All these trends are primarily workplace-related.

What we are missing from this picture is that the impact the exponential development of the digital world had on industries like the Oil & Gas and manufacturing industry maybe even more profound.

So, much so, that in a couple of decades from now, the centuries-old cycle of legacy industrial facilities may finally be broken.

Let us examine this technological evolution in greater detail.

The higher level of automation brought by the internet of things

This development became inevitable ever since the corporate world recognized the unlimited potential of IoT.

To put it simply, not allowing the machines to collect the relevant data, pass the information between each other, and self-regulate their production processes ramps up operational costs, and leads to lower production efficiency.

This operational gap will become even wider as the IoT technology continues to develop and evolve. So, it is safe to predict that the legacy industrial tools will be gradually replaced with newer equipment produced with smart capabilities in mind.

The ongoing development of machine learning

Deep machine learning has always been considered one of the most promising AI trends. What does this technology bring to the table in terms of industrial production?

Well, the AI will inevitably hijack the management of IoT-powered facilities. Processing the abundant data collected in such an environment simply requires the speed and efficiency that can’t be achieved by human beings. This efficiency gap will only continue to grow in the following years.

Finally, human involvement in industrial production will be relegated to the following duties:

• Data analysis
• Critical and creative thinking
• Product development
• Sales and marketing
• Software engineering
• IoT development
• Programming for robotics for and automation

The e-commerce expands to the big industry sector

This trend may look insignificant at first glance, but it has the potential to move the mountains as time goes by. One of the main advantages the smaller industries had over their big clunky brothers was their nimbleness. For instance, the speed at which they can acquire the business assets.

The current expansion of e-commerce to the big industry sector is making this difference disappear. These days, for instance, the big O&G companies can find new oilfield equipment online and make large-scale purchases just as easily as small companies can restock printer cartridges.

Rise of cutting-edge employee tech

In the previous sections, we have painted a somewhat grim picture of the future involvement of human labor in the industrial sector. But, as we could see, human involvement will remain very relevant in areas like data analytics, decision-making, etc.

This focused employee participation opens up the doors for the rise of dedicated digital tools whit the sole purpose of improving the efficiency of these limited human resources.

What kind of tech are we talking about? Primarily the platforms aimed at optimizing workflows, data processing, mutual communication, and oversight of the on-site equipment.

Seamless communication leads to high-quality customer service

The on-site production may be one of the most important sectors of various big industries. However, all companies that are pushing some form of product on the market need seamless customer service to stay relevant.

Fortunately enough, recent breakthroughs in the areas of Artificial Intelligence and machine learning have made this job far simpler and more efficient as well.

As a result, the industrial conglomerates will be able to deliver personalized customer experience, automate most of the tiresome CS processes and move the focus of the customer experience to emerge grounds like Virtual Reality.

We hope these five developments gave you some general idea about tectonic changes the industrial enterprises are undergoing in this supposed heyday of the digital transformation. When this transition is over, the way we look at the industrial sector may be completely different from the outlook we have now.

The roles of humans in the production will, inevitably, continue to lose ground, but the adoption of new technologies will create new job opportunities for a qualified workforce. How fast we will come to this point, yet remains to be seen.

Author Bio: 

Mike Johnston is an avid blogging enthusiast and experienced content writer with a focus on business, technology, entrepreneurship, and real estate.

The post Digital Transformation : The new Face of Big Industrial Sectors appeared first on Tech Research Online.

While we’re still doing our best to salvage 2020 in terms of business events and making connections via various online events and platforms, we are still hoping that 2021 will be a pandemic-free year for us to return to live events.

In the past few months, in particular, technology and digitalization have both been pivotal in digital networking and enabling companies to stay connected with other industry experts, customers, and their audience.

In the same spirit of innovation and growth, we can see 2021 as the year when even more advanced tech solutions will rise to the surface.

As we look forward to months of live events and restoring some semblance of normal, let’s see what tech novelties and trends will help shape live events of 2021 for your business and your network community.

1. Analytics and Risk Assessment

Data will redefine how companies deal with events, and brands will more than ever rely on business intelligence to create live events that will resonate with their target demographic.

From the marketing campaigns to the registration process, all the way to post-event surveys and traffic, your data will define future events and help adapt the current live event based on the information you can collect.

Artificial intelligence and machine learning will also be of great help to recognize and reduce the risk for every live event that you organize.

2. Elevated customization

Trends are here to help companies exceed, not just meet standards and expectations. Technology in particular will enable businesses to create authentic experiences during live events to build visitor engagement and later on traction in their community.

To achieve better customization, businesses will typically collaborate with professionals in order to tailor-make the right tech-based experience.

To create tech-supported, authentic events, brands will rely on technical rental solutions for live occasions that include audio and video equipment, advanced lighting, and staging.

This will allow companies to focus on the content of their events and build their marketing around the event, while the tech and the experience will be tailored by experts.

3. Utilizing VR and AR

In addition to making your events customized to your needs and tailored to audience expectations, businesses will utilize more VR and AR solutions in 2021 and beyond, as well.

This means that an entirely new level of interaction can be achieved for brands and their customers, as they’ll be able to get a more in-depth glimpse into your product or service.

Both augmented reality and virtual reality will find various purposes in live events, especially because companies will use their own mobile apps, and they’ll send out personalized content to each attendee.

4. Sustainable Practices

Every business can go that extra mile in promoting greener efforts and choosing to take steps to preserve the environment. Many have yet to master this art when organizing their next event, which is precisely what will steal the spotlight in 2021.

