5 Technologies and Trends Every Business Leader Must Know

Technology is fast evolving today. Business owners have to keep abreast with the changing trends. The Coronavirus pandemic has changed people’s behaviors and preferences.

Individuals began accepting and incorporating advanced digital tools into their lives. Shipping and delivery industries started moving towards contactless service. Companies must adapt to these shifts to keep their customers satisfied.

Here are five advancements that every entrepreneur must know to achieve their objectives.

 

CALL CENTER TECHNOLOGY

Virtual call centers are dominating the market today with new technologies. Many companies are moving towards cloud communication systems to increase customer satisfaction.

Being online allows businesses to expand across their network with ease. The system also enables their staff to work from home.

However, managing the number of service employees isn’t easy. To be efficient, you’ll need to use a process called workforce management.

 

CONTACTLESS FUNCTIONS

Many businesses changed the way they operated to survive during the Coronavirus pandemic.

Rather than close their doors, restaurants chose contactless delivery to serve their customers. Many are making the service an ongoing feature.

There are indications that many Americans prefer the alternative method of distribution. Entrepreneurs recognize this new normal and are adapting their processes accordingly.

Other companies offering no-contact dispatching are Grubhub and UberEats. They’ve said that they’ll continue the offering in 2021.

In China, a company began using robots to distribute groceries to its customers. After successful testing, the enterprise is now expanding its service to the public.

You can expect to see the widespread use of robots in sending goods to consumers soon.

5 Technologies and Trends Every Business Leader Must Know

REMOTE WORKING AND VIDEO CONFERENCING

Technologies that gained popularity during COVID-19 were videoconferencing and remote working.

Companies used video platforms such as Zoom for their meetings. Employees and clients could meet and discuss without being in the office.

Collaboration software helps teams work remotely. Members can create and share work, track projects, and communicate online in real-time.

Although people are going back to work, many businesses are still using virtual tools for employee training and team-building activities.

 

5G APPLICATIONS

If you take browsing the internet and video streaming for granted because of 4G, there’s more to come.

5G will take our online experience to a new level. Soon, businesses will be able to use augmented reality (AR) and virtual reality (VR) with ease.

Wireless networking will be faster, smarter, and more stable. The improved performance allows users to use many advanced applications.

Telcos expect to launch the service globally in 2021. Companies like Apple, Verizon, and Nokia are already working to create 5G applications.

The technology’s impending expansion shows that it’s a significant opportunity for businesses.

5 Technologies and Trends Every Business Leader Must Know

VIRTUAL REALITY (VR) AND AUGMENTED REALITY (AR)

In the past, you would expect VR and AR in the gaming and entertainment industry. Now, many other businesses use these technologies.

During the pandemic, real estate agents used the tools to take prospects for a virtual tour of homes. Augmented reality is great for enhancing an environment. Virtual reality immerses the user in the experience.

5G networks will make it easier for companies to use the technologies in their business. Training and marketing are two areas in which VR and AR can be excellent.

You’ll also save money by letting prospects try your products without touching them. The apps will create an engaging experience for the users.

 

WHAT’S NEXT?

Business leaders must keep abreast of developments in technology. However, knowing and observing these trends won’t help if you don’t put them into practice.

Companies have to use these digital advances in their operations to achieve their goals.

Ultimate Guide to Business Technology

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Written by Wendy Dessler

February 25, 2021

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