INVEST IN INNOVATION
Blockchain technology was originally developed for the cryptographic currency Bitcoin. The functional principle of blockchain is based on assigning a timestamp to information in the form of blocks and adding them to the existing blockchain. This continuous chain of information on all past transactions is shared publicly and is thus tamper-proof (Yli-Huumo et al. 2016).
Drones, also called unmanned aerial vehicles, are aircraft which operate without a human crew on board. They are either controlled from the ground or perform actions autonomously. They range in size from a few millimeters to several meters. Most drones are equipped with a camera, although increasingly smaller and lighter sensors are making new applications possible (Dharmawan et al. 2016; Klemas 2015). Furthermore, they also benefit from advances in robotics, artificial intelligence, and autonomous driving.
Big data refers to the use of forecast analyses or other advanced methods of utilizing data. Challenges include the analysis, searching, collection, storage, visualization, transmission and security of the data. In many cases, big data is characterized using the “5 Vs”: Variety refers to the different kinds of data, velocity to the creation rate and processing speed, volume to the large amount of data, veracity to the reliability of the data, and value addresses its economic use.
Augmented reality describes a collection of technologies with which virtual information is seamlessly projected into the real world in order to augment natural perception. This is often visual information, such as advanced data or overlays for certain objects. However, acoustic information is possible as well.
3D printing is the process of producing complex three-dimensional shapes from digital images. The materials used range from plastic and metal to living cells, and are generally deposited in layers to create the desired shape. 3D printing is frequently used for the development of prototypes due to the high degree of flexibility and the relatively low costs.
The aim of cybersecurity is to protect devices, networks, programs, and data against unauthorized access, tampering, and destruction. This challenge has already existed for a long time but is growing in importance because an increasing number of devices with a growing range of functions are being networked as part of the Internet of Things and intelligent vehicles.