Innovative Technologies - MITID Innovation
                     10 Innovative 
Technologies 
With Potential 
Impact on 
Business/ 
Organization
Since 2018, the world has grown up in 
terms of innovation and 
technology.  Digital innovation is 
trending, which helps to grow from offline 
to online business market. More than 
50% of businesses are now regulated 
and managed online by using 47% of 
Artificial intelligence technology. 
Also, many new web technologies are 
getting developed every day, so keeping it 
up with the evolving technologies and 
channelizing it for boost is essential. 
Discussed below are the top innovative 
technologies that will impact the business 
and will help in growth and expansion.
Artificial Intelligence
These days AI – Artificial intelligence 
technology, used in most businesses for 
security purposes and makes work easy. 
Today in more than 47% of online 
companies, AI applications are being used. 
From forecasting consumer behavior to 
giving customer service via chatbots, 
enabling personalized advertising.
5G Networks
While setting an online business, the 
primary need is a network. With 5G 
coming into the picture, access to the 
online business will become fast and 
efficient. It will also increase the 
probability of hiring remote talent, 
enhancing business efficiency. 
Applications and 
S20o20f wtaws a rorllercoaster year; things 
were uncertain. Due to the pandemic, 
operated the business online. IT experts 
developed several applications and 
software to control business remotely. 
Private companies made their personal 
business applications that are helpful in 
2021. 
Wearable Technology
Wearable technology like clothes, watches, 
glasses is trending and has a great future 
in business. Wearable technology will scale 
down the non-productive activities from a 
business perspective, making employees 
more focused and efficient. 
Digital Assistance
Digital assistants enable a business to 
focus on crucial matters by taking over the 
routine jobs without compromising the 
customer experience. There is no scope of 
mistakes from these smart assistants, and 
they can also give reminders for future 
events. With digital assistants, a 
personalized customer handling experience 
can be offered to lots of people at the same 
time. 
Virtual Reality
Virtual reality is an improved digital 
innovation that helps to feel reality through 
the latest innovation and technology. Today 
around 46% of people use this technology to 
grow their business. It gives them the 
excellent quality experience of manually 
controlled computer reality.
Machine Learning
Machine learning is the branch of science, 
mainly artificial intelligence, which helps in 
providing business insights, accurate 
reports, competitive analysis, and market 
trends,
Chatbots
Different virtual assistants like Amazon 
Alexa, Google Home, etc., are part of 
Chatbots. These are human- questioned 
specialized technology that helps people to 
get voice or chat answers digitally. It 
assures better Customer engagement and 
service by monitoring the consumer's data. 
It also helps in lead generation, making it 
easy to approach to target potential 
markets.
These are some of the top Innovative 
Technologies Innovation with Potential 
Impact on Business/Organization that will 
help in growth and expansion of your 
Business.
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 Courses.
We’d love to 
hear
from you.
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