Modern Days and Tech
The Use of Technology in Business
Technology usage in business can be for records, account keeping of the organization paying taxes, payroll, sales, inventory, and promotions. Business technology not only improves communication in the workplace but also with clients. Companies use technology systems to improve the way they design and manage customer relationships. Technology such as electronic files speeds up the workflow process and can save space, paper, and printing costs.
1. Instant problem-solving solutions:
Technology is playing an important role to study the problem and opportunities through data analysis and business intelligence applications. Data is collected through IoT (Internet of things) devices. And after analysis of the small and big data they received from the devices, it’s easy to take the next business decision in business.
Even technology is more advanced with the help of predictive data analytics tools to predict problems and opportunities before it’s actually happened. And if a problem arises AI integrated apps automatically respond and comply with the solution.
For example in cloud computing auto-scaling, a load balancer helps servers to keep active and faster in the time of the high amount of users accessing the application. And you can define everything in advance.
More:
Importance of cloud computing in today’s world
How Technology has changed business
2. Easiest and fastest methods to connect with the customers:
Once marketing was the challenging part for small businesses. It takes lots of money in advance to start and market the business. But the use of Internet applications, website builders, CMS, eCommerce stores, social media websites, and search engine optimization provides new platforms and features for small business owners, home startups, freelancers, and everyone to start promoting and marketing businesses and services.
The use of technology created new ways to communicate with clients such as AI chatbots, CRM tools, forums, social media pages, video conferencing, and calls are really making the life of business owners much smarter than harder.
And with the use of technology in business customers are getting most of the benefits because of the higher competition in the market for the same product and services.
For example, Artificial intelligence applications are the new staff to handle customers. These applications are automatic and able to respond to and solute customers’ inquiries. It enables the business to manipulate real-time data they are getting from customers on their websites and apps.
3. Improving the quality of living standards of humans
The use of technology in business is to create and produce top-quality goods and services for the public. For example, if you’re using AI Air conditioners it’s because of the use of Technology.
Robots are a great use of technology that is capable of performing the most difficult and complex tasks automatically without humans. The value of human life is increased by technology by replacing humans with dangerous and difficult production lines.
If a robot is programmed to paint cars, then it’s the use of technology in business that speeds up the production and delivery of products.
More:
Top 12 Examples, How Technology Has Changed Our Lives
How can artificial intelligence benefit humans?
4. Creating a virtual world
The use of technology in business is to create more virtual sources for deployment and storage reducing the stress and cost of running a business. Businesses are integrating cloud computing for businesses to create, and run business applications, store, and access big data, pay based on usages, auto-scaling, and automatic maintenance and management of hardware, servers, applications, and up-to-date technology without installation of anything on a physical location.
For example, you know that every business or company needs an IT department, no matter whether it is in the travel industry, healthcare industry, or any small-size manufacturing plant everyone needs IT experts and IT infrastructure.
In simple words, it’s very difficult for Doctors, and travel agents to install software on their PC, tough to maintain customer data, tough to protect data, and tough to create reports. That’s why they need IT Experts and IT infrastructure. And this costs such businesses a large amount of money which they know nothing about it.
But with the use of technology in business such as cloud computing and cloud storage it’s easy for them to hire a few IT people and run the same business process virtually and pay based on uses.
More:
Benefits of Artificial Intelligence in Business
What is a cloud storage and what are its advantages
5. Online degree programs, online employees training, and education programs:
The innovation and consistent investment in technologies by business help society, employees, and students to start learning at their own speed and comfort. Virtual classrooms, smart classes, video conferencing, data visualizations, online training, and degree programs are the most innovative use of technology. That’s enabling the whole world to learn together, learn from anyone and join any online degree program. It’s possible due to the use of technology in business.
Now the use of technologies in business is consistent. Many are busy creating the next AI algorithm somewhere and many are busy right now creating programs for robots, many are busy right now thinking about the next big change in online business and many are learning what they can do and taking the advantage of technology in business and life.
It all depends on the priorities and choices that we make. But remember, technology is a tool. If it’s creating a solution and changing the world then it is also creating problems. It’s a common sense that is in the mind of tech users how he/she can transform his/her life and business with the help of technological tools from anywhere to any location on any device to anyone.
Education
What is the role of technology in education?
