The Internet of Things and 3D printing are among the latest technologies that are set to change the way you do business, new research finds.
In addition to these two technologies, the cloud, mobile devices, biotech and health care IT, analytics, autotech and artificial intelligence will change industries and enable new business models in the coming years, according to a study from audit, tax and advisory firm KPMG.
In fact, the interplay of these emerging technologies is fueling innovation in many industries, said Gary Matuszak, global chairman of KPMG's technology, media and telecommunications practice.
"Leaders across industries need to nail the right strategy to outpace existing and new competitors to a much higher degree than in the past," Matuszak said in statement. "Tech innovation creates an opportunity to drive incremental customer value and monetize new business models resulting from disruptive technologies."
The growth of these emerging technologies shows that global executives are using mobile technologies and mobile applications as an engine of growth and profitability, said Brad Fisher, KPMG's U.S. data and analytics leader.
"The vast increase in the amount of data coming from mobile devices is driving the development of advanced analytics applications," Fisher said. "And, in turn, the growth in analytics is driving mobile developers to provide new, enhanced solutions that provide new types of data."
This new virtuous circle is powering the growth of businesses, Fisher added.
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