Emerging Technologies for Businesses in 2022
Updated: May 6, 2022
There are IT-based solutions to cater to different needs from sales to shipment, and management to administration. Businesses are using IT-based solutions and services to speed up sales, to faster innovate products, and to stay ahead in the competitive market.
Technology In Business Is a Growing Necessity
Integrated web applications, cloud-based solutions, ERP and CRM software, mobile apps, APIs, Data Analytics are common IT-based solutions have become a norm in almost every industry. IT-based solutions help improve administration, increase productivity, streamline operations, and make them cost-efficient. Banking, Education, Medical, Transport, Logistics, and even City administration are incorporating IT-based solutions to innovate products, improve productivity, increase sales and optimize operations and cost.
Banking
Customers would have to often visit the bank in person for wire transfer requests, to get the account statement, and even to enquire about any transaction history. The everyday business processes were slow and time-consuming for banks as well as customers Banking and customer service have changed completely since banks started to evolve the service delivery around IT-based solutions. Customers can do all kinds of transactions and access information on their phones, tablets, and computers at any time and any place, thanks to the powerful web applications and cloud services. Banking applications are not limited to customer service only, they assist staff and administrators in day-to-day operations. Bank applications cover almost every aspect of banking operations. Banking operations that can be handled by banking softwares:
Floating new accounts
Processing Deposits and withdrawals
Money Transfers
Loan and credit processing
Servicing loans
Calculating interests
Customer relationship management activities
Self Service Options for Clients
Marketing activities
Fraud management based on AI
Types of Banking Softwares
Merchant Banking Softwares
Retail banking softwares
SMS banking Softwares
Emerging Technologies and Solutions in the Banking Industry Cyber Security- is a subject that deals with how to keep your bank details safe and secure. They are adding more and more advanced analytic, real-time monitoring, biometrics, and behavioral analysis software to find risks and stop them from causing problems with the systems. They are also using anti-hacking software that protects the network by detecting suspicious behavior and possible threats. Cloud computing- is an important part of the service delivery architecture. It allows banks to enter new markets and use new distribution channels. Banks can save money on capital and operating costs by using cloud-based services to store and protect customer data. Thanks to the updated use of IT-based solutions and web applications that have changed everything about banking, and have eliminated the need for people to meet in person to do business. Every bank needs to be able to offer competitive customer service, efficient administration, and reliable management.
Education
Until a year ago, when the Covid-19 situation came up, schools, colleges, or institutions were the main way to get and give education. They were also an important part of the education industry. Teachers had to manually take attendance of students, keep records in registers, and prepare written lesson plans. Students, on the other hand, had to carry and refer to the study material which was available in physical format. Exchanging or sharing study material was difficult. Information Technology in education can improve collaboration, communication, and delivery of information. The introduction of IT-based solutions in the education sector has revolutionized the learning pathway. Teachers can now teach and students can now learn while sitting at long distances with the help of technologies such as Google Meet, Zoom, Google Classroom, etc. It has become easier for teachers to keep the record of students at one place, which is accessible at all times by the students as well as parents. Teaching-Learning operations that can be handled by education softwares:
Communication tools
Data systems
Education service provider
Finances ad fees
Fundraising
Student information system
Types of Education Technology Softwares Following are different types of key softwares that are built to serve different aspects of the industry.
Learning Management Software
Customer Relationship Management
Course ware
Online Assessment Software
Smart Classroom
Reference Software
Emerging Technologies and Solutions in the Education Industry Different web applications and IT solutions have given constant support to the education sector, especially during the times of the pandemic, when the schools and colleges were shut down. It is possible just because of IT that distance learning programs from top universities of the world can be completed while sitting in any corner of the world. Here are some of the best IT-based solutions that can help schools become more productive, save money, and improve their students' skills. Learning Management system A learning management system (LMS) is a software-based or SaaS-based platform that enables the administration, automation, and delivery of educational courses, training programs, or other forms of learning and development. It includes features that enable administrators to automate time-consuming and repetitive processes such as user grouping, group enrollment, deactivation, and new user population. Learning management systems enable content to be accessed via mobile devices, facilitating learning on the go. It is, without a doubt, a requirement at this stage. These LMS solutions ensure that this access is simplified in its travel and flow and is available on-demand, making it as simple as possible for learners to obtain the information they require. Customer Relationship Management (CRM) Education CRM integrates all lead generation channels, such as phone, chat, and email, and alerts your admissions team to take action immediately. Emails and other forms of communication can be automated to accelerate response times. Additionally, it may assist in spotting trends that serve as feedback to marketing, admissions, and other departments involved in the process. Workflow automation is another useful and extensively utilized element of a CRM system. This tool will ensure that you never again miss an opportunity to respond to or follow up on an inquiry. Tracking is another excellent function included with the majority of CRM systems. It helps colleges to determine which website(s) a particular student visited to locate your institution. This enables more intelligent marketing budget planning, with resources directed toward the most effective marketing efforts. Education and cloud computing Cloud computing allows for the storage of study-related data on remote servers that can be accessed from any device connected to the internet. They can access their homework and test-related materials via mobile or desktop devices, which helps students lighten their rucksack loads. With cloud-based technologies, educational institutions can now provide students with virtual classrooms. The course content, applications, and data are accessible to users at any time and from any location. They can also enroll in classes and participate in group activities. Cloud computing significantly cuts infrastructure expenses. Additionally, cloud-based solutions offer scalability, allowing for the management of usage peaks and traffic surges generated by events such as training registrations and assignment submissions. Accessibility and cost savings are not the only benefits of cloud computing. Additionally, it safeguards your data. Businesses that use the cloud to educate their employees can protect their data using a VPN. Protocols such as IKEv2 are responsible for automatically encrypting outbound data and traffic, such as when connecting via a VPN. Artificial Intelligence (AI) AI can assist teachers in creating intelligent content that makes teaching and learning easier for both them and their Students. AI can assist in the development of bite-sized learning, study guides, and digital textbooks, all within the context of digital education. AI can assist you in a variety of various ways to examine data, including through simulations, visualizations, and web-based learning settings. AI can ensure that educational software is tailored to the unique needs of each student. Students already have adaptive learning tools, games, and programs. Artificial intelligence will automate administrative activities like grading tests, analyzing homework, completing relevant paperwork, and creating progress reports, allowing teachers to focus on their core job of teaching.
