2017 Technology Convergence Scenarios
2017 Technology Convergence Scenarios
14-Jul-2017
Global
Description
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
Innovation Engine Kaleidoscope
Top 50 Technologies – Selection Methodology
Global Top 50 Technologies
Top 10 Convergence Scenarios – Selection Methodology
Step 1: Identification of Convergence Scenarios
Step 2: Evaluation of Ideas
Step 3. Finalization of Ideas
Contents
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Growth in the Number of Employed Parents is Driving Demand for Infant/Baby Trackers
Today’s Babies are Likely to be the First Generation to Remain Digitally Tracked throughout Their Lives
Connected Babies are Seen as Next Frontier for Internet of Things
Emerging Business Models Focus on Creating A Healthier Environment for Babies
IoT and AI Will Help to Track Pregnancy and Fetus Development
Companies are Developing Security Solution to Help Prevent Baby Monitoring Device From Getting Hacked
Technologies Such as Natural Language Processing Will Translate Toddler Cries
God’s Eye
Security Solution Established Using Connectivity
Key Driving Factors Encouraging Development of God’s Eye
Key Industry Initiatives Supporting the Development of God’s Eye
Car cyber security-as-a-service, Car Data Monetization, Customer Sentiment, Analytics-as-a-Service Business Models Drive Adoption of the Scenario
Key Factors Determining the Commercialization Potential of the Scenario
Key Strategic Questions from CEO’s Perspective
Water Generation with Increased Efficiency through Off-grid Solar Desalination Systems
Hybrid Energy Systems Coupled with Corrosion Resistant Alloys Enable High-efficiency Desalination
Recent Technology Trends Enable the Smooth Merger of Technologies to Increase Desalination Performance Efficiency
Companies Strive Hard to Find Innovative Ways to Merge Several Technologies to Enhance Desalination
Partnerships amongst Innovators Is Needed to Develop Sustainable Models that Can Impact Several Industries Dependent on Water
Convergence Would Be Highly Effective with Advances in Water Generation and Reduced Energy Consumption
Better Technology Synchronization along with Governmental Support Will Have a Huge Impact
Adoption of Off-grid Energy Distributed Systems Will Reduce the Operational and Maintenance Costs in a Desalination Plant
Developing a Disposable, Low-cost Wearable Neuromodulation Patch for Chronic Pain Disorders
The Chronic Pain Killer Patch is Designed to be Offered Over-the-Counter (OTC), Boosting Adoption
The Cost of Fabricating a Wearable Pain Killer Patch is High
Fits within the Diversification and Product Development Strategies of OEMs
The Role of Polypyrrole in Fabrication of Wearables is Well Explored through Clinical Studies
High Growth in the Global IP Landscape Since 2014 Steers Scope for Newer Solutions to Treat Chronic Pain
Current Funding Initiatives Are Focused on Continuous Product Development
High Market Potential in the Short-term for Offering Neuromodulation-as-a-Homecare Service
Peer Care Referrals Provide Great Value to Targeted Customer Segments
The Convergence Is Poised for Commercial Success in the Short-to-Medium Term
The period 2017–2019 Considered to Be a Realistic Timeline to Venture into Developing a Chronic Pain Killer Patch
Autonomous Drive Correction
Brain Control Interface, Artificial Intelligence, and 5G Network Empowering Autonomous Vehicles
Key Driving Factors Enabling Research and Development for Human Brain-controlled Autonomous Vehicles
Realization of Drive Correction Feature in Cars can be Realized Sooner with Major Tier Companies Pushing Technology Developments in 5G, AI, and BCI
Collaborative Work Culture and Payment-on-the-go Business Models Drive the Adoption of Scenario
Human Brain-controlled Autonomous Cars are Expected by 2020
Key Strategic Questions from CEO’s Perspective
Need for Precise Surgery and Improved Decision-making is Driving Innovations in Surgical Robots
Leveraging Emerging Sensor and Information Technologies Increase Probability of Success
Research Initiatives in the Field of Robotics Give Confidence to Out-of-Box Convergence Scenarios
Surgical Robotics is Pumped with Private Investments and is Backed by MedTech Giants
Multi-pronged Innovation Focus of the Surgical Robotics Industry Augurs Well for Technology Convergence
Adoption of Cutting-edge Technologies into Surgical Robots Must Align with Cost and Product Design Considerations
DER-based Microgrid Management through Advanced Energy Management Systems
Smarter Machine Learning and AI-based EMS Solutions Are the Future
Government Funding Activities toward Grid Modernization Significant in the US and Europe
DER Management Is An Active Sector with Significant Private Contribution
Convergence Would Be Highly Effective with Advances in Energy Modeling and Communication Techniques
Better Resource Interoperability and Integrated Energy Management Will Have a Huge Impact
Energy Management Solutions Can Help Automate Monitoring and Controlling of DERs
Sensor-integrated Bandages can Augmented Wound Healing
Probability of Smart Bandages is High, Considering Maturity of Wearables and Biosensor Technologies
Research Initiatives in Wound Care Convergence Scenarios
Convergence of Digital Technologies with Wound Care Attracts VC Funding
Technology Convergence Indicating a Positive Shift Toward Regenerative, Personalized, and Standardized Wound Care
Collaborative Research is Key to Technology Convergence in Wound Care
Optimization-focused Energy Assets Management through Next Generation Data and Computing Platform
Increased Trends Has Been Observed for Integration of AI with Energy Management
Delivering Results at Real-Time Will be the Major Challenge in This Convergence
Cloud-based Services and Data Analytics Concepts Will Redefine the Energy Management Landscape
Collaboration among Innovators is Needed to Develop Prototypes toward Quick Demonstration
Business Models Will be Disrupted with Advances in Energy Modeling and Communication Techniques
Diverse Applications and Services Will be Vital for Success in Engaging Commercial Customers
Nano-formulation as a Service—NaaS
Partner and build technology platform for creating growth opportunities
Generating interest through funding and research initiatives to facilitate developmental efforts
NaaS can help build robust theranostic frameworks with reliable performance and dynamic pricing
NaaS—A Game Changing Scenario with Hurdles to Cross
Unifying technology forces key to Successful deployment
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No Index | No |
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Podcast | No |
Author | Kiran Kumar Vijaya Kumar |
Industries | Cross Industries |
WIP Number | D7C6-01-00-00-00 |
Is Prebook | No |