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Strategies to address the problem in emerging technology.

Understanding technology-Creativity always allows an organization to use emerging and new technologies to develop a new competitive advantage over other similar companies. Emerging technologies can be termed a component in new solution building. This is a new technological innovation that addresses a particular problem in a company, and its main objective is to help the company succeed and have a competitive advantage. This initiative can involve the convergence of technology that moves the previous areas in the same direction and puts together the new technologies that have recently been developed or are in development (Schäfer,2021). New technology is a self-explanatory term. However, emerging technologies do not always become disruptive. The emerging technologies will at long last become part of technology history. The practical application development is mainly unrealized when they come up figuratively from non-existence or dark background.

Managing the emerging technologies-Although there isn’t always a clear link between an issue and an emerging technology, these technologies constitute an expanding toolbox of problem-solving options. However, because new technologies are more of a component of a solution than a standalone solution, it is worthwhile to assess each technology to learn about its capabilities and shortcomings. The main idea is that managing new technologies can entail more than just maintaining core systems and IT platforms. To address the needs of new technologies and their influence on the business, technology management must provide the capacity to support technology implementation and enhanced decision-making. Organizations can plan for the future and stay competitive by identifying developing technology management requirements.

Digital planning-As a result, there are a variety of new technologies that executives and managers must be familiar with to lead a transition successfully. To identify new technology management requirements, which will be in front of us in the next ten years, it’s helpful to look at the current approach to technology prediction. Managers should be aware of the best strategies for attracting and retaining personnel with new technology abilities and put them into effect. There is a reasonable probability that technology management concerns will be detrimental to the company’s future if a team cannot take stock of business operations and managers do not know how, where, or what to consider about the potential of new technologies.

Steps to implement a solution.

Emerging technologies that will solve companies’ problems are to be investigated. Solving problems and inefficiency is the goal of implementing new technology in a company. When challenges arise, you’ll automatically look for solutions. All options should be investigated. After finding out the best technology solution, inform your employees about it and let them understand that you are considering new technology. Be ready to inform them how it will solve the emerging problems. Always ensure that initially identified the emerging technology solves problems.

After deciding on new technology, an implementation team should be formed to promote it. The group formed should be responsible for managing conflict, ensuring the project is allocated enough resources and keeping an eye on the administrative details.

A trial program should be rolled out to sight any arising problems and gain buy-in. After the trial program is done, get to implementation is training, installation, and setup, which is the final stage(Sjödin,2018).

Training on utilizing the new technology should be done for employees. Emerging technologies are difficult to understand; therefore, it requires extensive training of employees.

Start using the new technology and make it match your needs.

REFERENCES

Schäfer, F., Projer, S., & Wortmann, F. (2021). Navigating Companies through the Jungle of Emerging Digital Technology Strategies. In ISPIM Conference Proceedings (pp. 1-22). The International Society for Professional Innovation Management (ISPIM).

Sjödin, D. R., Parida, V., Leksell, M., & Petrovic, A. (2018). Smart Factory Implementation and Process Innovation: A Preliminary Maturity Model for Leveraging Digitalization in Manufacturing Moving to smart factories presents specific challenges that can be addressed through a structured approach focused on people, processes, and technologies. Research-Technology Management, 61(5), 22-31.