Excerpts from Convocation address at B.S. Abdur Rehman University, Chennai on Nov, 20 2016 and Dr. V. K . Saraswat, Member NitiAayog and published in University News, Association of Indian Universities, Dec 19 – 25, 2016.
Pre Scouter, a futurologist developed a report which showed that there are nine disruptive technologies that provide to revolutionize the world as we know it. These are:
- Big Data
- Automation and Artificial Intelligence
- Internet of Things, IOT
- Micro Electro Mechanical Systems MEMS
- Nano – Materials
- Bio Technology
- Tera – Hertz Imaging & Communication
- Advanced Energy Systems (Production and Storage)
- 3 D Printing
He predicts “Big Data” will be a $50 billion industry by 2017. Many industries and organizations have already started using this. Automation and AI is starting to get introduced in consumer goods and this is already a $205 billion industry. He believes that by 2022 there will be a network of 50 billion connected objects as IOT and this would contribute a whopping $2 Trillion.
MEMS sensors and actuating devicesare important building blocks of cyber-physical system. Miniaturised devices are already transforming the medical world as well as industrial diagnostics,Nano materials are revolutionizing the sensors, structures, electronics, etc. The market is more than $25 billion.
Biotechnology is revolutionizing agriculture. Biotechnology has advanced to such a point, that crops are able to be developed that are drought – resistant and have better vitamin content and salinity tolerance. This technology will make highest impact on Second Green Revolution to get rid of the problem of hunger in the world. The market already exceeds $80billion per year. Tera Hertz imaging; extends sensory capabilities by moving beyond the realm of human body. Communication in this frequency range will provide very high bandwidth for transmission of zeta bits/s data.
Advanced energy storage and generation is the need of the hour for ever expanding population of world, which has been expanding needs of energy. Besides newer battery technology, green energy producing systems (solar wind, ocean, bio, hydrogen etc.). Cold fusion power may become a reality. 3D printing is making tremendous strides and contributing to smart and advanced manufacturing of products using different materials viz..polymers, metals, ceramics, tissues, etc., at low cost and without wastage of material. It is already a $20 billion market and growing at 35% each year.