Top 5 Most Disruptive Innovation in 2021
Disruptive Innovation is defined as an innovation that creates a new market and value network. It is an introduction of a technologically enabled new product or service that potentially changes the way the world works. With this in mind, BSI Solutions is continuing to utilize these innovative technologies to create customized solutions for our clients.
In this article I will share some of the big ideas believed to be the most immediately impactful and disruptive innovation for 2021 and beyond.
- Deep Learning:
Deep Learning is creating the next generation of computing platforms including: conversational computers, self-driving cars and consumer apps. Research shows Deep learning will add $30 trillion to the global equity market capitalization during the next 15-20 years.
- Virtual Worlds:
A virtual world is a computer-simulated environment such as; video games, augmented reality (AR) and virtual reality (VR)), that can be accessed by anyone at any time. Other terms for virtual worlds include digital worlds, synthetic worlds, and massively multiplayer online games. From increased growth of virtual asset trade to greater use of virtual worlds as tools for socializing, over time virtual worlds will evolve well beyond their gaming roots. Virtual worlds will increasingly function as centers of commerce, trade, and business in the future.
- Bitcoin Fundamentals:
As bitcoin’s price hit an all-time high, research indicates that its network fundamentals remain healthy. Major companies have been showing significant interest in adopting digital currencies and distributed ledger technologies. Corporations such as; Facebook, J.P. Morgan and Walmart have all been making forays into digital currencies and blockchain technology, helping illustrate the robust interest in these potential disruptors.
- Automation and AI Technology:
Automation and AI technology is transforming businesses and will ultimately contribute to economic growth while also transforming the nature of work and the workplace. Machines will be able to carry out more of the tasks normally done by humans, complement the work that humans do, and even perform tasks that go beyond what humans can do. As a result, some occupations will decline, others will grow, and many more will change. Research shows automation will add 5%, or $1.2 trillion to US GDP during the next five years.
- 3-D Printing:
3D printers have been around for decades but over the years technology has evolved, and new developments are announced almost daily, causing the 3D printing industry to look very different from the way it did 10 years ago. By the year 2030 it will be unrecognizable. It’s projected annual growth is roughly 60% from $12 billion last year to an estimated $120 billion in 2025.
Unquestionably, 2021 will have its own unique and unexpected challenges. But despite the unknowns, forward-thinking companies can better prepare themselves for a multitude of potential changes. Thinking ahead to the post-pandemic economy, businesses can continue to develop new and creative approaches to product design, manufacturing, and delivery.
For more information about BSI Solutions contact us at www.bsisnc.com