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 in Business

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 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

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Your Website

How To Know What’s Good For Your Website?: Tips To Find The Best Solutions

Successful online visibility is an integral part of gaining customers’ attention, keeping the existing customers as well, and sharing the business mission with the target segment. Your business website is the core anchor for your digital marketing efforts. If you are designing a captivating website, the user experience requires a greater understanding of the problem through different visitors.  Therefore, rapidly changing digital trends can make the website outdated and old. While redesigning might be ideal, you might need more resources or revenue to invest in such a large project.  In order to help you overcome this challenge, we can put together a list of simple tips to help you improve your website.  From the article, you will discover some important tips to help you find the best solution for your website.  Tips To Improve Your Website In the digital world, your website is the primary hub for your marketing endeavors. Engaging with professional maintenance and design services, such as those presented at eversite.com, subtly elevates the user experience and deepens insights into visitor interactions. This nuanced approach enriches your digital presence and fosters a more intuitive and responsive user journey. Here is a list of solutions used by professionals that will help you improve your website: 1. Add Value Proportion  The value proposition or value statement conveys to the visitor what they do and why they do it. You can place a value proposition on the home page. Place it in the headline.  Next, you can add it to your blog page or About page. This will let the visitor know what they will get if they hire you, subscribe to your newsletters, or read your blog.  2. Well Functional And Design  Your business website will reflect your organization, your product, and your services, along with the brand itself.  This is why it is crucial to be aesthetically appealing, professional, and polished. However, you can allow a white space with uncluttered layouts, quality images, and a graphical look. This will allow your message to captivate your target audience.  Furthermore, it is also important that the site works effectively and correctly as expected. You can develop as per the web standards, test regular issues, and proofread rigorously. Similarly, each page must always be functional and fast. This is due to the fact any of them can be your target audience in the first impression.  Make sure you check if the website needs to be faster, better constructed, or has broken areas that will end up frustrating your visitors and make them want to leave.  3. Readily Accessible Location And Contact  Your target audience will not track you down. So, one of the best solutions for your website is to make it engaging by offering various contact points.  This can be done through phone calls, easy-to-use contact forms, and, of course, social media. On the other hand, for you, Google Maps is an addition. Furthermore, you need to ensure that this particular data comes readily available within a helpline page if only some pages of your website face issues.  4. Optimized For Social Web And Search  More is needed to build an effective website that is easy to operate. All it requires is to boost traffic. If not, all the design, content development, and UX efforts will not be effectively optimized.  There are tons of guidelines and rules for efficient search engine optimization. A good place to start with is here: Optimize content on your site to align with words that people look for.  You can optimize meta tags and page titles within each page and alt tags on all the images.  On the other hand, optimize cascading style sheets made for the layouts. Furthermore, keep the business clutter-free from HTML codes. You can use keywords that are appropriate to link and content.  On the other hand, you need to streamline it as possible so that visitors can share your content. Along with that, social media can generate a large amount of traffic, which positively influences your search ranking.  The basic tents will assist you in getting more value from the web presence as you drift towards the website you require.  5. Use Responsive Design  There are many users who access your website from both smartphones and desktops, so it is important to build your site with responsive principles in mind. Some of these may include - Shopping cart function. Enhanced visibility for important icons. Making easy navigation for the site. Furthermore, you can review your mobile site to ensure a crucial action such as the “order now” or “pay now” button on every page visitors visit.  6. Generate High-Quality Content  Good content can create another factor that can positively impact your website's success.  Content details will depend on the nature of the industry and its brand vision. Therefore, it is most effective when the website follows some of the same patterns.  Thus, keep the material easy to read. Hence, this will keep the readers who are busy and might want to scan the content engaged.  On the other hand, using effective headlines can grab the reader's attention and help them with the necessary information. Remember to integrate the SEO keywords that assist in increasing the chance of your website appearing early in a custom SEO plan.  7. Integrate Social Proof When there is social proof, it will refer to the buyer’s tendency to trust others' opinions about services and products.  Similarly, you can use social proofs to improve the website by incorporating favorable reviews. You can also highlight readers that others have recommended and purchased the products.  Furthermore, you can also include links to your social media channels so that there is leverage on social proofs.  8. Use Call Of Action Interaction  Clearly, this shows which action a viewer can take after they visit your website and can help improve the likelihood of doing so.  For instance, you can use a highly visible color and font for the “buy now” button on your e-commerce store.  Moreover, other calls of action include signing up for an email newsletter.  Make Effective Improvements In Your Website  Thus, improving your website can help you reach the target segment more effectively. When you have a well-designed website, it can help you leverage better online marketing strategies.  Similarly, you can experience an increased rate of traffic when there is adequate brand awareness. Depending on the types and context you create, you might increase profits and revenue by improving the website.  Thus, improving your website can assist you in reaching your individual career goals and organizational objectives.  Read Also: Ordering Made Easy: Navigating The Landscape Of Restaurant Websites What Are Piracy Websites? | Top 10 Pirated Websites In The World 9 Tools To Test If Your Website Is Mobile Friendly

