Prof. Nil Bajjio is exploring the scope of deep analytics. Technological innovation is basically associated with new product development and new process innovation, act and initiatives of launching new devices, methods or materials for commercial and practical applications. It is one of the most critical competitive drivers in many industries such as information and communication technologies, high technology manufacturing and life-science. Deep analytics explores miscellaneous issues of top technological innovations today such as dynamics of innovation, innovation strategy and implementation process; the impact of globalization of markets and advanced information and communication technologies, computer sided design, computer aided manufacturing, flexible manufacturing system, economic feasibility, economies of scale and short production run; technology life cycle, technology diffusion; social, environmental and economic effects, negative effects of technological changes; R&D fund allocation strategy; pace, advantages and disadvantages of innovation, critical success factors, causes of failure; cost optimization and differentiation. Technological innovations are essential to create new business models. But, many innovation projects fail to make profit due to various reasons such as scope creep or ill-defined scope analysis.
Figure 1.2 : Scope analytics
The first element of deep analytics is scope: How to define the goal of an emerging technology? The scope of a technology innovation project should be explored through various scientific and systematic methods such as sustainable goal setting, process mapping, critical success factors (CSF) analysis, value chain analysis, analysis of business objectives, constraints, requirements engineering, mission, vision and top-down and bottom-up approaches [Figure 1.2]. Process mapping analyzes a set of critical issues: what is as-is process? How to identify gaps of as-is process? How to innovate to-be process? What are the inputs, outputs, mechanism and constraint for each task associated with a business process? How to configure process flow diagram? The basic objective of CSF analysis is to identify a set of critical success factors through business model innovation, application domain and industry analysis.
The scope of a technology innovation project is explored based on CSFs. The basic objective of value chain analysis is to find out a set of critical parameters: what is value; it may be product differentiation, cost leadership or improved quality of services? How to define value in a technology innovation? What are the activities associated with primary and secondary value chain? Primary activities add value to a product and service directly such as manufacturing and supply chain management; secondary value chain activities (e.g. HR, Maintenance) support primary value chain activities. Top bottom approach analyzes business plans and goals of a firm, defines the basic needs of a system and explores the scope of technology innovation projects. On the other side, bottom up approach analyze as-is system, identifies gaps and explores the basic needs or scope of a project.
The scope of a technological innovation should be explored through industry analysis and also external environment and various stakeholders associated with the value chain. In this connection, Porter’s six force model is useful to assess the bargaining power of the customers and suppliers, role of compliments, threats of new entrants and substitutes and competition. The internal environment should be accessed through SWOT analysis, identification of core competencies and rigidities, dynamic capabilities, potential strength and opportunities of sustainable competitive advantages. The scope should be also explored in terms of strategic intent, vision, mission and goals from different perspectives such as process innovation, organization learning, financial performance and customer satisfaction.
The scope of technological innovations may be analyzed from the perspectives of product or process innovation, radical or incremental, architectural or component and competence enhancing or destroying innovation. Product innovations occur in the outputs of a firm as new products or services. Process innovations try to improve the efficiency of business or manufacturing process such as increase of yield or decrease of rejection rate. Component or modular innovation changes one or more components of a product. Architectural innovation changes the overall design of a system or the way the components of a system interact with each other. Radical innovation is new and different from prior solutions. Incremental innovation makes a slight change of existing product or process.
We have explored a set of innovative concepts such as technology for humanity, cancer genomics, separating chromosomes, DNA computing, large scale cheap solar electricity and photovoltaics technology, solid state batteries, synthetic cells, next generation predictive, collaborative and pervasive analytics, big data analytics, adaptive security and dynamic data protection, secure adaptive filter, secure multi- party quantum computing, smart transformers, applied AI and machine learning, deep learning, assisted transportation, Internet of Things (IoT), cloud computing and cloud streaming, Internet of bodies, Blockchain and distributed ledger technology, homomorphic encryption, crash-proof code, social indexing, gestural interfaces, social credit algorithms, advanced smart material and devices, activity security protection, virtual reality, chatbots, automated voice spam prevention, serverless computing, edge computing, real-time ray tracing, digital twins, tablets and mobile devices in enterprise management, innovative mobile applications and interfaces for a multichannel future, human computer interface, context aware computing and social media, enterprise app stores and marketplaces, in-memory computing, extreme low energy servers and strategic global sourcing.
The expert panel are defining technology for humanity and debating on its relevance today from the perspectives of sustainable development goals, global security policy and welfare, economic growth, poverty, new job opportunities, business model innovation, environmental pollution, skill development and talent management. They have selected a set of interesting and emerging technologies for the sustainability of human civilization. Some of these technologies are at emergence or birth phase of technology life-cycle: deep analytics, solar computing, adaptive security, secure adaptive filter and secure multi-party quantum computing. The other technologies are growing at moderate rate. Another objective of this session is to explore the concept of technology security, technology transition, technology classification, technology association, technology clustering, technology prediction and innovation, adoption and diffusion of technologies for humanity globally.
