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.

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All You Must Know About Construction Business Management Software

Are you contemplating using construction business management software? You should. The inexpensive construction management system should be preferred any day in case you are working on just one or other non-construction projects. Construction companies have specific requirements pertaining to the industry. Project management solutions can take care of them. They mimic construction management features, with the project management features such as task management, activity feed, reporting, and boards. This article will touch base with the main features, top features for the crossover scenario, the role of project managers and construction managers concerning software functionalities. Project Management Features for Construction Companies: The key features that direct your construction project on a successful journey are listed below. These include commercial, residential and industrial construction. Estimating: An estimating tool helps to operate a project within a set budget. The software helps in making bids at a higher price and takes them through integrated scheduling and benchmarking. An estimating tool should work well with enterprise resource planning (ERP) system to aid in delivering accurate estimates from the capabilities of the company and the timeline. Project Information: Construction projects are complicated, operate for long periods and involve many stakeholders. Data drawings and models stack up over some time. These should be brought to optimum use during the project implementation. Project information modeling helps with a built-in reporting and analytics tool. Accounting/Cost Management: Basic benchmarking and budgeting function is available in most of the PM solutions. However, a powerful cost management tool includes estimating and forecasting to provide a complete overview of the project financials. Cost management is vital to managing to account in-house. Excel spreadsheets are a no-no. Henceforth, a project management solution should have an accounting feature to track invoicing, billing, payroll, and budget. Project Collaboration and Communication: The right construction project management application helps in collaborating with the internal as well as the external stakeholders. Improve efficacy by working with owners, designers, subcontractors and other entities. Get the project into a single pane of glass with it. Reporting and Dash-boarding: Reporting tools provide data and insight into profits and more. It makes the user take parameters such as industry, partner, contract diversification, resource allocation, executive level trend data and more into account. Content management: The user can manage the project information into a single pane of glass by holding all the details in a single platform. Gathering project documents, contracts, and drawings are accessible in a single place. But one needs to collect images and safety data, RFIs, COs and share them with the parties involved. Scheduling and Planning: Scheduling is a method to ensure the project moves ahead on the planned timeline. It should enable you to assign the external entities that the project is running on time. The construction scheduling software online should also be flexible enough to make way for changes and modifications in the project schedules and milestones. It offers visibility into the schedule to prevent confusion and misunderstanding. Integration: If it can integrate with other software systems, then there is nothing better than this. The software helps in reallocating resources and get back office efficiencies. You can get all the internal and external data together to improve communication. This helps in learning about the project progress financially and schedule-wise. Productivity and Time Tracking: Regular and accurate field data helps in understanding profitability. A PM software does just that. It enables structuring the project and book in a manner to collect and measure the granular data. Time and resources do not provide helpful data. Summing up: Construction industry requires a solution that can be used for reporting, project planning, monitoring and the ability to meet the requirements of complicated construction projects. It helps in successful completion. Read Also: Construction Plans In Australia Best Uses For Stainless Steel In Construction 8 Reasons Why Your Company Should Get A Vendor Management Software

What is a CMOS camera?

