EMERGING TECHNOLOGY FOR

DIGITAL FOOTPRINT
COURSE CODE: PG-17

By Prof Amrita Jain

GLBIMR
 Syllabus Outline

Unit 1: Introduction to Emerging Technologies

Unit 2: Artificial Intelligence and Machine Learning

Unit 3: Internet of Things (IoT) and Big Data Analytics

Unit 4: Blockchain Technology

Unit 5: Virtual Reality (VR) and Augmented Reality (AR)

 UNIT 1
 Evolution of Technologies
 Opportunities and Challenges
 Impact of emerging technologies on management
practices
 Importance of technology for managers
 Role of data for emerging technologies
 Business Intelligence and analytics
 Ethical, legal, and societal implications of adopting
emerging technologies in management contexts
Meaning of Emerging Technologies?
• Emerging technology is a term generally used to describe
a new technology, but it may also refer to the continuing
development of existing technology

• Technologies that are currently developing, or that are

expected to be available within the next five to ten years,
and are usually reserved for technologies that are creating
or are expected to create significant social or economic
effects.
 List out Major Emerging Technologies
• Artificial Intelligence and Machine Learning
• Automation and Robotics
• Digital Twins and Simulation
• Cloud Computing and Cyber Security
• Augmented Reality and Virtual reality
• Blockchain Technology
• Quantum Computing
• Nano Technology
• Energy and Sustainability Technology
AI in Everyday Life: How Artificial Intelligence Impacts You
 THE INDUSTRY
REVOLUTION

Evolution of Technology
Industry 1.0
1760 - 1870

Started in England
Mass production by machine
Increased productivity
Derived by steam power
Shifted from handicraft economy to
dominate by machinery
Mining, textile, agriculture, and glass
The first textile mill was built in 1790 in
US
 Industry 2.0
1871 - 1914

• Economic growth
• Electricity replaced steam power
• Increasing business productivity
• Surge in unemployment
• Intervention of telegraph and telephone
• Internal combustion engine, transformed
transportation
• Assembly line
Industry 3.0
Mid 20th Century - 2010

• Information Age
• Information Systems
• Internet
• Digital Revolution
• Production system was automated
• Programmable Logic Controllers,
sensors
• Robots were introduced
• Integrated circuit chips
• Digital cellular phones
• Transisters and optical amplifiers
 Industry 4.0
2011 - Present

• IoT
• Big Data & Analytics
• Artificial Intelligence & Machine Learning
• Generative AI
• Automation & Robotics
• Blockchain
• Digital Twins
• Cloud Computing
• Cyber Security
• Augmented Reality (AR) and Virtual Reality (VR)
• Additive Manufacturing (3D Printing)
Where do we go next?
HOW DO WE GET THERE?
 Industry 5.0
Next Generation

• Cyber-Physical Cognitive Systems

• Green Manufacturing
• Bio-economy
• Renewable resources
• Cultural Collaboration
• Mass Customization
• Human-Robot co-working
• Quantum Computing
Emerging
Technologies and
Their Impact
The rapid advancements in technology have transformed the
way we live, work, and interact with the world around us. From
artificial intelligence to renewable energy, these emerging
technologies are shaping the future and presenting both exciting
opportunities and complex challenges.
 Artificial Intelligence: Opportunities and
Challenges
Opportunities Challenges
• Automating tasks • Displace human workers and exacerbate income
• Enhancing decision-making inequality
• Improving efficiency • Ethical considerations: transparency and
• Healthcare: disease diagnosis, drug discovery, accountability of AI systems
and personalized treatment. • The risk of AI systems being used for malicious
• Transportation: AI-powered autonomous purposes, such as surveillance or autonomous
vehicles can improve safety and reduce traffic weapons, is a pressing concern that requires robust
congestion. governance and regulation.
• Finance: fraud detection, optimizing investment
strategies, and providing personalized financial
advice.
 Blockchain: Revolutionizing Transactions and Trust
1 Decentralization
Blockchain technology operates on a decentralized network, where
transactions are recorded and validated by a network of computers
rather than a central authority. This decentralized nature enhances
security, transparency, and resilience, as the network is not
vulnerable to a single point of failure.

2 Immutability
Transactions recorded on the blockchain are immutable, meaning
they cannot be altered or deleted. This feature ensures the integrity
of data and builds trust in the system, as users can be confident
that the information they are accessing has not been tampered
with.

3 Smart Contracts
Blockchain technology enables the use of smart contracts, which
are self-executing agreements encoded in the blockchain. These
contracts automatically enforce the terms of an agreement,
reducing the need for intermediaries and increasing efficiency in
various industries, such as finance, supply chain management, and
real estate.
 Internet of Things: Connecting the
Physical and Digital Worlds

Enhanced Efficiency
Seamless integration of physical devices, such as appliances, sensors, and vehicles, with the digital world. This can lead to improved
efficiency in various sectors, such as smart homes, smart cities, and industrial automation.

