The term “emerging technologies” is relative and includes new innovations in tech that are in development or will be developed in approximately the next decade. In September 2018, the World Economic Forum released a list of its Top 10 Emerging Technologies of 2018: “They’re all breakthrough technologies that are likely to shape our lives in the near future.”1
The importance of these emerging technologies to businesses goes beyond revenue potential. According to scientists and experts, “each one has been identified as having the potential to be disruptive by altering deep-rooted practices or shaking up whole industries.”1 To that end, businesses of all sizes, across industries, must keep a pulse on these developments if they want to remain sustainable and competitive.
Predictions by different industry experts and media may vary, but even they agree that “it’s not about whether these themes will become the new normal, it’s more about how soon.”2 Innovations in Information and Communications Technology (ICT) have applications throughout daily life, from business communications and online shopping to social media and streaming on an array of devices.