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It is expected that technologies will revolutionize our lives by 2025 which will expand and create more room for business growth. Of course, that prediction was made at the end of 2019, before author Anis Uzzaman realized how heavily we would all rely on communication and collaboration technology tools as workforces scramble to adapt to a new normal in the aftermath of the COVID-19 pandemic, which has sent thousands, if not millions, of employees into home offices. While the consensus is that disruption at the COVID-19 level is a once-in-a-lifetime event, our current predicament serves as a valuable reminder that to remain competitive, organizations must keep on the cutting edge of emerging technology. In this article, we will some of the 10 technologies for business growth. Read to know more about business growth technologies.
According to Adobe's CMO, over a third of businesses (31%) aim to adopt AI into their operations. AI is uniquely capable of parsing vast datasets that humans could never hope to analyze, and in the digital age, it provides a powerful tool to transform latent data into actionable data for a competitive advantage. AI may assist with improved personalization, both for staff and customers, in addition to data analysis.
According to iCIMS research, security analysts were among the most difficult professions to fill. By the same token, securing your company's cybersecurity is critical – just ask the industry leaders who have lately dealt with data breaches. According to Security First, Equifax's data hack cost the corporation an estimated $439 million. Any firm that gathers sensitive data from its clients or has sensitive data of its own must guarantee the business network is safe – now and in the future.
Today, there are an estimated 3.5 billion smartphone users; by 2021, Statista predicts that number will increase to 3.8 billion – and continue to rise. In an increasingly mobile environment, reaching clients requires using apps rather than simply websites. To engage consumers, mobile app development may also incorporate other cutting-edge technology, such as augmented reality.
Cloud computing services (such as Amazon Web Services (AWS) provide content distribution, database storage, networking, and a variety of other functions. Typically, engineers, cloud architects, or system administrators are in charge of deploying and supervising cloud computing. According to Gartner, the public cloud computing industry will be worth US$266.4 billion by the end of this year.
Machine learning, a subset of AI, offers a variety of useful applications such as Siri and Alexa, chatbots, and predictive analytics. While it may appear to be science fiction, these applications have infiltrated daily life and are useful across sectors. Chatbots, for example, can relieve the burden on HR workers by addressing commonly asked front-line queries.
CRM technologies, such as Salesforce, are also essential for organizations aiming to leverage all of their data across the customer lifecycle. While Salesforce is a ready-to-use solution, developers may customize it with apps and company-specific projects.
Although numerous technologies can enable data visualization, the key to making data visualization meaningful is to apply the proper technical tools. When done correctly, data visualization may convert a daunting spreadsheet (or a collection of disparate spreadsheets) into a visually appealing, easy-to-understand graph or chart. Data visualization requires a combination of technical competence and non-technical abilities such as communication and presentation.
Developers can use blockchain to construct smart contracts or decentralized apps, experiment with peer-to-peer payment systems or crowdfunding, or use blockchain for identity management. Despite its origins in the area of Bitcoin, blockchain technology allows data to be shared but not duplicated, and its whole database is dispersed in blocks.
Advanced analytics and big data science are in high demand, with 84% of businesses adopting Big Data efforts. NewVantage Partners claims. Choosing the correct tools for data analysis and prediction is a key step, especially as these insights frequently influence C-Suite decisions.
Behind the scenes, an organization may have the greatest technology, but if the user experience is bad, it may not matter. A good user interface (UI) guarantees that websites and apps are aesthetically appealing to consumers, that they flow organically, and that they are simple to use. The user experience (UX) is concerned with how customers engage with a brand or enterprise. Mobile design is important, but organizations that adopt other technologies, such as artificial intelligence (AI) or virtual reality (VR), must also consider UI/UX design.
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