Did you know?
- Kodak, a leading technology company in the photographic industry failed to make its mark in the digital photography revolution.
- Nokia, once a leader in the mobile industry, was pushed down by the customers because the company failed to accept the change in technology.
- Yahoo, one of the main players in the online advertising market, undervalued the importance of search & focused on becoming a media giant. They neglected consumer trends & hence, we are ‘googling’ today instead of ‘yahooing’.
These are just a few of the examples of failed businesses in the digital revolution.
As per a study, 90% of the startups fail due to a lack of innovation trends and unique business models. Hence, it becomes necessary for businesses to stay in line with the latest technology trends in the market to work efficiently and effectively.
Tech trends 2020 will have a great impact on the success of your business and help in establishing a strong online presence. Moving ahead with the latest technological trends 2020 and future trends is a sure shot success key for your business.
Embracing technologies like Artificial Intelligence, Machine Learning, Salesforce, IoT will help you lead the online business and mark your presence globally.
But, the major question is: How do you utilize these technologies in your business?
Today, your business is all about customer satisfaction. Experts believe, using AI-enabled tools and chatbots in their business, will help businesses achieve great customer satisfaction and hence, empower their business. IoT enabled devices and sensors are already in the market and helping businesses streamline their business processes.
Not only AI and IoT, other technologies like Salesforce, Cloud computing, 5G, AR/VR are also making their presence felt in the businesses. Here, in this blog, we are going to mention the Top 3 Tech trends 2020 that are sure to transform your business.
#1 Tech Trend 2020: Artificial Intelligence in Businesses
Artificial Intelligence is not tomorrow, it’s today of the digital revolution. THIS is the right time to embrace AI in your business. As per a recent study by Statista & IDC, AI market investment is expected to rise to $57.6 Billion. (it was $12 Billion in 2017). Furthermore, it is predicted that around 75% of the business tools will be using the power of AI by 2021.
AI is enabling software development companies to replace manual tasks with automated ones. AI-enabled chatbots have the capability of interacting with numerous customers simultaneously and can both respond & initiate communication – whether on an app or a website. Chatbots are expected to cut enterprises’ costs by $ billion by the year 2022.
Real-time assistance, automating operations, predicting outcomes, are some of the major benefits that businesses can get by implementing AI-enabled methodologies.
#2 Tech Trend 2020: Salesforce- the future and beyond
Realizing its importance, many Salesforce developers and businesses have started using Salesforce in their business for better customer relationship management and increase their sales worldwide.
2020 is the year, where app development companies are competing NOT on the products they provide to the customers but the kind of experience they provide to their buyers with their services.
With AI and Salesforce collaboration, companies can automate their workflows and increase their business productivity. Salesforce has made it easier for the consumers to better engage with the businesses with complete satisfaction of getting complete information regarding the services and products. With Salesforce, businesses can track marketing campaigns and integrate marketing tools to develop marketing strategies that can be improved with time. So, if you are into E-business, maybe this is the right time to hire a top Salesforce development company for greater success in the market.
#3 Tech Trend 2020: 5G and IoT will dominate the industry:
We have heard a lot of innovations in IoT. However, integration of the 5G network with the IoT system is a partnership that will be ruling the world in a different manner. With this integration, mobile app development companies will be able to provide exceptional user experience to their customers.
5G will unlock IoT abilities that were not attainable on 4G networks. Major innovations like lower latency, high connection speed, increase in capacity are expected with 5G and IoT synchronization. With time, these advantages will lead to great milestones that can have a significant impact on the business strategy.
With the given importance and as per the statistics shown regarding the trending technologies, we hope, you understand how important it is to embrace Tech Trends 2020 to stay ahead in the app development business and develop relations with your customers. We recommend you to adopt technologies like Salesforce, AI, Machine Learning, IoT in your business to increase your sales and achieve better results and win the technology race.
For more information on tech trends, contact Ksolves, a leading Software development company in the USA.
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