How technological innovation creates transformative businesses with global reach
Hong Kong, Our generation is witnessing tremendous transformations in various fields, ranging from transportation, computer science, and life sciences to even the daily lifestyle of every individual.
There is a central driver for almost all of these transformations, that is technology.
Rani Jarkas, a successful chairman of a renowned boutique investment firm with decades of experiences in investing innovative technologies, sees technology as a key to the reformation of all kinds of industries and creation of transformative business opportunities around the globe.
“For example, back in 1995, showed its potential to be an essential tool for a doctor mostly resulting from its use for storage of patients’ data or simply for presentations in the meetings. However, advances in internet and cloud technology allowing remote and instant access has enabled the rapid spread of internet-based healthcare service models, such as remote diagnosis, remote teaching, or even long-distance operations”, said Rani.
Rani Jarkas believes Artificial intelligence, 5G, 3D printing, cloud technology, resource-efficient sustainable production and robotics will factor into the ways we currently make, manage and mend products and deliver services. Epical innovations in the life sciences industry, such as CRISPR technology, have given a bright new angle for human beings to look into ourselves and carved a revolutionary path to address illness on both macro and micro levels .
In addition, these new technologies often interconnect with each other in many ways, forming more complex but also promising business opportunities with greater potential. Cloud technology is the most crucial trend in shaping the future of a smart and connected world. It forms the foundation of the concept of the “Internet of Things”, a ubiquitous network that encompasses all smart devices in our life connected to the cloud. Furthermore, 5G serves as the key technology for access to the cloud and all of these works together, thus, we move toward an always-connected world.
However, the surging trends in innovative technologies also mean challenges. The opportunities and uncertainties will make the coming decade a critical period for tech innovations. Much like the Internet revolution started in the 1970s, there will be winners and losers, altogether pushing forward humanity into the new era.
Technology is no doubt the next engine of economic growth. But how to commercialize innovative technologies is a multibillion-dollar question that deserves entrepreneurs to think about carefully and thoroughly. Rani Jarkas expects the competition to be increasingly fierce in the future as invention and innovation of technologies will witness a greater boom, “But niche markets always exist and a great innovative technology will survive.”