Technological Innovations Business Can Benefit From

Keeping up with the latest technological advancements and looking at how you could incorporate them in your business can be a next to impossible task. Especially considering all other daily obligations you have to take care of.

There have been substantial technological innovations made in recent years. Such innovations have contributed greatly to the increase of business productivity, as well as business profitability.

This guide will highlight certain industries that have benefited greatly from taking advantage of such technological innovations.

Real Estate

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When you think about real estate, maybe you can’t seem to pinpoint how it can benefit from using the latest technological advancements, right? Technology has provided realtors with a creative way of increasing their efficiency and attracting more clients at the same time. Features like virtual viewing, property listing and lease management are enabling greater productivity to those who are business savvy enough to take advantage of.

Real estate brokers have become aware that their clients seldom have the time to look at all prospective property they might be interested in. 3D tours can help potential buyers make their decision from the comfort of their home. What’s more, you can connect those videos to all your social media accounts and have them on display for anyone to see.

Software companies have seen the potential market in this industry and have, therefore, designed cloud based applications, such as lead management solutions, credit checks or applications forms.

Technological innovation isn’t applicable only to selling property. Landlords and renters can also benefit from it. Landlords are always on the go visiting numerous properties throughout the day. Luckily they can receive a notification on their phone if an Airbnb illegal sublet has been detected. So, that’s one less job to stress about. Renter no longer have to interact with their landlords while paying rent when they can do so online using their credit or debit cards.

Agriculture

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Technology has expanded its reach even in the agricultural sector by creating sensors which provide information on current farm and water conditions. There are also crop sensors that provide information on the correct amount of field fertilization that is needed. Identifying livestock has never been easier than with the use of GPS, RFID collars.

Creating an enclosed ecosystem not dependent on outside environment is also made possible, in small scales though. The idea is that waste products get transformed into oxygen, food and water.

The expansion of urban living has made space in big cities a big issue. Vertical farms could cultivate plants within a skyscraper which could be beneficial in greater weather protection and reduced transport costs.

Stores 

Store workers can increase their productivity and focus more on providing excellent customer service by integrating some technological innovations that could provide them with such free time. Workers waste a lot of valuable time making sure all the products have their price tags as well as paying attention whether all the shelves are fully stocked. We won’t even mention the amount of time writing and changing the prices can consume.

However, technology came to the rescue and created digital pricing displays that take minutes to update. The shelf problem can also be eliminated with shelf sensors which will alert the shop assistants if a certain shelf is empty and needs to be re-stocked.

The number one complaint all consumers make is directed towards endless check-out lines. Some businesses lose a lot of clientele because of this issue. Those who are up to date with the latest technology have check-out systems that allow the consumer to scan his or her products and check-out via an app. These owners need not worry about losing their customers due to long lines.

What’s next? 

It’s hard to predict what will the next years bring when it comes to technological innovations other than it will surely follow the trends. One thing that is apparent is that there will be no room for businesses that don’t hop on the technology wheel.

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