Emerging Technology Synthesis
Monitor, gather data and identify emerging technology trends, developments, products, services and techniques for integration. In addition, perform cost-benefit analysis and evaluation of their relevance, viability, sustainability and potential value add to the business.
Type
Functional
Competency Area
Data Analytics and Information Technology Management
Levels
Conduct research on emerging technology to support the business
Explore relevance of technologies or IT processes in use and under development in other industry sectors
Conduct research on new technologies
Assess potential of emerging technologies to address challenges or enhance processes within the organisation
Evaluate new and emerging technology and trends
Determine the suitable sources and relevant sectors or industries to explore new technologies in detail
Monitor the market to keep abreast of new technologies that will impact the financial services industry
Evaluate emerging technologies against existing business needs and infrastructure
Review market research and validate the new technologies against the organisational needs
Provide recommendations with strong rationale for the outcome of the evaluation
Communicate with external partners to obtain and explore the suitability of emerging technologies
Manage exploration, evaluation and integration of new technologies
Lead the identification and evaluation of new and emerging technologies, techniques and models
Establish internal processes and guidelines to facilitate the research on and evaluation of new technologies
Establish organisational need and selection criteria for new technologies
Articulate business considerations and parameters relating to the adoption and integration of new technologies into the organisation’s current practices
Manage collaborations with external partners to gain access to and explore emerging technologies
Establish organisational culture to synthesise and leverage new technologies
Develop an emerging technology strategy and blueprint
Harness new technologies and trends in moulding business strategy
Decipher the impact of emerging technology on the industry
Establish organisational criteria for evaluating how emerging technologies can be of value and/or be integrated into the organisation’s current practices
Synthesise different emerging technologies and trends into initiatives or products that propel business growth
Establish alliances to facilitate emerging technology exploration across organisations
Build strategic partnerships with organisations and suppliers to optimise access to new and emerging technology
Create thought leadership around emerging technologies and their impact