We witness emerging technologies every day, such as AI, augmented reality (AR), virtual reality (VR), big data, advanced analytics, blockchain, and other technologies like additive manufacturing or 3D printing, connectivity technologies like 5G and LoRaWAN, nanotechnology, wearables, and biometrics. In this article, we will explore how we can leverage these technologies for our benefit.
Emerging Tech in Heavy Industries:
3D printing, cloud computing, and AI have a significant impact on strengthening the supply chain and improving manufacturing workflows. Asset maintenance, quality control, and remote asset monitoring are prominent use cases in this segment.
Emerging Tech in Process Industries:
These industries emphasize AI, ML, IoT, and nanotechnology to increase operational efficiency, sustainability, and precision. AI & ML play pivotal roles in areas like drug discovery and quality control, while nanotech delivers high-performance materials for this sector.
Emerging Tech in Light Industries:
Technologies such as AI, IoT, and 3D Printing are transforming consumer experiences and manufacturing processes. Trend forecasting, connected clothing and smart homes, rapid prototyping, and immersive experiences are major use cases in this sector.
Emerging Tech in Service Industries:
This sector leverages technology to personalize customer experiences and enhance customer satisfaction. Primary applications include hyper-personalization, real-time monitoring, transparent transactions, and more.
Challenges and Ethical Considerations:
Compatibility issues with legacy systems and costly upgrades are major challenges. Safeguarding data privacy and ensuring bias-free technologies are also important considerations.