According to recent studies, the IT industry is overwhelmingly positive about the latest technology trends, however, facing budgetary issues. To increase adoption, a reliable IT outsourcing company is providing the best technological solutions to deliver software/ services at cost-effective prices.
Top Tech Trends That Will Change the Landscape of Organizations in Coming Years
Alex Tatham, Managing Director of Westcoast said, “It is no surprise that IT companies are optimistic about 2021 as there are so many opportunities created by businesses of all sizes by making ‘Digital First” as their priority.”
Moreover, the pandemic became a catalyst to accelerate business growth in terms of digital transformation. It helped every business to function seamlessly in the face of disruption. Undoubtedly, COVID-19 has highlighted several things about technology that were hidden or neglected so far.
From having robots to take care of goods to digitizing their supply chains, digital solutions have forced business leaders to tune into technology trends to gain a competitive advantage in the marketplace.
Adoption of the Latest Technologies
The tech world is experiencing exponential growth in terms of both apps and connected things. The apps, smartphones, and smart technology are changing the way we live. Here are the five top hottest technology trends that can disrupt your business and bring positive outcomes in the future.
Artificial Intelligence (AI)
Knowing the importance, businesses are heavily investing in AI to automate their processes and boost profitability. According to research by IDC, 40% of digital transformation initiatives are based on artificial intelligence. And it is expected that in 2021, 75% of business tools will use the technology to outgrow their business.
Using the potential of artificial intelligence capabilities, you can not only automate the structured tasks but also generates intelligence from process execution. AI app development solutions increase business process transparency that improves workforce productivity and enhances customer experience.
Irrespective of the domain type, AI can evaluate usage trends that provide in-depth insights that help you in making smart and data-driven decisions. By integrating AI solutions into your software, you can make your business model more secure and innovative. Hire a top-notch
android app development company that can turn your dream into reality with smart AI technologies and make every penny worth investing.
Extended Reality
With so many of us confined to our homes, the search for entertainment is in high demand. So, what is extended reality? Extended reality is an umbrella term for virtual, augmented, and mixed reality.
With increasing popularity, virtual & augmented reality solutions are valuable technologies that have the power to transform business operations in all sorts of ways. AR/VR is changing the way businesses do business. In the real estate industry, using AR/VR, you can convince your visitors to explore the space before you visit.
It not only saves time for agents but also engages the customers to a deeper level. Apart from real estate, several other industries are enjoying its immense benefits. Virtual reality app development allows remote collaboration by enabling people to meet other people in virtual rooms. It makes communication a lot better than in earlier days.
Besides, interviews can also be conducted in virtual environments giving recruiters a better perspective on their future candidates. Moreover, the prospects also get a chance to experience the job environment before even they get selected. It proves a time-saving and cost-efficient method for both companies and potential employees. Augmented reality offers multiple benefits for remote collaboration as well.
Big Data & Analytics
Continuous technological evolutions bring together more options for businesses that benefit both consumers and sellers to sustain in a competitive environment. Data is the information collected from users, such as customer details, including contact details, demographic information, and much more. Using this data can work wonders for your business in every possible way. For instance, a retail giant, Walmart, uses big data analysis to drive a 10 -15% increase in completed online sales that brought $1 billion incremental revenue for the company.
Analytics is how you make sense of your data and turning them into meaningful insights. The data analysts using your data can predict your next moves. How does it happen? It allows you to combine and segregate data as per the business requirements to build a statistical model. It helps you predict how present and future customers are responding to your paid campaigns. Knowing the possibilities beforehand, you can increase response rates, lower overhead costs, and minimize marketing spends.
Chatbot
AI-enabled chatbots are highly popular among companies as it improves customer service while growing the business. Whether you are a start-up or a well-established firm, AI automated chat applications improve the communication process between customers and the brand. It transforms your business to achieve new goals and reputation through Chatbot benefits.
Another benefit of using Chatbot is that you can attract customers overseas that are in different time zone seamlessly. Above all, an intuitive Chatbot solution can handle thousands of customers at a time without any delay in response time. Hire a renowned Chatbot development company that helps you reap out the maximum benefits of these extraordinary bot solutions.
Summary | Top Tech Trends That Will Change the Landscape of Organizations in Coming Years
Many software development companies in California can build a successful product. However, you need to find the right app development company that can bring maximum ROI in a short time. Before you make the final call, you should do some research on the shortlisted companies that includes checking their portfolio, years of experience, expertise, and hourly rates. With a clear mind, you can have realistic goals and make a more mature decision when it comes to the implementation of new technologies.