4 Trends in Technology That Every Business Owner Should Know

No matter what business you’re in, the implementation of groundbreaking technologies can play a vital role in achieving growth, increasing efficiency, and gaining a foothold over competitors. However, due to an increase in accessibility, it’s important to stay up-to-date on all of the latest trends and understand which technologies you can employ within your organization. Here are 4 trends in technology that can transform your business today!

Software Unification

With so many softwares out there that serve similar purposes, it’s essential that your business streamlines its software utilization as a means of maintaining order and efficiency throughout your organization. This might include utilizing one platform for all company communication or even implementing a system that integrates multiple programs into one cohesive platform, wherein all data is accessible. This type of unification and simplicity of use can save your business time and encourage internal proficiency. Cognizant of this, developers are hard at work to increase the amount of functionality their software is able to provide so that no business is lost to a competitor. It’s imperative for business owners to seek out providers who offer the right solutions in the most holistic and user-friendly package.

Cybersecurity

As an established business, customers trust you to keep their information safe. While you might think that the smaller size of your business makes you less susceptible to cyberattacks, this couldn’t be further from the truth. According to a recent Verizon Data Breach Investigation report, over 60 percent of cyberattacks target small businesses. This is most likely due to the belief that small to medium-sized businesses have fewer security systems in place when compared to their larger enterprise counterparts. For that reason, business owners should take the threat of cyberattack seriously and consider implementing comprehensive cybersecurity systems and recovery solutions to safeguard against data being compromised or lost.

Robotic Process Automation

Through a combined deployment of artificial intelligence and machine learning, automation is quickly transforming the workplace. One such technology positioned at the forefront of this trend is Robotic Process Automation (RPA). RPA technology uses software bots that can be taught to complete human activities, like data entry or transaction processing, from start to finish. This eliminates the need for your workers to spend large portions of their day completing repetitive tasks. Instead, the benefits of RPA allow them to invest significantly more time toward higher-level, more creative work. Given the flexibility of the software, your business would likely find its application beneficial toward a variety of your processes, regardless of your industry.

Internet of Things

According to IoT Business News, the internet of things (IoT) is a term used to describe the interconnection of physical objects, such as vehicles and other machines, and the internet. Through the IoT, devices are able to compute and transfer data without requiring any human interaction. Instances where IoT can be beneficial for businesses might include predictive maintenance abilities, customer service evaluations, and as an overall more effective means of capturing data in real-time to make smarter business decisions. With numerous applications, it’s no wonder that 85 percent of companies are expected to imbed IoT technology to increase efficiencies and create personalized experiences. Furthermore, as the amount of data we produce continues to grow, the ability to collect and act on it becomes further critical to an organization’s success. No matter what your needs are, i.t.NOW is happy to help make technology an important part of your company. To learn what we can do for you, contact us today.