Contact for Admission

Arun Arya

Prof. (Dr.) Arun Arya

Contact for Admission

Arun Arya

Prof. (Dr.) Arun Arya

 

Uses of technology in Business

In the 21st century, there are several examples of the use of technology. Technology has overhauled the way things were done. Its use in every sector is significant. Whether it is for business or social purposes, students of top engineering colleges in Jaipur no longer rely on traditional methods and means. Businesses have also adopted technology for their benefit. This is one of the reasons why tech companies like Apple, Microsoft, Samsung, etc. have become dominant drivers of economic growth.

In recent years, there have been new inventions and developments in the field of technology. Modern tools like Artificial Intelligence, the Internet of Things, Big Data, and Cloud Computing are some examples. These developments have transformed the traditional ways of doing things. Nowadays, everything is being brought to digital platforms. E-commerce, E- learning, Remote Working, and Online Banking, almost everything now requires some sort of technology.

Why is technology so important in business?

Earlier, when there was very little use of technology by businesses, the IT department was not a must in a company structure. However, Today, the IT department in every business, big or small is indispensable. IT experts of top information technology college in Jaipur are largely attributed to the changing dynamics at the organizational level.

Every company now requires its staff to be tech-savvy as keeping the workforce up to date with the emerging trends, it not only boosts productivity but also has an immense bearing on the bottom-line. As technology evolves, companies have an ultimate need to encompass technology. This is because technology has transformed several elements for the better.

Some of the uses of technology in business are as follows:

1. Artificial Intelligence

Artificial Intelligence has been one of the biggest advancements in the technology field. It has been a game-changer for both small and big enterprises. Its importance can be understood by looking at the investments being made in AI. AI is concerned with the intelligent behavior of machines, and today it has become an integral part of our lives, without us even realizing it. AI enhances the user experience and it is being used in latest gadgets. Students of private engineering colleges in Jaipur are providing assistance with the help of software like Google Assistant in Android while Siri and Cortana in ioS and Windows respectively.

2. Machine Learning (ML)

Machines can get intelligent on their own, intelligence is imparted into them and this is where machine learning steps in. Machine Learning is an application of Artificial Intelligence that makes machines able to automatically learn and improve from experiences, without a need to explicitly program them.

Machine learning focuses on the development of computer programs that can access data and later use that data to learn. The primary aim for the students of top BTech colleges in Jaipur is to make computers able to learn automatically without any human intervention. Businesses use ML in many ways, Manufacturing industry uses ML for predictive maintenance.

Manufacturing firms require regular maintenance and correction practices, so they use ML to obtain meaningful insights. This helps them to lower the risks of unexpected failures.

3. Cloud Computing

In simple terms, Cloud Computing is the delivery of computing services over the internet. The services include servers, storage, databases, intelligence, networking, software, and analytics. Cloud computing offers firms faster innovations, flexible resources, and economies of scale. It is no less than a blessing for small firms that cannot afford their own computing infrastructure and data centers.

4. Mobile Application

Smartphones have witnessed a great surge in their demand. As everything shifts to the digital platforms, smartphones have become a handy tool to carry. Companies also know that people have the option of looking up businesses and anything else that comes to mind whenever they want.

5. Augmented Reality (AR) and Virtual Reality (VR)

Augmented and Virtual Reality are among the top technology trends of the 1st century. Both technologies are very useful in many ways to businesses. Augmented reality is a technology that works on computer vision-based recognition algorithms to augment sound, video, graphics, and other sensor-based inputs on real-world objects. It uses the camera of devices to perform.

AR is a good way to render real-world information and present it in an interactive way so that virtual elements become part of the real world.

6. Blockchain

A blockchain is a transactional database where each involved party generally has access to the same information regarding the transactions. It is difficult for the students of the list of engineering colleges in Jaipur to alter the database information except if the majority of participants are in agreement that this alteration is in harmony with the defined rules for an approved transaction.

Blockchain enables the execution of secure transactions among multiple parties while eliminating the need to verify the transaction with a third party. It establishes trust among the parties within a network that would be communicating. This technology has an integral role when it comes to innovation and value creation.

Conclusion

Technology is the biggest gift humans have given to themselves. Our reliance on it is increasing day by day and, as it seems, it will increase further. Staying ahead in the market is the biggest challenge for any firm as the competition is fierce and market dynamics changes quickly. Technology helps businesses to keep up with the changing market.

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