3 Types of Business Technology You Should Know About

Advancements in business technology have now made technologies previously only available to big business enterprises accessible for small to medium business as well. This is an exciting time for the business owner looking to innovate. Information technology (IT) has infiltrated nearly every aspect of people’s business and personal lives, accelerated by things like mobile and cloud technology, social media, and data analytics.

The Evolution of Business Technology

As a business owner, it’s important to keep an eye on general technology trends as well as those specific to your industry.  Get started with the following 3 trends currently dominating business IT:

1) Mobile Computing

Consumers have been accessing data on mobile devices at unprecedented levels for some time. However, the 5th generation (5G) wireless standard is currently on the rise. This means on the horizon mobile computing will take on an entirely new dimension.

Changes that you can expect to see:

  • Rise in augmented reality and VR technologies
  • Rise in business technology automation
  • Initiation of Mobile Cloud Computing

2) Data Analytics

In business, making smart, fact-based decisions is absolutely essential. This is the primary purpose of data analytics. Without it, decisions are made arbitrarily out of habit, necessity, or convenience, not based on well-researched data. Data analytics enables you to make effective informed decisions that are more likely to advance your overall business objectives. Look to AI and machine learning to further fuel this sector moving forward.

3) Cloud Computing

Cloud computing is no longer an ’emerging technology.’ Instead, it is a mainstay in any innovative business technology operation. Offloading IT hardware, services, and applications into the cloud allows businesses to focus expenditure and resources on more pressing goals. This saves businesses money and the most essential resource of all- time. Look for full cloud computing, and hybrid cloud services to continue making waves for business operations of all sizes.

Continue Innovating Business Technology

While business technologies are continuing to evolve, it’s an exciting time for the businesses that adapt to those changes. The rise of 5G networks, data analytics, and cloud computing have presented small to medium businesses with the opportunity to compete more effectively with larger players. If you’re not already, consider embracing all three in your business today.
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