Data-driven Insights
IoT devices generate vast amounts of data that can be analyzed to provide valuable insights and inform decision-making. This data can be
used to optimize processes, predict maintenance needs, and personalize user experiences.

Improved Quality of Life

Enhance the quality of life by automating tasks, improving safety and security, and providing personalized recommendations. Smart home
technologies, for example, can adjust lighting, temperature, and security based on user preferences and habits.

Cybersecurity Risks
The interconnectivity of IoT devices also brings about cybersecurity challenges. Poorly secured IoT devices can be vulnerable to
hacking, posing risks to personal data, privacy, and even physical safety. Addressing these security concerns is crucial as the IoT
ecosystem continues to expand.
Renewable Energy: Powering a Sustainable Future
Wind Power
Harnessing the power of wind to generate electricity is a cost-effective solution
for renewable energy production. Wind farms, both onshore and offshore, are
being deployed worldwide to meet the growing demand for clean energy.

Solar Energy
The abundance of sunlight in many regions has made solar energy a rapidly
growing and accessible form of renewable power. Advancements in
photovoltaic technology have improved the efficiency and affordability of solar
panels, making them an attractive option for residential, commercial, and
utility-scale applications.

Hydroelectric Power
Hydroelectric power, generated by harnessing the kinetic energy of flowing
water, has been a reliable source of renewable electricity for decades.
Hydroelectric facilities, ranging from large dams to small-scale run-of-river
projects, continue to play a vital role in the global energy mix.
Augmented and Virtual Reality: Transforming Experiences
Immersive Experiences
Augmented Reality (AR) and Virtual Reality (VR) technologies
have the power to transport users to entirely new worlds. These
immersive experiences have the potential to revolutionize gaming,
entertainment, education, and even work environments.

Enhanced Visualization
AR and VR can provide enhanced visualization capabilities,
allowing users to interact with 3D models, visualize complex data,
and gain new perspectives on the world around them. This can be
particularly valuable in fields such as engineering, architecture, and
medical training.

Accessibility and Inclusivity

By leveraging AR and VR, individuals with disabilities or limited
mobility can access experiences and information that were
previously inaccessible. These technologies have the potential to
increase inclusivity and provide new avenues for personal growth,
education, and social engagement.
Emerging Technologies:
Navigating Challenges
These revolutionary changes come with a multitude of challenges
that must be addressed. Let’s explore the key challenges associated
with emerging technologies and provide insights into how
organizations and individuals can navigate these obstacles to
harness the full potential of these transformative innovations.
 Cybersecurity Challenges
1 Data Breaches
The increasing interconnectivity of devices and the growing volume of
sensitive data have made organizations more vulnerable to sophisticated
cyber attacks, leading to the theft of confidential information and
significant financial and reputational damage.

2 Malware Attacks
Emerging technologies, such as the Internet of Things (IoT) and cloud
computing, have expanded the attack surface, making it easier for
malicious actors to infiltrate systems and deploy malware, disrupting
critical operations and compromising system integrity.

Identity Theft
3
The proliferation of personal data and the ease of access to it have made
individuals and organizations more susceptible to identity theft, which
can lead to financial losses, fraud, and the erosion of trust in digital
systems.
Regulatory Hurdles
Regulatory Lag
1 The rapid pace of technological change often outpaces the ability
of governments and policymakers to establish appropriate
regulations, leading to legal and compliance challenges for
organizations developing and deploying emerging technologies.

2 Balancing Innovation and Regulation

Policymakers must strike a delicate balance between fostering

innovation and implementing necessary regulations to protect the
public, a challenge that requires ongoing collaboration between
industry, government, and civil society.
Skills Gap and Talent Shortage
Upskilling and Reskilling

The rapid evolution of emerging technologies requires ongoing upskilling and

reskilling of the workforce to ensure they possess the necessary skills and
knowledge to effectively utilize and manage these innovations.

Talent Attraction and Retention

Organizations face challenges in attracting and retaining skilled professionals

with expertise in emerging technologies, particularly in fields like
cybersecurity, data science, and artificial intelligence.

