Helpful Innovations in the Tech Industry for Businesses

Running a business in 2021 is now easier than ever, with innovations in the tech industry that can help you with every job and allow you to perfect each aspect of the business and optimize it for your audience.

It is important to keep up to date with tech innovations so that your business can always be one step ahead of the rest. Using technology can mean saving time, improving performance, and creating an overall better experience for your customers.

To make navigating the tech industry easier, here is a rundown of some of the best tech innovations that can help your business to flourish.

 

AI ANALYTICS

AI-powered technology is some of the most exciting that is currently available. This technology can complete tasks at a faster pace, as they are wired and programmed specifically for the job that they will be doing. AI machines are also incredibly meticulous with their work and perform at a high standard, missing the errors that human staff would perhaps make on the same task.

A great example of AI technology is AI-powered anomaly detection. According to Avora, this platform “combines anomaly detection, root cause analysis and forecasting in a novel query engine that answers the why to your questions in seconds across cloud-scale data.” This detects anomalies in businesses’ metrics that can often be missed, meaning that the user, once notified, can make the fixes required to prevent them from happening again in the future.

 

3D PRINTING

A large cost for many businesses is the supply and storage of the products that they are selling. Businesses have to battle between ethically sourcing products from factories that have high standards but having to pay a large amount for those products or finding cheap sources that allow you to sell your products for a highly competitive, low price but knowing that you are possibly supporting unethical working conditions.

3D printing allows you to avoid this dilemma completely by raising the opportunity for previously factory-made products to be created from your home or offices! 3D printers offer many advantages for businesses, including reducing overhead costs, creating high-quality products for a low cost, requiring minimal manpower, and boosting overall efficiency.

3D printers also allow your business to run much quicker, product prototypes can be made almost instantly, and products can be made as your customers order them to avoid waste or going out of stock.

 

AUGMENTED REALITY

Augmented Reality (AR) is a tech innovation that can completely boost your business’ marketing game. AR allows businesses to create a 3D experience of their product or brand to deliver an unforgettable marketing strategy that will stand out from all competitors. AR “closes the gap between imagination and reality” (Clutch) which allows your customers to immerse themselves in your brand and become excited about your products.

This tech industry is currently going through massive growth and the market is expected to reach $192.7 billion by 2022 so you should definitely start familiarizing yourself with this technology now. AR can improve the experience across all areas of business from education, e-commerce, healthcare, and real estate. Popular apps, such as Snapchat, already use this technology and have proved their success with their millions of users and high revenue.

 

WEARABLE TECH

Wearable tech is changing the way that people can access communication and information services. Smartwatches are by far the most popular form, allowing people to answer emails, check their calendars and search things up online whilst keeping their hands free for other tasks. In the retail industry, sales assistants are increasingly adding smartwatches to their uniforms so that they are able to assist customers more effectively by looking up information without having to search through a catalog or find a free PC (StartUs.com).

Other forms of wearable tech, including smart glasses and wearable cameras, allow employees to reach knowledgeable support so that they are able to tackle problems instantly, without any delay. Wearable tech will make your business more efficient and will keep all of your employees connected throughout the day.

Ultimate Guide to Business Technology

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Written by Evelyn James

Tea drinker, Ravenclaw, aspiring novelist; currently editing my second draft

February 13, 2021

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