Technology Is Our New Friend
Modern-day technology to help your business run smoother is based on innovation. Technology and innovation are an IoT (internet of things) revolutionary friendship that works hand in hand. We see how technology is improving how our businesses operate daily and how it has enhanced product development. The size of the business does not matter.
If you are a small independent business owner or a large global enterprise, technology has both tangible and intangible benefits. Innovation in technology is your businesses leading infrastructure. Technology drives the efficiency, the trading relationship, and the confidentiality of our commercial environment.
My first introduction to technology that is easy to get used to is my smartphone. I use voice search to make a phone call and to look up any type of content that I need. Voice search is great because I don’t have to use a keyboard. It is so convenient and at an instant, I have what I need. Businesses today are more accessible by customers because their online presence makes them more visible.
Searching with voice search is a technology that can increase your global business opportunities. Let’s look at a few technological tools that are the current innovations and how they are impacting powerful business explanations so that your operations run proficiently.
The Advancement of Technology in Business
Let’s begin with the 5G networks that the telecommunications systems report provides faster connectivity than ever before with more economical power consumption. 5G is an IoT wireless broadband innovation. It can be 100 times faster than the 4G (LTE) networks to connect cars, home devices, smartphones, and connectivity to run tomorrow’s smart cities.
It is estimated by wireless communication leaders that we will have over 3 billion IoT cellular connections in less than four years. The massive amount of data captured by 5G networks will help decongest your business. 5G helps a business understand their consumer patterns, provide better connections within your network systems, improve website traffic, while also securing your infrastructure and stored data.
How AI is Being Used
AI or artificial intelligence is about computers or robots thinking and learning to help perform automated tasks. A simple example is the virtual assistant devices in our homes that respond when asked a question. AI innovation is expanding because it can be used in medicine to flag specific content within a body that may be harmful. Artificial Intelligence can help businesses organize their workload and respond to customer’s request automatically.
AI is an expansive intelligent technology that is learning how to carry out tasks without a lot of human input, it learns from experience. Machines that are learning means profits and better efficiency for industries today. For one thing that has been proven is that businesses are able to predict the buying behavior of their customers. This allows companies to meet the product demand of the buying population. Real-time data from using artificial intelligence will keep a business operating with a lot fewer risks and gain a better advantage in this competitive society.
Picture Archiving and Communication Systems or PACS is an imaging network software that can be shared between medical specialties. A radiologist uses this technology instead of x-rays. Imaging software is vastly attracting the medical industry with its automatic analytical accuracy.
The PACS System is an instant digital image software giving physicians an answer to the immediacy of critical health problems. As you can tell PACS is all about speed and efficiency. It is customizable depending on the medical modality. PACS helps the medical staff capture succinct images, store them, and share them in image and record capturing time.
3D printing is catapulting all industries into the future, today. This innovative technology is available to sculpt, mold, freeform models, and use computer-aided design (CAD) templates. 3D printing uses varied shapes to build products from these types of technological forms. A 3D printer turns your design into an actual useable or wearable product.
The materials that can be created using a 3D printer include plastic, ceramics, PLA, nylon, glass-filled materials, epoxies, silver, titanium, steel, wax, photopolymers, and polycarbonate. Using AI innovation, the CAD software templates in the printer are designed to think for themselves in determining the right path for the printer to take in layering the computer-generated model for a finished product.
Blockchain applications are slowly becoming a recognized digital record. Facebook is threatening to introduce cryptocurrency in 2020. Blockchain is becoming the new secure innovation for blocks of monetary transactions that are stored in a linear chain. Blockchain apps are available globally and thus far it has not been tampered with in any way. In order to operate businesses great and small, they must be accountable to regulations, tax implications, audits, risks, and compliance requirements. Blockchain apps help to securely integrate financial and digital management with proven proficiency. Even though blockchain and its cryptocurrency is still a clouded mystery it is proving to be a powerful tool in keeping your digital identity save.
Currently, blockchain technology is used heavily in government matters, in the financial industry, healthcare, music, insurance, and real estate to prevent unauthorized data access. The industry’s mentioned here and other businesses can operate without looking over their shoulder. Blockchain technology is being enhanced to keep track of buying and selling, to create medical devices that will not fail, and so much more.
Today’s technology gives businesses the ability to keep their data safe with impregnable encryption innovations. Blockchain technology in partnership with biometrics is designing encrypted techniques that are incorruptible. As a result, industry and business recordkeeping just got a lot safer and manageable.
Innovations and Automations
Technological advances are happening faster than ever before. Innovative new hardware, software, and other technologies are here to stay. If anything, they will become enhanced for an even greater impact on the global economy and individual businesses. Modern technology is just the forerunner of business innovations that will greatly impact commerce. Whether you are just building your business or you are a global success, technology will be the defining factor in your company’s value.
If your business has a lot to do with customer service, then offering them better products and service should be your first thought. Smart technology has introduced self-service automation. This cloud-based virtual innovative automation removes the stress from managing contracts, tracking products and services, all in real-time.
Self-service automation is great for end-users because transactions are handled at twice the speed, fulfillment orders are faster, human error is eliminated, adaptability is an easy transition, and repetitive tasks that encumbers the customer and the worker is removed. Even better, is that self-service automation is a mobile experience.
