UNIVERSITY OF CAGAYAN VALLEY

Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

Course Code : GEEL 1

Course Title : LIVING IN THE IT ERA

FINAL PERIODIC COVERAGE

MODULE No. 10
TITLE: EMERGING TECHNOLOGIES
INTRODUCTION The term “emerging technology” has been growing in
popularity, particularly in the IT and academic world.
However, emerging technology is relative as someone may see
a technology as emerging, and others may not see it the same
way. Additionally, this term takes on different meanings
depending on the industry. For example, professionals in IT
will view it drastically different than someone immersed in
social media or medicine.

So, what is emerging technology? While there is no universal

definition of emerging technology, according to
BusinessDictionary.com it is the concept as a new technology
that is currently being developed or will be developed within
the next five to ten years. Finally, this term applies to
technologies that are currently creating or will create
lasting economic or social effects.
LEARNING ➢ Describe the emerging technologies/ latest technology
OUTCOMES trends in 2020.
LEARNING 1. Define emerging technologies.
OBJECTIVES 2. Identify the emerging technologies/ latest technology
trends in 2020.
3. Recognize the importance of emerging technologies.

Discussion/Situational analysis/Content Etc.:

What is Emerging Technology?

Emerging technology is a term generally used to describe a new technology, but

it may also refer to the continuing development of an existing technology; it
can have slightly different meaning when used in different areas, such as
media, business, science, or education. The term commonly refers to
technologies that are currently developing, or that are expected to be available
within the next five to ten years, and is usually reserved for technologies
that are creating, or are expected to create, significant social or economic
effects.
 UNIVERSITY OF CAGAYAN VALLEY
Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

For a technology to be classified as emerging, it is characterized by rapid

growth, impact, radical novelty, coherence, and, sometimes, uncertainty and
ambiguity.

Each of these emerging technologies has the potential to create a significant

competitive advantage for businesses in the near future. For example,
artificial intelligence can be used in many different industries, including
IT, medicine, finance, and more. This technology is making our smartphones
smarter, providing deeper, more valuable insight into data, and making cloud-
based tools more efficient. In terms of impact, this technology has the power
to change the way we work.

AI is just one example of emerging technology. The global positioning system

(GPS) is another notable example of new technology. We use it in every part of
our lives. When we get into our cars, an aircraft, or even the local commuter
train, GPS plays an important role. It not only gets us where we want to go,
but it also provides information that keeps us safe by tracking the movements
of other vehicles and providing accurate time and distance information.

Latest Technology Trends of 2020

1. Artificial Intelligence

Artificial intelligence (AI) is the technology used for equipping computer

systems with the ability to make decisions like humans. Being one of the
trending technologies, when AI programs are fed to systems, the aim is to
imitate human intelligence for performing complex tasks such as pattern
recognition, speech recognition, weather forecast and medical diagnosis.

AI is used in navigation-based applications like Uber, voice assistants like

Siri, video streaming services like Netflix, IoT devices and in search engines
like Google and Bing. AI helps in automating tasks such as traffic, scheduling
trains, making business predictions and designing driverless cars.

2. Data Science

Data Science is the technology that helps to make sense of complicated data.
You know that data is produced in a huge amount every day by companies. This
includes business data, sales data, customer profile information, server data,
and financial figures.

Most of this data is in the form of huge data sets that are unstructured. The
role of data scientists is to convert these unstructured data sets into
structured datasets. Then, these data sets can be analyzed to identify patterns
 UNIVERSITY OF CAGAYAN VALLEY
Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

and trends. These patterns are useful for understanding the company’s business
performance, customer retention, and how these areas can be improved.

3. Internet of Things

The IoT (Internet of Things) is a network of devices that are connected to each
other. Their devices can interact and share data with each other. These devices
may be connected via WiFi, and they share data about their environments and
how they are being used. These devices have a computer chip that facilitates
this exchange.

It is predicted that more than 41 billion devices powered by IoT will be used
by 2025.

IoT not only enables the connection between different devices but also their
remote access. For example, you lock doors of your car remotely, preheat your
ovens and geysers. The FitBit that you use for tracking the number of calories
you burn also runs on IoT technology. IoT chips embedded on machines help
businesses to assess the performance of those machines and assist in their
maintenance. Learn about the real world IoT applications in 2020.

4. Blockchain

Blockchain is the foundational technology that powers electronic currencies

such as Cryptocurrencies. In simple terms, a Blockchain is an electronic ledger
that can be shared among different users. This helps in creating a record of
transactions that cannot be altered. Each of these records is time-stamped and
linked to the previous one.

So, every time a new transaction is added to the ledger, it is stored as another
block in the chain of transactions – hence the name. Blockchain is updated
after the different parties contributing to the ledger agree. After new data
is fed into a block, it cannot be erased. This makes technology verifiable and
secure.

This validation of transactions helps companies reduce their costs as no third

party has to be paid. The system is very secure and there is no need for paying
for centralized entities, as the technology is decentralized. Transactions are
easier to track using Blockchain.

5. Robotic Process Automation (RPA)

Robotic Process Automation (RPA) is a technology used for automating daily

tasks, similar to artificial intelligence. Here, the software is used for
automating repetitive tasks such as handling and replying to emails, processing
transactions, and handling business data.
 UNIVERSITY OF CAGAYAN VALLEY
Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

This technology is used for automating tasks for low-level employees to higher-
ranking officials. RPA can automate more than 40% of daily tasks. According to
McKinsey, more than 60% of all repetitive tasks can be partially automated
using RPA. So, this technology is going to threaten a lot of jobs.

The most popular vendors that provide RPA tools are Pega Systems, Blue Prism,
UiPath, Automation Anywhere, and Work Fusion. Companies such as Accenture,
Deloitte, and Capgemini use RPA tools to automate their daily operations. So,
the demand is huge for professionals skilled in RPA.

6. Virtual Reality

VR is the technology by which you can immerse yourself in an environment that

seems astonishingly realistic. It is the use of computer technology for creating
a simulated environment. It is very popularly used for playing computer games.
Unlike traditional games where you experience the gaming environment by viewing
it on the screen, you are directly placed in the environment!

Senses such as touch, hearing, smell, and vision are simulated in these
environments. Using VR gear such as headsets, you can walk around and play the
game in that 3D world. Augmented Reality (AR) is the technology used for
improving this virtual environment.

The VR technology is not only used for entertainment, but it is also used by
the U.S. Navy and Coast Guard for training staff. They use a VR game called
Virtual Ship. AR and VR are used by doctors while performing surgery. Visitors
in an amusement park or a museum can also use the technology to enhance their
experience.

7. Edge Computing

Edge computing is the latest technology trend that is getting famous by the
day. The technology is based on the philosophy of bringing computing power as
close to the data source. This helps in reducing bandwidth and latency.

The technology aims to run fewer processes in the cloud and shifting those
processes to locations such as the user’s system or an edge server. Bridging
this gap between the data and the computation reduces the long-distance
communication between the server and the client, which in turn enhances the
speed of the process. This is why edge computing is used for handling time-
sensitive data stored in remote locations that have limited connectivity to
the central location. The technology will make cloud computing and IoT devices
faster.

It is estimated that by 2022, the edge computing market will be worth $7

billion. The technology will be popular in areas such as healthcare, retail,
 UNIVERSITY OF CAGAYAN VALLEY
Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

and manufacturing. Thus, it will open the doors to many job opportunities. It
is expected that the salary range of an Edge computing professional will be
around $100,400 to $123,000 per annum.

8. Intelligent apps

Intelligent apps are software applications that make use of AI components such
as machine learning, deep learning, data analytics, robotics, and natural
language processing. They help you in making decisions based on real-time data
or historical data.

Examples of Intelligent apps are voice assistants such as Siri, Google

Assistant, and Alexa. As companies such as Google, Apple, and Oracle continue
investing in these applications, it is bound to create a lot of jobs in the
future.

Importance of Emerging Technologies

Emerging technology can change the way we do business, making our world smarter,
more efficient, and safer. While the invention of the computer, telephone, and
internet has transformed the way we communicate with each other and how we do
business, emerging technology seeks to further those advancements to further
benefit both businesses and citizens.

In using these emerging technologies, not only can we find a better way to do
business, but we can also create a safer, healthier world. For example, the US
Department of Transportation is currently looking into vehicle-to-vehicle
communication to help drivers communicate with each other and warn of hazardous
road conditions. They hope this technology will reduce the number of car
accidents on US roads. In the medical world, emerging technologies can help
diagnose illness faster or help cancer patients receive better care. Finally,
many new technologies are being used for environmental conservation. We can
now use technology to create eco-friendly automobiles, beauty products, light
bulbs, cleaning products, and more.

Harnessing the power of emerging technology can allow us to drive economic

growth and gain valuable insight into how to make our world a safer, healthier,
and more efficient place.
 UNIVERSITY OF CAGAYAN VALLEY
Tuguegarao City

COLLEGE FRESHMEN PROGRAM (CFP)

First Semester, School Year 2020-2021

Reference/s:

https://www.winston.com/en/legal-glossary/emerging-technology.html
https://www.comptia.org/blog/10-emerging-trends-in-information-technology-
for-2020
https://www.upgrad.com/blog/trending-technologies-in-2020/
https://www.independence.edu/blog/what-is-emerging-technology

Prepared by:

IT Instructors