Technology provides students with easy-to-access information, accelerated learning, and fun opportunities to practice what they learn. It enables students to explore new subjects and deepen their understanding of difficult concepts, particularly in STEM
How Important Is Technology in Education? Benefits, Challenges, and Impact on Students
Thursday, June 25, 2020
Many of today’s high-demand jobs were created in the last decade, according to the International Society for Technology in Education (ISTE). As advances in technology drive globalization and digital transformation, teachers can help students acquire the necessary skills to succeed in their careers of the future.
How important is technology in education? The COVID-19 pandemic is quickly demonstrating why online education should be a vital part of teaching and learning. By integrating technology into existing curricula, as opposed to using it solely as a crisis-management tool, teachers can harness online learning as a powerful educational tool.
The effective use of digital learning tools in classrooms can increase student engagement, help teachers improve their lesson plans, and facilitate personalized learning. It also helps students build essential 21st-century skills.
Virtual classrooms, video, augmented reality (AR), robots, and other technology tools can not only make the class more lively, but they can also create more inclusive learning environments that foster collaboration and inquisitiveness and enable teachers to collect data on students’ performance.
Still, it’s important to note that technology is a tool used in education and not an end in itself. The promise of educational technology lies in what educators do with it and how it is used to best support their students’ needs.
Educational Technology Challenges
BuiltIn reports that 92 percent of teachers understand the impact of technology in education. According to Project Tomorrow, 59 percent of middle school students say digital educational tools have helped them with their grades and test scores. These tools have become so popular that the educational technology market is projected to expand to $342 billion by 2025, according to the World Economic Forum.
However, educational technology has its challenges, particularly when it comes to implementation and use. For example, despite growing interest in the use of AR, artificial intelligence, and other emerging technology, less than 10 percent of schools report having these tools in their classrooms, according to Project Tomorrow. Additional concerns include excessive screen time, the effectiveness of teachers using the technology, and worries about technology equity.
Prominently rising from the COVID-19 crisis is the issue of content. Educators need to be able to develop and weigh in on online educational content, especially to encourage students to consider a topic from different perspectives. The urgent actions taken during this crisis did not provide sufficient time for this. Access is an added concern — for example, not every school district has resources to provide students with a laptop, and internet connectivity can be unreliable in homes.
Additionally, while some students thrive in online education settings, others lag for various factors, including support resources. For example, a student who already struggled in face-to-face environments may struggle even more in the current situation. These students may have relied on resources that they no longer have in their homes.
Still, most students typically demonstrate confidence in using online education when they have the resources, as studies have suggested. However, online education may pose challenges for teachers, especially in places where it has not been the norm.
Despite the challenges and concerns, it’s important to note the benefits of technology in education, including increased collaboration and communication, improved quality of education, and engaging lessons that help spark imagination and a search for knowledge in students.
The Benefits of Technology in Education
Teachers want to improve student performance, and technology can help them accomplish this aim. To mitigate the challenges, administrators should help teachers gain the competencies needed to enhance learning for students through technology. Additionally, technology in the classroom should make teachers’ jobs easier without adding extra time to their day.
Technology provides students with easy-to-access information, accelerated learning, and fun opportunities to practice what they learn. It enables students to explore new subjects and deepen their understanding of difficult concepts, particularly in STEM. Through the use of technology inside and outside the classroom, students can gain 21st-century technical skills necessary for future occupations.
Still, children learn more effectively with direction. The World Economic Forum reports that while technology can help young students learn and acquire knowledge through play, for example, evidence suggests that learning is more effective through guidance from an adult, such as a teacher.
Leaders and administrators should take stock of where their faculty are in terms of their understanding of online spaces. From lessons learned during this disruptive time, they can implement solutions now for the future. For example, administrators could give teachers a week or two to think carefully about how to teach courses not previously online. In addition to an exploration of solutions, flexibility during these trying times is of paramount importance.
Below are examples of how important technology is in education and the benefits it offers to students and teachers.
Increased Collaboration and Communication
Educational technology can foster collaboration. Not only can teachers engage with students during lessons, but students can also communicate with each other. Through online lessons and learning games, students get to work together to solve problems. In collaborative activities, students can share their thoughts and ideas and support each other. At the same time, technology enables one-on-one interaction with teachers. Students can ask classroom-related questions and seek additional help on the difficult-to-understand subject matter. At home, students can upload their homework, and teachers can access and view completed assignments using their laptops.