Scope Analytics
Agents: System analysts, business analysts, technology management consultants;
Objects / entities: sustainable smart cities, smart villages, communities, smart world, smart universe;
Moves : Critical success factors analysis, Process mapping, Value chain analysis, Requirements management;
Global security parameters: define a set of sustainable development goals.
Poverty control
Social security (HR security, decent work, religious and cultural security, gender equality, child security, women’s empowerment, peace, justice, partnership, regulatory compliance, strong institutions)
Natural disaster security (climate change, flood, drought, storm, cyclone, earthquake, volcano, snowfall, rainfall, fire, bushfire, global warming, heat wave, epidemic, astronomical hazards) (attack of wild animals, insects, paste); artificial disaster security (defense, war, act of terrorism, bioterrorism)
Responsible consumption and production (Enterprise Resource Planning, Supply Chain Management)
Industry, innovation and infrastructure (smart cities, smart villages)
Life on land (environmental pollution, conservation of resources and forest, population control)
Life below water (marine life, water pollution, global warming, oil leakage, nuclear explosion)
Technology for humanity involves integrated strategic planning, forecasting, design, optimization, operation and control of miscellaneous technological products, processes and services for the sustainability of human civilization and to understand the dynamics of technology innovation, hype, priority, capability, maturity, adoption, diffusion, infusion, transfer, life-cycle, dominant design, spillover effects, blind spots and also the value of emerging technologies for our society. How do we define ‘Technology for humanity’? In our society, there is very little discussion about what is needed to fundamentally improve our collective quality of life through fundamental rethinking and radical redesign of systems and processes. How do we evolve our societies into something more productive, more rewarding and more in harmony with our natural environment against various threats of disaster? Emerging technologies can not only improve the world in which we live, they can alter who we are as human beings and can shape and improve our quality of life. The next big tech trend is technology for humanity. It is hard to visualize a roadmap from industry, government, academia & R&D communities of what future jobs and the economy might offer to people and what society might look like. By historic measures, future predictions are mostly incorrect. We need a better balance in our thoughts in terms of fairness, correctness and rationality. There is no reason why man and machine cannot work together, with humans at the controls. There is no reason why we cannot make decent investment returns and create meaningful job opportunities through business model innovation and new technologies build communities and protect the environment from pollution. Technology for humanity is definitely about putting the human society back into technology led globalization.
2020 is the year of coming out of the hype of old, traditional, dead and obsolete technologies. Realistically, it involves the critical role of human innovators in shaping a set of emerging technologies to improve the state of humanity. Technology is an enabler, the human society need to aggressively deploy it to address the critical issues of human society globally. These are basically sustainable development goals. Global goals are a universal call to action to end poverty, protect the planet from natural disasters and environmental pollution and ensure that our society enjoy peace and prosperity through business model innovation and creating new jobs opportunities using our human and technological superpowers and imagination. It is humanity and technology working together to solve various problems, assess and mitigate risks properly. The society have to allocate and share resources (e.g. man , machine, material, method and money) rationally and optimally by trading off risk and return intelligently. The society have to learn how to make acceptable risk adjusted returns eliminating hunger and poverty, creating employment diversity at decent wages and cleaning up the planet. The society can no longer reward behaviors and outcomes that put humanity, communities and the planet in existential jeopardy. There is no point in arguing about a few % better return on capital when half of the world is underwater.
The expert panel are exploring the scope of technologies for humanity based on global security policy and a set of sustainable development goals. What is goal? There are different types of goals such as process goals (with control), performance goals and outcome goals (with least control). Can we define a rational global security policy? What should be the goals for a rational global security policy? How can we define sustainability: is it possible to meet the needs of the present society without compromising the ability of future generations to meet their own needs? What are Sustainable Development Goals (SDGs) or global goals for the sustainability of human civilization: can we protect our planet, the Earth, even this great universe by ensuring peace and prosperity and ending poverty?
Let us analyze the rationality, fairness and correctness of global security policy? What should be the vision of future world: universal respects for human rights and dignity, the rule of law and justice for equality and non-discrimination, end of hunger and improved nutrition through food security and sustainable agriculture, ensuring healthy life-style and promoting well-being for all at all ages, ensuring inclusive and equitable quality education, promotion of lifelong learning opportunities for all, gender equality and women empowerment. This goal setting demands the commitment, self-determination and trust among all nations to take necessary actions against climate change, unemployment, poverty and environmental pollution. It is crucial to maintain global security, peace, cooperation, collaboration and equality to solve economic, social, cultural and humanitarian problems. The basic objective is to define a set of universal goals that meet the urgent economic, political and environmental challenges facing our world.
Sustainable Development Goals (SDGs) are a collection of global goals to achieve a better and more sustainable future for all within a specific timeline: no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation, affordable and clean energy, decent work and economic growth, industry, innovation, and infrastructure, reducing inequality, smart cities, villages and communities, responsible consumption and production, climate action, life below water, life on land, peace, justice, strong institutions and partnerships for goals. The goals are broad based and interdependent. Is it possible to innovate a set of emerging technologies for humanity to achieve sustainable development goals and to track and visualize progress towards the goals through a set of performance indicators?