Emerging Technologies
by Kevin Coleman
UPDATED MAY 2020 - This blog will appear monthly from now on. Today, all organizations depend on technological innovation in order to sustain their existence. Analysis of emerging technologies and identification of those technologies with the greatest potential is essential to being prepared for upcoming projects. The objective of this blog is to establish future oriented technology analysis and insights. This blog was established to provide program and project managers with information about these emerging technologies. These emerging technologies have far reaching repercussions for program and project managers. This blog will jump-start the learning process and allow program and project managers to become proactive.
Recent Posts
A brief introduction to Emerging Technologies
The erosion of conventional wisdom
WARNING: 2 Significant Cyber Threats
On the edge or in the clouds
Biology + Math = BioInformatics
Categories
3D Printer,
3D Printing,
3D printing,
5G,
Advanced Technology,
AI Poll,
Analytics,
AR,
Artificial Intelligence,
Augmented Reality,
Auto,
auto industry,
Automation,
Autonomous,
autonomous systems,
Award,
Awareness,
Battery Technology,
Big Data,
Biotech,
Blockchain,
blockchain,
Board,
Business,
business,
Challenge,
change,
Change Management,
circuits,
cloud computing,
Cognition,
Cognitive,
Communications Management,
competition,
Conductive Paint,
Confrontation,
Connected,
Connected car,
Connected Cars,
connected cars,
Connected vehicles,
Continuing professional education,
Cryptocurrencies,
cryptocurrencies,
Cryptocurrencies. National Security Strategy,
Cryptocurrency,
cyber attack,
Cyber Security,
cyber security,
Cyber Threats,
Data,
Data Breach,
Deep LEdger Technology,
Digital,
digital,
Digital Money,
digital money,
Digital Platform,
digital Transformation,
DIsruption,
Disruption,
disruption,
Drones,
drones,
edge computing,
Education,
Electronics,
electronics,
emerging,
Emerging Technologies,
Emerging technologies,
emerging Technologies,
emerging technologies,
Emerging Technology,
Emerging technology,
emerging Technology,
emerging technology,
Emergng technology,
Energy Storage,
Evolution,
Executive,
Executives,
flexible circuit boards,
Future,
future,
Gesture Technology,
Global Technology Leadership,
HA,
Hacked,
Hacking,
Happening Now,
happening now,
Healthcare,
Human Augmentation,
Human Trafficking,
Imagery,
Impact,
impact,
Implications,
implications,
increasing projects,
Industrial Revolution,
Industries,
industry,
Innovation,
Intelligence,
Internet,
Internet of Things,
IoT,
IP intellectual property,
IP Theft Theft,
job loss,
Keynote,
knowledge,
knowledge management,
LIDAR,
Machine Learning,
machine learning,
Manufacturing,
ML,
nanotechnology,
Netscape,
New Horizons,
Pandemic,
PM,
PM team changes,
Poll,
Presentations,
Production,
Professional Opinion,
Project and Program Management Cyber Security webinar follow-up,
Project Management,
Project Management Professionalism,
Quantum,
quantum,
Quantum Battery,
Quantum Computing,
quantum computing,
Quantum Encryption,
Quantum Internet,
Quantum Network,
Quantum Technology,
Quantum Technology Emerging Technology,
Ransomware Cyber attack,
Reconfigurable Computing,
risks,
Robot,
robot,
Robotics,
robotics,
Robots,
Sabotage,
security,
Self-Driving,
Sensor technologies,
sensors,
Singularity,
Skills,
skills,
SMART,
Smart Building,
Smart Cars,
smart cars,
Smart City,
Smart Homes,
Smart House,
SMART systems,
Smart technology,
smart vehicles,
smartphone,
Social Media,
Social Responsibility,
Society,
Space Exploration,
Speaking,
Strategic,
strategic,
Strategic Planning,
strategic Planning,
Strategy,
strategy,
systems,
Technology,
technology,
Technology addiction,
Technology budgets,
Technology Dependence,
Technology Sea-Change,
Transformation,
transformation,
Ubiquitous Connectivity,
User Interface,
Vehicle,
virtual currency,
virtual money,
virtual nation-state,
Virtual Reality,
Virtual Work,
Virus,
Voice Commands,
VR,
vulnerability,
Warning,
Wearable,
wearable,
Wearable technollogy,
wearable technology,
wearables,
Wearables. Wearable Technology,
Web Site Problems,
Webinars,
Work at Home
Date
| 5G growth hits the brakes
Technology advancement is in continuous motion these days. One of the technologies currently in motion is 5G. 5G stands to create new opportunities for organizations to interact differently across their stakeholder communities. MarketWatch recently reported that the global 5G Infrastructure Market back in 2016 had a value of $0.56 billion – that is not much at all. Currently it is projected to grow at a compound annual growth rate (CAGR) of just over 51% through 2025. That means it is currently projected to reach an incredible $22.93 billion USD by 2025. Once again, that is a very aggressive growth projection given a significant problem that is currently being experienced!
INSIGHT: In a recent poll, a mere 13.6 percent of respondents believed 5G was the technology innovation that would have the greatest impact in the next 3 to 5 years!
In January 2020, the U.S. Senate held a hearing with authorities in 5G. Once again, a common issue in emerging technology came up and was discussed. The shortage of properly skilled workers is, and will, inhibit the progress of changing / installing the infrastructure needed to support 5G. Fiber technicians, trench technicians, tower technicians and many more job titles were discussed. One metric that was given was the current 'tower climber' workforce is around 21,000. They estimate another 20,000 tower climbers are needed to support the transition to 5G.
During their discussion they stated that some training programs are in place and others are in the pipeline while additional programs are under consideration. However, some programs are having trouble attracting people to enroll and take the courses! Once completed, the individuals are tested and if they pass, they are certified to perform a certain role, it's functions and job tasks. Where will all those workers come from given the U.S. has the lowest unemployment rate in about 50 years? How will we get the training delivered and get them certified to perform this work? How long will this take? How much will this delay 5G?
Note: One individual that testified stated, additional skills are necessary for these individuals even once they graduate and received the certification (card).
This problem is so profound, companies are beginning to go back into the high schools to recruit, offer scholarships and even working - apprenticeships to try and overcome the problem. The availability of properly skilled workers is a common and growing issue in all emerging technologies. There is no easy, quick reactive answer. Some large organizations are beginning to examine creating their own college/university as a benefit they offer to attract workers right out of high school and to provide reskilling of their existing workers.
Additional information about the Talent issue - LINK: https://www.projectmanagement.com/articles/610748/The-Talent-Dilemma--Dealing-With-Departure-Disruption-5G
|
Posted on: February 12, 2020 08:57 PM
|
Permalink |
Comments (9)
|
"If you pick up a starving dog and make him prosperous, he will not bite you. This is the principal difference between a dog and a man."
- Mark Twain
|
