Sustaining a business is difficult. You have to be informed of the latest technological innovations to be able to stay ahead of your competitors. These kinds of evolution can help businesses reach more customers, increase business productivity, cut production costs, and ease workloads.
This 2018, there are a few innovations that can help your company better its position in the industry. We have listed some for your consideration.
Big Data
If you hear the word Big Data, it can be a little bit overwhelming. Google Analytics, ClearStory Data, and InsightSquared can help companies profile their customers to be able to address their audience’s needs. This way, it would be easier to come up with new products that can answer consumer demands and society’s trends.
It is a misconception that only big companies can benefit from Big Data. However, this is not the case. Small businesses can use this as a way to create innovations and ideas for startups.
3D Printers
Some of you might think that 3D printers are easily accessible nowadays and are not considered as ‘new’ innovations. In reality, a couple of 3D printers are now making headlines on the international scene.
One kind of 3D printer does not only create exceptional and mesmerizing 3D prints but also contain voice recognition for the “print” and “calibrate” commands. It was considered a breakthrough in the inkjet technology printers. Another first in the 3D printing world is the innovation of 3D printing on metal. Many modes of printing are done with plastic bases, but printing on metal would be the first of its kind.
Virtual Reality
A few companies have adopted virtual Reality, also known as VR, for some time now. VR is most apparent in the gaming industry, but various companies are also opening up to this kind of technology. They use it as an avenue for more realistic marketing. It enables them to be more connected to their consumers.
Some engineers and designers also use VR to build virtual models of their products or sketches instead of spending money on materials to create their physical models. This approach is usually seen in real estate businesses and architecture jobs.
Voice Assistants
Voice Assistants, such as Google Assistant and Amazon Alexa, are very helpful in increasing a business’ productivity. Most companies find this as a worthwhile investment because of its high returns. Voice assistants are mainly used for the following tasks:
- Conduct complicated calculations such as financial statements
- Order office supplies and track the ordering
- Organize company emails
- Book event and travel reservations
This kind of technological innovation is now used to accomplish tasks in a person’s ‘to-do’ list faster and with less hassle.
Cloud Computing
Storing personal and company data in a cloud instead of a physical server can be more efficient for business. Cloud computing enables the small and large companies to use internet connectivity for other third parties to access their files. This kind of approach makes collaboration easier, eliminating the fear of downtime and permanent loss of data.
Wearable Technology
Wearable technology is an innovation made for safety purposes. These wearables aim to track where construction workers are currently on the site and alert them in real time of danger and potential hazards. It also informs the wearers if someone has encountered an accident. This way, they will be able to ask for help right away.
If you are a business that fails to adapt to the recent technological innovations in the business world, you will face your downfall anytime soon. Just understand how these advancements can be of help to your business. This way, you can use them to your company’s advantage and hopefully reap its benefits.