The digital age has brought about many new technologies that can be used in business. New companies and startups are constantly emerging with new ideas, so it’s important to keep track of what they’re up to as they may become major competitors in the future or they may even be worth investing in. Here are four emerging technology for your business
This is one of the emerging technology that every business should be used to maximize productivity. With services like Skype, GoToMeeting, and GoToWebinar, employees can now work from home or on the go. When using these services, employees can have video chats with co-workers and clients through their browsers without ever having to travel. The ability to work from home or on the go means that you can save time and money as well as maintain a healthy work-life balance. A good rule of thumb is to make sure there’s at least one day per week where all employees are in the office so that they can interact with each other face-to-face.
This new tech will help your business grow exponentially. AI will not only make day-to-day operations easier, but it will also take care of more complicated tasks that would be too difficult to accomplish with humans alone. According to o the research conducted by Deloitte and MIT Sloan Management Review, 43% of firms are expected to adopt AI in their business process within the next three years. Furthermore, Gartner predicts that 80% of customer interactions will involve some form of digital customer service agent by 2020. So if you want to keep up with competitors and stay ahead in a crowded market space then you need to consider investing in artificial intelligence.
Augmented Reality/Virtual Reality
The most recent industry to be disrupted by augmented reality is the retail sector. Macy’s, Lowe’s, and IKEA are just a few of the brands that have developed mobile apps that allow shoppers to place virtual furniture in their homes before making a purchase. This not only allows customers to get a sense of how the piece will look in their space but also cuts down on returns. The integration of AR into the retail experience should be seen as a must-have rather than a nice-to-have. In addition to getting people excited about shopping again, it saves them time and money.
As machine learning algorithms continue to evolve, they’re becoming increasingly adept at tasks that were once considered too difficult or time-consuming for computers. This technology can be used to automate repetitive tasks, freeing up employees to focus on more strategic work. Additionally, machine learning can be used to improve customer service, by providing employees with real-time data and Insights that can help them resolve issues more quickly.
Due to the rapid pace of development in the field of computing, it is becoming more and more difficult to stay on top of all the latest technological developments. With this in mind, we have compiled a list of four emerging technologies that are likely to be relevant shortly. We hope you will find them useful as you contemplate how to deal with these new challenges.