Emerging Technology Essay Example | Topics and Well Written Essays - 1750 words

Emerging Technology - Essay Example Emerging technology is a segment of information technology. It is responsible for the development of new products or devices that are expected to be used widely in the upcoming 5 to 10 years. Businesses regularly look to emerging technologies for the devices or new services they provide will help them to build their competitive advantage of the business. Emerging technologies also include the advancement in technologies that business is already using. The advancement in technologies often helps business to accelerate their production process and allow the business to enhance the operations of the business at a cheaper cost. Talking more about emerging technologies in businesses, there are two important fields in emerging technology for businesses, Artificial Intelligence, and Robotics. Robotics can be described as a technological field and part of an engineering science that uses technology of mechanics or electronic to give substitute of human labor. Many production and manufacturing industries have adopted the technology of robotics in their systems. The industry of robotics technology seeks to expand to further businesses industries. While Artificial intelligence is used to make machines intelligent to use in businesses. Businesses use the technology of Artificial Intelligence by entering business information into the business machines that help in developing the information and forecast accurate predictions and identify trends for the company (Wood-Harper, Jayaratna, & Wood, 2013). Emerging technologies have vast effects on business in both the ways; it is benefiting many businesses as well as it is affecting businesses adversely. To talk about the positive effects of emerging technologies on businesses include the effects on research and development of any company. It helps companies in developing more effective and less expensive research and development processes.