Innovation and New Technologies

INNOVATION AND NEW
TECHNOLOGIES

Contents
Introduction.................................................................................................................... 2
Technological trends......................................................................................................... 2
Brief of technologies in terms of healthcare sector....................................................................4
Application of robotics in healthcare sector...............................................................4
Role of innovation and technology in business.........................................................................5
Conclusion..................................................................................................................... 7
References..................................................................................................................... 8

Introduction
This report brings out a discussion on how innovative technologies have turned the world`s face
while contributing to the economic value. Technological growth has been pacing up innovation.
With the landscape in the businesses, from large banks to small startups, technology has emerged
as an important factors in the development of business. It has accepted how it contributes to
improve value chain of company. Some of the important disruptive technologies have been
discussed are SFEG and Amazon have been undertaken to recognize regarding the technological
disruption in business. Advancement in technology brought a digital age with numerous
innovations, which will continue to change the business world accordingly (QuickBooks, 2019).
Other more illustrations include 3D printing, IT security, smart coins, big data analytics,
withings moving activity and the sleep watch, and Bose Frames Audio Sunglasses (QuickBooks,
2019). By the need of the time, technology and medicine has led to continuous advancements in
the pharmaceuticals, which have saved many lives. Smart halers is one of the main treatment for
asthma, which is effective for most of patients. In order to help asthma sufferings to better
manage the conditions, Bluetooth inhalers have developed that can record time and date of every
dose (QuickBooks, 2019). Some of the recent and value creation technology to the economic
conditions produced great disruption of business and global economy such as wireless sensor
network, 5D Printer, cloud, advanced technologies, internet of things, automotive knowledge
work, autonomous vehicles, and neuromorphic technology.
Technological trends
With the advancement of technology, it is seen that there are two major types of innovations
such as disruptive and sustainability. Disruptive technology has emerged as newly developed
technology, which has been creating more value as compared to existing technology. It has the

great potential to change the work accordingly that increase economic output. This disruptive
technology can take long time while developing the existing technologies (Rense, 2019).
 Robotic surgery- The surgery has been converted into robotic surgery that can be used for
minimal complex procedures. With augmentation realization allow the surgeons to
foresee that effective or efficient difficult situation. Further discussion in the report will
have elaborated illustrations as innovative technologies (George, 2015).
 Smart inhalers- Smart halers is one of the main treatment for asthma, which is effective
for most of patients. In order to help asthma sufferings to better manage the conditions,
Bluetooth inhalers have developed that can record time and date of every dose
(QuickBooks, 2019).
 Artificial organ- These organs are designed in such a way that where it can grow within
the nutrients of the body when it becomes mandatory to replace a faulty organ
(Templeton, Petter, French, Larsen, and Pace, 2019). The capability of the artificial heart
is to supply blood and pump it, which is not rejected by body`s immune system. It can be
revolutionary that could save millions of patients depending life transplanting each year
(Chen, Zhang, and Guo, 2016).
 Financial services through digitalization- Disruptive innovation can improve the related
products to optimum consumer choice and become critical leaders while understanding
technological events, implementation of technologies, and building of the technical
proficiency and finally gain advantage through a way in managing the company (Rense,
2019). Increase in technological advancement needs not be disruptive every time as
technology changes the landscape of financial services in the rural Africa (GTconsults,
2019). Starting from the smallest fintechs and financial service providers have been