Convergence of these technologies will create new revenue models, as well as next-gen products and services
Mumbai, India, March 30th, 2016: –The list of emerging technologies across industries is increasing at an exponential rate; however, not every technology is going to disrupt existing business landscapes or transform industries. The challenge is to cut through the “hype” and identify the truly disruptive technologies from the merely incremental ones. Frost & Sullivan’s latest research titled ‘Top 50 Emerging Technologies: Growth Opportunities of Strategic Imperative’ highlights the 50 most promising technologies that will transform business, economic, and social landscapes, and spawn new business models, products, and services in the near future.
“Innovation is a critical strategic imperative of most organizations. The key to innovation is in knowing what your customers will need in the future. These 50 technologies are like beacons, which will guide the next strategic moves of innovation executives and R&D professionals,” says Rajiv Kumar, Senior Partner and Global Head, TechVision Group, Frost & Sullivan.
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Selecting 50 hottest technologies from over 600 possible ones required a very methodical and critical analysis. Frost & Sullivan’s global team of technology analysts and experts spent thousands of hours poring over a tremendous number of data points to choose the Top 50 technologies. TechVision Group’s proprietary selection methodology involves rating technologies on a number of carefully selected criteria, like regional and industry adoption rates, global IP activity, private and public funding, global market potential, and others to create an innovation index. The 50 highest rated technologies will have the greatest global impact over the next two to three years and have the potential to collectively generate trillions of dollars over the next five years. The chosen technologies are spread across nine technology clusters that represent the bulk of R&D and innovation activity today.
“This group of Top 50 embodies the hottest technologies that will impact our lives in the near future by stimulating several industries, global trends, and economies. While each technology represents an area of latest R&D, heightened investments, increased IP activity, and tremendous market potential, the convergence of several of these technologies will give birth to several new revenue models and next generation of innovative products and solutions,” observed Kumar.
The ‘Top 50 Emerging Technologies: Growth Opportunities of Strategic Imperative’ research will help business leaders, R&D professionals, innovators, investors, technology academicians, government leaders, and policy makers in focusing on game-changing technologies that are attracting huge investments, powering cutting-edge developments, and driving the creation of new products and services through convergence.
The TechVision Group is the global emerging technology, innovation, and convergence focused practice of Frost & Sullivan. The Emerging Technologies research is a premier service of the TechVision Group, which offers a suite of strategic services ranging from a continuous flow of forward-looking intelligence on emerging technologies and new age innovations, interactivity with technology and industry experts, bespoke strategy consulting on technology roadmaps and IP landscapes, and executive workshops for innovation and R&D leadership teams. TechVision Emerging Technologies program empowers its users with ideas and strategies to leverage disruptive technologies and innovations to drive transformational growth of their organization.