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Image of robot thinking with mathematical problems on a board behind them.
Figure 10.1 Robotics and their growing ability to process large volumes of data remain central to discussions on emerging technologies. (credit: modification of work “Artificial Intelligence & AI & Machine Learning – 30212411048” by https://www.vpnsrus.com/Wikimedia Commons, CC BY 2.0)

Innovation can be defined as applying a new process or concept to an existing technology to add value, enhance its capabilities, improve efficiency, or address unmet needs. Innovation is continually applied to technology, resulting in emerging technologies that create opportunities, challenges, and risks. Ultimately, these technologies can significantly impact individuals and organizations.

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