Modern businesses are undergoing digitization at an impressive rate, but many still haven’t grasped the benefits of this digitization. In short, the average business that underwent these shifts suddenly had double the data at their disposal to use and manage. If you feel as though you haven’t done so, here are a few business areas that properly using your business’ data can significantly improve.
AI has been one of the leading technology topics for years now, and it’s not that surprising considering how many software developers are using the concept. For years it took a lot of people to realize that algorithmic machine learning could have massive benefits for business and society; they just thought AI was for the development of cyborgs. In business today, however, AI can be found in all types of applications. Let’s take a look at a couple of ways AI is currently being used in business.
Some businesses have caught lightning in a bottle with the advent and overt use of the Internet. These companies now read like a who’s who of technology: Amazon, Google, Facebook, Apple, Microsoft. These companies are now some of the most lucrative in the world and there has been some very serious questions if they’re using their positions at the top of tech in unethical ways. Today, we’ll take a look at “Big Tech” and debate whether or not something has to be done to break up these companies before they become too powerful to fail.
Technology has changed the way that the average user has consumed media. “Binging” is one of the primary ways that many users want to consume media, watching an entire season of television in one sitting. People want to consume content on their own terms, doing it when they want, the way they want it, and for as long as they want to. Technology plays a major role in making this a possibility.
Your business’s IT strategy is of incredible importance, especially when you consider how much your operations stand to benefit from a functional infrastructure. More than anything, though, IT can ensure that your business remains competitive in a world where the slightest advantage can mean all the difference.
It has been said in many different ways, but for many businesses, inefficiency is stealing capital and keeping your organization from producing at the levels you’d almost certainly like to see. One problem is how do you measure your company’s usefulness, as in, it’s propensity to meet or exceed expectations. Does your business have inefficient operations, or are there just several small inefficiencies that produce the same effect? Either way, understanding the concept of deep learning can go a long way toward giving your business the look it needs to sustain growth.
There’s no question that mobile devices have changed the way society works on a fundamental level. It’s hard to imagine even leaving the house without your trusty smartphone by your side. The iPhone was once advertised as “life in your pocket,” and this phrase has proven to be entirely too true. Eight years following the introduction of these devices, businesses have grown reliant on this type of mobile technology to stay relevant in their chosen industry.
Big data analytics are changing the way that businesses handle their marketing endeavors. You might even have a data collection strategy yourself that’s helped you make changes to your business model. However, do you understand why these changes are being made?
Big data analytics are incredibly important to the average modern business owner, especially when considering how competitive your industry is. You want to get every edge you possibly can. A good business is a growing business, and yours can’t grow without analyzing trends in your industry. This is how big data helps just about any ordinary business become extraordinary.
Whether the world is ready for it or not, the Internet of Things (IoT) is on its way. As such, there is a lot of controversy about what actually constitutes the Internet of Things. Infoworld argues that a lot of what the public claims to be part of the IoT, is actually not a part of it, and that we need a more substantial definition for this oncoming phenomenon.
A lot of today's companies are taking advantage of the money they can save by switching to an outsourced IT provider, but they all have their reasons. The reasons why they outsource their IT may vary by company, but there are always constants that can help you figure out what you should expect from your IT.
