Technology can help you run your business more efficiently. Sometimes the right tool can be the secret to achieving all your growth goals. However, technology also changes very quickly. So, it is important to keep your eyes on certain trends. Being watchful will help you to determine when is the right time to jump on a new idea. These are six technologies you should watch in 2020.
1. Machine Learning
Artificial intelligence has taken a huge jump forward in the past decade with major advances in machine learning. This is a form of AI that focuses on the system being able to learn from inputs and outcomes. So, developers can create ML systems then teach them using data inputs.
This has helped to significantly advance some types of businesses. In other areas, it remains mostly a novelty. However, it is important for everyone to watch this. You may soon find that there are ML solutions that can help you run your business more smoothly.
2. Data Analytics
Data plays an ever-increasing role in the business world. It helps managers to make better decisions on how to run their businesses. For example, you could use data on your customers to help design a more effective marketing campaign.
Of course, implementing effective analytics can be challenging, especially if you have a complex data set. Fortunately, you can use data wrangling to clean and structure the information you have collected.
3. Mobile Customer Experiences
Mobile technology is very important to how many people interact with the world today. You can expect that your customers are using their smartphones and tablets to connect to your website and other digital experiences. It is important to support the smaller screens that they are using.
Brands should be mindful of the value of complete mobile experiences. Better yet, they should be carefully designing screen-agnostic experiences. These are crafted so that they will work perfectly no matter what size or shape the screen is.
4. Technology-Enabled Workflows
Businesses are getting more from their team members by simplifying workflows using technology. Tasks that used to involve manual entry and paperwork can be finished significantly faster. For example, you could use mobile construction technology to help with timekeeping on your building project for your business to run efficiently and smoothly.
There are numerous tools that let someone get more work done than ever before. The key to success is to find the right tools for your business and operational processes. When you find something that integrates perfectly, you can save a lot of time and effort.
5. Collaborative Tools
Collaboration is at the heart of most business activities. Tools that enable this such as video conferencing, instant messaging, and more are getting better every year. While most of these technologies have existed in some form for years, more modern options are outstripping their predecessors in terms of features and usability.
These tools are especially valuable for companies that want to let their team members work remotely. This can be a valuable perk to a lot of professionals today.
Although bitcoin and alternative digital coins are still somewhat on the fringe of the business world, there continues to be a lot of interest in them. Many brands can see that this technology is here to stay and getting in early could be very lucrative.
The blockchain is perhaps the most significant of the elements of bitcoin technology. This is the system that helps to validate and secure transactions. It could potentially be applied to many other currencies. Using blockchain technology, it may be possible to usher in a completely new era of digital transactions.
These technologies should be on your radar during 2020. If you want to set your business up for lasting success, it is valuable to pay attention to what is happening with the latest tech trends. Learn more today and get started with some of these tools to see what you can achieve.