The latest innovation is taking a range of forms: from AI that creates its own visual content to robots that can be trained to perform specific tasks in healthcare or manufacturing. These technologies are reshaping industries, optimizing processes for supply chain management and improving lean SCM approaches.
Artificial intelligence (AI) has made rapid advances and become increasingly able to replicate or even exceed human abilities in multiple areas, including writing, visual design and data analysis. Generative AI, which uses neural networks to produce human-like text and images, is reshaping creative industries and disrupting businesses. It has been incorporated into workflows to automate tedious tasks and to deliver more personalized services at scale, from customer engagement to resolving support tickets.
Another technology making waves in the business world is osmotic power, which uses semipermeable membranes to move water from low to high salinity. The technology could be applied to produce clean, renewable energy.
A new generation of nuclear technologies is emerging that aims to lower costs, simplify designs and boost power production from nuclear in countries around the world. The ultimate goal is to achieve nuclear fusion — fusing hydrogen atoms to release vast amounts of energy.
5G wireless technology is making a big difference in the world, with download speeds up to 100 times faster than 4G and low latency that allows transformative technologies like IoT, augmented reality and autonomous vehicles to function properly. It also provides the bandwidth necessary for virtual and augmented reality applications, with search volume up more than 150% since 2019.