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How Emerging Technologies will Transform Business

We get it: the future can be daunting. Not only do businesses need to keep up with emerging trends in technology, but they need to forecast which will make the greatest impact. That’s why it’s essential to delve into two of the most prominent emerging technologies: The Internet of Things and Virtual Reality. Eerily as it may seem, these are no longer far off notions- the future has arrived. 

  1. The Internet of Things

The Internet of Things is a fast approaching force, whether you’re ready or not. In fact, you may already be using it. Do you have a Fitbit that connects to your iPhone, a smart TV, or thermostat you control through a personal tablet? You’re already dipping your toes into its potential. The benefit of IoT is that it promotes connectedness between “things” that are able to track data in real time. Soon, businesses everywhere will be diving in to this essential emerging technology; so let’s get ahead of the game.

Not only does the Internet of things have a profound impact on our personal lives, but it promotes efficiency in the workplace as well. According to Gartner, Inc., 43 percent of businesses are using a plan to implement IoT in their business model. This illustrates the positive impact the technology has on businesses as a whole. When companies get on board, they can use data gathered to improve decision making, increase productivity and propel smarter operations.

From smart coffee makers to robots- IoT has created a new realm of professional possibilities. Office sensors that can track patterns in lighting, temperatures and popular times for a cup of Joe all foster better organization in the workplace. This seamless integration of technology not only connects us with gadgets, but generates a sense of sophistication and innovation at work.

  1. Virtual Reality

It’s no longer a distant dream constructed by Science Fiction. Although the average consumer can’t access it yet, there are compelling ways VR will impact business in the near future. From virtual meetings to novel ways of testing products, this unique technology will transform the way we experience our occupation. According to the Venture Reality Fund, the virtual reality market increased by more than 40 percent in 2016 alone. This industry is clearly taking the world by storm, and it’s easy to see why.

The sheer way we deliver information will ultimately be impacted through implementing this technology. For instance, embedding VR into PowerPoint and Keynote can provide a highly interactive form of presentation. Disseminating knowledge in this immersive nature can also provide top-notch training methods. Lastly, virtual and augmented reality allow companies to visualize products they create in a substantial way. These nearly tangible demonstrations can only be accomplished through the use of this revolutionary technology.

Although virtual reality can be essential for training and visualizing information, it will also have a profound impact on time management. Known as the “second screen” phenomenon, this aspect of VR can clean up our habits with multitasking. We’ve all checked Instagram on our phone while watching a movie, and I’m sure you’re familiar with double monitors at work. Imagine having that iPhone or second monitor in your peripheral vision. You’d effectively clean up space on your desk while keeping important documents or calendars in view. This may sound eerie and futuristic, but hey- the future is now. It’s 2017, so why not embrace the magic?