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EET 1 Intro Industry revolution.pptx
- 1. EMERGING EXPONENTIAL TECHNOLOGIES Introductionto Emerging Technologies
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- 3. Technology The word “technology”refers to a “collection of techniques, skills, methods, and processes used in the production of goods or services.”
- 4. WHAT IS ANEMERGING TECHNOLOGY
- 5. • Emerging technologiesare often perceived as capable of changing the status quo. • Emerging technologies cover a wide range of technologies. Many are still at the research stage and therefore off the radar of policy- makers, but will in time have transformative effects ranging from the emergence of new industries, by disruption of current value chains, to major societal changes in the fields of healthcare , communications, Education, Transportation, etc.
- 6. WHAT IS DISRUPTIONOR DISRUPTIVE TECHNOLOGY
- 7. In business theory,a Disruptive Technology or Disruptive Innovation is an innovation that creates a new market and value network and eventually displaces established market-leading firms, products, and alliances. Harvard Business School professor Clayton M. Christensen coined the term disruptive technology. In his 1997 best-selling book, "The Innovator's Dilemma," Christensen separates new technology into two categories: sustaining and disruptive. Sustaining technology relies on incremental improvements to an already established technology. Disruptive technology lacks refinement, often has performance problems because it is new, appeals to a limited audience and may not yet have a proven practical application.
- 8. HERE A FEWEXAMPLES OF DISRUPTIVE TECHNOLOGIES • The personal computer (PC) displaced the typewriter and forever changed the way we work and communicate. • The Windows operating system's combination of affordability and a user-friendly interface was instrumental in the rapid development of the personal computing industry in the 1990s. Personal computing disrupted the television industry, as well as a great number of other activities. • Email transformed the way we communicating, largely displacing letter-writing and disrupting the postal and greeting card industries. • cell phones made it possible for people to call us anywhere and disrupted the telecom industry. • The laptop computer and mobile computing made a mobile workforce possible and made it possible for people to connect to corporate networks and collaborate from anywhere. In many organizations, laptops replaced desktops. • Smartphones largely replaced cell phones and PDAs and, because of the available apps, also disrupted: pocket cameras, MP3 players, calculators and GPS devices, among many other possibilities. For some mobile users, smartphones often replace laptops. Others prefer a tablet. • Cloud computing has been a hugely disruptive technology in the business world, displacing many resources that would conventionally have been located in-house or provided as a traditionally hosted service. • Social networking has had a major impact on the way we communicate and -- especially for personal use -- has disrupted telephone, email, instant messaging and event planning.
- 9. LIST OF SOMECURRENTLY AVAILABLE EMERGED TECHNOLOGIES • Artificial Intelligence • Blockchain • Augmented Reality and Virtual Reality • Cloud Computing • Internet of Things (IoT) • Big Data • Robotic Processor Automation (RPA)
- 10. ARE WE INTHE MIDST OF AN INDUSTRIAL REVOLUTION ? WHAT IS AN INDUSTRIAL REVOLUTION ?
- 11. A RAPID MAJORCHANGE IN AN ECONOMY MARKED BY THE GENERAL INTRODUCTION OF TECHNOLOGY OR BY AN IMPORTANT CHANGE IN THE PREVAILING TYPES AND METHODS OF USE OF SUCH MACHINES.
- 12. DRIVING FACTORS FORINDUSTRIAL REVOLUTION? SOCIAL FINANCIAL ENVIRONMENTAL POLITICAL The industrial revolution changed the dynamics of our society through rapid urbanization and rise of cities, working women, rise of the middle class, and creation of job opportunities. The Internet revolution predominately brought with it changes that were not only technological but societal and pervasive in scope. The Internet today is a widespread information infrastructure, which is often called the Information Superhighway. It is regarded by many as the greatest technological disruption of all time.
- 14. HISTORY OF INDUSTRIALREVOLUTION FIRST IR THE INDUSTRIAL REVOLUTION (IR) IS DESCRIBED AS A TRANSITION TO NEW MANUFACTURING PROCESSES. IR WAS FIRST COINED IN THE 1760S, DURING THE TIME WHERE THIS REVOLUTION BEGAN SECOND IR ALSO KNOWN AS THE TECHNOLOGICAL REVOLUTION, BEGAN SOMEWHERE IN THE 1870S. THE ADVANCEMENTS IN IR 2.0 INCLUDED THE DEVELOPMENT OF METHODS FOR MANUFACTURING INTERCHANGEABLE PARTS THIRD IR INTRODUCED THE TRANSITION FROM MECHANICAL AND ANALOGUE ELECTRONIC TECHNOLOGY TO DIGITAL ELECTRONICS WHICH BEGAN FROM THE LATE 1950S. FOURTH IR NOW, WITH ADVANCEMENTS IN VARIOUS TECHNOLOGIES SUCH AS ROBOTICS, INTERNET OF THINGS AND AUTONOMOUS VEHICLES, THE TERM “FOURTH INDUSTRIAL REVOLUTION” OR IR 4.0 WAS COINED BY KLAUS SCHWAB, THE FOUNDER AND EXECUTIVE CHAIRMAN OF WORLD ECONOMIC FORUM, IN THE YEAR 2016.
