Emerging Technologies

    Emerging technologies can be considered the type of technologies that are still in the development stage or the new technologies existing out in front.  Although all new technologies may not pass the testing or development stage, the ones that can pass may transform the lives of people and, finally the world (Williams, 2017). Evolving technologies not only bring new opportunities and practical applications for tech firms in terms of generating new business, revenue, and improving customer experience, but also improve the quality of people’s lives in numerous aspects such as efficiency, safety, health, environmental conservation, and so on.

The Emerging Technology Community has released the list of Top 10 Emerging Technologies for 2020, considering the research on the technology landscape and the marketplace’s assessment (Fitzgerald, 2020).  The list includes:

 

1.     Artificial Intelligence

2.     5G

3.     Internet of Things

4.     Serverless Computing

5.     Biometrics

6.     Augmented Reality / Virtual Reality

7.     Blockchain

8.     Robotics

9.     Natural Language Processing

10.  Quantum Computing

 

What are The Emerging Technologies?

 

Artificial Intelligence: Being used in the daily lives of many people and was adopted by numerous industries, AI refers to systems, machines, and algorithms that mimic behaviour associated with human intelligence such as perception, learning, planning, reasoning, and decision-making.

5G: Fifth-generation wireless (5G) refers to the cellular technology designed to increase the speed of wireless networks and provide connectivity of multiple devices.

Internet of Things: IoT refers to the significant number of connected physical devices that collect and share data over wireless networks.

Serverless Computing: Serverless refers to a cloud-based execution model that eliminates the need for managing servers to run applications.

Biometrics: It refers to the process in which unique physical traits of people are being detected and used to verify their identity.

 

Benefits of Emerging Technologies in The Supply Chain 

 Integrating emerging technologies like artificial intelligence, the internet of things, virtual reality, blockchain, etc., in supply chains and embracing the transformations is crucial for businesses’ futures and values since they allow companies to save on time and costs by improving business processes. There are several examples of how emerging technologies may benefit the supply chain in preparing companies for the future. (Chorley, 2018).

 

·      Contributing to the real-time problem-solving performance of companies by predicting and preventing potential problems and malfunctions.

·      Improving the customer service and reducing the cost to serve by connecting the digital thread by leveraging information gathered from emerging technologies like the Internet of Things or Big Data.

·      Allowing companies to monitor and interfere with the processes, changes, and the supply chain not only remotely and globally by the use of cloud-based emerging technologies but also autonomously by the use of artificial intelligence in decision making.

·      Training and preparing supply chain workers using Virtual Reality to provide better practices, realistic experience, and remote training.

·      Helping companies manage supply chain related crises easily by tracing failures, offering correct balances, and providing complete transparency in the product information.

·      Transform the way that supply chains are being operated by the use of IoT-based inventory, asset, or order management systems that consider sustainability and green initiatives.

Buket Bostanci

 

Keywords: emerging technologies, artificial intelligence, machine learning, digital transformation, supply chain, IoT

References & Sources

 

Williams, O., 2017. The Advantages of Emerging Technology. [online] bizfluent. Available at: https://bizfluent.com/info-8427727-advantages-emerging-technology.html [Accessed 3 April 2021].

Chorley, J., 2018. 6 Benefits of Emerging Technologies in the Modern Supply Chain. [online] EBN. Available at: https://www.ebnonline.com/6-benefits-of-emerging-technologies-in-the-modern-supply-chain/ [Accessed 3 April 2021]

Fitzgerald, L., 2020. 10 Emerging Technologies Making an Impact in 2020. [online] Available at: https://connect.comptia.org/blog/emerging-technologies-impact-2020 [Accessed 3 April 2021]

What are the Benefits of Volume-Data Storage and How it is Beneficial to Digital Marketers?

Data storage is a medium to store a huge amount of Information. Any electronic document can be store in less space than any paper document. This information converts into bits and can be stored in the electric circuit. The storage volume can be removable hard disk but it doesn’t remove physically from computer or storage system. This Volume data storage is flexible and it can contract or expand. In it, files and documents can record digitally and saved in a storage system for future use. If we talk about a business point of view data is the most important asset. So in today’s digital world, the best method of volume data storage is websites, blogs, social media sites. Making a high-quality website for storing data is a good option so that it can include information about things that customers find relevant and interesting. With the help of data storage, it’s easy to get the contact information of the customers. Digital marketers have to deal with a large amount of data on different sources like social media, websites and that collected data helps them to do marketing digitally in the digital world. Not only this there are many other data management or data storage platforms where digital marketing experts can store their data and use it whenever they needed. Here if we talk about different marketing which is called content marketing, in content marketing data storage is very much important because if we don’t have any accurate data or we are not able to make proper and right content and in content marketing strategy data plays a vital role especially when we don’t have any idea about data analytics. By capturing or recording data digital marketers are better to understand what content or marketing strategies and methods are required for getting a better result. The things which come in mind for storing huge amount of data for a long time is optical media like DVD, and external USB - SSD drive for storing last 20 years as well as Network Attached Storage (NAS) with RAID: These have high performance magnetic hard disks and are your best option. Because of RAID, there is failure protection. I am not sure that original disks can last 20 years, but you can replace them (NAS allows hot-swapping of disks). In volume data storage it helps to keep a record of all past and activities of digital transactions. It also helps in data analysis so that any marketer can forecast the trends of the future market. It also provides flexibility and mobility and storage is easy and can move from one place to another, not only this it’s easy to forecast the better strategy formation. With the help of volume data storage decision-making is easy for the management which benefits the company’s business. 

In conclusion, it is not easy to manage and recognize the huge amount of data for the human brain so that with the help of data storage it is easy to keep a record of the day to day activities which increase the efficiency of the employee in many ways as a result easy to analysis the market scenario that helps business winning out in today’s competition.

Damanvir Kaushal

Keywords

#Volume Data storage

#Digital marketing

#Data storage

#Digital Transformation

#Social media

References and Sources :

• https://searchstorage.techtarget.com/definition/volume
• https://techterms.com/definition/volume
• https://docs.oracle.com/cloud-machine/latest/stcomputecs/ELUSE/GUID-6ACE7B13-442B-459C-8868-566F1CB65E3F.htm#ELUSE-GUID-6ACE7B13-442B-459C-8868-566F1CB65E3F
• https://docs.microsoft.com/en-us/windows-hardware/drivers/ifs/storage-device-stacks--storage-volumes--and-file-system-stacks
• https://kt.cern/competences/high-volume-data-management-storage