Published on September 28th, 2017 | by Sunit Nandi

Business Technology Trends That Are Here to Stay

From big data to artificial intelligence to Internet of Things (IoT), there’s a lot to know about the technological advancements that will continue to make headlines in future.

If you own a tech business and want to compete well within the digital world, it’s crucial to stay ahead of innovations in operational systems, data, and connectivity.

Not sure which technology trend to follow according to the industry your business operates in? Let’s explore the trends that shape the way businesses are conducted in 2017.

The Incorporation Of Artificial Intelligence (AI)

Who wouldn’t love to incorporate the software that closely mimics human intelligence, such as factory robots and self-driving cars in one’s business? Undeniably, business operations related to AI are being carried out in various industries.

Major players like Microsoft, Salesforce, and Google drove this trend in 2016. This technology requires an unswerving base of reliable data to develop novel products within areas like shipping or to help solve complex problems.

The Revolution Of Chatbots

The collaboration tools like Microsoft Teams and Slack exploded in 2016. Interestingly, this is a trend that is expected to progress. This technology identifies those team members who possess the skill or capacity to deal with specific problems. Also, it ranks the quality and strength of professional relationship within a workforce.

Custom PCs

If your business involves selling PCs to corporations and making profit from the same, then what matters the most is tefficiency. Assembling a large number of PCs can be time-consuming even if you’ve delegated this task to your team. This is when the role of custom assemblyt comes in.

Now that it’s possible to assemble a PC without even using a screwdriver, the best bet is to outsource the custom assembly service. However, before choosing one, you need to make sure it fits your budget.

The Growth Of Platforms

Successful data-driven businesses have shifted from product-oriented strategy to the platform-based strategy. Platforms are a type of data collection mechanisms that aid businesses in monetizing scale and content by attracting a unique audience, forging powerful communities while enabling a desired interaction. These platforms have become an integral part of ecosystem of businesses to improve business growth.

The Ever Expanding IoT

Though IoT is talked about from different perspectives, there’s a new way to consider this trend: the IoT permits businesses to assemble data that is specific to the business processes. This also includes tracking the way customers use equipment and products.

Besides, it links the real world with the digital world. This can help small businesses craft new operations to earn added revenue.

Advancements In Big Data

For companies who want to streamline their operations effectively, experts are laying their bet on big data. Take inventory management, for example, big data provides them the insights about who their potential customers are, how to design products that provide greater value, and ways in which they can enhance their brand awareness. Though it means decoding a higher number of facts and figures, the final result will outline an effective and efficient inventory process.

The Abundance Of DIY Business Apps

Nowadays, entrepreneurs can make use of the latest business apps to prepare quarterly reports themselves rather than waiting for their accountants to do so. Businest is an example of such a platform uses AI to evaluate financial statements. The objective is to provide a road map through which you can achieve a higher boost in your cash flow.

With a myriad of options to choose from, you can adapt the technology that suits your business needs the most. However, it’s equally crucial to stay abreast with the technological trends that are expected to emerge in the rapidly changing business environment.

Tags: business, stay, technology, trends

About the Author

Sunit Nandi I'm the leader of Techno FAQ. Also an engineering college student with immense interest in science and technology. Other interests include literature, coin collecting, gardening and photography. Always wish to live life like there's no tomorrow.