EMERGING TECHNOLOGY

Satvik Jain
Assistant professor
Faculty of Commerce and Management
Kalinga University
Raipur
satvik.jain@kalingauniversity.ac.in

The word “emerging technology” is often understood as a new technology and it may also be used to
describe that the current technology is constantly evolving in diverse contexts, such as in the media,
business, research, or education. These technologies are frequently those that are currently in
development, and they are typically designated for those that have or will have significant societal or
economic impacts in the near future.
In terms of copyright, trademarks, patents, royalties, and licensing, new digital technologies have
opened up new possibilities while also presenting new legal issues. For example, Copyrighted works
have been reimagined in light of the increase in digital communication and media technology. For
copyright owners and digital technology businesses alike, the federal government, the impacted
industry, and NGOs fighting for the public interest have taken (and continue to take) efforts to design
suitable safeguards and ensure legal clarity.
Emerging technologies are characterized by radical innovation (in an application even if not in
sources), rapid expansion, coherence, significant influence, and uncertainty and ambiguity. They’re all
present in emerging technologies.
In other terms, emerging technology is “a radically novel and relatively fast-growing technology
characterized by a certain degree of coherence persisting over time and with the potential to exert a
considerable impact on the socio-economic domain(s) which is observed in terms of the composition
of actors, institutions, and patterns of interactions among those, along with the associated knowledge
production processes. Its most prominent impact, however, lies in the future and so in the emergence
phase is still somewhat uncertain and ambiguous.”
Educational technology, information technology, nanotechnology, biotechnology, cognitive science,
and robotics are just a few of the emerging technologies that are changing the world. Technological
convergence between diverse systems growing towards similar aims might lead to new scientific
areas. These technologies, which were previously isolated from one another by their distinct functions
such as speech and video, are brought together in the form of converging technology.
It is important to distinguish between emerging and convergent technologies since the former refer
to domains that were previously independent but are now becoming more interconnected and
sharing common aims. However, the degree of effect, position, and economic feasibility of a number
of new and converging technologies vary widely across the industry.