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Emerging technology strategy needs to be a core part of every company’s corporate strategy. Business executives must sort through the noise to make clear-headed decisions about the most relevant technologies that will sustain revenue growth and enhance business operations. But with the torrent of tech breakthroughs, how can you even begin to make sense of individual technologies?
To help companies focus their efforts, PwC analysed more than 150 emerging technologies to pinpoint what we call the “Essential Eight + One.” These are the technologies we believe every organisation must consider. While each company’s strategy for how to best exploit them will vary, these technologies will have the most significant global impact across industries.
Artificial intelligence (AI) is the theory and development of computer systems that exhibit human-like intelligence.
PwC’s AI Accelerator develops AI proof of concepts to complex business problems for clients. Our core capabilities:
Blockchain technology is a public distributed ledger where transactions are recorded and confirmed anonymously.
We deliver blockchain services to clients from shaping strategy to building signature solutions. Our core capabilities:
Virtual reality (VR) is a simulation of a 3D image or complete environment where a user can interact in a seemingly realistic way.
PwC can work with clients to identify and seize opportunities to invest in VR technology. Our core capabilities:
Augmented reality (AR) is the addition, or augmentation, of the physical world via a data or graphical overlay of information or visuals.
PwC can work with clients to identify and seize opportunities to invest in AR technology. Our core capabilities:
The Internet of Things (IoT) extends internet connectivity to a diverse range of devices and everyday things.
We work with clients to create and deploy IoT strategies and solutions. Our core capabilities:
Robotics is the combination of engineering and computer science to create, design, and operate mechanical devices, i.e., robots.
PwC works with clients to explore the value of robotics solutions and create and execute automation strategies. Our core capabilities:
Drones are devices that participate in flight or movement without the presence of a pilot.
PwC’s Drone Powered Solutions provides end-to-end solutions to give clients a new level of insight. Our core capabilities:
3D printing (3DP) is the process of creating a three dimensional object by successively printing layers of materials on one another until an object is formed.
PwC co-creates with clients to develop a 3DP strategy to solve complex industry challenges and helps to drive execution. Our core capabilities:
Robotic Process Automation (RPA) involves applying technology to automate workflows in order to increase productivity and efficiency.
PwC has significant experience delivering RPA solutions to our clients and a market opportunity to grow this business. Our core capabilities:
Technological disruption is not new. World history has always been shaped by technological innovations. So, why is what's happening today attracting such wide-spread attention and commentary, both from optimists who foresee a golden age of opportunity and also from those who are concerned or uncertain about what the future may mean for them?
What's different this time? More from Andrew Watkins, Technology and Disruption Leader for PwC China and Hong Kong.
In today's connected world, client facing staff are heavily reliant on mobile messaging as a communication tool to build and maintain their relationships with their clients. Client expectations on connectivity and communications has popularised the use of instant messaging apps.
Unmonitored communications via third party communication channels have expanded the compliance challenge for modern financial institutions. Regulators are beginning to take notice and explore issuing further guidance on electronic communications. PwC China’s first FinTech application gives bankers a compliant way to connect with their clients where they are, on mobile.
Mainland China and Hong Kong Digital and Technology Consulting Leader, PwC Hong Kong
Tel: +[852] 2289 1909