Technological Innovation - MITID Innovation

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Top 10 Latest Technological Innovations for
Organizations MITID Innovation
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Technological innovation is the arena which helps
a company to grow. According to GE Global
Innovation Barometer 2018 report, across the
globe in accordance with business executives, 40
of innovations over the last 5 years had an
extremely positive impact on bottom lines of
their business.
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Thus, business innovation is an intrinsic
component of an organization that is essential to
maximize an organization's potential. Therefore,
we have mentioned the top ten technological
innovations for organizations, which are - 
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Blockchain Technology
The blockchain technology refers to technology
related to cryptocurrencies like the bitcoin. It
is a very secure option as the existing data
could not be changed it could only be added to.
No one can control entire data in a blockchain
it is consensus-driven.
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Internet of Things
It is the future of technology, as it enables the
connection of different devices and the exchange
of data over the internet. It enables better
efficiency, security and decision making in an
organization.
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Artificial Intelligence
Artificial Intelligence is deemed as
a technological innovation that can change the
future of an organization. It is like a computer
system that imitates human intelligence. It
performs various tasks faster. It enables
scheduling of tasks, analyzing risks,
predictions, maintenance, improving efficiency in
an organization.
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Robotic Process Automation
It is a technology that enables an organization
to automate its various processes like
interpreting applications, replying to emails,
processing transactions, dealing with data. This
is one of the technologies that change an
organization for better. 
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Edge Computing
Edge computing improves the collection and
analyzation of the data by businesses. It gives
access to company real-time data, which enables
them to make data-driven decisions.
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Management Reporting System
This is a technology that enables manages to
assign certain tasks to their subordinates
easily. It helps in the management of reports and
work queues and the making of business decisions.
It reduces the paperwork and makes data within an
easy reach.
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5G Networks
5G networks are being rolled out faster as it
provides faster connectivity and lowers power
consumption. It enables the faster working of
each function of an organization as many of the
activities are connected to the internet, and
business innovations are fuel the process
of business innovation.
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Innovation technology are the need of the hour.
While businesses across the globe are heavily
absorbing technological innovation, it is
becoming extremely important in this competitive
world to adapt these business innovations to
survive the cut-throat competition. It is very
unlikely that an organization would be able to
survive in this tech-savvy world without
modernizing itself.
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Therefore, organizations need to comprehend the
situation, contemplate it, and make their final
move. After all, it is always about who is fit to
survive!
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Conclusion
MIT ID Innovation Programme curates knowledge and
experiences that challenge the very paradigm of
evolution. And that's why we have set out to
define the future of industries, communities,
cities and ecosystems. MIT ID Innovation offers
the best Innovation Management Courses.
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