Business technology allows businesses to better manage their data and personnel using tools, strategies, structures and technological governance. Business technology has many features, including networking, computers, accounting systems, telephone communication, inventory control, software and customer relationship management tools. In addition, with the accelerated changes in data tools and software, technology trends are altering how professionals view business models and innovations. Business technology continues to develop and grow significantly, impacting how organizations make decisions, analyze data, interact with customers and more.
An online Bachelor of Science (B.S.) in Business Technology from Northwest Missouri State University can prepare students with business and technical skills to set themselves apart from the competition. Graduates can gain well-balanced professional qualifications, technical skills and a strong business foundation to enhance their marketability.
Top Five Trends in Business Technology
Knowing and recognizing current business trends can keep business professionals at the forefront of their field and help them understand how these developments impact their organization. Below are five business trends that will influence the business world and beyond.
- Artificial intelligence and machine learning. While not a new technology, artificial intelligence (AI) and machine learning (ML) will greatly impact business. As AI becomes increasingly budget-friendly, large and small businesses will continue to incorporate this technology. Companies can use AI to make important business decisions, detect patterns in consumer buying trends and create more user-friendly customer service platforms. Machine learning allows computers to carry out tasks with massive data sets related to finance, healthcare, manufacturing and more. By utilizing machine learning, businesses can cut costs, increase efficiency and predict market changes.
- Digital twin technology. Digital twin technology uses a virtual model of an actual object. The model uses real-time data from sensors on the object to model and simulate behaviors. Used in combination with artificial intelligence and machine learning, digital twin technology can help businesses make informed decisions regarding performance, the object’s lifecycle and maintenance.
- The Internet of Things. The Internet of Things (IoT) enables multiple devices to be connected, share information and exchange data via the internet. For businesses, the IoT can increase safety, improve customer service, speed up medical care, boost efficiency and empower better decision-making.
- 5G Technology. So-called 5G is expected to revolutionize our daily lives with network speeds approximately ten times faster than 4G networks. With faster data transmission speeds and little to no delay in data transfer, 5G networks will be better at supporting connected smart devices, enabling services that use artificial intelligence and virtual reality to improve smart retail, safety management and more.
- Intelligent buildings. Intelligent facilities incorporate IoT-connected devices, cloud technology and augmented reality to maximize the well-being of the occupants and the building’s efficiency. Intelligent building design can use connected devices to adjust HVAC systems, grant permissions to specific occupants and automate daily processes. This technology will influence the property management, construction and business fields.
Progress Your Career With an Online Degree Program
This convenient, 100% online B.S. in Business Technology program from Northwest can enhance a student’s understanding of business administration techniques required to run a business. By growing software skills and developing training programs and modules with the latest multimedia tools, students can learn to think critically and act decisively. Graduates of this program will be qualified to combine their business background with hands-on, skill-based learning that will help them stand out in a competitive job environment.
Learn more about Northwest Missouri State University’s online B.S. in Business Technology program.
