If you are an entrepreneur, then it is your job to keep your ear to the ground regarding new trends – whether it is within your industry or the world of business as a whole.
As society continually evolves, its technology, values, and popular culture is transformed with it, presenting both opportunities and challenges to entrepreneurs.
It can be easy to find yourself caught out by an unexpected shift in these trends, especially where digital technology is concerned. Given that it is a relatively new invention, digital technology is evolving at a rapid rate. What was a best practice yesterday will not necessarily remain so tomorrow, as new and exciting technologies are continually adopted.
There is a reason why some businesses found an incredible opportunity in social media, for example, while many more struggled to adapt. The entrepreneurs who stay vigilant for emerging digital technology trends are the ones who are best positioned to spot opportunities and adapt their businesses to cope.
Here are the digital technology trends every entrepreneur needs to keep an eye on:
Consider outsourcing your IT estate to a specialist
The first trend you need to be aware of is the outsourcing of corporate IT estates. There is little doubt that the use of digital technology within companies is going to increase in the future, which will make it difficult to manage internally.
As it is, you likely have a range of digital assets, from cloud services to cyber security, remote work solutions, to data servers, all requiring around-the-clock managed IT services.
Unless you want to invest a huge amount of money recruiting specialists to manage your IT assets, it is worth outsourcing this role to an exterior company that will take the reins of digital asset support, leaving you to concentrate on other parts of your business.
Learn more about blockchain and its potential
If you have taken half a glance at the news over the last couple of years, then you will at least recognize the word ‘blockchain.’ However, while most people have a vague idea that it relates to bitcoin, it is imperative that you learn more about this transformative technology before the rest of society catches up.
It is no exaggeration to surmise that blockchain will likely be the most influential technology over the next decade and beyond due to its incredible use-cases and potential.
Blockchain is the decentralized data network that powers cryptocurrencies like bitcoin, but it can be used for everything from logging patient data in hospitals to protecting legal documents.
In fact, given how new blockchain technology is, no one knows how many different uses it might have in the business world, which offers you a tremendous opportunity to gain a first-mover advantage.
The Internet of Things is only going to become more diverse in future
The Internet of Things is a technological family which you will doubt be aware of. Everything from Amazon’s Alexa to smart showers are examples of Internet of Things technology.
Most simply, these are technological devices that are connected to the internet, allowing you to control them remotely and gain access to the vast amount of data provided by the internet.
The Internet of Things is already being used for a number of different purposes, but this is only set to expand in the future. It is worth examining how you can incorporate this technology into your business to improve efficiency or even enter the IoT industry itself as an entrepreneur.