Artificial intelligence, virtual reality, holograms, and “smartâ€ devices aren’t just the stuff of sci-fi anymore. They are all disrupting gaming, entertainment, and even the way consumers interact with their homes and vehicles.
They are also rapidly becoming important business technologies with which every entrepreneur should become familiar.
Typically, the latest technology is developed for and adopted by the consumer market. Businesses are too risk averse to take chances on the latest tech goods and services, preferring to wait to analyze how the consumer market responds and to perform beta testing to ensure that any new technology integrates well with existing systems and processes.
However, there is the danger of a business waiting too long to adopt the latest in tech and losing out to more future-forward competitors. There are already several major businesses that have adopted or are developing revolutionary business technologies. These technologies can help a business outpace competitors, boost operational efficiency, and cut costs.
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