READ MOREDetails
Impact Of Automation On Payroll And Compliance

The Impact Of Automation On Payroll And Compliance

In the rapidly evolving business environment, automation has emerged as a transformative force, reshaping various operational aspects, including payroll and compliance processes. This technological advancement has significantly impacted how businesses manage their financial obligations and adhere to regulatory standards, much like workforce management systems have revolutionized employee scheduling and task allocation. Automation in payroll and compliance offers many benefits, ranging from enhanced accuracy to improved efficiency. This article dives into the impact of automation on these critical business functions, shedding light on its benefits and the future it heralds for organizations. Streamlining Payroll Processing The advent of automation in payroll processing has revolutionized the way businesses approach this critical function. Beyond merely automating calculations, sophisticated software solutions offer integrated time tracking, direct deposit setups, and even mobile access for on-the-go management. This ensures that every aspect of payroll—from initial hours worked to final payment—is handled precisely and efficiently. Automated systems adeptly manage varying tax rates and legal requirements for businesses operating across different states or countries, ensuring compliance and accuracy regardless of geographic complexities. The result is a streamlined process that saves time and significantly reduces the administrative burden on staff, allowing businesses to allocate resources to areas that drive growth and innovation. Enhancing Accuracy And Reducing Errors Automated payroll systems have become invaluable in enhancing the accuracy of financial transactions and reducing errors. By removing manual data entry, the risk of human error significantly decreases, leading to more reliable payroll outcomes. These systems are designed to automatically update in response to changes in tax laws, employee benefits, and other variables, ensuring that every payment is calculated based on the most current information. Furthermore, they offer detailed records and reports that can be quickly reviewed and audited, providing additional oversight. This meticulous approach to payroll not only safeguards against compliance issues but also builds trust among employees, who can be confident in the accuracy and reliability of their paychecks. Improving Compliance With Regulatory Changes The dynamic nature of tax laws and employment regulations makes compliance a moving target for many businesses. Automated payroll systems are equipped to handle these changes seamlessly by incorporating updates directly into their calculations and reporting features. This automation ensures that businesses remain compliant without needing to monitor and adjust to new regulations manually. It also provides a significant advantage in risk management, as the system can alert businesses to potential compliance issues before they become problematic. By leveraging automation, companies can navigate the complex regulatory compliance landscape more quickly and confidently, minimizing exposure to penalties and legal issues. Enhancing Employee Self-Service Capabilities Implementing employee self-service capabilities through automation has transformed the employee experience regarding payroll and benefits management. These platforms empower employees to take charge of their personal information, view detailed pay histories, and access year-end tax documents independently. This level of transparency and control is a convenience for employees and fosters a sense of empowerment and engagement. Additionally, by decentralizing these tasks, HR departments are relieved of routine inquiries, allowing them to concentrate on strategic initiatives that contribute to the company's culture and growth. This shift improves operational efficiency and enhances the overall workplace environment by promoting a culture of transparency and self-sufficiency. Facilitating Data-Driven Decision Making In payroll and compliance, automation provides more than just operational efficiencies; it offers strategic insights. The data collected and analyzed by automated systems can inform various business decisions, from budgeting and financial planning to workforce development strategies. This wealth of data enables companies to identify trends, such as overtime usage or departmental labor costs, allowing for more informed decision-making. By knowing the financial implications of these trends, businesses can optimize their operations, forecast future costs more accurately, and strategically plan for growth. This level of analysis was previously unattainable with manual processes, highlighting how automation not only streamlines administrative tasks but also provides a strategic advantage. Prioritising Cybersecurity In Automated Systems An additional point to consider in the context of automation in payroll and compliance is the critical importance of prioritizing cybersecurity. As businesses rely increasingly on digital platforms to manage sensitive employee information and financial data, the potential for cyber threats grows. Implementing robust security measures, including encryption, multi-factor authentication, and regular security audits, is essential to protect this data from breaches. Furthermore, educating employees about cybersecurity best practices can help mitigate risks associated with phishing scams and other digital threats. By prioritizing cybersecurity within automated payroll and compliance systems, businesses can safeguard their data, protect their employees' information, and maintain the integrity of their financial operations in the digital age. Conclusion In conclusion, the impact of automation on payroll and compliance is profound, offering businesses the opportunity to streamline processes, enhance accuracy, improve regulatory compliance, empower employees, and make informed decisions. As technology advances, automation will likely play an increasingly central role in these areas, much like workforce management systems have become integral to managing modern workplaces. The benefits of automation in payroll and compliance are clear, promising a future where businesses can operate more efficiently, accurately, and compliantly, ultimately contributing to their overall success and sustainability. Read Also: Common IT Security Risks in the Workplace Everything You Need To Know About PKI In Cybersecurity Would Your E-commerce Website Pass the Cybersecurity Test? Here are 3 Things You Could be Doing Wrong

READ MOREDetails
Why I Can’t Download From Google Drive

Why I Can’t Download From Google Drive? How To Fix It?

