In addition to providing quantitative insight, the study also provides a top-level assessment of eight emerging technologies: 5G, Artificial Intelligence (AI), Blockchain and Distributed Ledger, Human Brain-Computer Interface, Human Intelligence Augmentation, Internet of Things (IoT), Natural Language Interfaces (NLIs) and Quantum Computing.
"Numerous technologies with limited adoption/availability at present will rise in relevance over the next ten years. 5G will play an important role over the next five years as commercial deployments commence, while Quantum Computing is set to have a huge impact in the coming decade," said Adrian Drozd, Research Director, ICT. "However, thinking of these emerging technologies in isolation will limit their effectiveness. For instance, IoT cannot reach its potential without AI, and AI can be powerful only by accessing the data generated by IoT."
"Technologies will reach maturity at different times; while some are already widely used, others are still in the development phase," noted Drozd. "Technology development should be guided by the use cases and real-life deployments that the solutions promise to enable."
New technologies are emerging at an unprecedented rate, each promising to be the next transformative force that will drive fundamental shifts across industries and society. Companies looking to tap growth opportunities in their respective sectors should consider joining Frost & Sullivan's global IoT & Digital Transformation Growth Partnership Service program.