CEO Blog

Nanotechnology: Revolutionizing the future of technology

Hisham Farouk Hisham Farouk

 

Businesses today have entered a revolutionary era served by technology and driven by innovation. Whether its supercomputers, internet or smart systems; technology has never failed to surprise and prove itself. The next great leap to innovating the future is Nanotechnology. Nanotechnology is science, engineering, and technology conducted at the nanoscale, which is approximately 1 to 100 nanometers

Nanoscience and nanotechnology are the study and application of tremendously small things and can be used across all other scientific fields, such as engineering. However, we will explore how this innovative technology can and will impact the professional services industry in years to come. 

Technological innovation has developed immensely over the years with the word ‘computer’ first being recorded in the 17th century. Access to information and the world has heightened as an outcome of technology; as a result the world has converted to a digital environment. In 2014, it was reported that 3 billion people around the world have access to the internet, with the top three countries being China, the United States and India.                                            

Becoming a digitally consumed world, scientists have begun to further study the notion of nanotechnology which has led to some insightful findings that have the potential to revolutionize technology, digital, our lives and to some extent the world. When exploring the benefits of nanotechnology, it is evident to see that this will create a model which focuses less on manpower and more on robotic science. 

Nanotechnology will make the biggest difference to medical science, with robots set to perform some of the most complicated surgical procedures without leaving a mark. But how will this impact our profession and what will the future look like? 

A report by Gartner predicts that virtual personal assistant usage in businesses will grow rapidly in 2017 and 2018 than iPad usage in 2010 and 2011. This will be as a result of smart machines which will upend the majority of knowledge and exploit machine learning and communication. This alone will impact the profession, with knowledge machines soon taking on the world of data and translation; it will eventually begin to automate roles and processes within our industry such as potentially given personalized financial statements, advising you on solutions to your business problems, given you access to the future and transforming the way in which we do business. Leading some to question, whether soon technology could be overtaken by robotic knowledge pools that were once a product of technology itself. 

Nanotechnology has the potential to have a positive effect on the business environment. For instance, scientists could program nanorobots to rebuild the way we do business. In other industries, our dependence on non-renewable resources would diminish with nanotechnology as D.G. Rickerbya and M. Morrison state. Cutting down trees, mining coal or drilling for oil may no longer be necessary, nanomachines could produce those resources which would impact industries and oil dominated countries. 

Many nanotechnology experts feel that this technological revolution is outside the realm of possibility, at least for the foreseeable future. They state that the more innovative applications are only theoretical. Some worry that nanotechnology will end up like an imaginative reality - in other words, the excitement surrounding nanotechnology will continue to build until the boundaries of the field become public knowledge, and then curiosity along with funding will quickly disperse and personally, I couldn’t agree more.