While there are other key factors that make digital disruption a reality, technology innovation is a critical enabler of the transformations that will allow businesses to survive and thrive in the unfolding reality. There is a wide spectrum of emerging technologies, capabilities, and clever solutions of varying maturity to explore in this massive and growing space: cloud, artificial intelligence/machine learning (AI/ML), Internet of Things (IoT), 5G, augmented reality/virtual reality, edge computing, drones, low-orbit satellite, and quantum computing, to name just a few.
Despite the uncertainty, you can be sure that many of your competitors are already evaluating, experimenting, and finetuning how they leverage emerging technologies in an effort to propel their business reinvention. That rapid pace of change is raising the stakes on innovation. Companies that let emerging technologies pass them by risk falling behind or not surviving.
Based on our vast experience helping companies drive business innovation powered by emerging technologies, we offer five tips for making the right bets on emerging technologies—today.