With self-service automation, I can now call my favorite restaurant and have my order waiting for me to pick it up. Doctor appointments can be made coupled with a phone call regarding your reminder. Today, just make a phone call to any business and your call will be aptly handled by a self-service automated system.
Another automation is known as Robotic Process Automation that uses specially designed software to perform repetitive, pre-designed tasks. Robotic Process Automation performs processing of transactions, data entry, or if you call a specific service, you will get a recording that provides customer inquiries.
Productivity, efficiency, reduced costs, and accuracy are the results of robotic process automation. Even though manufacturers have been using robots for many years, especially on assembly lines, a robotic process automation system is an offspring of AI and advanced machine learning.
Rosey in The Jetsons and Robot in Lost in Space – who knew we would work side by side! Robotics (Bots) is here and is a fast-growing industrial and manufacturing technology. Not to mention that robotics are used in healthcare, aeronautics, farming, surgery, the military, education and so much more.
Productivity across these modalities has improved our lives because they help to improve productivity by removing the danger of certain tasks. Also, to reiterate, the medical industry is already using a minuscule swallowable device that takes pictures without the use of any anesthesia and it can be taken by children.
Farmers are working with automatic farm equipment, the medical field works with surgical bots, researchers are working to create robots to be inserted into the human body to identify cancerous cells, factory workers are operating autonomous robotic machines that help to make varied products.
How Technology Can Work Together
AI and sensor innovation allow robots to work together and to operate with more flexibility in the adaption of their actions in all industries, i.e., platforming and easy integration. The rumor was that robots would replace humans, however, we are not there today. Bots will work alongside humans and humans will learn new skills to operate or oversee robotic machinery.
You have probably been in communication with a chatbot. A chatbot is a computer program that mimics human conversations. Call any industry and chances are that you will first converse with a chatbot system. It was designed to improve customer service, personalized customer service in a more efficient manner, streamline the shopping experience, improve the response time of repetitive tasks through automation.
If chatbots are not exactly your cup of tea, we will have to get used to it because their use is not going away anytime soon. If anything, their technological use is being advanced to a more contextual interaction, perhaps even in video communications.
For the food industry, let’s talk about plant-based ingredients. This is not a technology that is coming, it is here and is on our grocery shelves and in certain fast-food restaurants. One advantage that is being touted as a great benefit is that plant-based foods can help eliminate the food shortages that is noted around the world, including our own backyard. Depending totally on meats and proteins from animals is costing more in feeds, water, land, and fossil fuel.
As a carnivorous society, meat is still a menu requirement, but what if you order a burger and it was based on plant ingredients. Well, here it is! And the verdict is in – it tastes good! Today’s plant meats are grown in bioreactors. Bioreactor technology is designed to change aerobic cells for conducting cellular or enzymatic immobilization
Technology in Different Industries
The medical industry also uses bioreactors environment to look at 3D bone constructions when working with bone development and diseases. Bioreactors are further used to understanding how to effectively work with bone fractures, joint diseases, and human tissue engineering.
As in other technology modalities in medicine, machines like the bioreactor will give succinct results needed by engineers and the medical industry in complex analytical and computational data.
Let’s talk about the future of toilets. Sewer and toilet manufacturing are working on sewerless waste systems. Researchers are working to build a toilet that can be purchased cheaply and which can get rid of the waste while also treating it for possible reuse. You must understand at this point, that waste is a business and it too requires technology for advancement.
Now, the technology for a wasteless system means that there is no need for vast amounts of water (like when we flush) to carry the waste to far-away treatment plants. When we think of waste as unsanitary, it is a reality that people around the world, yes in some parts of the U.S. dump waste in our rivers and lakes. This is a breeding environment for diseases of all kinds. Prototypes are being tested now and in a few years, we will be introduced to cheaper toilets and a more sanitary disposable system.
Okay, let’s talk about technology in our personal workplace. Our society is slowing moving away from a 9-to-5 workday. Technology has given our offices greater software, amazing apps, and computer-aided platforms that virtually connect us to each other. We can virtually teleconference that will vastly increase our decision-making timeframe. Employers are already leaning toward future employees who are willing to work remotely rather than in an office environment.
Another personal workspace technology is presently used in many Silicon Valley tech companies. It is all about co-sharing workspaces. Employees, especially young millennials who are adaptable in sharing office equipment, workspace, conference rooms, lounge space and more. As more businesses are created, sharing office space is a result of workers becoming more of a freelance environment where coming into the office is a short-term work day.
Technological Advancements Are Here
Technological innovations are not unfamiliar to the millennial generation. The younger generation of workers and the generation to follow love the challenges of advanced technology. They already use advanced apps, software, specialized programs and more. In perhaps a year or two, an employment career will look entirely different because it will be more fluid.
In other words, even by 2020 our new workforce will be eagerly looking to use the next techie trend and businesses must be prepared to meet these challenges. New technology has always begun amazing breakthroughs in many fields. As identified above, society will employ individuals who are well versed in math, biology, chemistry, engineering, biotechnology, biomedicine, robotics, digital manufacturing, nanotechnology, 3D printing and more.