Technology changes from day to day, and progress shows no signs of fatigue. There is no need to especially emphasize how technological achievements change the way we do business overnight in almost all industries and business spheres, meaning that, as an entrepreneur, you have to be aware of modern trends and market movements, and constantly adapt to them. Otherwise, you risk falling behind the competition and in the worst case – going out of business. In order to minimize the possibility of such a scenario, following modern trends and news from the interwoven world of technology and business on a daily basis should be one of your imperatives. To begin with, we single out several important trends already shaping business and entrepreneurship today, trends that will continue shaping it even more tomorrow.
Blockchain is a complex technology for storing transaction data whose functioning may not be easy to understand, but that does not mean you should ignore it. Bitcoin and cryptocurrencies have already entered certain business spheres, bringing along new payment methods, financial transactions and investments, while experts predict that Blockchain will soon completely transform logistics industry and supply chain systems. Plenty of reasons to keep it on your radar.
Internet of Things
Just a few years ago, Internet of Things was just a trendy buzzword, but today this technology is slowly but surely becoming a part of everyday life, thanks to the growing number of smart devices that are inter-connected through internet and able to mutually “communicate”. In the business environment, Internet of things provides a great potential for innovation and implementation of advanced technological solutions, and its increasingly significant application is noted in the sectors of logistics, medicine, energetics and construction.
Business in the Cloud
Cloud computing provides companies with practical possibilities for file and content storage and collaboration among employees, thereby strongly increasing efficiency and flexibility of their business. Cloud integration has long been a standard in modern business organizations, and its importance will keep growing in the future, thanks to ever more robust, reliable and, most importantly, secure digital solutions for doing business in the cloud. Have you already chosen your cloud service?
At a time when most business affairs and activities are taking place digitally, the risks of hacker attacks are bigger than ever, and viruses and malicious software certainly won’t disappear in the near future. Moreover, they are likely to become more sophisticated and dangerous. In other words, companies present in the online space (which means practically all) must and will have to take good account of adequate protection of their own systems and data, as well as protection of their clients, partners and customers. Apart from security itself, it is also a matter of trust and serious approach to business.
Artificial intelligence has been among us for some time now, but in a discrete form. It hides in Facebook, Google and Netflix algorithms, allowing the functioning of digital assistants such as Siri and Cortana, and it plays a key role in the development of self-driving cars, soon likely to become a common sight on the roads. In the world of business, artificial intelligence is particularly important in the context of business analytics, predictive analysis and big data systems, and due to its accelerated development, in the coming years it will certainly have a strong impact on business in both big and small companies and encourage innovation in various industries.