What you need to know about trending business tech innovations 2020

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What you need to know about trending business tech innovations 2020

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From working from home to curbside customers, COVID-19 has reshaped business on every level. With change comes innovations, and there have been several tech innovations 2020 has brought to us.

Here are the top trending business tech innovations, and how to add them to your business.

DARQ — Financing of the future

DARQ is the name of the financial software solutions of the next generation. Consisting of distributed ledger technologies, artificial intelligence, extended reality software, and quantum computing, DARQ is a powerful tool that can launch a modern business into the future of finance and data analytics.  

Distributed ledger technologies allow for encrypted transfers of money and information between parties. Artificial Intelligence is being applied to monitor market trends as well as production data. This predicts the most effective courses of action for a business.

Extended Reality Programs are being utilized by early adopters as a testing ground for new products. Instead of having people enter an office to interact with a product in person. ER allows for that interaction to happen virtually. ER also allows for more comprehensive monitoring of product testing interactions.

Finally, Quantum Computing is the solution to the outpacing of consumer demand for computer processing. Businesses that have integrated quantum computing see success in shortening data processing times. This means less time counting numbers and more time creating actionable solutions.

Content management software

In an era where traditional adverts are as archaic as the phonogram, digital media marketing is an essential tool for success. Integrating a CMS into your business allows for your team to spend less time posting and more time working on essential tasks. The two main programs on the market are HubSpot and Salesforce.

While both software boasts similar features, when it comes to HubSpot vs Salesforce, it is a bit of an unfair fight. Salesforce seems like the cheaper option upfront, with a clean UI and several boastful promises. Ultimately, it doesn’t match up to what it promises.

Hubspot, on the other hand, contains all of the same core components on a scalable platform. With HubSpot, you only pay for what you need. That means there are no extra fees or features included.

Tech innovations 2020’s human solution: Reskilling

It is important to keep the human element in mind when considering new technologies. As more software solutions reduce the need for manpower, consider reskilling your workforce for other applicable tasks. Take those who would have been on the floor and teach them how to manage the office from home.

The global pandemic has radically shifted the need for works out of production floors and into home offices. Embrace this change by finding profitable ways to reskill your workforce. Not only does this ensure staff retention, but it also increases profitability in the long run.

Integrate those innovations  

From software so smart it can balance your books to reskilling your workforce, tech innovations 2020 created are endless. Consider which trending tech your business can profit from, and how you can apply it. 

Check out our blog for more insider industry information.

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