Technology is continually advancing, with scientific discoveries and engineering innovations disrupting nearly every industry.
A decade ago, concepts like AI startups working on curing diseases, biotech, and cryptocurrency lacked clear industry classification.
Today, we recognize these fields under the umbrella term “deep tech,” which distinguishes these cutting-edge phenomena. DAC.Digital is an European company is also an AI solutions provider.
What is Deep Tech?
Deep tech can help businesses to tackle many complex issues about their business as it includes many of the advanced technologies such as:
- Artificial intelligence
- Robotics
- Autonomous vehicles and delivery
- Space exploration
- Aviation
- Computer vision
- Augmented and virtual reality
- Speech recognition.
What is Artificial Intelligence (AI)?
The above highlights that AI is a prominent and broad category within Deep Tech. For instance, machine learning is a more focused area where algorithms can learn and adapt independently of exhaustive pre-programming.
These AI fields often overlap; for example, natural language processing, computer vision, and speech recognition frequently utilize machine learning techniques.
Features of Deep Tech
1) Impact
Innovations in deep tech have a revolutionary effect, frequently upending established markets or establishing whole new ones. These developments could have a big effect on towns, businesses, and people’s lives.
2) Capital
Deep tech often requires substantial upfront investment in research and development, prototyping, concept validation, and technological advancement.
This substantial commitment is essential for achieving breakthroughs and realizing the full potential of these innovations.
3) Scale and Time
Developing deep technology typically takes much longer than shallow technology, such as mobile apps and websites, to reach market readiness.
For instance, artificial intelligence took decades to develop and continues to evolve, remaining far from perfect.
Properties of Deep Tech
1) Deep Tech’s Impact on Sustainability
Deep tech is cantered on addressing significant challenges. Remarkably, 97% of deep tech companies support at least one of the SDGs established by the UN, demonstrating their commitment to addressing important and core problems.
2) Intersection of Technologies in Deep Tech
Deep tech functions in the nexus of different technological fields. For example, 66% of deep tech organizations use numerous advanced technologies, and 96% of them use at least two separate technologies.
Furthermore, patents are held by about 70% of deep tech businesses for their breakthroughs.
3) Tangible Innovations in Deep Tech
Instead of focusing on software, deep tech primarily develops tangible products. In fact, 83% of deep tech startups are creating physical items, shifting the innovation focus from data and computation to the integration of bits and atoms.
4) Broad Support for Deep Tech Development
Deep tech is being advanced by over 1,500 universities and research centres, forming a complex ecosystem.
In 2018, deep tech startups received more than 1,500 government funding grants, highlighting the extensive interest and support for this field.
Conclusion
With the help of deep tech, industries can easily tackle many complex problems. It needs a large commitment of time, money, and attention to concrete advances.
With 97% of deep tech firms contributing to sustainability goals and broad support from research institutions and government funding, it is reshaping markets and driving impactful change.