The 5 Most Used Technology's Of Big Business and why you should use them

THE 5 MOST USE TECHNOLOGIES OF BIG BUSINESSES 

   Hello there and good day, we all know having that using technologies in your business will significantly and directly affect your business revenue and income stream. In today's world almost every business are leveraging technology's and using it in thier business. So, it is essential as a business owner to adapt to the business world and use this technologies in your own business. So, in this article I will provide you with the 5 most common and important technology's to apply in your business. And we start with one of the most important;

5. CUSTOMER RELATIONSHIP MANAGEMENT (CRM):  

As the name implies, the CRM is a business technological strategy or tool used by businesses to manage thier Customer Relations and provide more customer support and services to thier customers. Having and using CRM has become a important tool for businesses to effectively manage customer interactions, gather data, and personalize customer experiences as noted by the IBM. 

      The concept of CRM came into existence in the early 1970s, it came as a need to better manage customer's data and build a better customer relationship, through constant interactions and the use of technology's. This has allowed many companies and firms world wide to analyze customer information and improve the business marketing and sales strategies to thier customers specific needs, this has lead to better customer satisfaction and loyalty.

Before the term "CRM" cam into existence, business only kept customer data from record-keeping manually using tools like Rolodexes. 

The term "CRM" was first coined by Robert and Kate Kestnbaum, who's main interest was to focus the business services and goods on customers respective needs. In the 1990s Tom Siebel of Siebel Systems developed one of the first commercial CRM software products, further popularizing the concept. 

     For over 50 years since the creation of the concept customer relationship management have become an important tool for driving business success. So, as a business leader, enterprenuer or investor you should apply customer Relationship Management to your business has it has helped many businesses worldwide. To learn more about how to build Customer Relationship Management read this article How to create a Stellar Customer Relationship

4. BLOCK CHAIN TECHNOLOGY: 

      You might have heard about block chain technology, mostly becuase it is used in banks, also known as the Distributed Ledger Technology (DLT), the Block Chains are public data stored in a business block database which are cryptographically linked together in a chain. What this means is that Block Chain is a database of which businesses use to store data in a retrievable form that can only be accessed by the business. The Block Chain will store a unique code called a hash which enables it to classify each unit of information. 

      Since there are many hackers and online data attackers it is important to use Block Chain networks in a business. Becoming one of the most widely used technology's in the world Block Chain Technology is being used in Cypto currency exchange to track orders, payments, accounts, and more. They are also used to maintain share patient data in a clinic or hospital, recording property ownership rights and recording customer data with the business. In better explanation the Block Chains Technology, is that it is used in storing data's made from Customer Relationship Management therefore expanding the previous concept or Technology.

        Banks are one of the biggest users of Block Chain Technology as they use of blockchain in ways such as payments, settlement systems, fundraising, securities management, loans, credit, and finance. With the decentralization ledger for payments, blockchain can provide faster payments and lower fees than banks. 

       As Block Chain Technology has repeatedly and is continually helping businesses to manage data and banks make numerous services to thier customers more efffecineltly, it would be important to apply this to your business, for more further and improved business growth. For the explanation of one notable term (Cryptography) Cryptography is the process of hiding or coding information so that only the person a message was intended for can read it. It is used generally by many businesses mostly in notable industries as Banking and Ecommerce. The proceeding Technology is one that has given many people even work at home people employment and well paid jobs. 

3. CLOUD COMPUTING:

      Firstly, what Is Cloud Computing, dont get a wrong perception of the concept. What is it is that Cloud computing simply refers to the delivery of computing services over the internet, including storage, databases, software, and analytics. As I said Cloud Computing has helped in creating freelancing works (Work at home Jobs), that is because it is widely been needed by big and small businesses alike.

      Cloud computing has profoundly changed the way we live our lives . But, where did it all begin? The use and the creation of Cloud Computing began to form over the early 1960s as a result of Computer scientist J.C.R. Licklider who had a vision of an interconnected world population, his vision was that the global populatuon could access and use programs and data anywhere around the world. with this came the development of the Advanced Research Projects Agency Network (ARPANET).

      In 1999, Salesforce became the first company to offer service applications in the internet. Three years later, the industry grew massively with video, music and other media being hosted and delivered online.

        Today, as a result of Cloud Computing global cloud adoption will continue to expand rapidly according to research. Cloud Computing should be adopted by businesses to help handle computing services across the internet.

2. CYBER SECURITY 

The field of cybersecurity started to take fom in the 1970s with the development of the first antivirus program, Reaper. The commercial antivirus software era began in 1987 with the release of Anti4us and Flushot Plus. 

What is Cyber Security?

The term Cybersecurity is the practice of protecting systems, networks, and programs from digital attacks from hackers and online data attackers. It involves using hardware and software to prevent unauthorized access, disruptions, and misuse of data or website.

Why is cybersecurity important? 

Being a system hardware and software that provides protection to important and sensitive information from being accessed, changed, or destroyed. The Cyber Security system is important to business as it:

1. Helps to prevents money from being extorted from users via ransomware.

2. It prevents normal business processes from being interrupted.

3. It provides security to sensitive information like credit card number form being stolen by hackers. There are several other benefits of including Cyber Security System's in your business has over time it has helped big, medium and small sized businesses to maintain thier data, funds and to stop interruptions of the normal business processes. 

So, applying Cyber Security System's in your business startup will a good decision to take. 

Lastly I offer the most important of all Technologies in today's business world, the Artificial Intelligence (AI)

1. ARTIFICIAL INTELLIGENCE:

   What is an AI?

An AI refers to computer systems algorithm that can perform tasks that requires human intelligence, such as problem-solving, learning and decision-making. AI systems uses algorithms and data to make predictions, classify objects, and generate insights.

    Learn more of the AI's history, development and it's important to today's business world How AI has revolutionised the business world

 As you know it in today's world using AI's which is mostly use in the Global South compared to the Western World, has made lot of business benefied more than others who don't use AI's. 

Applying one of the 5 listed technologies in your business, would directly improve your business performance in it's industry and it will help in making your business better understandable to your customers needs, Store data in cytographical systems, compute data in the internet, provide security to sensitive business information or data and make your business AI driven. All the listings are in a there order of importance to a business. If you Wish to apply them to your business, apply accordingly as they have been listed above. Thank you and I hope your business gets the best out this technologies.

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