Medical & Health Care
Before the advent of information technology, hospitals maintained patient medical records, registrations, and administrative data in handwritten formats in registers. It was highly time-consuming to locate a patient's history, with a significant probability of missing important documents. IT has had a significant impact on the medical industry. Physicians can now immediately access a patient's history for review and maintain a more accurate record. Along with the introduction of wearable equipment such as pacemakers and fitness trackers, IT solutions have made it easier to monitor one's health daily. Businesses and individuals can now maximize the value of that data for researchers through the use of customized IT solutions. Electronic health records enable the storage and retrieval of a patient's entire medical history. Healthcare operations that can be handled by Healthcare softwares:
Patient Portals
Telemedicine Software
E-Prescribing Software
Remote Patient Monitoring
Hospital Management
Health Tracking
Patients record maintenance.
Tele Consultation
Administration and payment processing.
Types of Healthcare Technology Softwares
Electronic Health Record (EHR) Software.
Medical Diagnosis Software.
Imaging and Visualization.
Medical Database Software.
E-prescribing Software.
Appointment Scheduling.
Medical Equipment Management
Emerging Technologies and Solutions in the Medical industry The medical sector has improved technologically with the convenience of treatment as a result of these solutions supported by the information technology sector. The following are some of the most widely utilized information technology-based technologies and solutions in the medical sector. Electronic Health Record (ERH) - With the advent of electronic health records, hospitals and physicians are no longer required to maintain physical records for their patients. Hospitals may save significant amounts of money and space by storing all of their information digitally, which simplifies the process of storing, retrieving, and sharing data. COVID-19 was discovered by Blue-Dot nine days before the World Health Organization issued a statement warning people to be on the alert for a new coronavirus. Blue-Dot's success is contingent upon possessing a wealth of knowledge of people and things. Natural Language Processing and Machine Learning techniques are utilized to collect data from hundreds of thousands of sources, including official public health pronouncements, digital media, worldwide airline ticketing data, and livestock health reports. It can process a large amount of data in just 15 minutes. It is capable of doing so all day, every day. Blue Dot: COVID-19 was found by Blue-Dot nine days before the World Health Organization released its statement about a new coronavirus, which told people to be on the lookout for it. The key to Blue-Dot is having a lot of information about people and things. A tool called Natural Language Processing and Machine Learning is used to get data from hundreds of thousands of sources, such as official public health statements, digital media, global airline ticketing data, and livestock health reports. In just 15 minutes, it can process a lot of information. It can do this all day, every day. IoT: The Internet of Things (IoT) has made it possible for healthcare workers to keep an eye on patients from afar, allowing them to keep patients safe and healthy and allowing doctors to provide the best care possible. It has also made it easier for patients to communicate with doctors, which has made them happier and more engaged. Remote monitoring of a patient's health also helps cut down on how long they stay in the hospital and prevents them from being readmitted. IoT also has a big impact on lowering healthcare costs and improving treatment results, which is why it is so important.
Logistics & Supply Chain
The Logistics sector has undergone enormous changes with the help of IT-based tracking and communication softwares. Web applications, tracking devices, and management softwares have reshaped the entire distribution set up to speed up the supply and delivery network. The Inventory and supply chain cost has also been reduced considerably. IT-based technologies like blockchain, EDI, AI, and Cloud Computing simplify the complex process of logistics. Let’s take a look at a few of the solutions and technologies that are shaping the next generation logistics and supply chain. Key operation in the Logistics & Supply Chain that can be handled by softwares
Supply Network Planning
Detailed scheduling
Sourcing and supplier management
Supply chain analytics
Inventory management
Customer requirement process
Returns management
Warehouse management
Types of Technology Softwares in logistics
SCM (Supply Chain Management Software).
TMS(Transportation Management Systems).
GPS and Tracking Tools.
OCR (Optical Character Recognition).
Procurement Management Software.
Dispatch Management Software.
Emerging Technologies and Solutions in the Logistics and supply chain A smart Contract is a self-executing contract between the buyer and seller that automatically gets embedded between the code. This mechanism allows the code and the agreement to exist across the distribution and decentralized blockchain network. The Smart contract helps buyers and sellers save paperwork, time, and m