Why I can’t download from Google Drive remains to be one of the most generic questions that bug every user. Google Drive, as you are all aware of is the most popular component of Google that provides users with a great number of functions and features. It is extremely feasible to access, and people won’t have any trouble understanding the ways of its work. Many users around the world prefer this platform over any other to store their folders and files. The problem that we are elucidating on remains that sometimes it is not possible to download files from this Drive. Therefore, we are here to find a solution. What Is Google Drive? Google Drive is basically a storage solution powered by Google that is cloud-based. With the assistance of Google Drive, you will be able to save files online. It can be accessed at any time from devices such as tablets, smartphones, and computers or laptops. There are many advantages to being able to use Google Drive.  It is quite feasible to share as well as store your files in a reserved location. This software has built-in integrations associated with the suite of Google’s services and products and even makes use of various collaborative tools. If you are already signed up on Google, be sure to acquire an additional space of 15 GB on the Drive.  Why I Can’t Download From Google Drive? Google Drive, as you know, provides us with several benefits to help ease our work over the internet. It also allows us a great deal of storage space that is adequate for standard use. However, at times you might be faced with a few problems occurring around Google Drive. The most general of all these issues is that you can’t download from Google Drive. There are two major reasons that cause this problem of not being able to download from Google Drive.  The first cause is that the number of file downloads is generally limited by the software. This is because many people can get access to the file within a span of twenty-four hours. Whenever someone shares the files on Google Drive, this scenario pops up. Hence, these occurrences will deny your file download.  There might be another irrelevant issue that will make you realize that you can’t download files from Google Drive. The reason is a poor internet connection. Since the Drive is a cloud-based file storage system, the user must have a proper net connection at all times for getting access to the files.   How To Fix Can’t Download From From Google Drive? There are various ways to fix your problem of why can’t I download from Google Drive. Let us have a look at some of those: 1. Restart Your PC No matter which operating system you are working on from Mac or Windows, restarting your computer is always the best initial solution before hopping on to other solutions.  2. Few Other Methods Method 1 Right-click on the file you want to download. From the drop-downRight-click menu, choose the download option. If more than one file is to be downloaded, select the desired number of files. Right-click on any of these files and select the download option from the menu.  The files will now be downloaded.  Method 2 Choose the folders or files you want to download. On the top right corner, you will find the three-dot icon. Click on it. From the drop-down menu, select the download option.  Method 3 Open the file if you wish to download any specific photo or video. Click on the download icon at the top right corner.  The file, image, or video will now be downloaded. Method 4 If you do not have any Google accounts and are still using Drive, then on the file list view, you will find the download icon on the right-hand side. Move your mouse towards that part and click on the icon that appears. This will allow your file to be downloaded. 3. Enable Cookies Open Google Drive in Chrome Browser. As you find a tiny lock icon on the left side of the address bar, click on it.  From the list, click on cookies. You will find a pop-up window appearing. Here, you need to click on the Blocked Tab option.  Find out any link that is related to Google and click on it. Next, tap on the allow button at the bottom.  Finally, choose Done. Restart the browser or page, and you will have the downloading options open to you again. 4. Switch Google Accounts A user needs to be signed in with the same account to get access when someone else sends a Google Drive link for downloading files. The file-sharing permission of Google Drive follows two considerations. The user can easily be able to view or download the files if the owner who generates the link has made it accessible for all. However, on the other hand, the owner of the link can even limit the number of users who can get access to the file by mentioning their email ids. During such a case, if you aren’t signed up as a Google user, you might witness errors in the file not opening. This way, you can’t download from Google Drive. Thus, you need to choose and switch for the correct account on Google.   Final Thoughts Well, I hope now you have a clearer picture of why you can’t download from Google Drive. However, in this article, every aspect of this issue has been covered. The ways how to overcome this problem have also been explained in various steps. Thus, you just need to read through and understand so that it won’t be any difficult task for you to face such an error. More Resources: How to Free Up Space on Your Mac Top 10 Computer Security Mistakes Best Server Management Tips for Startups

READ MOREDetails