- 16. HISTORY OF INDUSTRIALREVOLUTION FIRST IR THE INDUSTRIAL REVOLUTION (IR) IS DESCRIBED AS A TRANSITION TO NEW MANUFACTURING PROCESSES. IR WAS FIRST COINED IN THE 1760S, DURING THE TIME WHERE THIS REVOLUTION BEGAN SECOND IR ALSO KNOWN AS THE TECHNOLOGICAL REVOLUTION, BEGAN SOMEWHERE IN THE 1870S. THE ADVANCEMENTS IN IR 2.0 INCLUDED THE DEVELOPMENT OF METHODS FOR MANUFACTURING INTERCHANGEABLE PARTS THIRD IR INTRODUCED THE TRANSITION FROM MECHANICAL AND ANALOGUE ELECTRONIC TECHNOLOGY TO DIGITAL ELECTRONICS WHICH BEGAN FROM THE LATE 1950S. FOURTH IR NOW, WITH ADVANCEMENTS IN VARIOUS TECHNOLOGIES SUCH AS ROBOTICS, INTERNET OF THINGS AND AUTONOMOUS VEHICLES, THE TERM “FOURTH INDUSTRIAL REVOLUTION” OR IR 4.0 WAS COINED BY KLAUS SCHWAB, THE FOUNDER AND EXECUTIVE CHAIRMAN OF WORLD ECONOMIC FORUM, IN THE YEAR 2016.
- 18. HISTORY OF INDUSTRIALREVOLUTION FIRST IR THE INDUSTRIAL REVOLUTION (IR) IS DESCRIBED AS A TRANSITION TO NEW MANUFACTURING PROCESSES. IR WAS FIRST COINED IN THE 1760S, DURING THE TIME WHERE THIS REVOLUTION BEGAN SECOND IR ALSO KNOWN AS THE TECHNOLOGICAL REVOLUTION, BEGAN SOMEWHERE IN THE 1870S. THE ADVANCEMENTS IN IR 2.0 INCLUDED THE DEVELOPMENT OF METHODS FOR MANUFACTURING INTERCHANGEABLE PARTS THIRD IR INTRODUCED THE TRANSITION FROM MECHANICAL AND ANALOGUE ELECTRONIC TECHNOLOGY TO DIGITAL ELECTRONICS WHICH BEGAN FROM THE LATE 1950S. FOURTH IR NOW, WITH ADVANCEMENTS IN VARIOUS TECHNOLOGIES SUCH AS ROBOTICS, INTERNET OF THINGS AND AUTONOMOUS VEHICLES, THE TERM “FOURTH INDUSTRIAL REVOLUTION” OR IR 4.0 WAS COINED BY KLAUS SCHWAB, THE FOUNDER AND EXECUTIVE CHAIRMAN OF WORLD ECONOMIC FORUM, IN THE YEAR 2016.
- 20. HISTORY OF INDUSTRIALREVOLUTION FIRST IR THE INDUSTRIAL REVOLUTION (IR) IS DESCRIBED AS A TRANSITION TO NEW MANUFACTURING PROCESSES. IR WAS FIRST COINED IN THE 1760S, DURING THE TIME WHERE THIS REVOLUTION BEGAN SECOND IR ALSO KNOWN AS THE TECHNOLOGICAL REVOLUTION, BEGAN SOMEWHERE IN THE 1870S. THE ADVANCEMENTS IN IR 2.0 INCLUDED THE DEVELOPMENT OF METHODS FOR MANUFACTURING INTERCHANGEABLE PARTS THIRD IR INTRODUCED THE TRANSITION FROM MECHANICAL AND ANALOGUE ELECTRONIC TECHNOLOGY TO DIGITAL ELECTRONICS WHICH BEGAN FROM THE LATE 1950S. FOURTH IR NOW, WITH ADVANCEMENTS IN VARIOUS TECHNOLOGIES SUCH AS ROBOTICS, INTERNET OF THINGS AND AUTONOMOUS VEHICLES, THE TERM “FOURTH INDUSTRIAL REVOLUTION” OR IR 4.0 WAS COINED BY KLAUS SCHWAB, THE FOUNDER AND EXECUTIVE CHAIRMAN OF WORLD ECONOMIC FORUM, IN THE YEAR 2016.
- 22. ROLE OF MANAGERSIN EMERGING TECHNOLOGY ?
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