Change is the only constant, and it’s only accelerating. Technology is taking us closer and closer to the futuristic worlds we once only imagined in science fiction, but questions remain. How is innovative technology changing the way we do business? How will it continue to change in years to come? Keep an eye on the following trends that will continue to reshape business as we know it and introduce brand new STEM careers:
The Machines: They’re Learning!
Artificial Intelligence is more than a buzzword; it’s real and it’s happening now. Systems that can learn and adapt are becoming part of numerous industries, from Salesforce’s analytics service to products like crystal for marketing. Intelligent systems apply learning from one user to improve all users’ experience. (This is rumored to also be coming in digital assistant Siri’s future). Natural language processing allows us to consult AI programs like we would another person, asking questions like “When should I post on Instagram for maximum engagement?” and receive a more accurate answer faster than ever before.
The Internet of Things (IoT) is a revolution in connectivity; items and devices equipped with sensors and controllers can now communicate with one another. These smart machines assist with everything from household chores to improving supply chain management, and they relay pertinent information about user behavior and machine processes.
Improving supply chain efficiencies is a growing application of the IoT. The IoT allows supply chain managers to meticulously track products and make smarter decisions based on pre-programmed parameters. The IoT also produces real-time data, allowing consumers to know exactly when their packages will arrive, and supply chain managers an understanding of how well each facet of their supply chain is performing.
The IoT offers numerous benefits for managers and consumers alike. Managers can better understand system bottlenecks and prevent machine breakdown. Consumers have the satisfaction of knowing they can monitor their shipment in real-time. While the upfront cost of integrating intelligent machines might initially turn companies off, their ability to improve operations make them more economical in the long term.
New Levels of Co-Creation
One of the many benefits of the Internet is its capacity for widespread collaboration. Today, that collaboration is going one step further. Many companies are now leveraging co-creation, allowing consumers to contribute to the development of new products and services. This new level of cooperation between brands and their buyers empowers consumers to create the exact product or service they need. In return, businesses reduce the costs associated with assessing the current product market and determining what to produce next.
This theme of co-creation also includes companies hiring freelance specialists. Companies are no longer compromising the quality of their employees, and ultimately their business, because of geographic distance. With virtually no more borders or geographic limitations, this new trend is altering the way businesses hire and retain employees.
In the face of a rapidly evolving market, more job seekers are choosing technology-focused degree programs to keep their skills sharp and their knowledge up-to-date. Why? Because business owners and professionals must stay ahead of the changing technology tides in order to ensure continued success.
About the Author:
Kyle Martin brings 11 years of storytelling experience to the content coordinator position at Florida Polytechnic University. In this role, Martin develops original content showcasing the University experience as a way to attract new students and faculty. He also lends editorial direction to University departments launching new projects and campaigns.