A lot has been written about CMOS digital cameras. However, debates have arisen about the merits and demerits between CCD and CMOS digital cameras. The arguments continue and people have not come up with a conclusion. Nonetheless, it is not surprising that they have not come up with a definite answer since everyone has their preferences. Markets and technologies change with time influencing prices and technical feasibility. There are different imager applications, and they have different and evolving requirements. Some applications work better with CMOS imagers while some work better with CCDs, but this does not mean that one does not outperform the other. CCD and CMOS image sensors : With the advent of social media, today, everyone is buying a digital camera. Every digital camera has CCD or CMOS sensor to convert light into electric signals, but even though these sensors serve the same purpose, they have some differences which affect the camera prices and the quality of the image produced. CCD (charged coupling devices) was used in pioneer cameras for image conversion from to digital pixels from analog signals of light. Due to the manufacturing process used, conversion occurs in the chip, and this reduces distortion by creating high-quality sensors that produce clear images. Nonetheless, since they need a unique manufacturing process, they end up being pricier than the CMOS. On the other hand, to transmit a charge through traditional wires, CMOS (Complementary Metal Oxide Semiconductor) utilize transistors for each pixel. Since each pixel is treated individually, flexibility is guaranteed. The CMOS is made through traditional manufacturing processes just like creating microchips making them easier to produce and cheaper than CCD sensors. They are the reason digital cameras are more affordable. CCD sensors are different from CMOS sensors since, with their low nose or grain, they create high-quality images. However, CMOS also create high-quality images but with high noise or grain. At the right exposure, more light is required for CMOS to produce images with low noise but CCD sensors have more elevated light sensitivity. Nonetheless, this does not imply that CMOS sensors have utmost inferiority to CCD sensors since unlike CMOS that was invented some years ago, CCD sensors have been used in digital cameras for a long time and the technology used has been advanced over the years. CMOS sensors are also gradually being advanced and they will soon catch-up and match up with CCD sensors in terms of revolution and entire quality. With the assurance of higher integration for smaller components and lower power consumption CMOS designers focus on adapting it for the highest volume image sensor application in the world, mobile phones. Designers have invested a lot to develop and fine-tune CMOS images and manufacturing processes. Due to this investment, image quality has greatly improved, and pixel sizes have even reduced. Considering the high volume consumers and line scan imagers, CMOS imagers outperform CCDs based on almost each performance parameter imaginable. Comparison between CMOS and CCDs : CMOS outperform CCDs, machine noise and speed being the key parameters. Conversion of signals from single charge to analog charge and finally to analog signals is different in CCDs and CMOS. CMOS ‘data path is highly parallel in area and line sensor imagers. This causes low bandwidth in each amplifier. By the time they reach the interface between the imagers and the off-chip circuitry, the data path bottleneck, CMOS are firmly ingrained in the digital domain. Conversely, due to their high speed, the output channels in CCDs are more parallel, but they cannot match up the parallelism in COSMOS imagers. Hence, every CCD imager possesses a high bandwidth causing high noise. Nevertheless, CMOS imagers, owing to their high speed, can be designed to lower noise, unlike high-speed CCDs. Besides the performance differences between CCD and CMOS imagers, businessmen also focus on value. It is difficult to value the cost of pictures, but leverage could be used as a great value indicator. Currently, the images in the market are cheaper than custom imagers regardless of whether they are CMOS or CCD imagers. If you need to customize the imager, compared to CMOS imagers, it is less expensive to develop custom CCD. Developing CMOS imagers is pricier because the sub-micron used are deeper and more expensive. The circuitry needed to design CMOS is also higher, and even though this makes better performing custom CMOS imagers, CCD’s value proposition is still more favorable. Final thoughts on CCDs and CMOS : Currently, CCD cameras have higher quality images with higher resolution but CMOS technology is being advanced day by day, and due to its longer battery life and cheaper manufacturing methods, it is bound to capture and even overtake CCD cameras. Some years to come, CMOS will become the norm of digital cameras until new technology comes up. Read Also : 5 Ways Camera Monitoring System Will Enhance Vehicle Safety 6 Coolest Uses For Drones Today

