Technologies as we see it has changed a lot in a decade. In fact, it changed a lot if you compare the last five years. Yes, you may face some negative aspects running a business, but surely, with new technologies, running a business has never been so easy. What it also did is make new ideas accessible to more and more people.
Now, of course, corporate giants are taking aid of all these new tools. That said, the small-scale industries can also seek help from these new techs to make profits or manage the operations better. So, in this article, we will talk about 5 such incredible technologies. We will learn how they are revolutionizing those small industries.
Also Read: Top 10 Technologies to Learn in 2020
Technologies That Are Revolutionizing the Small Business
Here is the list of best technologies that revolutionizing the Small Business in the coming future.
1. Virtual Offices
Let us know what the Virtual Offices are. In simple terms, this is a 3rd-party service that one company offers to others to manage the workforce from any geo-location. If you are an owner of a small firm, a part of your company operation will be managed by people not working under your payroll. Of course, you can run your entire company operations via Virtual Office services, as well.
If you are wondering what benefit it will reap, you will be shocked to know the recurring expense you will save while availing Virtual Office services. Also, in case of any emergency, your regular operation will not get affected a bit. Another reason it is a viable option is if you are in a lack of quality employees, it will help you to meet up that aspect.
Some people may consider the Blockchain technology only for the cryptocurrency services, but in reality, it is much more than that. For those who are unaware of what Blockchain is, it is a digital ledger that you can use for secure digital payment. Let us assume a transaction is a block, and therefore when it gets attached to the Blockchain, no technology can break the code.
As we know, there are priorities for digital security; Blockchain can play a crucial role. It is not only the most secure service; it is one of the most cost-effective options too. You can hire techies to tweak the service to store any digital data without worrying about its safety. However, the technology is not quite there yet, and thus, we must consider it as an option for the future.
3. Artificial Intelligence
If anyone is considering using AI in for its business operations five years ago, people will either laugh about it or would have termed it an expensive option. However, things have changed a lot since then, so is the use of Artificial Intelligence (A.I). But what is A.I? In simple terms, it is a piece of tech, where a machine takes a decision when given an option to choose.
Now, if you are wondering what good it will do for your business, you may be amazed to see the list of things it can do. Suppose you are a steel manufacturer; you can use a Chatbot powered by an A.I in your website to guide your potential buyer.
The results are instant, and in the longer run, it will save a lot of money. The service level is unmatched when compared to any personnel.
4. Big Data
Another piece of tech which has caught the attention a lot is Big Data Solution. Previously, only corporate giants can afford the service. However, with growing popularity, the service is more available to people.
Meanwhile, Big Data is a service that safely manages and uploads physical data to digital platforms. That will allow the user to understand the trend and easier to compare data.
Google Analytics is an incredible tool that you can use to get information about your website’s performance. With this service crafted for your business, you can do a comparison study and improve on the aspects where your business lacks. It is cheaper than it sounds and you will get results much faster. Plus, you can plan your next marketing campaigns based on the generated data.
Also Read: How to Become a Good Data Scientist?
5. Augmented Reality
The last piece of tech that we will discuss is indeed futuristic – Augmented Reality. Let us give a brief intro to the service first. It uses real-life environments and enhances artificial images over them. So, when you are using your phone’s camera, you can see augmented images mounted over the live ambiances.
Now consider that piece of tech in your existing business. Suppose you own a furniture shop. Using a mobile app and Augmented Reality service, you can display any products to your buyers without them physically present in your shop.
Or, let us assume you are a real-estate agent; you can show your client the possibilities of an apartment even before it finishes constructions. It is a tech that shows us the future without been there.
So, that concludes the list of technologies that are revolutionizing the world for small business owners. However, there can be other pieces of tech that can curve a better future for small businesses. It is just we believe the above mention technologies have untapped potentials to really make a difference.