Technological advancement helps business and companies, both small and large, accelerate in the right direction in terms of developments. There is a dramatic improvement in productivity and security of business, as more and more business are relying on technology and current innovations more than ever to influence most of their activities.
That’s why it’s imperative for companies and businesses to have a roadmap of where technology is heading or be a step ahead of the technology curve. So, to be on par with tech advancements, here are major business tech trends that you should keep on top of your company list in 2016.
The Internet of Things Expands Real-Time Data
We are in the age where we rely on metrics that are precise. Estimating inventory is now a past tense. Checking field equipment manually or having to wait for it to break is now a thing of the past. Understanding how a certain product is used through the so-called educated guessers or using customer polling to understand product use is not precise enough. Cloud computing, cheap onboard processors, and ubiquitous cellular connections are making the dream of the Internet of Things a reality, thereby enabling businesses to get data and monitor them from any devices that are available, whether internal or customer-facing.
How Will Businesses Ensure Maximum Utilization Of The Internet Of Things?
Studies suggest that there will be close to 26 billion connected devices by the year 2020. There will also be an operational opportunity for business equaling to close to $19 trillion. Based on these surprising statistics, the question that should be ringing in the mind of business people is how they will ensure maximum utilization of the connected devices in order to take advantage of them.
Processing Of Payments Become Even Easier
For your information, there is a something called Apple Pay that allows people to make payments without using their credit cards physically. This is just the beginning, as 2016 is the year where payments will be swifter and frictionless, whether made at the point of sale or online.
Statistics reveals that more than 60% of smartphone users have already used their smartphones to make transactions. Also, a handful of payment-processing technologies and cloud services make purchases using mobile and get digital refunds and receipts as easy as a click of a button.
Always having to pull out your credit card to type information regarding your bank account when making a purchase, adds friction especially when using mobile devices. Fortunately, the tech gurus have finally come up with a solution, and this is great news for businesses.
Embedded communication launch
Currently, consumers are conversant with real-time communications (RTC) via applications such as WhatsApp and Skype, and the next evolution will be to embed these crucial and helpful communication services directly into websites and smartphone apps.
Emerging standards like WebRTC make it easy for businesses to embed these RTC services right into their websites and mobile apps with a few lines of code.
Technologies such as the open-source real-time communications standard that is supported by Google as well as WebRTC will introduce this new frontier. Some of the most effective innovation to expect is RTC communications and click-to-call directly at the purchase point so that consumers can swiftly have a chat with a sales representative whenever they have a pressing issue that need clarification. Also, they can get immediate support by initiating a video chat or a voice call with the customer care.
Additionally, providers like Agora.io have made these communications easier and mobile friendly by ensuring a guarantee of delivery of end-end quality services. This makes sure that connections are assured even when there is shaky internet access for mobile users or when having inter-country communication.
Cloud services use magnifies
Over 93% of businesses currently rely on cloud-based technology to carry out, at least, one business process, and it’s likely that your business is one in this bracket.
Yet, most business runs only a part of their process through the cloud. According to a study conducted by the RightScale, close to 68% of business run less than a fifth of their software in the cloud.
These statistics are bound to change this year, as the clouds value proposition has been proven and the benefits of mobile access, connected systems, and turnkey software solutions push further migration away from the on-premise software.
IDC has predicted that revenue from global software-as-a-service will clock $106 billion in 2016 as the rate of adoption is growing at a rate of 21 percent in 2015.
Wearables help in real-time data management
Internet of Things and analytics are making data play an important role in business and over the course of 2016, wearables are expected to find their way into business just like tablets did some time back.
Wearables tech, such as the Apple Watch, will make the interfacing of real-time data easier over time, and will enable workers in this field stay connected without having to pull out a smartphone or living by a laptop.
Many companies such as Salesforce are aware that wearables are a top trend to watch in business in 2016 as confirmed by the study done by Apple under the 20 business apps for the Apple Watch 2016.
Security has taken the center stage
Recent advancement in technology such as cloud computing, the Internet of Things and mobile technology have accelerated the pace of technological change, but one area that has been lagged behind is security. In 2014, there were 783 cases of data breaches that were recorded. In 2015, the numbers became worse.
After years of less emphasis on this sector, consumers and business are starting to become aware of the fact that data protection is an integral component of business in this digital age.
2016 should to be a year that is all about tighter safeguards and added security.
There are expectations that business and consumers will adopt tighter safeguard measures and added data protection. Business should encrypt data during data transportation and storage as one of the measures to enhance data protection. Also, business should ensure better business mobility management for bring-your-own-device tablets and smartphones, adoption of cloud solutions that prioritize on taking security as a fundamental thing, and containerization to avoid breaching of other security systems.
Technology is the driving force of business. Check out these business tech trends and apply them in your business to shape the course of your business in 2016.