Identifying Trends in Technology

“Technology made large populations possible; large populations now make technology indispensable.”

– Joseph Krutch, Writer

With technology becoming increasingly prevalent in our daily lives, there is a growing interest for a number of businesses to better integrate emerging tech into their regular practices. For many, significant integration of this nature may seem irrelevant to their type of business or too complicated. However, simply identifying certain trends in technology can serve to spark more creative ideas, or better prepare you for both future integration and innovation.

One constantly evolving area of tech that most are already aware of is cloud computing. The storing and transferring of memory via the internet has become a staple with nearly every sort of communicative interaction in the modern age. It can be of use to many (especially as file sizes grow larger) to always be on the lookout for new and improved services that allow this process to work more efficiently. Things like more storage space, fast download and upload speeds, and more secure protections all contribute to maximizing the use of these platforms.

Along the same lines, there have been a number of innovations to transfer much of the work environment to a more digital space. And even in physical spaces, things like voice interfaces (such as Amazon Alexa or Siri), and other business focused “smart” devices are being integrated in the office and home areas as additive technologies to increase efficiencies. The growing trends seem to be more and more focused not just on artificial intelligence such as these but also making all technology increasingly accessible no matter the location.

With nearly every working person owning a smart device of some capacity, internet service providers have worked to make the internet (with fast and wide reaching speeds) available for all areas of the world. Innovations to 5G technology allow users to access the internet away from traditional wifi or grounded internet facilities. And with their increasing compatibility with smartphone users, this tech has caused more and more people to conduct businesses on the go and away from the desk.

All of these innovations do not necessarily demand immediate integration of said tech; but simply being aware of trends will allow you to better identify possible pitfalls, as well as possible efficiencies. Technology has slowly become one of the dominant forces of business, understanding and embracing this fact can only better your chances of success.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization