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Nowadays we all agree that change is constant. We won’t be wrong, especially if we are talking about technology and innovations. Modern, innovative tech companies are constantly developing new products and systems beyond what we thought to be possible. Even before we are done discussing a certain update, there is already a plan for testing a new one by IT experts. Technology continues to change our way of doing business. Whoever takes the advantage of these innovations will surely come on top of their competitors. What does the future hold when it comes to doing business online? Here we will discuss a few issues that we believe will have the greatest impact on B2B and B2C online behavior. Continue reading this post to learn about the top tech innovations that are changing business consumers habits.
Blockchain Technologies
When someone mentions the term Blockchain the first thing that comes to mind is usually bitcoin. The use of this technology is far more than just bitcoins and cryptocurrency. The technology behind blockchain is in fact a method, more accurately described as distributed ledger. The purpose of distributed ledger is to offer a reliable method to track the ownership of data. Each ledger contains only a fraction of the data. If someone gains unauthorized access, they will not be able to read, crack and make sense of the provided information. Utilizing the latest technology to create cryptocurrencies is one of the many ways blockchain can benefit in the business. The greatest benefits can be seen in the gaming industry. However, there will be legal challenges and questions of trust. The technology surrounding blockchain investing, as well as online ledgers as a whole is quickly changing business consumers habits.
Data Driven Artificial Intelligence
AI focuses on automation processes and machine learning. This technology allows machines to observe and learn from human behavior and activities.AI can detect pattern behavior in hacker attacks and make a predictive analysis for breaches before they even occur. This technology makes an impact on customer retention and engagement by predicting customer behavior. It can play a significant role in scheduling, predictive maintenance, maximizing efficiency cutting costs and even suggest activities customized for your interests. For example, let’s say that you read a couple of stories online about the phoenix, a bird from ancient Greek folklore. At the same time, you occasionally like to play casino games online and try your luck. It won’t take long for a themed ad online game to catch your attention on the social media feeds, like this Secrets of the Phoenix slot game. At the same time, it will create new job opportunities for those tasks that humans will always perform better such as customer care and services. The challenge AI faces is the possibility of interaction between systems and making the technology more affordable.
5G Mobile Network
The purpose of 5G networks is to increase our ability to move, manipulate and analyze data across wireless platforms. The development of this network is going to impact the business at a level that few industries ever had. It will provide wireless internet speed for resolving complex solutions like the movement of driver-less vehicles. We believe that 5G will fuel innovation in the internet of things, smart homes, AR and VR media cloud services and many more. This will create incredible business opportunities for industries like medicine, marketing, architecture etc.
3D Printing
With only a recent introduction into the technology market, 3D printing is quickly changing business habits. This technology offers a solution for the low-volume manufacturing industry. It enables you to replicate complex parts as well as ones that are difficult to find on the market. As the materials and supplies for this machine become more available, opportunities for this industry will continue to grow. Through these efficient and inexpensive 3D printing production methods, printing is an excellent option for prototyping and product testing. Consider how the introduction of 3D printing into the technology market has completely altered business consumers habits.
Wearable Gadgets
As convenience becomes a larger priority in the tech industry, wearable gadgets are additionally shaping business practices. Wearable tech represents small electronic devices that can be implemented in clothing or worn as accessories, even implants. These devices have a number of health tracking and convenience benefits to their users. Within businesses, there major purpose is through employee tracking. Devices such as activity trackers are an example of the Internet of Things, since they are effects that objects to exchange data with the manufacturer or other connected devices, without needing human intervention.
Zero Carbon Natural Gas
Natural Gas represents a highly scalable energy fuel base. It currently accounts for more than 30% of the US electricity and 20% of world electricity. The problem is that the most basic natural gas-fired turbines generate massive carbon emissions, which are the major cause for the greenhouse effect. The good news is that there are a couple of solutions currently being tested that can produce zero carbon natural gas. Providing a cheap and environment-friendly energy source is a must for economic growth. We hope that zero carbon natural gas can be affordable for millions of global citizens. Through the introduction of renewable energy sources, businesses can help to reduce carbon emissions, and in turn lower the carbon footprint of purchasing consumers.
As technology continues to revolutionize, more and more practices are shaping business consumers habits. Innovations like blockchain technology have the ability to shift online banking and payments. Data driven AI can replace human labor and streamline factory functions. 5G mobile networks will eventually be able to completely alter the speed it takes to access the internet. Moreover, wearable gadgets are quickly changing how conveniently we can access technology. Furthermore, zero carbon natural gas can completely transition energy fuel bases for citizens worldwide. If you are interested in the top tech innovations that are changing business consumers habits, consider the points mentioned above.
