And new organizational structures and more Innovation Types of Innovation 1. Product Innovation:  Definition: Introducing new or improved products to the market.  Example: Launching a new smartphone model with advanced features. 2. Process Innovation:  Definition: Implementing new or improved methods and processes within an organization to increase efficiency, reduce costs, or improve quality.  Example: Adopting new manufacturing techniques to streamline production Innovation Types of Innovation 3. Service Innovation:  Definition: Creating new or enhanced services to meet customer needs or improve the customer experience.  Example: Introducing a subscription-based model for a software service. 4. Business Model Innovation:  Definition: Reimagining the way a business operates, generates revenue, or delivers value to customers.  Example: Transitioning from a traditional retail model to an e-commerce platform. Innovation Types of Innovation 5. Radical or Disruptive Innovation:  Definition: Introducing groundbreaking and transformative changes that can disrupt existing markets or industries.  Example: The advent of smartphones disrupting the traditional mobile phone market. 6. Open Innovation:  Definition: Collaborating with external partners, such as customers, suppliers, or other organizations, to generate new ideas or solutions.  Example: Crowdsourcing ideas from customers for product improvements. Innovation Types of Innovation 7. Social Innovation:  Definition: Addressing social issues or challenges through innovative solutions that create positive societal impact.  Example: Developing a mobile app to connect volunteers with local community needs. 8. Technological Innovation:  Definition: Introducing new technologies or leveraging existing ones in novel ways.  Example: The integration of artificial intelligence in customer service processes. Innovation Types of Innovation 9. Sustainable Innovation:  Definition: Creating solutions that have a positive impact on the environment or contribute to sustainable development.  Example: Designing eco-friendly packaging for products. 10. User-Centric or Design Innovation:  Definition: Focusing on improving the user experience and incorporating user feedback into the design process.  Example: Redesigning a website based on user feedback and usability studies. Innovation Types of Innovation 11. Marketing Innovation:  Definition: Implementing new marketing strategies or approaches to promote products or services.  Example: Launching a creative and interactive social media campaign. 12. Cultural Innovation:  Definition: Introducing new ideas, practices, or expressions that impact and shape cultural norms.  Example: The introduction of a new genre of music or a revolutionary art movement. Innovation Types of Innovation 13. Policy or Institutional Innovation:  Definition: Introducing new policies or changes in institutional structures to address societal challenges.  Example: Implementing new regulations to encourage sustainable practices in industries. Thank You! Activity 1.1 What is the future of Technology? (minimum of 5 sentences)