Examples of Technological Innovation with Potential Impact on Business

Innovation is vital for business growth. Developing a product innovation and technology strategy is essential for success. Technological innovations like AI, 5G internet, Blockchain, Edge computing, and the connected industrial workforce have made a significant impact in the business world. AI has automated work, processed natural language, and provided analytics. 5G internet provides faster connections and improved device capacity. Blockchain has enhanced electronic currencies, increased efficiency and trust, and solved problems. Edge computing provides better asset management, production monitoring, and traffic control. The connected industrial workforce improves workforce efficiency and competitiveness by enabling machines to do things humans cannot, like learning and pattern discovery.