New Technology in Business: 4 Inventions in 2019 That Are Changing the Game

Published on: 14 March 2019 Last Updated on: 15 July 2024

New technology has been changing business throughout history.

For instance, the invention of the printing press in the 15th Century had profound effects on the global economy and society overall. Mass production led to lower prices. Books and reading were no longer reserved for the rich and powerful.

The printing press enabled the exchange of information and reduced the class-divides that had been sustained through an uneducated, illiterate populace.

Of course, a modern-day equivalent would be the invention of the internet. But these are just 2 examples! Clearly, tech and business are often interconnected.

What are the latest inventions in tech that are influencing business around the world?

Keep reading to find out 4 pieces of game-changing new technology in business.

New Technology in Business: 4 Top Inventions:

Modern tech is changing the way business is run. Check out these 4 new inventions that are having a major impact.

1. The Internet of Things (IoT):

IoT is one of the hottest topics in tech right now.

It describes the interconnection of devices and everyday items through the internet. Think smart fridges ordering food whenever you’re running low.

Think calendars connected to self-driving cars, taking you automatically to your destination. Think kettles connected to alarm clocks, starting to boil shortly after you wake up.

The business opportunities are endless.

2. Conversation Intelligence:

Remember Wolf of Wall Street?

Jordan Belfort was a killer salesman who knew what to say to make a sale. He then took that insight and created a script for his employees to follow. Before long they were making sales with ease.

That’s the basis of conversation intelligence. You find what conversation works, then incorporate it into your sales pitch.

3. Artificial Intelligence (AI) Systems:

AI may seem like something from a dystopian future.

But it’s happening now. And the impact on business will be enormous.

Take customer markets, for example. Businesses will learn exactly what a consumer wants based on their previous decision making. Likewise, customer service can be done with a bot that can respond to customer needs and issues.

The business saves money and the consumer gets the answers they need, whenever they require it.

4. Virtual Reality (VR) and Augmented Reality (AR):

VR and AR remain in their early stages.

But their impact on business will be huge. It’s already having an effect.

Marketing is one example. Take the tourist industry.

Potential customers can walk through the hotel they’re interested in; sit in their flight seats; or explore their local neighborhood attractions…all before deciding whether to actually go.

In truth, there are immense potential opportunities for AR and VR in business.

Time to Wrap Up:

There you have it: 4 pieces of new technology in business that are changing the world.

Throughout history, technological advances have impacted business and society. From the printing press to electricity, to the internet, and so on, tech developments have profound effects on life.

Modern tech is developing at a staggering rate. Time will tell exactly how current advancements will change things. However, thanks in part to the developments we’ve discussed above, the business world is sure to be a different place in the future.

Want more content like this? Click here to check out all of our tech-related articles!

Read Also:

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

View all posts

How Servicing for Your Commercial Boiler Works

If you have a business, you could be making use of a commercial boiler. A commercial boiler would often be classified as such if the unit has a power rating of 70kW and above, and if your boiler unit produces this much power, then it is already categorized as a commercial boiler. You should also know that your commercial boiler needs to be regularly serviced by a professional. With regular boiler servicing, you can be sure that your property will not have any disruptions due to boiler issues, and you will not be left with more expenses in the end. But there is also a proper way to have your boiler serviced. First of all, it needs to be done by someone who is aptly qualified, such as an engineer who has a Gas Safety card. You should check that they have the right qualifications and can do commercial boiler checks and inspections. But when you have your commercial boiler serviced, here's how a proper inspection should be done. Step 1: a visual check: The technician should check that the pipework of your boiler, as well as your flue and the actual boiler, are correctly installed, and they should do a visual check of both the external and internal components as well. The technician should also check for the right ventilation as well as do a visual inspection of the flame and check for any signs of leaks or corrosion. Since you are operating a commercial boiler, they should also check that it follows regulations for non-domestic property. These regulations include gas safety rules as well as building regulations, by-laws for water, and European and British standards as well. Step 2: a check of components: The engineer or technician should then remove the casing of the boiler and inspect each internal element or component. Some parts which need to be inspected by the engineer include the gas flow and pressure, the combustion and flue, the heat exchanger, the burner, the main injector, the electrical connections, the spark probe, the seals and fans, the electrodes, the condensate pipe and trap, and the safety components or devices. After this, the engineer should clean the boiler’s insides to remove any blockage or debris. Step 3: the tests: The engineer should then perform tests to check that the boiler is functioning correctly according to Gas Safety regulations for installation and use. If any issues are found (e.g. gas leaks, faults, and parts which are damaged), the engineer should make a note of this in the report. Step 4: the report: Once they have thoroughly inspected the boiler and all its components, the engineer should give you a report of their findings and the process and checks they made, as confirmed by an experienced commercial gas engineer in north London. If there is an issue, it should also be in the report, particularly if it involves replacement or repair. If your boiler violates any regulations pertaining to Gas Safety or building regulations, the engineer should include this in the report as well. It is essential that you ask as many questions as you can and voice any of your concerns while the gas engineer is there. This is your chance to ask for guidance and advice as well – it is, after all, your business property, and by taking advantage of a full check and inspection, you are adequately protecting your assets too. Read Also: How To Become A Certified HVAC Technician In Canada 13 Ways To Maintain The Coolness Of Your Air Condition Unit

