Top 5 Highly Disruptive Technologies In The Business World And How To Catch Up With Them
Technology has changed the way we live our lives, guiding us into the era of information. You will always be in the dark if you do not have sufficient information regarding things in the business world. The saying, “if you’re not informed, you’ll be deformed”, is nothing but the truth especially with the rise in technology today.
With unlimited information at your disposal, you can’t but wonder what will happen next because you do not know. Technology is used in a lot of ways, from communication, to networking, and the likes. Technology helps to make things faster and easier, and less wasteful.
Take a look at five of the most distinctive technologies in the business world and how you are to catch up with them.
- 3D Printing
3D Printing technology is rapidly gaining ground in the future of manufacturing, from printing novelty objects to hearing aids, and all the way to spacecraft engines. It has been around for a long time, but recently, it is becoming more available, and it is now improving the manner we produce at scale. 3D Printing helps conceptual designs to be printed to give a client, shareholder, or an architect a full sight of the end output, reducing miscommunications about product prerequisites and techniques.
3D Printing is commonly used in the construction industry, as it now allows basic housing and buildings to be built at a low price. The construction industry is understanding better the advantages of more creative use of resources, less wastage, and influence on the society, and the world at large. The airline industry is also making use of 3D printers for manufacturing aircraft components.
3D Printing is one of the ground breaking technology in the business world, and in order to be relevant now and in the future, you should endeavor to learn it or improve your skills on it.
- Virtual Reality (VR) and Augmented Reality (AR)
The combination of both of these skills is expected to increase to 215 billion by 2021. They are fast increasing in the entertainment and game industry. They help to bridge the lines between the physical and digital worlds. VR and AR have helped to make interactivity more possible in the business world. Tech giants like Google’s ARCore, PlayStation, and Apple’s ARKit, are also formulating AR and VR technologies to incorporate into their own product schemes.
VR and AR can also be used in other industries like education, healthcare, sports, and lots more. These technologies are also combined with other existing software to help 3D designers have more understanding and design their projects better. You can combine VR with software like big data practices, and BIM to help in construction for designing more detailed designs and increased evaluations of the build by modeling methods.
- Artificial Intelligence (AI)
AI has been around for decades, but today, it is used in applications such as fraud protection, spam detection in emails, and video games. The use of AI is developing faster than ever before through other applications that helps to enhance the lives of individuals and facilitate business strategies. These systems help to answer questions online, respond to gout requests, and makes things easier for business industries.
The use of chatbots is fast gaining ground, as many companies are employing it’s use instead of one on one customer interactions. As much as the future of AI is expected to make things better for individuals and the business world, it is also a caution to those who only rely on this technology as it will replace most human jobs. It is already effective in online care support, chatbots, and the likes that have been handled by AI instead of human.
Evaluating greater developments, autonomous vehicles (AVs) have been in advancement for a while now, and greater inventions are expected to come out of it. For instance, Google is working on an algorithm that makes an AI learn to drive through experiences, just as humans do. Autonomous Vehicles will reduce the risk of accidents, reduced traffic congestion, and more efficient fuel consumption.
- Space Colonisation
Space Colonisation is where colonists can inhabit enormous spacecraft or other planets and moons. Currently, only a few highly educated and selected astronauts can go to space, but this is expected to increase to one trillion by 2021. NASA has come up with several projects on space colonisation such as the National and International Space Development conference where upcoming students can participate in contents.
Other industries like Virgin Galactic, Stratolaunch Systems, Blue Origin, and SpaceX are also working on space colonization, and are funded by the likes of Elon Musk, Paul Allen, and Jeff Bezos. Their inventions are expected to fully come into play in the business world by 2021. Technology is fast moving, and if you still want to remain relevant in the business world, you should know how to catch up with tech.
Read Also: 15 Ways to Reduce Cost Running Your Business In Nigeria
This is another distuptive technology that is being invented. It manufactures robots that have improved senses, intelligence, and skills. These robots can now perform tasks that human think are too expensive or impossible to accomplish. This is one technology that will benefit individuals, as well as the business world at large.
A lot of industries have started using these robotic systems, especially in the health sector. We now have robots that perform surgical operations, and the likes. They are also used by astronauts. Robotics have a place in the innovation of new technologies in the 21st century.
While we can only predict the future, and what it will look like, we cannot deny the possibilities of technology totally taking over in the world. As much as we have seen a lot of what technology can do, it is only a small fraction of what is to come. We can be sure that these disruptive technologies, and many more will change the society in ways we can’t imagine.
It is only necessary that we align to he change that technology is bringing in order to remain relevant in the business world. It will no more be about the certificates you have, but about technological skills that you have. Any of these skills are fast rising in the world today, and there are a lot of openings to learn them. Though expensive, they are a sure and productive investment you can make for yourself as an individual, and as a company, to train your staff.
Hope you enjoy this article?
Share your thoughts in the comment session.
Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.
Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to firstname.lastname@example.org and we will solve any of your business problem.
- Katumu Adasi: How to survive in Nigeria without a job - February 11, 2021
- Top 5 business and services with the highest demands in Nigeria - January 4, 2021
- How to Become a Millionaire doing Rice Farming in Nigeria - January 4, 2021