5 Small Business Technology Trends To Watch In 2020

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5 Small Business Technology Trends To Watch In 2020
<a href="https://pixabay.com/users/Free-Photos/">Free-Photos</a> / Pixabay

There are several emerging small business technology trends to watch in 2020. Innovative business technologies largely influence the way that we live and work. Whether it is in the form of company automation, IT managed services, or cloud-based solutions, advancements in tech have had a massive impact on the business world. As a small business owner, it is fundamental to learn about the latest tech trends that can help you potentially grow your company. This way, you can promote collaboration, productivity, and collaboration throughout your organization. As tech continues to evolve, here are the top small business technology trends to watch in 2020.

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Automation

First and foremost, business owners across industries have begun using automation to strategically improve their bottom line. While automated technologies are no longer new, many businesses have begun implementing them across various departments across their organization. For example, automation can be used to streamline operations in your accounting, customer support, data management, and operations department. Using these solutions, business owners like yourself can minimize human errors, reduce labor costs, and gain deeper insights into organizational processes. Moreover, these innovative technologies help you better allocate your workforce, revamp visibility, and keep employees motivated and challenged. Certainly, business automation is a major tech trend to increase productivity, task management, and operational stability in your workplace.

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Cybersecurity

As technology continues to play an important role in our personal and business lives, cybersecurity has become all-important to successful organizations. Upgrading cybersecurity will be more than a small business technology trend in 2020. In fact, it will prove to be a necessity to optimize continuity management, improve information security, and protect networks from unwanted access. Surely, there has been additional growth of cybersecurity in a pandemic world. To effectively safeguard their digital assets, many businesses have already turned to cybersecurity to implement intranet, human, and perimeter security. Moreover, many successful companies have begun additionally experimenting with employee training and security testing to drive better cybersecurity results. Of course, cybersecurity is an important business technology trend to help you grow stakeholder confidence, validate company credentials, and accelerate recovery times.

Containerization

Of course, containerization is a major small business technology trend to be on the lookout for this year. Simply, containerization is the practice of packaging your code along with all its dependencies into secure, lightweight containers. Once bundled in these containers, your application can reliably run across multiple operating systems or computing environments. To help you be successful in software containerization, a container registry manages access control, scans for vulnerabilities, and requires image authentication. Naturally, these practices optimize portability, productivity, agility, and security across your small business.

Deep Data Analytics

Next, deep data analytics are a must for businesses of all size. These innovative technologies provide actionable insights that business can use to make better decisions, enhance clarity, and better visualize information. Harnessing the power of business analytics technologies, you can optimize workflow efficiency, structure data, and recognize valuable trends early-on. Of course, this empowers you to quantify company values, amplify process efficiency, and elevate data quality. Moreover, you can even enhance your business goal tracking with data analytics. Surely, emerging technologies in deep data analytics are an evolving business technology trend to sharpen data reporting, amplify operational efficiency, and increase total revenue.

Contactless Payments

Moreover, contactless, or mobile payments have had a major impact on small businesses in 2020. Contactless payment solutions make transactions faster, more secure, and convenient for your business. This way, you can reduce in-store lines, enhance customer satisfaction, and upgrade your payment flexibility. Simultaneously, you can sync these solutions up with your inventory management solution to better track stock and identify pricing trends. Using these small business tech systems, you can minimize credit card fees, redefine fraud protection, and amplify operational efficiency. Certainly, mobile payment technology offers businesses plenty of additional benefits in the wake of the Coronavirus. Using mobile, touch-free payment gateways, you can ensure employee safety, better protect your customers, and reduce the transmission of the virus in your workplace.

There are plenty of innovative technology trends for small business owners to lookout for. First and foremost, business owners across industries have begun using automation to strategically improve their bottom line. As technology continues to play an important role in our personal and business lives, cybersecurity has become all-important to successful organizations. Of course, containerization is a major small business technology trend to be on the lookout for this year. Surely, emerging technologies in deep data analytics are an evolving business technology trend to sharpen data reporting, amplify operational efficiency, and increase total revenue. Moreover, contactless, or mobile payments have had a major impact on small businesses in 2020. Follow the points highlighted above to learn about the top small business technology trends to watch in 2020.

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