Current Technological Business Trends…2021.
It’s 2021 and it’s been over a year since COVID-19 changed the way we live, interact and run our businesses.
With vaccines being administered around the world, there does seem to be a light at the end of this tunnel, however, even if COVID-19 no longer plays a role in our lives, the way it has changed the world will certainly not – as said by Bernard Marr in his post on Forbes – “In many ways, Covid-19 will act as a catalyst for a whole host of changes that were already on the cards anyway, thanks to our increasingly online and digital lives.
Things will just happen more quickly now, with necessity (long acknowledged as the mother of invention) as the driving force.
And should it be the case that – as certain US presidents have predicted – Covid-19 “magically disappears” – the changes it has brought about will not, as we will have learned to do a lot of things more efficiently and safely.”
So, with the changes, we’ve all had to make and the way businesses have had to adapt, there are some technological business trends we would recommend you keep an out for.
Artificial Intelligence and Machine Learning
Artificial Intelligence (AI) and Machine learning are being used and implemented more widely and commercially, as businesses take on more and more data from existing and potential clients, digital marketing and consumer trend analyses – most of which is now done online – AI and machine learning will be able to help interpret and utilise that data to provide better customer experiences, improved service delivery and allow businesses to change and adapt with the world around them at much faster rates.
5 G
Mobile connectivity plays a major role in everyone’s day-to-day lives. Most people are using smart devices and spending many hours online – whether for business or pleasure. 3G made general via web-browsing viable, 4G made streaming and higher-bandwidth services possible, and it’s no surprise that 5G – with even higher bandwidth capabilities and reduced latency – will bring forth even more possibilities with advanced technologies like Virtual and Augmented reality, as explained by Nikita Duggal in her post on Technology Trends in 2021.
Cybersecurity
With everything we’ve discussed so far, it’s apparent that most (if not all) businesses are making use of digital and online means to provide their goods and/or services. With this being the case, the security of business and consumer data, as well as the integrity of systems and tools is of utmost importance. Malevolent hackers are always finding new ways to breach systems, which makes the growing field of cybersecurity just as – if not more – important as the other trends we are seeing in technology and business.
Digital Transformation
Staying up-to-date, minimising costs, streamlining business processes and being able to cater to the people of the digital revolution is something all businesses need to adapt to. Eliminating paper-based methods, providing valuable analytics and saving your business time and money. That’s why digital transformation is vital to businesses looking to prosper in 2021 and the years to come. Incorporating new digital technology, like automated workflow processes, digital signatures and electronic forms, such as those offered by Conclude will help you achieve and accelerate your digital transformation journey
CONCLUSION
While there are many technological business trends that have emerged (forcefully) since last year, these are definitely the ones to keep your eyes on, as they pave the way for most of the other trends which will see growing success in the years to come. Make sure you evolve with the times.