emerging technology

Emerging technology for small businesses

Like the industrial revolution of the 18th to 19th centuries, the tech revolution is set to change the world as we know it. The difference now is that this revolution is much more incremental. The worry is that you can’t take your eye off the ball for a second for fear of missing the next big opportunity! So what should small businesses be considering when it comes to emerging technology?

Don’t be scared of new technologies

From futuristic novels to Hollywood blockbusters, we have been apprehensive of what new technologies are capable of for quite some time. Although it is so easy to compare tech companies of today to the likes of Cyberdyne Systems, at least most of us have a good idea of what to look out for.

Of course, terminators aren’t what we’re really worried about with new technologies. It’s losing jobs to them! We as a society are quick to forget similar issues of the past occurring as a result of innovation, especially the new opportunities that came from them. There are many that can attest to computer software innovations being a main concern for clerical workers who were a huge portion of the work force at the time. With every industrial innovation that comes along there will inevitably be a threat of losing jobs. However, the sooner we embrace change, the less blind-sided we will be by it. It is important for small businesses to adapt and bend to these changes rather than break under the pressure of resisting it.

Cloud Computing

When cloud computing was first introduced, those who talked about the cloud sounded like their heads where in them. But now that the technology has caught up, cloud computing is a viable and more importantly cost effective solution for small businesses. The problems this technology solves are many such as expensive IT servers, bulky hardware and a swell of software bloating it all. Small businesses are now able to reduce their start-up cost and keep those costs down too. The benefits also extend to their customers with the opportunity to offer a much smoother experience. With all of the power coming from bigger and better super computers, cloud computing will become much more than simple file sharing and storage.

Virtual and augmented reality

Bringing virtual and augmented reality to the masses is a slow burner due to the high costs of developing such tech. But once readily available, it is predicted to be a game changer of future consumerism. The small implementations we have seen so far have garnered much attention from spinning retail items 360 degrees, visualising changes to your home with smart overlays and who can forget the mayhem of Pokémon Go! Where Small businesses will benefit most with this tech is the new dimension of story telling that can be added to their advertising.

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