Determining if a new technology is novel really takes

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Case Study: "Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. These technologies can help companies create powerful transformations to drive revenue and outshine the competition. Combining the insights of business leaders with the technical expertise of the CIO leads to synergistic decision-making that differentiates organizations and brings prized marketplace disruption." (Laliberte & Entwhistle, 2022).

New technologies can be used in a variety of ways to help improve company processes, assist with problem solving, and help with risk management. This can be accomplished if the new technology can help in any of the following ways: automate processes where financially feasible, leverage data to make better business decisions and enable personalized customer experiences, visualize data and analytics to drive great insights, create new capabilities through innovative thinking, or address gaps in resources and skillsets to ensure that anticipated value is achieved through transformation.

Question: Ultimately every new technology must first be evaluated to determine if it is either useful or novel. If it is novel, then the new technology will be discarded. Determining if a new technology is novel really takes conducting a return-on-investment analysis.

 

Reference no: EM133518210

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