The world of business revolves around the sun called Technology. Technology is that power that has the capacity to transform business. Contemporary business is almost null and void without technology.
The ultimate object of business is to attain business success. Technology plays a great deal in leveraging growth and development in business.
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Technology is the ultimate driver of business so far as businesses in contemporary times are concerned.
Technologies That Become The Harbinger Of Change In The Business Industry
Technology is such an important aspect that can not be put to discount. Whether it is manufacturing, warehousing, Marketing, or sales—technology has a great role to play in the entire development.
Technology is considered to be a great tool for leveraging business success. There are certain technologies that are for tomorrow and we are considering the top 5 from them.
1. Artificial Intelligence
The future of business depends on quite the extent of Artificial Intelligence. The main drivers of emerging technologies like Big Data, the Internet of Things, and Advanced Robotics are extremely important determiners of business success in the future times.
Artificial Intelligence is dominated by areas like Artificial Chatbox, AI-powered Big Data, and Robotic Process Automation.
2. Internet Of Things
The Internet of Things though came into existence in the 1980s has gained immense popularity. This is because it is wireless technology.
There are different things that are now built on WI-FI connectivity. This means they could be connected to the Internet. The best example of daily use of the Internet of things includes Amazon Go Store.
This has to world’s most advanced shopping so far as leveraging technology to ease business is concerned. IoT also has been enhanced by edge computing.
3. Applied Digital Presentation
According to experts, lion’s share of the B2B sellings is done remotely. Big linear presentation decks and Static sales content might find it difficult.
Business in contemporary times is more presentation anchored. Personalized Videos and Storytelling are involved in the presentation and this helps in the further engagement of stakeholders in a professional manner.
4. Digital Health And Telemedicine
The need for digital healthcare was felt most during the COVID 19 exigency. There was a demand for contact-free consultations. This has helped Telemedicines evolve over time.
It is construed that Artificial Intelligence will have a great role to play in this development. An example could be made of AI technology like PART robotic seals that are used for dementia patients.
Mention could also be made of Chatbots like Woebot Health that will help deliver clinically validated programs to address the challenges to mental health.
5. Remote Learning
Remote Learning like digital health and Telemedicine was felt badly during the Pandemic. During the Pandemic life came to a standstill the entire world came to a standstill.
This enabled student-to-teacher contact. Learning Apps, Web portals, Online Universities, and Online libraries went on to become an extremely common affair. There are certain advantages of this Technology:
- Limitless and Self Directed Learning.
- Convenience and ease.
- No age barrier.
- Higher Efficiency.
- Lower Price.
Q1. What Technology Trend Affect The Industry
Ans: The Technology trend that affects present business includes:
- Momentum in Life Science Technologies.
- High-Performance Computing.
- Persistent Growth in Artificial Intelligence.
- Networking and Interconnectivity.
Q2. How Technology Will Affect Business In The Time To Come?
Ans: Business, irrespective of its size is inflicted badly by the COVID 19 pandemic. Business of all forms and class needs the help of technology to meet their ends.
Through Communication processes like Emails, Websites, and Apps business transactions will be done.
Q3. How Is Modern Technology Changing?
Ans: Modern Technology has undergone a huge transformation. Now computers are increasingly faster and more portable.
Moreover, the fast evolution of the mobile phone is also changing the course of business. This enables a better hold so far as functionality of business is concerned. With this transformation, it is expected that small businesses will be benefitted.
This needs to be kept in mind that the backbone of the economy of a country is the network of small businesses.
This can not be refuted that Technology has a huge role to play so far as business development is concerned.
The development of Technology must transcend the boundaries and help business growth and development in the times to come.
This needs to be acknowledged that relentless developments happen in the world of technology and they are soon coming out from the drawing board and taking the shape of reality.
An author of Namaste UI, published several articles focused on blogging, business, web design & development, e-commerce, finance, health, lifestyle, marketing, social media, SEO, travel.
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