As more people become aware of the peril of our planet, companies are looking for creative ways to transform their events. In fact, for many companies considering their first trade show, they’ll factor in the idea of sustainability as one of the most vital concepts.

• Facial recognition technology will make sign-ins redundant in that traditional, print-out format.
• Instead of paper flyers, businesses can send out digital newsletters and personalized offers based on each attendees’ preferences.
• Instead of all things plastic, brands can collaborate with eco-friendly catering companies.
• Resource management will be smarter and tech-supported to reduce waste.

5. Live Streaming for More Engagement

We can expect that recovering from the pandemic will last well into 2021, and we can expect companies as well as individuals to be reluctant, reasonably so, when attending events.

You’ll find many still interested in online versions of events, which is precisely why live streaming events will help companies stay relevant to all of their audience members.

Abiding by the recommended guidelines will most likely spill over into the upcoming year, so ensuring that the right measures are followed by enabling digital event visits can be extremely helpful to preserve your reputation.

Plus, live streaming is becoming all the more popular for international events with a diverse audience.

Conclusion:

We may need to adapt to the new idea of normalcy, but we certainly have the means to do so, even in the world of live business events. With the right tech at our disposal, we can look forward to successful, sustainable, and highly personalized event experiences across various industries.

Learning from these arising tech trends will help your business stay at the forefront of your niche and allow you to create engaging, inspiring events that you will be able to use to grow your presence and your reputation over time.

Author Bio:

Mike Johnston is an avid blogging enthusiast and experienced freelance writer. He’s a regular contributor to numerous online publications, where he writes about business, finance, management, and technology.

The post Top 5 Tech Trends for Organizing Live Business Events in 2021 appeared first on Tech Research Online.

Your entire IT sector can rely on various AI-based tools and processes, whereas your financial sector can thrive with smarter trading opportunities at your disposal. Machine learning combined with AI and a range of other innovations truly paves the way to success for your business. Here’s where you need to start!

Prepare your business and your teams

No matter how independent AI can be once implemented, the people behind it still matter more in how your business will evolve. That said, your employees need to be able to dictate the rules on AI implementation across their designated departments, and they need to be able to put the received analytics and solutions to good use each and every time.

It takes time to close the capability gap present in your business, but you should first and foremost address this issue before you move forward with any AI implementations. This will ensure that every employee has the necessary training and skills to use the new tools properly.

Start with a smaller project

Considering how promising AI is for your company, you might feel inclined to jump right ahead to complete overhauls to AI-based tools and systems and completely change your current workflow to rely on AI. This is a probable future for many businesses, but you should first start with a pilot project to test out any potential issues and setbacks that would be specific to your team or a particular department.

Pick a single, specific problem that you want AI to solve, and then let it use all the data available to provide you with the best outcome for your business. Use this as your test project for overall AI implementation to boost your processes, and you’ll get a glimpse into the potential this technology holds for your company.

Consider diversifying your trading portfolio

What most business owners fear the most is making a poor investment decision and thus jeopardizing the financial stability of their organization. With AI by your side, you can make smarter, safer investment decisions and reap the financial rewards to fuel your business growth. For example, the lucrative world of cryptocurrencies can be quite risky. However, with the right AI algorithms at your disposal paired with superb crypto mining hardware, you can make more accurate predictions, cut down on maintenance expenditures, and choose financially sound investments to grow your business.

In fact, AI is now used to automate trades for more versed crypto aficionados, and work in unison with the blockchain technology to ensure safer transactions and more personalized trading options. The use of AI in such instances will give you access to more robust funding for your business and open up numerous trading opportunities.

Use AI to automate and delegate

Different business processes need that human touch of creativity to work properly. Others, however, can be easily delegated to AI-driven tools and solutions that can take the bulk of the grunt work and let your professionals handle the rest. Provided that you’ve trained them properly in how to use the AI tools in the first place, mind you.

AI can selectively collate relevant data based on the predetermined filters (that you’ve set, of course), for your lead generation in sales, for example. Or, you can use comprehensive AI solutions to monitor your entire business workflow and provide suggestions on how you can improve based on past performance indicators. Business-wide automation is a necessity, not a luxury, and the key piece of the growth puzzle for companies to safely scale their processes without overwhelming their employees.

Adapt your workflow and your tools

Knowing your business goals and the role AI can play in them is a great starting point, but you also need the means to reach the end. Luckily, AI can be indispensable when you’re selecting a range of business tools to reach your goals faster, and in a more cost-effective manner.

For instance, every single digital business now needs more advanced cybersecurity tools at their disposal, and this is where you can amplify the impact of your existing ensemble with AI. In addition to your must-haves for increased safety, you can look into AI-driven options that help spot and prevent potential gaps in your security plan, and analyze your protocols for potential improvements.

Conclusion:

Innovation should be the cornerstone of your business, be it as part of your value proposition, or as an internal driving force to help you grow. At this rate, AI will become the new mainstream in various business operations, hence the need to jump on the bandwagon sooner, rather than later. That way, you’ll maximize the benefits AI can bring you, and master its use across a range of different departments, to make sure you’re making the most of its every capability.

Author Bio: Mike Johnston is an avid blogging enthusiast and experienced content writer with a focus in business, technology, entrepreneurship, and real estate.

The post 5 Crucial Steps to Embracing AI in Your Business appeared first on Tech Research Online.