Cross-Functional Collaboration

Effectively navigating the complexities of emerging technologies often

requires close collaboration between diverse teams, including technical
experts, business leaders, and policymakers, to leverage their unique
perspectives and expertise.
Conclusion and Key Takeaways
The rapid advancements in emerging technologies have the potential to transform industries and improve the lives of individuals,
but navigating the associated challenges is crucial for organizations and policymakers. By addressing cybersecurity threats,
safeguarding privacy, considering ethical implications, overcoming regulatory hurdles, bridging the skills gap, and ensuring
seamless integration, we can unlock the full potential of these transformative innovations and pave the way for a more
sustainable and equitable future.
 Technologies for management practices

Artificial Intelligence (AI)

● Automation: Streamlining repetitive tasks and processes.
● Decision Support: Providing data-driven insights and predictive analytics for strategic planning.
Internet of Things (IoT)
● Real-Time Monitoring: Tracking assets, resources, and operations in real-time.
● Data Collection: Gathering detailed data for analysis and optimization.
Big Data Analytics
● Customer Insights: Understanding customer behavior and preferences.
● Operational Efficiency: Identifying inefficiencies and optimizing processes.
Blockchain
● Security and Transparency: Ensuring secure and transparent transactions.
●Supply Chain Management: Enhancing traceability and reducing fraud.
 Technologies for management practices (Cont.)

Virtual Reality (VR) and Augmented Reality (AR)

●Training and Simulation: Providing immersive training experiences for employees.
●Product Visualization: Enhancing product design and development processes.
Business Intelligence (BI) Tools
●Data Visualization: Creating intuitive dashboards and reports.
●Performance Tracking: Monitoring key performance indicators (KPIs) and business
metrics.
Collaboration Tools
●Project Management: Facilitating project planning and execution (e.g., Asana, Trello).
●Communication: Enabling seamless communication and collaboration (e.g., Slack,
Microsoft Teams)
Data Visualization Example

Power BI Dashboard
 Role of data for emerging technologies

Innovation and New Business Models

● Data-Driven Innovation: Utilizing data to drive innovation and develop new business models.
● Market Opportunities: Identifying new market opportunities and customer segments through data
analysis.
Security and Compliance
● Risk Management: Data is essential for assessing and managing risks, and ensuring compliance with
regulations.
● Fraud Detection: Using data analytics to detect and prevent fraudulent activities.
IoT and Real-Time Data
● Monitoring and Control: IoT devices generate real-time data for monitoring and controlling systems.
● Predictive Maintenance: Using data from IoT sensors to predict and prevent equipment failures.
 Business Analytics
Business Analytics involves the use of statistical methods, technologies, and techniques to analyze
historical data to gain new insights and improve strategic decision-making.

1. Descriptive Analytics:
Definition: The process of examining, cleaning, transforming, and modeling data to discover useful
information and support decision-making.
Example: Analyzing sales data to identify trends and patterns that can inform marketing strategies.

2. Predictive Analytics:
Definition: Techniques used to analyze current and historical data to make predictions about future
events.
Example: Using historical sales data to forecast future sales and inventory needs.

3. Prescriptive Analytics:
Definition: Techniques that analyze data to suggest actions that can be taken to affect desired
outcomes.
Example: Recommending optimal pricing strategies based on customer purchasing behavior and
market conditions.
 Business Intelligence

Business Intelligence (BI) refers to the use of technology, applications, and

practices for the collection, integration, analysis, and presentation of business
information. The purpose of BI is to support better business decision-making.

Key Components:
Data Collection: Gathering data from various sources.
Data Integration: Combining data from different sources into a cohesive view.
Data Analysis: Examining data to discover patterns and insights.
Reporting: Presenting data in a readable and actionable format.
 Ethical, legal, and societal implications of adopting emerging
technologies in management contexts
Ethical Implications:
● Privacy Concerns: Technologies like AI and big data raise issues regarding data privacy and consent.
● Fairness and Bias: AI algorithms may perpetuate biases present in training data, impacting decisions
related to hiring, promotions, etc.
● Transparency: The opacity of some advanced technologies can raise concerns about accountability
and understanding how decisions are made.
Legal Implications:
● Regulatory Compliance: New technologies often outpace existing regulations, requiring frameworks to
adapt to ensure legal compliance.
● Intellectual Property: Issues may arise regarding ownership and protection of intellectual property
related to new technologies and innovations.
● Liability: Determining responsibility in cases of technology failure or misuse can be complex and may
require new legal precedents.
 Ethical, legal, and societal implications of adopting emerging
technologies in management contexts

Societal Implications:
●Job Displacement: Automation and AI can lead to job losses or shifts,
impacting the workforce and requiring reskilling initiatives.
●Inequality: Technological adoption may exacerbate existing societal inequalities
if access or benefits are unevenly distributed.
●Digital Divide: Not everyone has equal access to or proficiency with emerging
technologies, widening the gap between those who benefit and those who do
not.
 Questions

 Which emerging technologies will have more effect on our day-to-day life &
How?
 Briefly discuss these emerging technologies and how they could be shaping
the future of you and your business:
1. Chatbots
2. Virtual, Augmented & Mixed Reality
3. Artificial Intelligence
Queries?
THANK YOU