The world is changing at a rapid pace and the way we work, communicate, shop, play online casino games, travel, and live has changed dramatically in recent years. The technology industry is no exception to this trend; it’s constantly evolving with new innovations that are transforming how we do business. While many of these changes can be disruptive, some are actually beneficial for businesses. Here are ten technologies every company should consider adopting:
1. Augmented Reality (AR)
Augmented reality (AR) allows you to view digital information on top of your physical surroundings. It works by overlaying computer-generated graphics over real life images using a camera or smartphone. AR can be used to create interactive experiences such as virtual tours, product demonstrations and sales tools.
2. Artificial Intelligence (AI)
AI is an umbrella term covering machine learning, natural language processing, speech recognition, automated reasoning, among other things. This technology is already being used across industries including finance, healthcare, retail, manufacturing and customer service. In fact, McKinsey predicts that by 2020, 50% of all decisions will be made by AI.
3. Blockchain Technology
Blockchain is a decentralized database shared between multiple users while maintaining transparency. Companies like IBM have developed their own private blockchains which they use to track products through production. Other companies are looking into integrating blockchain technology into their systems because of the transparent nature of the technology.
Chatbots are software applications designed to simulate conversation via messaging platforms. They’re becoming increasingly popular as customers expect more personalized interactions from brands. Some chatbot examples include Amazon’s Alexa assistant, Apple’s Siri personal assistant and Microsoft’s Cortana.
5. Cloud Computing
Cloud computing is internet based storage of data where users pay only for what they use. Instead of storing everything locally on your PC, you store files remotely allowing you to access them from anywhere.
6. Virtual Reality (VR)
Virtual reality is expected to grow exponentially in the coming years. According to Gartner, VR headsets will reach 28 million units sold worldwide by 2020. Businesses are taking advantage of the immersive experience by creating training programs, showing off products and even offering job interviews.
Robots are quickly becoming an important part of our daily lives. From receiving packages to walking around warehouses, robots are helping save time and increase efficiency. Google alone receives billions of dollars’ worth of shipments thanks to its fleet of robot couriers.
8. Internet of Things (IoT)
The Internet of Things allows objects to connect to the web, interact with each other and share resources. It provides consumers with better security, location awareness and remote control of appliances. However, not everyone believes that IoT is a good idea. Critics say that lack of security was a contributing factor to last year’s massive Target breach.
9. Self-Driving Cars
Self-driving cars offer significant benefits but also raise safety concerns within the industry. The vehicles promise to reduce road accidents by reducing human error. Currently, semi-autonomous technologies exist, but no fully autonomous vehicles. The vehicles we do see operate with varying levels of autonomy. Tesla’s autopilot features control the vehicle at a high level while Uber’s self-driving car program lets drivers take over when needed.
10. 3D Printing
Additive manufacturing or 3D printing enables rapid prototyping and shortens product development cycles for new products. Consumers can customize designs and create prototypes of products they want. Industry experts believe this technology has the potential to streamline the manufacturing process. 3D printing offers several advantages; it reduces costs, saves design time and could make products more durable.