Advancing Search and Rescue Missions with Aerial Innovations

The realm of search and rescue missions is witnessing unprecedented advancements thanks to aerial innovations. These technologies, like drones for search & rescue, are redefining the capabilities of emergency response teams, enabling them to conduct operations more effectively and safely than ever before. This article explores how these aerial innovations are transforming the search and rescue domain, enhancing missions' efficiency, speed, and success rates across challenging environments. Enhancing Real-Time Situational Awareness Aerial innovations have improved real-time situational awareness during search and rescue operations. Drones with high-resolution cameras and thermal imaging can cover expansive areas quickly, providing live feeds to the command center. This immediate access to visual information allows rescue teams to assess situations accurately and make informed decisions swiftly. The ability to survey disaster-stricken or hard-to-reach areas from the air has significantly reduced the time it takes to locate victims, evaluate risks, and strategize interventions, ultimately saving lives and optimizing resource deployment. Utilizing AI and machine learning (ML) algorithms enhances the analysis of the data collected, helping in the identification of patterns and anomalies that human operators might miss, further increasing the effectiveness of search and rescue missions. Precision In Search Operations The precision offered by aerial technologies in search operations is unparalleled. Drones, for instance, can navigate through narrow spaces and harsh terrains, areas where human teams or traditional machinery might struggle or face risks. Equipped with advanced sensors, these aerial devices can detect heat signatures or movement, aiding in identifying survivors in dense forests, collapsed structures, or avalanche sites. This precision not only enhances the chances of finding and rescuing individuals but also minimizes the exposure of rescue personnel to potential dangers. Drones can drastically improve the outcomes of search operations by pinpointing the exact locations of victims, reducing the time required for rescue, and significantly lowering the risk of further casualties. Rapid Deployment And Scalability Aerial innovations enable rapid deployment and scalability in search and rescue missions. Unlike crewed aircraft or ground teams, drones can be launched quickly and in multiple numbers, allowing for simultaneous coverage of vast areas. This scalability is crucial in the critical first hours following an emergency when the likelihood of saving lives is highest. The ability to deploy numerous drones at once or in response to evolving situations ensures that search and rescue operations can adapt dynamically to the demands of the mission, covering more ground in less time. The agility and adaptability of drones make them an indispensable asset in the arsenal of search and rescue teams, enabling a more responsive and wide-reaching approach to emergencies. Cost-Effectiveness And Resource Efficiency Adopting aerial innovations in search and rescue missions introduces cost-effectiveness and resource efficiency. Operating drones or crewless aerial vehicles (UAVs) for surveillance and search efforts is significantly cheaper than deploying helicopters or large teams of ground personnel. The reduced need for expensive crewed aircraft and the ability to conduct thorough searches with fewer resources means that emergency response units can allocate their budgets more effectively, enhancing their overall capacity to respond to disasters without compromising the quality of search and rescue efforts. This economic advantage allows for more frequent and extensive training exercises, ensuring teams are well-prepared, and resources are readily available when real-life situations arise. Improving Safety For Rescue Teams One of the paramount benefits of aerial innovations is the improved safety they offer to rescue teams. By utilizing drones and other aerial technologies, rescuers can conduct preliminary assessments of unstable structures, flood zones, or wildfire-affected areas without directly exposing themselves to these hazardous conditions. This precautionary measure ensures that rescue operations are conducted with a clear understanding of the risks involved, allowing teams to approach situations with the necessary caution and planning. Moreover, by taking on tasks that would otherwise put human lives in danger, drones significantly reduce the risk of injury or fatality among rescue personnel. The deployment of drones in the initial stages of a mission can help determine the best course of action. In doing so, it ensures that when human responders enter the scene, they do so with maximum preparation and minimum risk. Which Drones Are The Best For Search And Rescue? When it comes to search and rescue, aerial surveillance can be done well with the right kind of drones. Just getting any type of drone doesn't help. Rescue missions are operated better with drones equipped with thermal cameras. If thermal cameras are the best, you needed For identifying and searching for a missing person, thermal drones use heat signatures for thermal imaging of an individual. The human body is a source of heat. The thermal imaging technology equipped with the drone cameras detects the heat signatures that the naked eye cannot. The best drones have infrared sensors, making those temperatures visible through the remote screen. It takes quick surveillance to find missing individuals during a disaster like a fire or plane crash. Drones can easily track and find a missing person thanks to the heat signature detection features. Especially during the early morning and at night, the infrared sensor of a drone is useful. The temperature of any human being or animal will be more than rocks, vegetation, and water. So, it helps detect a missing person. Thermal drones cannot see through objects. But, it makes it easy to detect a missing person when their heat signature is visible. A Technical Perspective on How Drones are Used for Search & Rescue 1. Easy Detection A search and rescue mission can involve various types of scenarios and difficult situations. If, for instance, when a rescue party is looking for someone stuck on one side of a cliff, the drone helps a lot. It gives the users a global perspective with real-time monitoring. The person handling the drone can see the movement and the position of the person they are trying to rescue. 2. Aerial Drones are Easy to Carry Also, teams that have to hike to a specific height are at an advantage, with the drone making the ways and navigation easier for them. Hiking parties can carry the drone in their backpacks or small cases. This makes these drones portable and easy to carry. It doesn't feel like an excessive burden. 3. Easy Detection And Remote Controlling According to the technical grid perspective, the process is mostly about collecting drone footage. It can also be used to employ the acquired data effectively. After the drones are deployed, the users can utilize the remote control to make it fly back and forth. This facilitates a comprehensive coverage of the landscape. This way, no necessary information is missed, and the rescue operation is carried out properly. 4. Streaming Rescue Footage Technically, the rescue team member is supposed to stay in a vehicle close by. They use HDMI and project the drone's visuals to another large screen for the cloud. This way, the rescue team can livestream the rescue mission, telecast it, or send it to a command center for observation. The command center and the rescue team can make decisions based on the live streams. Conclusion The advancement of aerial innovations, as exemplified by technologies like drones for search & rescue, is revolutionizing the emergency response field. These technologies improve the practicality and effectiveness of search and rescue missions and redefine the approach toward saving lives in critical situations. With the ability to offer real-time situational awareness, precision in search operations, rapid deployment, cost-effectiveness, and improved safety for rescue teams, aerial innovations are setting new standards in the rescue domain. As these technologies evolve and integrate with search and rescue operations, the future promises even more successful missions, ensuring that the response is swift, strategic, and safe when disaster strikes. Read More: How Pests Control Maintains The Aesthetic Appeal Of Your Home The Impact Of Automation On Payroll And Compliance 6 Law Fields With High Demand In 2024

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