It can be said without any doubt that the advantages of technology and innovations have affected several industries during the last few decades. The effect is termed by many people as the Fourth Industrial Revolution. The revolution has made the internet an important part of all businesses. Almost all brands are on the website.
To keep yourself knowledgeable, you may have anadvanced technology update from the following sources:
- Reading digital reports
These reports provide information on the latest developments in the industrial sector, the most popular conventional technology, and the technologies that would be implemented.
- Technology news
There are several online news portals that would keep you updated and help you to interact with industry experts.
- Webinars and live events
These programs can be free, or you may have to pay a registration fee. They are conducted in various fields and by experts.
Several MNCs and organizations publish newsletters that provide updates about the new technologies and the newsletters would be delivered directly to your mailbox.
- Open-source communities
They provide information regarding best practices in industries.
- Knowledge sharing and collaborating with teams
This is a good platform to learn from others or sharing your ideas and knowledge.
- Online courses
Several universities or institutes offer online technology courses, webinars, etc. Most come for free, or you may have to pay a fee.
Effects of modern technology on industries
- Big data
It is mostly used in banks although other organizations also use them to understand the trends related to consumer behavior for improving their services. There can be better ways to attract customers based on the trends. Big data helps in better management of resources and in supporting employees to complete their work faster.
With the help of this software, huge amount of data can be viewed, sorted, and analyzed in seconds. Trends or patterns can be identified from different quality of data that were previously unheard of. These strategies enable more effective processes to target and convert customers.
Initially started as recreational toys, drones are now used in several segments of industries. Drones are used for:
- Delivering medical supplies in remote areas
- Used by hospitals to supply provisions to different floors
- Warehouses use drones to monitor their products
- Farmers use drones for monitoring their produce, detecting pests, etc.
- The entertainment industry uses them for creative display
- Oil and gas industries use drones for monitoring the installations
- Drones are used in construction industries to observe the topography, construction, and ground surveys
- Mining companies use drones for mining operations
- Image recognition technique
Image recognition is one of the significant advantages of modern technologyand very beneficialfor the industrial sector. This technique is used for facial recognition, surveillance, video analysis, unmanned vehicles, augmented reality. Buildings and commercial complexes use it to identify guests as they walk inside their premises.
It is also used by online shopping sites to help customers in purchasing products.
- Virtual reality (VR)
The virtual reality technique which was introduced as an entertainment device has diverse uses now. Real estate industries that use VR, can give their potential customers a virtual experience of the apartments or homes. It is like walking through the rooms and going through everything in detail instead of visiting the site in person.
VR is used by marketers to help customers in trying out clothes or garments virtually without visiting the store. You just need your smartphone, tablet, or laptop for the purpose.
Fitness industries and gyms also use VR. If you do not feel motivated to work out, you can install the VR apps. It is fun and would provide you an opportunity to virtually do boxing with an opponent, climbing a rock, etc. right from the comfort of your home or the gym.
Other segments where VR is used are:
- Automobile manufacturers
People wanting to buy cars can try them out through VR right from their homes.
- Construction industry
You can see how your future home would look like after construction.
- Interviews for jobs
Many companies conduct VR interviews to select potential employees.
- PCB (Printed Circuit Board) designing
PCB designers use a form of VR called augmented reality (AR) to visualize the designs.
Organizations can develop faster as speed is most important in the current world and modern technology is speeding up the business processes throughout the globe.