The 21st century has seen a lot of advancements as it relates to technology. Just a few years ago, your phone could do little more than answer calls and play basic games. Today, smartphones dominate our social and professional lives. Today, approximately 4 out of 5 customers are making their purchases online through a smartphone. Technology has also changed the way that we use the internet and how we communicate with each other. What are a few new technologies that your company could benefit from today?
Telematics Can Save Money On The Road
Telematic technology allows your vehicle to communicate its position and other data back to corporate headquarters. Whether you have a single vehicle or a fleet of them, this information can help you find faster routes for commercial vehicles or find ways to help your drivers put less wear on the company car. These tips may help save thousands of dollars each year in travel and maintenance costs.
Drones Can Offer Faster Delivery Times
Drones have the capability to deliver products to customers in a matter of minutes no matter where they are. Equipping a drone with a camera may allow companies to do estimates without the need to have a person actually come to a customer’s home. It may also allow an estimate to be done when a customer is not home, assuming that you have permission to send the drone.
3-D Printing Can Cut Down On Waste
A 3-D printer can cut down on the amount of material needed to complete a project. It may also save money because it won’t make errors that may require some parts of a project to be done two or three times. While the printer may be a large upfront cost, it will pay for itself more than once over its lifetime.
Change How You See The World With Augmented Reality
Augmented reality allows you to create virtual worlds that are superimposed on top of the real world. It may even be possible to use such technology without large glasses or other awkward equipment. This technology is both cool to use and can save money on paper, pens and other items that can be created and saved in a virtual environment.
Business owners with an online MBA degree learn to use modern tools are the ones most likely to succeed. While you still need a good product and a solid business model, companies that adapt and evolve tend to stay around the longest. Therefore, you need to learn how to identify new tools before they become mainstream to gain a competitive advantage.