HOME >> BIOLOGY >> NEWS
Convergent technologies: Is your company ready for the future?

SAN ANTONIO --August 27, 2002--The convergence of nanotechnology, biotechnology, information technology, and cognitive science will have a substantial impact on companies and markets in the future. Though technology convergence is still only a concept, it is already beginning to define the global marketplace.

Technologies such as connections between the brain and machines, wearable health monitors, smart houses made of environment-sensitive materials are not science fiction anymore, but are scientifically feasible.

It is very likely that these technologies will emerge in the next 20 years. Some convergent technologies are already hitting the marketplace. Among these are optical microelectromechanical systems (MEMS), the subject of a multi-client report soon available from Technical Insights.

However, the key question is whether technology developers want to devote their resources to the technologies that are further in the future. Corporate and political strategy as well as public preferences will determine the course of convergent technology.

Convergence promises to transform existing technologies into lucrative commercial endeavors and many companies are investing heavily in research and development (R&D). Technical Insights' Inside R&D subscription service examines the National Science Foundation's view on converging technologies in its monthly column on Managing Innovations.

Further, the annual survey by Inside R&D reveals that the top 100 U.S. companies have spent more than $124 billion on R&D in 2001, up 16.2 percent from the previous year. Companies in the pharmaceuticals, automotive, and telecommunications sectors have made the largest investments.

"Business and industry are already beginning to restructure themselves as network-based organizations follow fundamentally new management principles," states Techincal Insights Analyst Charles Joslin.

Industries of the future will use engineered biologica
'"/>

Contact: Julia Rowell
jrowell@frost.com
210-247-3870
Technical Insights
27-Aug-2002


Page: 1 2

Related biology news :

1. Yale digital diagnostic technology is basis of new company, HistoRx Inc.
2. Light Biology, a biotech company based on UT Southwestern technology, bought by NimbleGen Systems
3. Worlds leading mad cow diagnostic company, responds to USDAs additional BSE protection measures
4. First company founded on UCF biotechnology formed
5. Purdue Research Park company makes melt-in-your-mouth meds
6. New Knox company has big plans for ORNL technology
7. ViaCell Inc., the worlds largest umbilical cord blood research and banking company comments on Bush administrations decision
8. Intercure Scientific Advisory Board convenes to review companys resperate medical device for hypertension
9. New spinoff company uses novel method to target drugs
10. "All my friends dream of artificial limbs": US, Russian nuclear labs work with prosthetics company to develop replacement knee
11. Technology already exists to stabilize global warming

Post Your Comments:
*Name:
*Comment:
*Email:


(Date:8/7/2020)... ... August 06, 2020 , ... ... is pleased to announce that Eric Chen and Jessica Wong have joined the ... Management & Strategy, respectively. , Eric Chen heads development efforts for Alucio’s flagship ...
(Date:8/3/2020)... , ... August 03, 2020 , ... ... announced a new partnership with medical equipment manufacturer, Spectrum Solutions, to provide COVID-19 ... to strengthen their laboratory supply chain for more than 10 years. Early in ...
(Date:7/22/2020)... ... July 21, 2020 , ... USDM Life Sciences ... compliance, announces a new solution to manage regulated workloads on Microsoft Azure. , ... technology stack complies with FDA and global regulations. USDM's new managed service for ...
Breaking Biology News(10 mins):
(Date:8/12/2020)... ... August 11, 2020 , ... ... expand the Facioscapulohumeral Muscular Dystrophy Clinical Trial Research Network (FSHD CTRN), ... The network is a consortium of academic research centers in the United States ...
(Date:8/3/2020)... ... 2020 , ... Introducing Ardent Animal Health – MediVet Biologics rebrands company and ... Known as MediVet Biologics since its formation in 2016, the company is relaunching itself ... will build on its base of innovative therapies for osteoarthritis and cancer. ...
(Date:7/31/2020)... (PRWEB) , ... July 29, 2020 , ... ... and Catalent, the leading global provider of advanced delivery technologies, development, and manufacturing ... announced that they have entered into a strategic partnership whereby Catalent will provide ...
(Date:7/18/2020)... , ... July 16, 2020 , ... After research model ... completion of a great surgery is only the beginning of a successful study, while ... community. , Join Brad Gien, Global Head of Surgery from Envigo in ...
Breaking Biology Technology:
Cached News: