Business Technology Trends For 2018

Business Technology Trends For 2018

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What comes to our mind when we hear the word “Technology”? The car, the airplane, the laptop, the refrigerator, the spaceship, the mobile phone etc.

In fact, everything in the world is a form of technology, solely, whether it’s a pen or any software/application you’re using. In short, the whole world is running on technology. Nothing is left untouched with it.

What is Business Technology?

The collaboration of business strategy and information technology can be considered as a business technology.

The business of all sizes and types rely on it. Each and every organization needs technology to be successful in the market or in the world.

Why?

Because technology helps the industry grow and produce more effective results, makes work-life easier, helps to complete the work with perfection, increases customer satisfaction, increases the productivity, improve customer and partner relationship, and more.

How does business use today’s technology to communicate?

Communication is crucial to carry the business operations successfully. Companies today are integrating technologies to make the business interactions better. The internet has already shown its power to the world, networking has become a way faster, wireless communications are in use etc.

With the most modern technologies like cloud computing or cloud-based video conferencing etc. business operations are carried globally without any security breach or privacy concern. Hence, the operations are carried very safely.

Here are several communication technologies required for business operations:

  1. Internet: The evolution of the internet has brought a revolution in the world of business. Since its arrival communication in the industry became easy and are communicated in two ways- static communication in which data like product specifications are posted through the web page; dynamic communication such as online product orders etc. can be done through information being exchanged.
  2. Wireless Communication: Wireless communication has been very effective from being able to send messages in an instant to be cheaper, a lot of work can be carried. Not only it conveys your message to a certain person or group but you can use the internet or your company’s network to run applications and memos.

The best part of it is that the information can be distributed from anywhere and anytime-while walking, traveling, sitting, eating, not to say but even if you’re in the washroom. Instances of such devices are- smartphones and walkie-talkie. Also, they have occupied the place of pen and paper.

  1. Networking: Today, networking has become the backbone of modern technology that forms the core of business communications being performed these days. Networking allows both audio and video communication for users to communicate securely. It collaborates on reports, takes communication beyond conversational interaction, programming, and other document production etc.
  2. Cloud computing: It’s the most modern form of technology which takes networking to a whole new level. Like a network, one can be able to communicate and interact in real-time with access provided to a global level. The best part of cloud computing is that the data are stored automatically, there’s no problem with network downtime. Hence, it eliminates the problem of data lost through system crashes etc.

Any authorised user can now access documents and programs that are stored in “virtual” drives or computers via any ordinary internet connections. For example- Google docs where multiple users access to document production in real-time.

Technology trends that will change your business growth in 2018

In this piece of content, I have brought you a handful of technology trends that will help your business to grow this year. Those are following:

1. The collaboration of online and offline with augmented reality

Getting the chance to see some process processing, in reality, can be a lot more entertaining as well as interesting. The continuing pervasiveness of augmented reality tools and iOS phones features ARKit,  allow the user to create an even more realistic user experience and will allow them to see how a certain product will fit in their home. This will not only increase the sales but will also create business development opportunities that require someone to visualize a particular project.

2. Information Augmentation

Any deal to be successfully carried requires information that is available and accurate. Today, we have various machine learning tools in various CRM platforms that make the data easily available and more accurate. For any business development professionals who want an edge over their competitors will get the ability to understand, correlate and distribute enriched data. Such professionals should never ignore this growing trend.

3. Customer scheduling

Customer satisfaction, customer happiness, customer experience is everything necessary to us. We all allow our customer to choose the way they want to interact to us but is that really all. No, we should also give them option to choose when they want to interact with us.

There are tools that allow users to choose the date, time, mode and even topics they wish to discuss on sales calls. For us, our customer’s time is valuable and giving them the chance to control it, will bring a lot more changes in the sales process while keeping them engaged in sales activities.

4. Augmented and Virtual Reality

We all know how virtualization is impacting the human across the world. Augmented and virtual reality is the most advanced and the major tech trends in 2018. Augmented and virtual reality (AR and VR) not only will impact business but will have an impact on the manufacturing world as well.

5. BPM software

No business is the same. Whether it’s their process, plans, operations, terms and conditions or rules and regulations – everything is different.

Hence, to make your business process management better, you should definitely employ market-leading BPM software for your business. Because the software will help you to design, execute, optimise your business processes, and manage things well.

 

Editor

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