Technology has always influenced mankind and his choices. Right from the times of Wright brothers to the internet age, technology has had lasting influence on the affairs of man. Airplanes changed the way man travelled, and today, the internet is changing almost every aspect of man's life. The way we interact with other people, the healthcare, job market, living standard, and almost everything has technological influence. Businesses have evolved with time. Traditional business models no longer influence people; instead, people are now driven by technology Business decisions are largely made due to interpreting data that is available in different formats. Customers have now become choosy, and are willing to take advantage of technology. Businesses are more and more inclined to understand customers and their buying patterns. Studies have been conducted on various levels to get a hang of customer intentions. Eventually, technologies are slowly evolving which will empower business owners in ways unimaginable.
Connection is almost achieved due to internet of things. People are interconnected day in day out due to various products which are connected to one another. When people travel, the cars are connected; phones have sensors that give out data about owners buying and living styles. Everyday objects to industrial machines have now in-built sensors to gather data which has tremendous value. Actionable insights can now be singled out from the gamut of data and business plans can be accordingly made. Businesses have evolved and with new technical edge, can bring about unprecedented growth to the businesses.
Big data has given rise to new level of learning. The amount of data generated on a daily basis cannot be managed with limited resources and human intervention. Machines have been programmed to identify recurring patterns to make strategic moves that will empower businesses. New computing technologies have enabled machines to learn from new data and independently adapt to changes. Machines will now be capable to produce reliable, repeated decisions and results on a consistent basis. Major organizations such as financial services, governments, healthcare setups, marketing companies, etc. are benefited by machine learning.
Security has always been a concern since the advent of internet. Increasing incidences of cyber attacks into government websites, banking ecosystems and many other leading industries has lead to a need for a platform that can shield against such impending threats. The level of attackers is growing and new strategies are formed to gain access into secure networks with an intention of gaining customer information that is critical. These factors will have sustained impact on the business eco system. Leading players are now focusing on building platforms that could be self sustaining and powerful enough to provide necessary edge in the business field. Data will transform the world and need for superior systems would always be a need.