Personalized Learning Opportunities
Technology allows 24/7 access to educational resources. Classes can take place entirely online via the use of a laptop or mobile device. Hybrid versions of learning combine the use of technology from anywhere with regular in-person classroom sessions. In both scenarios, the use of technology to tailor learning plans for each student is possible. Teachers can create lessons based on student interests and strengths. An added benefit is that students can learn at their own pace. When they need to review class material to get a better understanding of essential concepts, students can review videos in the lesson plan. The data generated through these online activities enable teachers to see which students struggled with certain subjects and offer additional assistance and support.
Curiosity Driven by Engaging Content
Through engaging and educational content, teachers can spark inquisitiveness in children and boost their curiosity, which research says has ties to academic success. Curiosity helps students get a better understanding of math and reading concepts. Creating engaging content can involve the use of AR, videos, or podcasts. For example, when submitting assignments, students can include videos or interact with students from across the globe.
Improved Teacher Productivity and Efficiency
Teachers can leverage technology to achieve new levels of productivity, implement useful digital tools to expand learning opportunities for students, and increase student support and engagement. It also enables teachers to improve their instruction methods and personalize learning. Schools can benefit from technology by reducing the costs of physical instructional materials, enhancing educational program efficiency, and making the best use of teacher time.
Become a Leader in Enriching Classrooms through Technology
Educators unfamiliar with some of the technology used in education may not have been exposed to the tools as they prepared for their careers or as part of their professional development. Teachers looking to make the transition and acquire the skills to incorporate technology in education can take advantage of learning opportunities to advance their competencies. For individuals looking to help transform the education system through technology, American University’s School of Education Online offers a Master of Arts in Teaching and a Master of Arts in Education Policy and Leadership to prepare educators with essential tools to become leaders. Courses such as Education Program and Policy Implementation and Teaching Science in Elementary School equip graduate students with critical competencies to incorporate technology into educational settings effectively.
Shopping
Technology allows businesses to ensure that every aspect of the consumer journey is smooth, intuitive, and time-saving. This is achieved by incorporating fast and efficient ways of purchasing, such as cashless and one-touch payments increased shopping convenience.
According to Statista, in 2020, nearly 2 billion consumers purchased services or products online, with global eCommerce sales exceeding 4.2 trillion USD. The affluent nature of the eCommerce industry is luring a growing number of businesses into it.
The outbreak of Covid-19 followed by lockdown led to a significant shift in the shopping system of the people. According to a survey, the hunger for online shopping has risen from 45% to 65% during the long lockdown period.
Online shopping is changing every dimension the world purchases. Whether it is fashion apparel or electronics, online shopping is ruling the global market, and technology has transformed the way of shopping, whether online or in person.
In this, we will learn about the different ways in which technology shapes up the online shopping experience.
Top 3 ways technology Changes the online shopping experience
Technology plays a far more essential role in controlling the interaction between shoppers and sellers, from anticipated drone deliveries to engaging self-check-ins at airports. Technology has altered how merchants and customers connect, allowing marketers to improve their online presence, brand reputation, and equity.
Consumers have been empowered by technological developments that keep them informed about new trends, goods, and services. This has generated a necessity for all large and small-sized firms to adapt to the new changes to fulfill customer expectations and remain relevant.
Even now, technology is the driving force behind the growing eCommerce trend. Shoppers’ tastes and inclinations, as well as merchant offers, are evolving in lockstep.
Let’s take a look at the three ways technology is transforming online shopping.
1. Live video shopping
The idea of interaction began to alter the shopping as well as consumer experience when live video interactions grew more popular. Technology has grown considerably more sophisticated, efficient, and desirable, consequently making its way into most modern electronic gadgets. These shifts swept across the mechanics of shopper-seller contact, altering the shopping process forever.
Live video shopping is one such technology that will be ruling the market in the forthcoming days. Often known as live streaming, live shopping, or live eCommerce, Live video shopping is revolutionizing the way people purchase.
But what exactly is it?
The fusion of live-streaming videos with retail services is known as live shopping or live eCommerce. Live video shopping is a growing trend that companies use to advertise and sell their products via live video calls on different digital platforms with the help of influencers.
It allows you to display to your potential consumers the products you want to promote while providing real-time advice simultaneously. As the presenter, you can directly interact with the customers, who are watching the live stream. You’ll have the opportunity to persuade them to buy your items directly, and they’ll be able to do so with a single click.
Customers will have a significantly more interactive experience in this manner than if they used a standard self-service shopping platform where they simply fill their virtual shopping carts.
2. Augmented Reality and Virtual Assistants
Stores are adopting augmented reality (AR) to improve the shopping experiences of consumers which is resulting in additional possibilities to sell.
