The business world relies on transactions that involve the consumers in an ever-changing flow of exchanges. Economies can only truly thrive if they consider the inevitable and significant changes that processes go through when new technologies are introduced. Companies that can’t keep up with the demands of the public and adopt current innovations wouldn’t be able to survive the challenges of the 21st century. Disruptive technologies have been influential in shaping businesses and redirecting their priorities. They have promoted a variety of practices that coincide with newer methods of conducting operations, creation of previously untapped markets, and others.
 |
| Image source: pixabay.com |
Probably one of the earliest disruptions the business world experienced is the sudden necessity for companies to explore platforms for mobile and wearable tech. The ubiquity of smartphones and wearables in the last few years started widespread development of apps, products, and other mobile avenues for performing business deals, transactions, services, and whatnot. Nowadays, it is not enough that firms have an online presence. They have to provide a mobile, on-the-go solution for their customers who spend most of their time glued to their phones. Mobile payment systems and digitally stored identification details may soon find a deeper integration into business activities.
Some people might think that artificial intelligence is still largely sci-fi stuff, but the truth is some web and mobile functionalities already use some type of artificial intelligence to learn about the ways people interact with their devices, the purchases they make, and virtually all decisions that connect people with the surroundings. The Internet of Things is another extension of such functionality that promises deeper connectivity and automation.
 |
| Image source: pixabay.com |
Steven Rindner is a business and corporate development executive with expertise in business development and growth strategy across a number of industries including media, technology, real estate services, and healthcare. To learn more about his professional work, follow this Twitter account.
