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What Are Emerging Technologies?

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Technology is constantly changing, and new technologies are regularly being introduced. Business has been revolutionized by various technologies over the past few decades-namely, data science/artifical intelligence (AI) and blockchain. New technologies bring many opportunities with them, but they can also pose challenges for businesses, such as creating new and updated business models and finding the best adoption and digital transformation strategies. This books offers a guide to data science/AI and blockchain, two of the most relevant and important technologies for businesses today. Various topics are covered, including data science processes, AI-based businesses, and types of blockchain. Simple, straighforward descriptions of the technologies are provided along with more thorough explanations on how to effectively use them. By utilizing data science/AI and blockchain, businesses can stay competitive and be a catalyst for positive change. Chapter 1 describes the concept of emerging technologies, which includes any technology old or new that has unrealized potential. Through development or application, emerging technologies have the capability to change society. A brief history of technological disruption is provided, along with a description of the current "Fourth Industrial Revolution." Emergining technologies of the Fourth Industrial Revolution include data science/AI, blockchain, the Internet of Things (IoT), 3D printing, 5G technology, quantum computing, and robotics. Descriptions of all these technologies, as well as ways they can transform business, are offered. Ultimately, data science/AI and blockchain are two of the biggest emerging technologies right now and therefore are what decision makers need to know about. If businesses don't adopt these technologies, those businesses will eventually become obsolete.
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