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Top Technology Trends for business in 2016

by Alister Maple-Brown, CEO Rockend

The 21st century has seen rapid technological advancements and 2016 is set to see an array of new technology, which will certainly transform our current business operations. Just looking at your personal and professional surroundings, you can see that technology is having an increasingly profound effect on our lives.

The ever-evolving technology industry has flowered to become the dominating force in the business landscape. Businesses are constantly trying to take advantage of the new technology on the market and businesses who don't embrace the latest trends or fail to adjust to the ever transforming landscape, can lose relevance in the market place, just look at the likes of Borders and Nokia.

Here are four technology trends that many businesses will be embracing over the course of 2016.

1. Payments

A few swipes over your smart phone screen and a gentle tap is all it takes today to make payments to and from any part in the world. With ApplePay, GooglePay and a plethora of other mobile payment options on the market, making payments and sending invoices will be easier than ever.

2. Wearable technology

In 2016, wearable technology will finally get its chance to shine in workplaces as employers continue searching for ways to maximise worker productivity. DHL, the shipping-logistics company, are leading the way by using Augmented Reality to improve productivity by 25%. The technology is used to implement ‘vision picking’ in warehousing operations, where staff are guided through the warehouse by graphics displayed on their smart glasses to speed up the picking process and reduce errors. This is just one example of businesses utilising the functionality of wearable technology and devices such as the Apple Watch will become more prominent in the real estate sector during 2016.

3. Cloud

The cloud has been a term used for many years, but businesses are now more than ever, embracing the cloud and implementing this technology into their work place. Cloud based software is making its mark in the real estate industry, transforming traditional real estate business operations. Using a cloud based system allows for integrations with other systems, mobility and minimum maintenance. As more platforms switch to the cloud, businesses will soon see improved usability in a software ecosystem environment.

4. Internet of Things (IoT)

The Internet of Things (IoT) refers to numerous devices connecting and communicating with the internet. This trend is growing in leaps and bounds as more and more enterprises embrace new technologies and smart devices to improve connectivity. The IoT industry is poised to become the biggest trend in the tech world. Technology research company, Gartner, estimates that the all-encompassing world of IoT will include 26 billion internet connected devices by 2020.

The real estate industry has an exciting year ahead with many landmark technology trends on the horizon. It will be interesting to see how these technologies infiltrate our homes and business over the course of the year.

 

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