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Wednesday, May 12, 2021

Innovative Technology That is Changing Businesses

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Technology has always driven business to some extent, but perhaps in the modern age, these changes have never before come so thick and fast. No matter what type of company you run or want to set up in the future, it needs to have a close link with technology to ensure that you stay on top of your game and one step ahead of your competitors at all times. In the following blog post, we will be taking a sweeping view of innovative technology that is boosting and driving business in the modern age.

Design and Printing Software

From interior design to architecture, the ability to show your clients a mock-up of the finished product can prove to be invaluable in making the sale. In days gone by, they would have been forced to use their imagination or what you could draw with a pen and paper. 2D floor plan software has become more advanced and quicker than ever to help address this particular problem. As well as this, the advent of 3D printing can prove to be beneficial in so many other areas. These days, you can create a design prototype in a matter of minutes yourself – rather than needing to rely on a third-party and wait for a significant length of time.

5G Networks

There has been a lot of talk and debate about 5G networks over the past couple of years, but the rollout is happening, and this is going to have a big impact on businesses and the speed at which things are done. The main advantages of 5G network technology include quicker connectivity using lower latencies and power consumption. This is likely to form a cornerstone of the development of a host of other areas, including virtual reality, smart homes, and the internet of things. So, there is no doubt that businesses both large and small need to embrace this tech as it becomes readily available, which is happening more quickly than ever before.

Mainstream Blockchain Apps

The idea of blockchain and cryptocurrency was once seen as a fringe project, but it is an area that looks set to disrupt the financial services sector massively. Obviously, this can have far-reaching impacts on all sorts of businesses. For this reason, it is worth looking into the ways in which you can bring new payment methods into your business. At the very least, you should read up on blockchain and seek out some third-party advice. In the world of business, knowledge is certainly power in so many different ways.

Automated Customer Service

When people get in touch with companies these days, they are looking for quicker and quicker response times to get their queries solves at the touch of a button. While human customer support teams still have their role to play at the moment, there is an increased focus on the world of live chat. Plus, many of the more prominent companies are looking into automated customer service and how this can play a role in their business. A big percentage of customer inquiries can be dealt with by bots. When all the avenues have been exhausted, they can then be transferred to a real-life agent, who will have a summary of what has been discussed already and will be in the best possible position to solve the issue in the most efficient way. This way, the turnover of customers can be put into warp speed.

Augmented Reality

There seems to be little doubt that virtual reality is going to be the next big thing in the world of gaming. The advancement in headset technology is startling to see. However, augmented technology is going to be useful in a host of other areas. Retail is just one of them, and it looks set to have an intimate relationship with smartphones. Images are going to be rendered much more realistic. People are going to be able to ‘view’ products virtually and even try them out – or a virtual version of them. Therefore, if you work in the retail sector, this is certainly a trend that is worth keeping on top of.

Wearable Technology

While many of us carry our phones with us at all times, there looks set to be an even greater connection between person and technology. This will be facilitated by the widespread use of wearable tech, such as watches, earbuds, glasses, and even smart clothes. Ultimately, this is going to have a big impact on our relationship with technology and the ways in which we interact with it.

Optimized Communication

2020 was a year in which many people were kept distant, and there was a huge reliance on videoconferencing and other such software. Just look at the huge spike in Zoom shares. Companies are falling over each other to work out ways to help people better interact with one another. Humans still seek out connections, and they want tech to support this rather than hinder it.

AI-Enabled Platforms

Artificial intelligence is undoubtedly here to stay, and it looks set to be the case that more and more platforms will become AI-enabled in the future. The idea is that time-consuming and repetitive tasks will be taken away from employees, leaving them to focus on the more creative and ‘human’ element of their jobs.

Much of this innovative technology is already changing and shaping the world of business. All of these areas look like they will be advancing even further in the near-term and long-term future. Many of them apply to businesses of all variety, so no matter what type of company you run, it is worth working out ways that you too can be a trendsetter and not get left behind the crowd. In a world that is more unpredictable than ever, one of the shining certainties seems to be that we are going to continue relying on technology in a big way. Therefore, you want to be one of the people who are driving this change rather than risk getting swept away by it.

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