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3 Technological Advances In Business That We Can Expect Before 2025

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Technology never stops. It is something that is continually growing and becoming more and more integrated into our lives by the day. Technology looks for ways to keep users engaged but also creates convenience in our day to day lives. In numerous cases, technology has even surpassed human capabilities, which is why we rely on it so much as a society. Every passing year, technology upgrades from its previous version, and everyone around has to adapt to it in order to continue flowing along with this modern and technological world.

This same goes for the world of business. When you start implementing more advanced technology into your business, it can improve productivity and efficiency in the workplace. With technology, the tedious tasks that needed to be performed previously now become effortless and everything becomes a lot more convenient for the company as a whole.

Nevertheless, a great disadvantage when it comes to technology is that if people don’t get ready for the changes that are occurring every year with technology, they can fall behind, and as a consequence so will their business.

Businesses nowadays are always looking for technological innovations in order to maintain themselves relevant, as it is a factor that everyone looks up in everything. For instance, when the pandemic got underway earlier this year, casinos were forced to close due to restrictions placed by the government and state and in order to continue as a functioning business, they had to convert to an online-based business. Casinos such as https://casinoorbit.com/de/online-casinos-ohne-deutsche-lizenz/ did this by using technology to continue to thrive.

These days, people are aware that most businesses have an online presence of some sort whether it’s a social media page or full-fledged website that offers their services to its clients. If not, that business is almost sure to be a failure at some point down the line. If a business doesn’t utilize the technology they might affect the ability that they can communicate or interact with their customers in the long run.

On the other hand, for those who are successful these days are the ones that are ahead of the game when it comes to keeping an eye out for technological advances and the latest trends.Below, you’ll find a list of some of the future technological advances in business we can all expect to see within the next 5 years.

Facial Recognition Technology

Facial Recognition Technology is the next big thing in technology, it will serve businesses as a way of identification, either for their employees or for their customers. Using facial recognition is a great way to identify and authenticate a person by considering all biometric measurements. This method will make the recognition process of a person as well as overall security of our everyday lives to another level entirely.

Artificial Intelligence (AI)

You have probably heard about Artificial Intelligence, and although it sounds like a myth it will be much more prevalent sooner than you think. What much of the world doesn’t realize is that AI is already running many of the technology and applications that we use on a daily basis. It is said that AI can enhance and correct the customer’s experience when doing business. In the same way, people believe that AI can even correct business operations because of its precision and excellent development.

5G Technology

5G Technology is coming soon to a phone or tablet near you. When it comes to business, 5G will be a significant improvement to the speed of transactions, network connections and more.  In addition, 5G technology will include top-notch technology, including the latest cutting edge networks with an ability to navigate and download faster than ever before.

These are just a few of the technological advances that are expected to appear in the next couple of years, start preparing yourself for them, as they are most likely going to benefit your business in a variety of ways.

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Business

Israeli startup Eloops Connects Remote Workers through Gaming

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The new popularity of working from home has proved a threat to corporate identities. How do companies retain a sense of company culture when employees are working from home?

An Israeli startup is innovating a solution to this unique 2020 problem. Eloops has created a game that nurtures connections between corporates and their employees.

Everyone can use gaming to stay in the loop and stay in touch through gaming, much as they would around the water cooler at the office.
Companies can no longer engage in things like Taco Tuesdays, dress down Fridays, or happy hours on Friday afternoons.

These events united management with their employees, but now that companies have lost these moments of shared intimacy, it is easy for teams to become disconnected.

Eloops is a SaaS startup in employee engagement that now wants to help its clients to maintain the connection between employees.

The new platform will soon launch with Eloops targeting human resource professionals with their gamification tool that brings together a host of virtual activities as well as content templates to enhance communication. These technologies will help companies to connect with employees and ingrain their company goals, culture, and values.

Eloop has created engaging content on the platform including trivia, peer-to-peer recognition and reward programs, engaging content, as well as competitions.

The startup allows companies to understand employee engagement better by providing analytics data. Employers will be able to see how frequently employees interact, what activities they prefer, what content is most popular, and who are the most engaged on the team.

The tool allows companies to promote company culture in new ways based on how employees experience the game.

Keeping employees engaged is now more crucial than ever because employees are working remotely than ever before.

Turning the employee experience into a game helps companies to keep their staff connected while they work to align their teams with company values, culture, and goals.

The platform provides engaging activities for employees and awards participation with company coins that they can redeem for fun both online and offline. Rewards can take the form of parking spots, discounts, days off, maybe even a lunch meeting with the company CEO.

Eloops is a company founded in 2017 by Idan Shem Tov along with Sharon Dayag, Naor Melamed, and Tal Groder. Based in Tel Aviv, the company has received backing from Venture Capital funds like Sarona Ventures, Angel Investors, and Fusion LA.

The company has already implemented their game HR magic with a wide range of companies ranging from MultiNationals to SMEs.

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Satellite Over IP is the Key to Reliable 4K Multiscreen Services

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The needs of television consumers have been evolving throughout the past decade. We have gone a long way from the days when a family would gather around the television to watch a feature movie during the weekend.

Modern consumers want on-demand content delivered across devices and in the high definition quality. It can be difficult to deliver this to consumers.

The satellite industry responded to this challenge by enhancing internet connectivity and satellite over IP to meet the requirements for people to access high quality TV on multiple screens.

