Business 5 Trends That Are Changing the Shape of Digital Business

Businesses are a way of life. They are what keep companies alive and profitable in a world full of competition. As such, a business owner cannot afford to sit idly by, expecting his company to stumble into the future with him at the helm. Rather, a business owner needs to be active and get out and about, meet people, network, and otherwise participate in the business world.

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Business 5 Trends That Are Changing the Shape of Digital Business

Businesses are a way of life. They are what keep companies alive and profitable in a world full of competition. As such, a business owner cannot afford to sit idly by, expecting his company to stumble into the future with him at the helm. Rather, a business owner needs to be active and get out and about, meet people, network, and otherwise participate in the business world.

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That doesn’t mean that he gets to give up on his work: on the contrary, a business owner needs to be constantly on the ball, be aware of the latest trends, and use that knowledge to drive growth and profits. The best small businesses are built on solid principals- strong management, sound business strategies, and an ability to innovate. In this brief article, I will discuss three trends that I believe will play a major role in small businesses in the next decade.

One: augmented reality will impact all forms of business in the future. Gartner Research forecasted that by 2026, “there will be over two billion touch-screen displays.” This means that small businesses will have access to augmented reality technologies through their smartphones and tablets, which already allow users to do things like browse the web, perform business deals, watch videos, and interact with their phones in ways that were impossible just a few short years ago. Whether it’s a virtual business card or a customized pen that a CEO is holding, augmented reality technology is going to change the way we do business.

Two: Big data will impact all forms of business in the future. Google, Amazon, Baidu, and countless other web giants are collecting huge amounts of data on everything from their customers’ searches to where they’re going on the internet. This data allows businesses to take advantage of it by providing better service, selling more products, and monetizing their websites. Google already makes millions of dollars every month from these fees. This key takeaway points to the fact that big data and smart apps will be key ingredients to the success of small businesses in the future.

Three: The growth of mobile business will create massive opportunities for smaller businesses. According to Ken Cox, CFO of Tracfone, “In five years, we could have fewer than 10% of our outlets on mobile devices. That’s huge.” Apple has the ability to dominate the mobile space and is working feverishly to make mobile apps as user friendly as possible. If small businesses can’t figure out a way to do business on a smart phone, then the business of mobile app development could be completely shut out.

Four: The trend toward social networking will continue. LinkedIn, Twitter, and Facebook have all recently become essential to successful small businesses. It was reported recently that neither LinkedIn nor Twitter would become the dominant social network. However, this doesn’t mean that other types of channels won’t start to impact the business landscape. “The key is to get a foothold, get into the conversation, take hold, and dominate,” says Matt Cohen, CEO of tech giant Clear Channel. He continues, “we see these apps as being much more important than e-mail or even text messaging.”

Five: The continued growth of the internet has created significant opportunities for business owners. According to Jeff Brinkley, “The main story of the last five years has been an explosion in online business opportunities. More people are making money doing tasks that used to require high costs or technology. By continuing to capitalize on those opportunities, business owners can continue reading their business bible.”

So there you have it. The five key pieces of business information that you should keep an eye on. These business 5 trends will continue to impact the business landscape in the next five years. If you’d like to dig into more details about the subject of the article, feel free to contact me at any time. I’m interested in writing about topics that I feel passionate about, so if you have an opinion or an experience to share, chances are you’ll be able to write an engaging article. In the meantime, I hope you’ll please consider all this and think on it.

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