Managed IT Support vs Technical Support

Whatever the business and industry, there’s no doubt IT support is the key element ensuring proper operations. It partially makes for the success of a company. With a countless number of IT support providers, it may be quite a hassle to decide on the format of such services. Should you choose managed or technical support? The fundamental difference lies in the way things are handled. That is why businesses ought to evaluate their needs and requirements so that they can decide on the form of IT support. Today, we’ll discuss what managed and technical services are. The Core of Managed IT Support Managed IT support is a relatively new concept. Its proactive nature provides numerous benefits for a company. Even though it’s usually aimed at bigger enterprises, the trend of opting for managed services is increasingly growing in small businesses as well. The core of this format is constant, 24/7 access to an IT team. In case an issue occurs, companies don’t even need to inform their managed services provider as thanks to the advanced technological infrastructure an error is already being handled. This way businesses can put their efforts into day-to-day tasks while a team of IT specialists is dealing with an issue. The result? Smooth operations as if nothing had happened. Technical Support in a Nutshell Technical support is a more traditional way of handling a company’s issues. If you don’t happen to have an IT department or an in-house IT team, you might find this option fit. Clients usually purchase pre-paid hours on a monthly/quarterly or even yearly basis and in case an issue occurs, they can use their provider’s manpower to fix the problem. Having access to a team of IT experts can be highly beneficial in terms of running a business in a trouble-free manner especially when a company runs into a bigger project and faces difficulties juggling their efforts. Technical support comes in handy, allowing such a company to put its focus on the important matters while professionals are handling the issue. Managed Services or Blocked Hours - Which is Better? Whether a company should opt for managed services or blocked hours is very individual. Firewall Technical suggests evaluating the needs, profile, and requirements in order to make a smart decision. While managed support is a perfect and highly-efficient option for medium-sized and large enterprises, small businesses can find it fit too. The biggest difference here lies both in the cost and effort. Managed services is a more pricey form of IT support but it generally pays off in the long-run. Technical support, while being a cheaper option, does not give companies full 24/7 access to a team of IT experts. The contract is based on a specific amount of blocked hours that can be used within a certain period of time. That is why a thorough analysis should be done beforehand. However, if you own a digital company no matter the size, you would probably find managed services to be the more efficient option. Advantages and Disadvantages Listing pros and cons is always a good idea in order to estimate the best solution for your company. There’s a lot to consider in terms of budget, time, and effort. So what are the biggest advantages and disadvantages of managed services and technical support? Managed IT Support A growing number of companies are going for this type of IT support. No wonder, all the issues are handled right after they occur, or long before they even get the chance to. This is one of the biggest advantages of managed services, and that is why it makes a perfect fit for those whose operations rely heavily on IT systems. Your company’s efficiency will most likely boost thanks to outsourcing it. Increased focus on development and innovation gives businesses additional asset - competitiveness. Experts at Miropoint emphasize that it’s not only about fixing issues and updating software but most importantly about preventing errors from happening in the first place. Another very prominent pro of managed services is the level of security, which is crucial if you’re running a business that stores clients’ sensitive data. Cybercriminals like to hunt such companies down and this could cost you money, trust, and reputation. When talking about the biggest cons of managed support, businesses usually mention the cost. It scares most small companies off since they simply can’t afford it. Well, that’s what they think. They seem to be forgetting about the long-term effects when managed support is a highly cost-efficient solution and does pay off. Technical Support IT support prevents your technological infrastructure from any malfunction but not 24/7. In fact, you can use the help of experienced IT professionals any time you need as long as you purchased enough blocked hours to fix your issue. Again, you can also have them improve your old systems so that they’re more compatible with new software. This solution, therefore, could be beneficial for companies that don’t rely on IT infrastructure entirely. Another advantage is that you’re not bound by any contract. You pay for what you need. No overhead expenses, no flat monthly fee. Such providers are usually quite flexible when it comes to purchased hours so you don’t have to block the same number as the previous month for instance. There are some drawbacks too. Even though technical support experts have access to state-of-the-art technology, they don’t monitor your systems 24/7, which can cause slight delays before the issue has been recognized. It is also said that sharing information with a third-party could be risky, however, the policy doesn’t allow them to use any information. Conclusion The true winner is hard to determine. For some managed services is the top option that provides continuous monitoring, updates, improvement, and security. It is quite costly, which may scare smaller companies off. In this case, they will probably opt for technical support and use an as-needed form of cooperation. No matter what you decide, remember to evaluate your company’s needs and choose the support accordingly. Read Also: All About The Legal Entity Identifier: A Mandate Of The Future! What is Business Intelligence and How Modern It Gadgets may Improve Them Effectively