How Viewing Habits have Rapidly Evolved

Consumer viewing habits are shifting for a number of reasons. 4K Television sets are getting progressively cheaper and more and more people can access them.

As more people can afford 4K TV sets, demand for high quality content increases.

Over-The-Top and Subscription Video on Demand video services are spreading and enabling people to view their favorite television shows.

Parks Associates found in their research that 76% of households on Broadband were subscribed onto an OT video service in the first quarter of this year.

Consumers want to access content across all their devices in the house. Most American households have at least one TV that is connected to the internet. Smartphone usage is expected to drive further growth in the future.

Bandwidth

Modern television viewing is demanding in terms of bandwidth. 4K TVs bring in an exceptional quality of image and sound but majority of homes do not use them to watch 4K content.

In order to meet the expectations of modern content, households need more broadband bandwidth. The presence of fiber infrastructure and high speed broadband internet in different locations limits the ability to deliver 4K content to homes in remote areas.

In order to stream 4K content in a reliable way, you need a 50mps connection speed. But even in developed countries like the US, average broadband speed is 32.89Mbps. The global broadband speed average is 11.03 Mbps and TV producers have to find ways to deliver content in a way that their viewers can access.

Satellite Delivery over IP

Satellite offers a way to deliver 4K content to all subscribers whether or not they have access to high speed internet.

One of the major benefits of a satellite TV service is that it allows access to quality premium entertainment. With Satellite Delivery over IP, you can deliver 4K content to all smartphones, televisions, tablets, and game consoles in each home.

Satellite Delivery over IP technology takes conventional television signals and converts them to IP based data streams which it then transmits across an IP network for viewing on all IP compatible devices.

With Satellite over IP, you can make high quality content available on a range of devices, even where the infrastructure, like fiber networks, is missing.

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How can a lawyer make use of the advances of technology?

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Technology is now being used everywhere, including workplaces. It is no exception in the industry of law. The law profession has embraced new technology. The development has enabled lawyers to be like the business industry by automating processes in a better way. 

One of the enhancements is the availability of many created applications that help lawyers carry their operations in a smart and faster way. In short, the law profession has been digitized. This article aims to examine ways in which a lawyer can make use of the advances in technology.

 Some of the methods include the following:

Access To Professional Info

Lawyers can easily access the help of experts in the industry. Having the right people to assist or mentor you is the dream of every new lawyer. In every firm, there is a need to invest in hiring a professional who can help take your business to the next level. From the internet, lawyers can now outsource services with ease. Many people advertise their skills on the internet. Firms have also created websites where you can easily find them. On these websites, there are details about the firm in concern. You can type what you need in the search bar section and quickly get the details.

Communication Management

The ability to secure reliable results for clients depends on effective communication. Communication skills in the legal market are changing with the development of technology. Clients have different preferences on the means of communication, and lawyers have to adapt to these new ways. Law firms are also implementing up-to-date channels of communication. 

One way lawyers can exceed expectations by interacting with clients is through communicating in different time zones. It is now easy to pick conference calls from the comfort of their homes with fewer charges compared to old times. You only need a stable internet connection! The use of  VOIP makes it easy for lawyers to keep track of calls. If you have never heard of VOIP, then start thinking of it as an easy way to make long-distance calls. VOIP is an abbreviation of Voice over Internet Protocol. This method involves taking audio calls through the internet.

Legal Calendar Software

If you are a lawyer looking forward to growing the performance practice of your law firm, legal calendar software will solve your problem. You could be running a small or large firm. The size does not matter because there is a lot to develop when it comes to law practices. According to experts from https://www.clio.com/practice-types/family-law-software/, there are different ways in which you can use legal calendar software. The software allows lawyers to work effectively, hence increasing profitability. The uses include;

  • Scheduling the firm’s activities
  • Connecting events to cases
  • Updating clients
  • Billing

Leveraging Analytics

Lawyers use cognitive analytics in automating routine processes in a law firm. Complex statements in legal documents get simplified into a context that is easily understood. Lawyers achieve this process through the use of artificial intelligence that analyzes contracts while automating the approval process. The development of artificial intelligence is one of the essential legal technologies. The use of analytics has directly impacted law firms by reducing contract reviews cost by a considerable percentage. This technique is significantly changing law firms as lawyers can minimize the time used to review contracts. Instead, lawyers can use this time to interact with clients. The other way lawyers can use analytics as advanced technology is by examining the language of the judge’s opinions. 

E-Discovery

The last way in which lawyers can make use of technology advancement is automating e-discovery. We may not understand the time lawyers take to prepare cases. The job may look simple to an outsider. This belief is false! Lawyers spent more time preparing cases. For them to find pertinent evidence, they have to sift through documents for long hours. Fortunately, new technology has simplified the work. Everything is in digital form. Lawyers can get evidence via emails, database archives, or through mobile devices. The e-discovery software uses analytics in speeding the process. The added advantage of automating e-discovery is that streamlining the process is simplified because of the elimination of irrelevant documents. 

New development in technology is transforming the law industry. Lawyers and law firms are now embracing the changes. You need to have the right technology to adapt to this development. Partnering with professionals in technology will give you access to all the necessary technological tools. You can smoothly run advanced applications while protecting sensitive data. With all the relevant tools in place, lawyers will work more effectively.

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