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Whether your business has just emerged onto the scene or is already a major player within your industry, staying on top of technological advancements is the key to remaining competitive and viable in the ever-evolving global market.
Leveraging advancements in technology for your business success not only enables you to boost the productivity of your team and streamline time-sapping procedures, but it ensures that your company image is innovative and progressive.
If you want to keep up with essential trends in emerging technology, this list of innovations most embraced by big business will get you started.
Artificial Intelligence
Yes, that does mean robots, like in the movies, except these hard-working machines are actually here in 2019. Many global business leaders have begun to leverage advancements in Artificial Intelligence (AI) in order to dramatically reduce the need for human labor, and streamline processes that used to be time-sapping and wasteful. AI has enormous potential when it comes to improving productivity and super-charging efficiency by analyzing data for future operational improvements and automating repetitive tasks.
Bringing AI into your business operations could potentially free up your staff members for tasks that require imagination and creativity—things like business strategy and design—which in turn promote growth. AI-powered technology spans a wide range of business processes, from manufacture to HR and admin. Whatever is draining your business productivity-wise, there is likely to be an AI-powered solution on the market.
Cyber Security
If your business hasn’t invested significantly in Cyber Security, your data and the safety of your customers could be at risk. What’s more, if you took steps to protect your systems several years ago but have not since upped your cyber security game, you are no safer than if you hadn’t bothered in the first place. The threats to security, and the defenses put in place to fight these threats evolve together, which means that you need to stay up to date on the latest technology on the market.
While cyber security services are one of the biggest growth areas in industrial technology, cyber security is also an area of business where technology is not a fail-safe solution. If you’re serious about protecting your systems and data, human error has to be accounted for. Attacks like Ransomware and phishing are often successful because a company employee has inadvertently downloaded a suspicious file or opened (or even circulated) a suspicious email. Investing in intensive training for your team is a crucial backup for your cyber security strategy, whether it be software or outsourced services.
The Blockchain
Blockchain is largely associated with cryptocurrencies such as Bitcoin and Ethereum, but the technology has come a long way since then. New potential for blockchain technology is being exploited by major industries that wish to take advantage of the hyper-security and increased transparency of its processes.
Whether you start small with an AI-powered admin assistant, or go the whole-hog and automate your core processes, these leading technology trends for business could help you boost productivity and improve the profitability of your business.
This is a contributed post.
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