Take, for example, a few shops that have incorporated the freshly released concept of AR of magic mirrors. Customers enter the stores and sit in front of the mirror that scans their faces and applies the cosmetics and accessories virtually, combining multiple products to produce several looks. The consumer is then shown various proposed “looks” on a screen, from which they may quickly and simply select their chosen products.
This eliminates several barriers that occur considering the nature of beauty sales, such as “trying on” makeup can be time-consuming and messy. Consumers may be hesitant to test multiple products as it can ruin their existing makeup or skin.
Few brands, like Adidas and Nike, have taken “trying on”, to the next level by providing options on their official websites that allow customers to design their own unique products from scratch.
Other stores are employing artificial robotic “assistants” that appear on the screen to provide customers with information, suggestions, guidance, and answers to commonly asked queries.
Although the entire scope of robotics and artificial intelligence within the shopping experience has yet to be completely achieved, it is obvious that in the upcoming years, bots will acquire a stronger foothold in shopper and seller interactions.
Experts expect that bots will continue to support stores in areas such as restocking and warehousing. Although the impact of robotics on methods of direct interaction between shoppers and sellers is expanding with each passing year as more smart robots are performing a variety of tasks.
3. Behavioral analytics
There are several methods for analyzing data related to online consumers, as well as a huge number of areas to examine, ranging from site visitors to completed transactions. eCommerce businesses are using behavioral analysis of data to gather more detailed information about their consumers and provide them with a more tailored online experience.
Behavioral analytics examines customers’ search and purchase history, as well as their contacts with customer service representatives, providing a plethora of data to online marketers. Retailers use this information to forecast and recommend appropriate products and services to the target customers.
Many shops are using online business analytic tools to enhance merchandising, marketing, advertising, supply chain, and other strategic choices by gaining access to extensive data on the behavioral patterns of consumers.
Web and consumer behavioral analytics are achieving more significance as mobile users are becoming more comfortable with the concept of online shopping. Consumers prefer to conduct product and service research online, but they expect eCommerce businesses to provide them with a variety of alternatives based on their tastes and purchasing habits.
Benefits of technology in online shopping
The eCommerce sector has risen to a completely new level in recent years, and it continues to expand. Without a question, the simple online purchasing experience that we have today would have not been attainable if technology hadn’t progressed.
There are several reasons why online shopping is driving a vast number of shoppers to the digital world to buy their desired goods online at their doorsteps.
a) Convenience
The crucial reason why Indians are inclined towards the internet for shopping is Convenience. With the flexible 24×7 shopping, you can even buy your favorite dress online at 3 am in the morning lying on your bed.
b) Variations
While the local shops and malls have limited options of brands and styles, online shopping offers you an ocean of product varieties, sizes, brands, and the list goes on. They also strive to deliver high-quality products to their customers with a return policy in some of them.
c) Deals and Discounts
Everybody loves discounts. These eCommerce websites provide a pile of the latest deals and products offered to customers. It’s always better to browse other websites before buying something.
d) Safe and secure
Technology nowadays has become advanced and safe. While you can opt for the Cash-On-Delivery option, the latest e-wallet functionality is grabbing the attention of the shoppers. You can also keep track of your product from shipping to getting the product safely in your hands.
e) Easy product comparisons
You can find a broad variety of items on the internet. The vendors put all they have on the show. After evaluating the quality, features, and pricing of the items on display, consumers can pick from a range of models.
f) Better control
When we go traditional shopping, we often wind up spending much more than we intended and buying goods that aren’t precisely needed. You won’t need any store inventory to shop, and you’ll be able to obtain exactly what you want and need.
g) No crowd
Consumers often avoid shopping in crowds. There may be tremendous pain, especially during festivals, holidays, or weekends. Furthermore, being suffocated in a swarm of consumers can make you feel hurried or rushed. When you purchase online, you can avoid all of these issues.
Conclusion
People these days have a limited attention span of five to ten seconds, making it extremely difficult for merchants to pique their interest and persuade them to buy. And more so during these times, when customer behavior is influenced by technological advancements and heightened convenience demands.
Technology is definitely revolutionizing the global market. Gone are the days when finding any product was difficult, thanks to technology, which now has solutions to every shopping query. From buying a needle to buying a car, online shopping is definitely winning the hearts of everyone.
Whether it’s a user-friendly interface, a secure online payment system, or helpful chatbots.
How Technology Has Changed The World
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