Emerging technologies outlook: Chapter-2
Updated: Jul 21, 2020
Keeping review innovations and emerging technologies different new and existing industries, sectors:
3D printed foods
3D printed food is a way of preparing food in an automated additive way using 3D printers custom-built to handle food ingredients.
Companies in this space use AI to develop better educational materials for students. Artificial intelligence can be used to create more personalized learning experiences at-scale for students who lack consistent access to one-on-one instruction.
Air taxis refer to transportation in vertical-take-off-and-landing (VTOL) aircraft across short distances, generally bestsuited for urban environments. Companies in this space include both air taxi service providers and eVTOL manufacturers.
Auto commerce companies simplify car ownership by digitizing processes related to purchasing, leasing, and selling, as well as maintenance and repairs.
Cannabis beverages are CBD- or THC-infused drinks that range from tea, soda, and juice to beer and wine. They are often marketed as health and wellness products and are gaining popularity because of their convenience and potential health benefits.
Cashierless checkout is a collection of technologies that make the retail checkout experience faster and easier by relying on computer vision and camera technologies to track what a consumer picks up in a store.
Example: Amazon Go
Income share agreements (ISA) education
Income share agreements (ISA) education include technology-focused educational institutions that allow students to pay a percentage of their future income in lieu of upfront tuition.
Smart clothing uses micro-sensors embedded into traditional clothing items, typically to track biometric data. This tech-enabled clothing allows people to monitor their physiological functions conveniently and discreetly.
Example: Under Armour
Smart home assistants
Smart home assistants are platforms that integrate with smart home device application program interfaces (APIs) to enable home automation through a universal control platform.
Example: Amazon Alexa
Smart locks are digitally-enabled door locks that connect to apps and central access management systems. In some cases, they use biometrics for instant access.
Smart jewelry is a type of wearable technology that monitors users’ vital signs while looking aesthetically like typical jewelry.
Space tourism companies offer recreational space travel. Space tourism is in a nascent stage with trips remaining infrequent and highly expensive. Many of these companies hope to make recreational space travel available and affordable to more people over the coming years.
Example: Virgin Galactic
Sustainable fashion companies create clothing using fewer or alternative materials that contribute less waste to the environment.
Sustainable tourism is the idea that travel should have a positive impact on the environment, culture and economy of the place being visited. Companies in this space encourage a sustainable ethos by curating tours and experiences, giving some proceeds back to local communities and causes, and by practicing and encouraging environmental stewardship.
Example: Intrepid Travel