The Beginners Guide To Dealing With Website Downtime

According to recent research, the average website is down for about three hours per month as a result of downtime to web hosting servers. The 99.9% uptime guarantee and refund policies offered by most to hosting provider, won't matter if you have lost traffic as a result of downtime. On average businesses can lose $10.6 million a year as a result of website downtime. What Are The Major Causes Of Website Downtime? Website downtime occur for reasons,some of them include: Website code issues: poor programming can cause heavy loads on servers which leads to database error then eventually, makes the site unresponsive Hacker attacks: a website can be brought down by attack from hackers in various ways - the server can be overloaded with DOS attacks, or malicious code is injected to steal security credentials - either way, the website owners are often forced to shut down the site in order to resolve the problem. Data Centre issues: downtime can be caused by the hosting company itself. In this instance, uptime monitoring tools come in handy because they allow you to track the reliability of your web hosting company. Increased traffic: increased traffic is probably one of the leading causes of website downtime. The only way to keep your site up and running even when there is a traffic surge is to engage the services of a reliable web hosting provider - a fully functional optimized website would be useless if your web host is unreliable. How To Protect Your Website From Downtime It's been established, website downtime can negatively impact an online business bottom line, therefore it is important to have protective measures in place to safeguard your business. Some of these methods include: DNS management: is a service that automatically reroutes traffic from the affected server to a secondary server. Backup recovery: setting up a secondary hosting account with a different hosting provider on a different server is a great backup option, that makes it easy for you to get your website online if your primary server experiences downtime CDN: this network will basically store and deliver all cached content from your website and will protect it, in the occurrence of any short time downtime. The combination of DNS management, a content delivery network (CDN) and a backup host- backup listing will go a long way in protecting your website from experiencing short or long-term downtime. How To Avoid Prolonged Downtime With A Great Website Recovery Plan Website downtime is unavoidable -site updates, extreme weather or equipment upgrade can cause website downtime. A website recovery plan and backup are are important to keep unplanned downtime from adversely affecting your business. Before setting up a website backup and recovery plan, you would need to put up - website monitoring systems in place to track website uptime. These monitoring tools provide vital information regarding website performance and availability. With these tools, you can create a different test (checks on your website), to accurately narrow down the root cause of the problem and take adequate steps to correct it. These checks have to be set up outside of the basic HTTPS check the include-checking against known databases of virus and malware sources, record changes to DNS records and so on. Set up a downtime page The best time to set up a downtime page is when you still have access to your website. It comes in handy when there unplanned downtime or planned downtime. This page informs your visitor that you are on top of the situation. Putting up a 'service unavailable' or a 'website undergoing maintenance' message on a page is a great way to keep credibility and show that you have control of the situation. How To Handle Website Downtime 1. Confirm site downtime: before taking any major step, you need to verify that your website is really down - that is, make sure it isn't a problem with your Internet connection or browser. To be extra certain, use a different computer to test out your website. 2. Find the cause: you should try to ascertain what caused the downtime -hardware issues, a programming error, expired domain or a DNS problem? 3. Get in touch with IT support: get in touch with the support of your web host and get assistance for the issue. if you choose a great web host, you should have ready support available. 4. Inform your website users about the downtime: it is imperative that your website visitors are not left in the dark. Put out messages on your social media account to keep your customers informed about what is going on and that your business is taking steps to address the problem. If it is a planned all downtime, it is good practice to send out a warning message detailing the date and time of site maintenance. 5. Check-in with IT: communicate regularly with IT and offer any information they may need regarding the web server or your website. You should also get an estimate of how long it would take for the problem to be solved. 6. Remain calm: this is tough to do but it is important to remember that website downtime can affect anyone and it is not the end of the world. Keeping calm is a great way to stay on top of the situation and resolve it quickly. In Conclusion A website is an integral part of a business's online success. Because of the great number of website downtime, it is imperative that downtime is dealt with swiftly to avoid long-term repercussions -loss of clients loyalty, the revenue. Thankfully, major search engine websites like Google have put measures in place to help website owners mitigate SEO ranking damage by providing a way out. Read Also: What Makes A Good Mobile Website 7 Advantages Of Using Website Design Templates Winning Tactics To Build A Competitive Service Delivery Website

New Technology in Business: 4 Inventions in 2019 That Are Changing the Game