Today, businesses and consumers are increasingly using
mobile technologies to access information and transact business. However, these
activities are disrupting the way industries operate by making traditional
methods obsolete. Disruptive new technologies have the power to transform
businesses, industries, and the way we do things. In this post, American entrepreneur Jeremy Abelson will explore different disruptive technologies that
are currently impacting the world in ways we haven’t seen before. The future
looks bright for consumers and businesses that understand how to leverage these
innovations.
Virtual Reality (VR)
Virtual Reality is the creation of a computer-generated
environment that simulates a user’s physical environment or experiences. VR
technology can be used to create training environments, provide access to
healthcare services, enhance the gaming experience, or create immersive
marketing experiences. It’s no wonder that companies are investing in VR
technology to create engaging experiences that engage their customers and drive
sales. Consumers are also exploring VR as a way to escape and relax. Below,
Jeremy Abelson explores how VR is disrupting the way we live and do business.
VR is growing rapidly and is expected to become more
mainstream in the coming years. In fact, in a recent survey of 2,500 Americans,
more than half said they’d been using VR technology in some capacity. More and
more businesses are getting on board by using VR for marketing. Companies like
Nike, Adidas, Bud Light, ESPN, and Costco are among those using VR technology
to engage their customers. Although VR has been around for more than two
decades, it’s only recently seen mainstream adoption due to increased accessibility
and affordability.
Artificial Intelligence (AI)
Artificial Intelligence, commonly referred to as AI, is the
simulation of human cognitive capabilities by machines. AI is expected to have
a profound impact on a wide range of industries, including healthcare,
transportation, financial services, and more. AI is quickly becoming a
disruptive technology that is making life easier. Many businesses are finding
that AI can automate and streamline business processes, creating positive
impacts on employees’ time and efficiency. AI is also being used to make the
process of customer support easier for businesses. Here, Jeremy Abelson who is founder and portfolio manager at Irving Investors, takes a closer look at how AI is
disrupting the way we live and do business.
AI is expected to have an enormous impact on a wide range of
industries, including healthcare, transportation, financial services, and more.
AI is quickly becoming a disruptive technology that is making life easier. Many
businesses are finding that AI can automate and streamline business processes,
creating positive impacts on employees’ time and efficiency. AI is also being
used to make the process of customer support easier for businesses.
Blockchain Technology
You may have come across the term “blockchain” in other blog
posts or in the news. You may have even wondered what it is and what it has to
do with your life. Blockchain technology is disrupting industries and
transforming the way we do business. Let’s take a closer look at how blockchain
is disrupting the way we live and do business. First, it’s important to
understand exactly what a blockchain is and how it works. Simply put, a
blockchain is a type of digital ledger that records transactions (each block is
linked to the ones that came before it and after it). Transactions are
permanent, transparent, and secure, which makes it attractive for financial
services. The digital nature of blockchain technology makes it resistant to
tampering, so it’s used for a wide range of applications, including tracking assets
and proving ownership of property.
Robotic Process Automation (RPA)
Robotic Process Automation or RPA is a technology that
enables businesses to automate tedious, labor-intensive processes. RPA
technology is rapidly changing the way businesses interact with customers. The
concept of artificial intelligence is expected to become more prevalent in the
coming years as more businesses invest in RPA technology. Let’s explore how RPA
is disrupting the way we live and do business. Many businesses are finding that
RPA can reduce their cost and help them scale their operations. It can also be
used to give employees more autonomy, enabling them to focus on strategic
business initiatives. RPA is also expected to have a large impact on the
customer experience. As more businesses use RPA in their operations, the
experience for consumers is expected to improve, explains Jeremy Abelson. RPA
is quickly becoming one of the most disruptive innovation in the business
world.
Internet of Things (IoT)
The Internet of Things is disrupting industries by
connecting the physical world to the virtual one. An IoT system consists of
sensors, actuators, connectivity, and software. Sensors collect data, while
actuators control things like lights or machinery. Let’s take a closer look at
how IoT is disrupting the way we live and do business. The IoT is making it
easier for businesses to collect data about their operations and customers.
It’s also making it easier for consumers to connect devices to the Internet,
which is expected to facilitate the daily lives of people. Additionally, the
IoT is creating opportunities for developers to create new types of
applications and services. The more people connect their devices to the
Internet, the more applications and services we’ll see.
Bottom line
Disruptive technologies are shaking up industries and making
life easier for consumers and business-owners. Today, more and more companies
are finding that it’s beneficial to embrace these new technologies in order to
stay competitive. It’s important to understand how these innovations will
impact your business so you can make the right decisions moving forward.
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