Technological Innovation - MITID Innovation
                     Top 10 Latest 
Technological 
Innovations for 
Organizations
MITID Innovation
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 System
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.
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.
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!
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 Management Courses.
We’d love to 
hear
from you.
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