Technology

Eight Key Technologies to Improve Your Business

Reports of “disruptive” technological advances are becoming increasingly common, and it’s only natural that CEOs sometimes feel confused and even fearful: “What to do about it all?” Not every company can immediately get used to the changes, rearrange their everyday life, and work when new technologies are introduced.

It is more peculiar to the entertainment sphere, where such representatives as PlayAmo casino Australia show impressive results when introducing new technologies. These are new games with live dealers, the phenomenon of additional reality, and a special encryption system and data safety, which can guarantee the secrecy of each player’s transactions, as well as a variety of payment systems. But this is rather an exception to the rules. But what about other areas, which are still at a crossroads and do not know what to do?

In this report, we’ve identified eight key technologies that we think will have the greatest impact on business in the near future, that will probably turn the world around, and that will be useful to every entrepreneur today. We also laid out three principles that can help business leaders properly assess the importance and usefulness of certain emerging technologies for their companies.

Blockchain

A distributed database system that uses software algorithms to securely and anonymously record and validate transactions. Transaction information is distributed to participants, and once entered into the system, it cannot be changed because later chains protect data about previous transactions.

Main applications

  • Voting
  • Conclusion of smart contracts
  • Place of origin / traceability of information
  • Asset registration / ownership

Unmanned Devices (Drones)

Flying or aquatic devices and vehicles, such as remotely piloted unmanned aerial vehicles (UAVs). Drones can fly independently along a preset route (thanks to an onboard computer) or follow pilot commands from the ground.

Main areas of application

  • Validation of insurance requirements
  • Precision farming
  • Infrastructure inspection
  • Delivery of goods

Internet of Things

A network of objects (devices, vehicles, etc.) equipped with sensors, software, computing and networking equipment and capable of collecting and exchanging data over the Internet. The Internet of Things connects devices, allowing them to be monitored and controlled remotely. The term Internet of Things refers to any device that can be described as “connected” and can be accessed online.  The Industrial Internet of Things is the part of the Internet of Things that applies to manufacturing and various industries.

The main applications are

  • Tracking the movement of goods and materials
  • Benchmarking of usage and efficiency
  • Supply chain management of spare parts
  • Obtaining market data in real time

Robots

Electromechanical devices or virtual agents that autonomously or according to instructions (usually a computer program) automate, enhance or support human actions.

Main applications

  • Manufacturing
  • Hospitality and tourism
  • Automation of predictable operations
  • Data management

Also Read: Smart Ways to Work Your Dream Job

3D printing

A method of layer-by-layer creation of three-dimensional physical objects based on a digital model by sequentially overlaying or “printing” material. 3D printing uses innovative “inks” such as plastic and, more recently, glass and wood.

The main applications are

  • Healthcare and smart medical devices
  • Prototyping
  • Product customization
  • Remote manufacturing

Virtual Reality

A computer simulation of a three-dimensional image or a full environment within a given and controlled space, with which the user can realistically interact. The goal of virtual reality is to achieve an “immersive” effect, and usually requires special equipment such as helmets/headphones.

The main applications are

  • Product manufacturing/development
  • Engineering and construction
  • Education/training
  • Merchandising

Augmented Reality

Adding visual and other information to the physical world around us by overlaying graphics and/or audio to enhance a user’s experience of a task or product. This “augmented reality” occurs through the use of assistive devices that transmit and display additional information.

Key applications

  • Virtual expositions
  • Education
  • Printing and advertising
  • Retail trade
  • In addition, read more helpful resources at mashableonline

Artificial Intelligence

Software algorithms that assist in tasks that traditionally only the human mind can do, such as visual perception, speech recognition, decision-making, and language translation.  The concept of “artificial intelligence” includes many areas, such as machine learning, which aims to write self-learning programs that can “learn”, “understand”, “plan” and “act” (i.e. become more “intelligent”) when dealing with given amounts of new data.

The main areas of application are

  • Personal wealth management
  • Real-time risk and fraud management
  • Automated virtual assistants
  • Customer service, customer support hotlines

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