Cutting-edge technology represents the newest and most cutting-edge developments in an industry or field, often at the forefront of research and development with significant implications for both businesses and everyday life.
Some technologies can be considered “bleeding edge,” and are usually first released to early adopters for testing before becoming widely adopted. While embracing bleeding-edge technology may offer companies a first mover advantage, doing so is also risky business decision.
Artificial Intelligence
Cutting-edge tech encompasses devices, techniques, and accomplishments that represent the latest innovations in information technology. This refers to technologies at the leading edge of development; technologies which occupy an area beyond our ability to adapt.
Artificial intelligence (AI) has rapidly progressed in recent years, and technologies like augmented reality and virtual assistants relying on it to complete tasks for us. Furthermore, AI is being applied in medical diagnoses, disease detection, and predicting treatment outcomes for patients.
However, these new technologies are often still being tested for bugs and may not always function correctly, leading to potential issues for businesses deploying them in production environments. Furthermore, repair or replacement costs of devices or technologies that break down can become extremely expensive over time.
The Internet of Things (IoT)
IoT stands for “Internet of Things”, the technology that connects digital and physical worlds, unifying them into one intelligent, responsive fabric. The term was first coined by MIT technologist Kevin Ashton during a 1999 presentation for Procter & Gamble; its concept has existed under other names – radio-frequency identification (RFID), intelligent building systems or supervisory control and data acquisition (SCADA).
IoT uses sensors and network connectivity to gather and exchange data without human involvement, making it an ideal tool for business intelligence, analytics, and automation. Users can connect devices at any time to access their data remotely – providing greater flexibility, security, scalability, and real-time analytics that offer dynamic insight that’s more dynamic and accurate.
Virtual Reality (VR)
Virtual reality (VR) is computer technology that simulates three-dimensional worlds for users to explore and interact with. VR emulates human senses such as sight, hearing, touch and smell to fully immerse its users into another environment.
Major tech companies are making strides to make virtual reality (VR) more practical and accessible to the general public, by decreasing latency and producing headsets that display HD images without blurring or distorting them.
VR can be an extremely valuable asset when used for employee training, enabling employees to practice presentations and operate equipment safely within a virtual reality environment. Real estate agents can use VR as part of virtual tour of homes or co-working spaces so buyers can gain an impression of them before viewing in person. Virtual reality may also be combined with other technologies – this type of application is known as mixed reality.
3D Printing
3D printing technology has proven itself effective at cutting manufacturing costs and lead times in various ways, initially as rapid prototyping technology; now it has evolved to become part of design processes in various industries such as aerospace, automotive, consumer products and healthcare.
Some 3D printers can print materials not normally manufactured through subtractive processes, reducing the number of parts necessary for an assembly process while often being lighter and stronger than traditional counterparts.
Some examples include General Electric’s LEAP engine, which features 3D printed Cobalt-chrome fuel nozzles which weigh 25 percent less and five times stronger than traditionally made ones. With such advancements coming through 3D printing technology, its future use could bring profound transformational change across various industries.
Augmented Reality (AR)
Augmented Reality technology integrates digital data with physical images by superimposing it over them. Most often accessed using smartphones and tablets, AR can also be experienced through wearable devices like glasses or headsets.
AR technology uses a camera to recognize real-world objects and display digital overlays of data that appear as though they were on top of them. Furthermore, GPS, accelerometers and solid state compasses help orient itself and understand its surroundings.
These new technologies could dramatically boost productivity and decrease errors across a wide variety of industries, from using voice-recognition software for text generation to showing assembly instructions via AR apps on smartphones or headsets.
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