Recent innovations in the scientific and technical sectors
It’s no secret that technology evolves at a pace that many of us simply cannot keep up with. Every day there seem to be new breakthroughs, developments, and technological innovations in the world of science and technology. These are generally transforming the way business is conducted on a day-to-day basis. They also allow innovators and ambitious entrepreneurs to try things that had never been considered before.
Having closed out another fast-moving year, we’re taking the opportunity to review some of the latest innovations we’ve seen. Many of these have helped to revolutionise our lives and have made new businesses possible. Here are our top five innovations in recent months.
One of the most talked about technological developments of the year has to be practical augmented reality. Not only has it revolutionised mobile gaming, but the proliferation of microdisplays for AR will also see wearable technology become a staple accessory in the years to come. This will therefore give individuals access to a new avenue of data in front of their very eyes.
The advent of chatbots has revolutionised online customer service. It’s given back a shedload of internal resource to companies that have previously found reaching out to customers incredibly time-consuming. The intelligence of chatbots has also helped online businesses improve their customer experiences. They’ve been able to learn and analyse customer responses to help provide improved answers for the future.
Smart light bulbs
Smart light bulbs utilise LED technology to offer homeowners a lighting system that is both controllable and energy efficient. Every bulb is fitted with a module that can be connected to mobile devices via Bluetooth or Wi-Fi, therefore allowing homeowners to control the illumination of their smart light bulbs, from basic on/off functionality to the actual colour of the light emitted.
Thanks to serverless computing, developers don’t have to worry about deploying and hosting their new applications. Launching new applications has become cheaper and more efficient with serverless computing allowing service providers to focus on delivering value to users without worrying about scaling-up their applications.
Artificial intelligence-based deep learning could rival the other four innovations as the most influential technological development in recent times. Computers that can learn by simply analysing data – without a human having to notify the algorithm to identify the most important variables – is transformative. This unsupervised learning could radicalise the way computers operate for businesses in the coming decade.
If your organisation is exploring new ways of improving the efficiency or productivity of everyday life, you could be eligible to claim for research and development (R&D) tax relief.
The UK government has ring-fenced tens of millions of pounds to provide tax reliefs to innovative businesses investing resources in advancing their respective industries.
Can Kene Partners help your business with Innovation Incentives?
Arrange a free consultation with our team of experienced and approachable tax incentive advisors today. At Kene Partners, our mission is to help innovative companies access millions of pounds of government money set aside to foster innovation. Your business could be next.