Leading edge

• Overall

  The most innovative or advanced technology that is currently available

  Risky because the technology is new and therefore not mainstream

  Improves the efficiency of production process → products can be manufactured and delivered to the market faster and at a lower cost

  Reduces error and waste in production → reduced cost

  Helps create high-quality and leading edge products → gives business a competitive advantage

  For example, Tesla electric car → reduce carbon emissions and cost