In the modern day, technology is more intertwined with technological developments than it ever has been before. Businesses are extremely reliant on technology now. Forexample, most companies’ data is stored in Cloud-based systems like SharePoint and OneDrive.
What are some previous examples of this?
One of the main historical technological advancements to shake up business in the recent past was the introduction of the .com website (which stands for “commercial”. Although the first .com website went live in 1985, it took about 10 years before this really took off.
This made way for the birth of eCommerce, enabling businesses to sell products to a wider audience than ever before. Prior to this, businesses were more dependent on local customers. They had to rely on newspaper ads and shopfronts to get new customers.
The rise of e-mail and the mobile phone made it much more possible for businesses to communicate speedily and from any location.
What are the most recent technological developments shaping business?
The use of USB-C cables to charge devices is becoming prevalent. The EU passed legislation in 2022 requiring all non-wireless phones, tablets and cameras sold within the EU to charge with one connector type, the USB-C cable. Faster than other types of USB cables, USB-C cables will help businesses achieve faster data and power transmission.
Another example is automation. This is a broad term that covers anything from online chatbots to automated email marketing software and payroll software. Automated services have become more affordable in recent years, meaning that even the smallest businesses can find ways to use it to their advantage.
In the manufacturing industry, 3D-printing has become a popular manufacturing method now that 3D printing machines. This has also been around a while, but has nowbecome more popular because it has become more affordablefor businesses. 3D-printing is a significantly speedier way of creating prototypes and final products of all different varieties.They can create car parts, furniture and prosthetics, to name just a few.
Furthermore, in the food manufacturing industry, using a powder mixer for food and beverage plays a crucial role in achieving consistent product quality and uniformity. The mixers blend ingredients efficiently, ensuring that each batch meets the desired specifications and standards. They are vital in maintaining efficiency and accuracy in food production processes.
How might technology change business in the future?
In future, we can expect to see many more technological advances that change the way whole industries are run.
We can expect automation to continue growing. With the rise of hybrid working, there is more of a place than ever for automated services that help colleagues collaborate and organise their tasks.
More jobs could become automated. Repetitive labour such asproduction line work are likely candidates for this, with production line robots getting better and better. Though this isa cause for concern for some, on the positive side, automation could also create new jobs in the tech sector. This is because it will create a need for people to oversee new AI technology and ensure everything is working as it should.
Technological advancements started to speed up the way businesses are run in the 20th Century, and this shows no sign of slowing down. It’s important for businesses to stay abreast with new tech so that they can keep up with the competitionand stay relevant in their markets.
