River Valley Insurance Agency Inc Blog
The introduction of augmented reality and home virtual assistants were some of the big technology innovations of 2017. There's no stopping the rise of better and more cutting-edge technology though, and small businesses would do well to find ways to adapt them to their needs.
Here are technological trends that businesses can capitalize on in 2018.
Cloud computing has been around for a while, but it's only recently that its importance to businesses are being realized. Small businesses should make it a point to embrace this trend and move what they can of their operations to the cloud. This will make operations more affordable and in-house hardware management redundant.
Cloud computing will also give small businesses the opportunity to store vital data completely online. This will make accessing data more convenient, as one won't need a hard drive or USB. This would also allow data to be accessed anywhere, at any time, and on any device. More importantly, it also provides more security for companies.
Payments Done in Real-Time
One trend that would benefit small companies immensely is real-time payments. Companies no longer have to wait one to two working days for payments to reach their accounts. It will also make things easier for everyone as payments can be done via Pay IDs like one's phone number. This tech is expected to be rolled-out early 2018.
Consumer Tech Will be Friendlier
The recent holiday saw devices like Amazon's Echo at the top of people's gift lists. And it seems that the consumer technology trend will continue well into next year. Smartphones and digital assistants are expected to become more integrated in people's live. This also means that these devices will look softer, rounder, and more inviting. Analysts believe that they will also become more fashionable and expressive, as consumers demand designs that show their lifestyle seamlessly.
Remote Workforce Will Continue to Rise
Small businesses are expected to change their employment conditions as cloud services become more mainstream and more people demand a more flexible working environment. Thanks to technology, employees can work anywhere as long as there's a reliable internet connection. Working remotely will also offer a lot of benefits to startups and small companies. It will save money, boost productivity, and keep employees engage.
2018 is shaping up to be an exciting one for technology and business. There are a lot of opportunities open to small businesses, but they should be quick to adapt upcoming tech trends. At River Valley Insurance, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (616) 301-9500. Get your free quote today by clicking here.