Top 5 Technology That Every Business Owner Should Be Aware Of

 But what kind of technology should you pay attention to? What’s going to give your business an edge over the competition? What’s going to save you time, energy, and money? In this article, we’ll discuss the top five technology that every business owner should be aware of. These tech tools can streamline your operations and make your business more efficient than ever before!

1) Smartphone Apps

In recent years, smartphones have replaced everything from watches to cameras to photo albums. Today, nearly a quarter of people own a smartphone and business owners can reap huge benefits by tapping into their potential. Smartphones are especially useful for scheduling and organizing tasks, which is great for small business owners who tend to wear many hats. While some smartphone apps will cost you money (think Angry Birds), most are free or cost less than $5. From customizing spreadsheets to ordering supplies, these apps will help you manage your day-to-day tasks more efficiently. Plus, with 24/7 access via mobile devices, there’s no excuse not to get work done on time! Here’s a quick look at five of our favorite productivity tools

2) Internet of Things (IoT)

The Internet of Things (IoT) refers to devices that have internet connectivity and can send and receive data. Imagine your refrigerator sending you a notification when it’s time to order milk or an energy company informing you of a peak in energy usage in your home. IoT is big on big data, analytics, and machine learning. It’s also huge on personalization (just imagine having products recommended to you based on real-time purchase history!) If you don’t want to be left behind as these trends grow, make sure you are well versed in IoT technologies. A good starting point? Our list of 10 technologies that every business owner should be aware of.

3) Machine Learning

In recent years, it has become possible to quantify human intelligence with statistical methods. Machine learning is a field of computer science that's developing these statistical methods and using them to teach computers how to learn from data. This can allow machines to automatically create very accurate models from large amounts of messy data, to help them make decisions without being explicitly programmed where they should look for answers. It also means computers are able to learn as more data becomes available and over time improve their performance on tasks they're designed for, much like humans do over time.

4) Augmented Reality

Augmented reality refers to a technology that combines virtual or computer-generated elements with real-world environments and objects. Augmented reality has become more popular in recent years due to developments in technology, such as Google Glass. Nowadays, businesses can use augmented reality to enhance customer experience by making a product more interactive, providing instructions and tips on how to use a product, or even engaging with customers on social media. Overall, there are numerous ways in which businesses can incorporate augmented reality into their operations; here are five of them

5) Artificial Intelligence (AI)

While it's still considered in its infancy, artificial intelligence offers businesses a number of benefits. AI is capable of learning from past experiences and modifying its behavior accordingly to maximize effectiveness. Not only does it save time by automating repetitive tasks, but AI can also be used to streamline business processes and enable employees to focus on higher-level tasks. How? By analyzing your systems and finding ways to optimize them. Imagine an employee who has several different workflows assigned to them—AI could learn which one is best suited for that particular employee's strengths and adjust how they approach their daily responsibilities accordingly. Still interested in learning more about artificial intelligence?