Technology has always been an essential factor in business. However, it wasn’t until the start of the 21st century that everyone realized just how valuable it could be. With the explosion of digital solutions and computer technology, it was clear that all companies can benefit from using them.
The crucial thing here was availability. Today there are hundreds of IT solutions that companies can use to improve various aspects of their business. This includes sales, marketing, budgeting, onboarding, risk management, and so much more.
2020 has shown us a variety of tech trends in business. Some of them, like AI and 5G, are going to define the future. However, there are other emerging solutions that you should consider using for your business. This is how you will get that head start over your competitors.
1. Artificial Intelligence in Business
You might find it strange, but artificial intelligence is already widely applied in business. Yes, that technology we dreamed of when we were kids is already here, and employees use them for various tasks. Still, the artificial intelligence currently used comes in the form of machine learning.
Machine learning is a program that gets thousands of inputs through which it learns to correct itself and improve performance efficiency for specific tasks. After the process has repeated itself countless times, the program has learned how to perform a particular task independently.
We use AI in many different ways. It can help analyze data, suggest changes, help automate processes, and so much more. AI can work more efficiently than humans in certain tasks. It also has the power to spot more complex patterns without making mistakes. That’s why it’s so valuable.
2. SD-WAN for Future Connectivity
SD-WAN has been around for a while. However, many companies don’t know if it’s actually worth investing in it. SD-WAN is short for software-defined wide-area networks that help manage, control, and coordinate internet connectivity.
All companies today need to have a healthy, safe, and efficient IT infrastructure. This isn’t possible without good connectivity. This is where SD-WAN comes into play. It boosts security by segmenting the network and encrypting traffic.
These solutions also reduce packet loss and application jitter. They make your network performance more reliable. SD-WAN usually comes with a cheap WAN connection. This WAN connection can take over in case your internet is out and help you do your work even when connectivity is down.
3. 5G Technology
You probably heard about 5G by now. Sadly, you probably heard misinformation and conspiracy theories about how 5G is extremely harmful and causes cancer. In reality, there is no evidence whatsoever proving any of these claims.
5G is basically the newest generation of cellular data transmission. Simply put, with 5G, you will be able to send, share, and download files much faster. At the same time, with 5G, the latency will be much lower.
This might seem like “just an increase” in internet speed, but it will be so much more. For example, with more and more IoT devices, it’s important to give proper connectivity without any delays. At the same time, companies will be able to deal with higher chunks of data on each level of their work.
4. Further Development of Video Conferencing and Remote Work
During the Covid-19 pandemic, a lot of companies decided to adjust by working remotely. This has created the need for long-distance communication, conferencing, and establishing new online channels. Even though nobody wanted the pandemic to happen, at least it taught us how valuable these technologies are.
The pandemic taught us that companies could, in fact, function remotely without losing any productivity. One of the solutions that became really popular during the pandemic is “Zoom.” Some other remote work tools, including Google Hangouts, Microsoft’s Teams, Webex, and GoToMeeting, have also become more popular during the pandemic.
Adjustability is one of the most important aspects of a modern business. These technologies are a must so that your employees can work conveniently. At the same time, you will have more logistic options for your business.
These are the four essential solutions for business in the future. Do you agree with our predictions, or are there some other tools/solutions that you think will become prominent in the future? Feel free to share your thoughts and ideas on the topic. After all, we’re all here to learn something from each other.