What Do Emerging Technologies Mean for Economic Development?

Author(s):  
Dirk Meissner ◽  
Leonid Gokhberg ◽  
Ozcan Saritas
2020 ◽  
Vol 1 (2) ◽  

Manufacturing is the way of transforming resources into products or goods which are required to cater to the needs of the society. It constitutes the foundation of any nation’s economic development. This paper reviews emerging technologies in manufacturing. These technologies include artificial intelligence, smart manufacturing, robotics, automation, 3D printing, nanotechnology, industrial Internet of things, and augmented reality. The use of these technologies will have a profound impact on the manufacturing industry. They have the potential to transform manufacturing as we know it. They should be at the core of any manufacturing upgrading effort.


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