2017 Technology Convergence Scenarios

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The ‘2017 Technology Convergence Scenarios’ is a powerful technology foresighting deliverable built on the ‘Top 50 Emerging Technologies: Spawning Growth Opportunities of Strategic Imperative’ research. Both outputs are offerings of the TechVision group, the global emerging technology, innovation, and convergence-focused practice of Frost & Sullivan.
This deliverable is an indigenous effort at analyzing the Top 50 emerging technologies, and the strength of interconnects between these technologies to potentially combine with each other. The impact of these probable scenarios is underlined by their capability to:
•     Address unmet application/sector/market needs
•     Create new products/services/solutions due to the uniqueness of their combined potential
•     Drive unlikely players from diverse industries to work with each other
•     Accelerate multi-billion dollar market opportunities

It is a unique output aimed to foresee and assess the top technology driven convergence scenarios based on 4 key factors (underlying these factors other softer parameters were also considered):
•     Degree of success probability
•     Degree of impact on applications/markets/sectors
•     Disruptive potential
•     Year/time of impact

For each of the top convergence scenarios profiled (that were picked from a long list of scenarios generated), insights on the following aspects have been generated to appreciate the strength and opportunities behind them:
•     Individual Technologies driving the scenarios and their Technology Readiness Level (TRL)
•     Key Initiatives and Recent Technology Trends
•     Key Funding and Recent Patenting Trends
•     Impact on Applications, Products and Services, Business Models, Industries
•     Point of action for developers

Table of Contents

Executive SummaryInnovation Engine KaleidoscopeTop 50 Technologies – Selection MethodologyGlobal Top 50 TechnologiesTop 10 Convergence Scenarios – Selection MethodologyStep 1: Identification of Convergence ScenariosStep 2: Evaluation of IdeasStep 3. Finalization of IdeasContentsContents (continued)Contents (continued)Contents (continued)Contents (continued)Contents (continued)Contents (continued)Contents (continued)Contents (continued)Contents (continued)Baby Mood Tracker and MonitorGrowth in the Number of Employed Parents is Driving Demand for Infant/Baby TrackersToday’s Babies are Likely to be the First Generation to Remain Digitally Tracked throughout Their LivesConnected Babies are Seen as Next Frontier for Internet of ThingsEmerging Business Models Focus on Creating A Healthier Environment for BabiesIoT and AI Will Help to Track Pregnancy and Fetus DevelopmentCompanies are Developing Security Solution to Help Prevent Baby Monitoring Device From Getting HackedTechnologies Such as Natural Language Processing Will Translate Toddler CriesGod’s EyeGod’s EyeSecurity Solution Established Using ConnectivityKey Driving Factors Encouraging Development of God’s EyeKey Industry Initiatives Supporting the Development of God’s EyeCar cyber security-as-a-service, Car Data Monetization, Customer Sentiment, Analytics-as-a-Service Business Models Drive Adoption of the ScenarioKey Factors Determining the Commercialization Potential of the ScenarioKey Strategic Questions from CEO’s PerspectiveOff-Grid Solar DesalinationWater Generation with Increased Efficiency through Off-grid Solar Desalination SystemsHybrid Energy Systems Coupled with Corrosion Resistant Alloys Enable High-efficiency DesalinationRecent Technology Trends Enable the Smooth Merger of Technologies to Increase Desalination Performance EfficiencyCompanies Strive Hard to Find Innovative Ways to Merge Several Technologies to Enhance DesalinationPartnerships amongst Innovators Is Needed to Develop Sustainable Models that Can Impact Several Industries Dependent on WaterConvergence Would Be Highly Effective with Advances in Water Generation and Reduced Energy ConsumptionBetter Technology Synchronization along with Governmental Support Will Have a Huge ImpactAdoption of Off-grid Energy Distributed Systems Will Reduce the Operational and Maintenance Costs in a Desalination PlantChronic Pain Killer PatchDeveloping a Disposable, Low-cost Wearable Neuromodulation Patch for Chronic Pain DisordersThe Chronic Pain Killer Patch is Designed to be Offered Over-the-Counter (OTC), Boosting AdoptionThe Cost of Fabricating a Wearable Pain Killer Patch is HighFits within the Diversification and Product Development Strategies of OEMsThe Role of Polypyrrole in Fabrication of Wearables is Well Explored through Clinical StudiesHigh Growth in the Global IP Landscape Since 2014 Steers Scope for Newer Solutions to Treat Chronic PainCurrent Funding Initiatives Are Focused on Continuous Product DevelopmentHigh Market Potential in the Short-term for Offering Neuromodulation-as-a-Homecare ServicePeer Care Referrals Provide Great Value to Targeted Customer SegmentsThe Convergence Is Poised for Commercial Success in the Short-to-Medium TermThe period 2017–2019 Considered to Be a Realistic Timeline to Venture into Developing a Chronic Pain Killer PatchAutonomous Drive CorrectionAutonomous Drive CorrectionBrain Control Interface, Artificial Intelligence, and 5G Network Empowering Autonomous VehiclesKey Driving Factors Enabling Research and Development for Human Brain-controlled Autonomous VehiclesRealization of Drive Correction Feature in Cars can be Realized Sooner with Major Tier Companies Pushing Technology Developments in 5G, AI, and BCICollaborative Work Culture and Payment-on-the-go Business Models Drive the Adoption of ScenarioHuman Brain-controlled Autonomous Cars are Expected by 2020 Key Strategic Questions from CEO’s PerspectiveAdvanced Precision Cancer SurgeryNeed for Precise Surgery and Improved Decision-making is Driving Innovations in Surgical Robots Leveraging Emerging Sensor and Information Technologies Increase Probability of SuccessResearch Initiatives in the Field of Robotics Give Confidence to Out-of-Box Convergence ScenariosSurgical Robotics is Pumped with Private Investments and is Backed by MedTech GiantsMulti-pronged Innovation Focus of the Surgical Robotics Industry Augurs Well for Technology ConvergenceAdoption of Cutting-edge Technologies into Surgical Robots Must Align with Cost and Product Design ConsiderationsFuture of Microgrid ManagementDER-based Microgrid Management through Advanced Energy Management SystemsSmarter Machine Learning and AI-based EMS Solutions Are the FutureGovernment Funding Activities toward Grid Modernization Significant in the US and EuropeDER Management Is An Active Sector with Significant Private ContributionConvergence Would Be Highly Effective with Advances in Energy Modeling and Communication TechniquesBetter Resource Interoperability and Integrated Energy Management Will Have a Huge ImpactEnergy Management Solutions Can Help Automate Monitoring and Controlling of DERsWearable Active Wound TherapySensor-integrated Bandages can Augmented Wound HealingProbability of Smart Bandages is High, Considering Maturity of Wearables and Biosensor TechnologiesResearch Initiatives in Wound Care Convergence ScenariosConvergence of Digital Technologies with Wound Care Attracts VC FundingTechnology Convergence Indicating a Positive Shift Toward Regenerative, Personalized, and Standardized Wound CareCollaborative Research is Key to Technology Convergence in Wound CareAwareOptimization-focused Energy Assets Management through Next Generation Data and Computing PlatformIncreased Trends Has Been Observed for Integration of AI with Energy Management Delivering Results at Real-Time Will be the Major Challenge in This ConvergenceCloud-based Services and Data Analytics Concepts Will Redefine the Energy Management LandscapeCollaboration among Innovators is Needed to Develop Prototypes toward Quick DemonstrationBusiness Models Will be Disrupted with Advances in Energy Modeling and Communication TechniquesDiverse Applications and Services Will be Vital for Success in Engaging Commercial CustomersNanoformulation as a Service–NaaSNano-formulation as a Service—NaaSPartner and build technology platform for creating growth opportunitiesGenerating interest through funding and research initiatives to facilitate developmental effortsNaaS can help build robust theranostic frameworks with reliable performance and dynamic pricingNaaS—A Game Changing Scenario with Hurdles to CrossUnifying technology forces key to Successful deploymentLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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