Over the past years, the technology age and technology trends have made many different changes in the business world. You will realize that most businesses now depend more on technology to do any of their functions. The technological changes are welcome for most businesses, especially when it means that the business will profit a lot from it. It is also doesn’t bode well with some employees, especially the ones who are at risk of losing their jobs to the machines and technology. That being said, here are five technological trends and innovations that have the potential of disrupting businesses in the near future.
1. Extended reality
Virtual and augmented reality technology are currently transforming the way people are living and even working. Technology has managed to remove the distance that was between people, experiences, and information. Location is no longer a worrying factor. This looks interesting as geolocation and space seemed to be among some of the most limiting factors when it came to the business world.
2. Citizen Artificial Intelligence
AI is impacting people’s lives in many different ways as businesses also look to capitalize on the potential the AI has to make the business more productive and profitable. AI is more than a tool and what they do now and will do in the near future will really impact the lives of business workers. Technology has gotten to the point where talking Ads and more digital marketing agencies are able to specialize in a mass scale, programmatic media buying strategies.
3. Data veracity
The fact that many businesses have transformed themselves to run on data has exposed them to a new kind of vulnerability which includes manipulated, inaccurate, or biased data. And using this data can lead to a lot of corrupted business insights plus skewed decisions. Researchers have found that some rideshare drivers can organize simultaneous sign-offs which can create a shortage of triggers and drivers surge pricing. This means that they can even log back and take rides at the high prices.
4. Frictionless business
You will find that most businesses now depend more on technology-based partnerships for their growth. But you still find that most of their legacy systems are not designed to support partnerships. Companies need to, first, redesign themselves before they can fully tap into the power of the connected intelligent enterprise. As a business, you need to have in mind that micro service isn’t a single piece of technology but an approach towards architecture. Tools like the application programming interface (API), cloud, and containers can break all these applications into simple and discrete services.
5. Internet of thinking
The internet of thinking is beginning to appear just about everywhere and seems like it will be the next generation of the intelligent solutions that are moving into physical locations. For you to bring any of these intelligent environments to life, you will need to add the workforce capabilities and skills in the process as well. You will also need to incorporate and modernize the current enterprise technology infrastructures to the business as well.