Top 10 latest Technological Innovations for Organizations

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Innovation,

POSTED

February 18, 2021

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. 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 - 

 

  • 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.

 

  • 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.

 

  • 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.

 

  • 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. 

 

  • 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.

 

  • Management Reporting Systems

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.

 

  • Virtual Reality

VR models could present a design to the customers in an organization in place of complex 3D models that are very expensive. It is more appealing and cheaper as well.

 

  • Virtual Assistants

Voice assistant is a good initiative to be introduced in an organization. It performs small tasks such as calculations, setup of appointments, placing of orders, and it shares the load of the tasks.

 

  • 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.

 

  • Remote collaboration 

Due to the presence of internet and logistics, businesses can have access to talents and human resources outside their countries. With remote collaboration software, an organization could make a global team at ease. It reduces travel costs of hiring experts across the world and enables business beyond physical limitations.

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.

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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    The MIT Group of Institutions pioneered the revolutionary extension of higher training in Maharashtra. MIT Pune contributed to bringing high-quality education to every student who aspired to train under excellent faculty. With 32 years of expertise, the MIT Group now includes 64 institutions, more than 6,500 teaching and non-teaching professionals, and more than 12 sites across Maharashtra to meet the educational requirements of more than 50000 thousand students.

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    An insight on the curriculum of the courses

    The institution intends to conduct hands-on initiatives aimed at offering comprehensive solutions. They offer an 'immersion' interface that allows for engagement with important companies and professional associations, making them one of the top innovation courses in India. The programme also assures demanding projects that cover a wide range of topics pertinent to our day. Students have the option of selecting themes from a variety of topics based on their interests and skills.
    Students will participate in faculty-led initiatives encompassing human-centred design, business administration, virtual and analogue design and development, effects analysis, technological possibilities, and scientific research & innovation throughout a half-year. The students will lead a 20-week major project to apply what they've learned and create a powerful, effective, and unique solution. Students participate in various learning activities, including taught courses, seminars, training courses, seminars, research excursions, and, most significantly, projects, throughout 50 weeks in the MIT ID program.
    The moment of rupture, which allows students to explore their true creativity and regularly assess their learning and development in the programme, is an important part of the curriculum. Immersions are designed to help students get insight into technology options for creating a concept a reality, about the individual and communities for whom they are creating, and about recognizing their capacity to make the difference they want to create.

    How does the curriculum of MIT ID benefit students?

    Under the direction of seasoned academia and industry specialists, one of the top innovation courses in India is designed by a group of young and energetic inventors and designers. The curriculum is provided through a series of challenging projects that are constantly supported and supervised by industry professionals and academics.

    Change your mindset about innovation

    This session will introduce the notion that innovation is a creative process that necessitates a change from a traditional mentality to one of experimenting and understanding through doing.

    Dashlessdash

    An initial program that allows students to collaborate with each other in the design thinking courses in India to develop a viable commercial, design, or technological solution, allowing them to relearn what they already know and apply a comprehensive methodology to innovation.

    Human-centered innovation

    Students will collaborate with a range of groups and institutions that work directly on social issues in order to offer meaningful solutions that address the pain points of the people for whom they are creating. This will conclude with an invention pitch in the form of a corporate presentation.

    4.0 World

    Learners will anticipate their visions of a futuristic society by charting geopolitical, financial, cultural, and technical trends and extrapolating human interactions, goods, and activities in each. They'd then propose solutions using a variety of mediums.

    Creating with digits

    This course focuses on virtual and analogue product design and development, culminating in demonstrations and a display. Students will develop sturdy prototypes to illustrate their ideas influenced by brand principles and new technology with the best design thinking courses in India.

    Significant undertaking

    Students will spend the second quarter of their VIF experience engaging alone or in groups of two to come up with a compelling large project that combines what they've learned so far in a disciplined structure to produce a comprehensive innovation.

    Courses offered in MIT ID Innovation

    PG Diploma in Innovation equivalent to MBA in Innovation

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    User Experience Design Course

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    Conclusion

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