The Impact of Emerging Technologies on Business Operations
In today’s business environment, emerging technologies are essential in aiding companies scale quickly, boost resilience and quickly deploy technology solutions.
However, these technologies also pose risks that must be managed before full deployment. Therefore, CIOs must prioritize both value creation and risk mitigation equally.
1. Web conferencing
Web conferencing is an innovative technology that enables users to share presentations, videos and other files with multiple people at once. It can also be utilized for customer training sessions or other events.
Web conferences are an increasingly popular option for businesses, particularly when they want to increase revenue without breaking the bank. Furthermore, they’re useful for employee training programs and virtual team-building exercises.
Web conferencing is made possible through several major technologies, such as video conferencing, instant messaging, screen sharing and virtual whiteboarding. Depending on the chosen technology, web conferencing software may run either as a browser application that requires an Internet connection or as a local application installed on each participant’s computer.
2. Teleconferencing
Teleconferencing is an invaluable tool for connecting people and working on projects together. Not only does it save companies money on travel expenses, but it may also reduce employee burnout.
Teleconferencing is becoming an increasingly popular business tool, enabling companies to train employees and introduce new products or policies remotely. It helps reduce their global footprint too, since workers can work from anywhere without needing to leave their homes.
It is essential to select a date and time that works for all participants in the teleconference. It should not conflict with legal holidays, school vacations, religious events or other professional commitments.
3. Electronic security systems
Security systems are one of the most essential tools a business can utilize to safeguard its assets. These programs typically prevent theft and other types of intruders from entering the premises.
Electronic security systems come in many varieties, such as access control, alarming and intrusion alarms.
These systems utilize various sensor technologies that enable them to detect any intrusion into an area. Furthermore, they feature a control panel that permits authorized personnel to activate or deactivate the system as needed.
Taut wire perimeter security systems utilize tensioned tripwires to detect any attempt at cutting or climbing over the fence. These systems can be sensitive to different frequencies, levels of noise or vibration and adjusted so that objects that exert small amounts of pressure on the tripwires are ignored.
4. Biometric alarm systems
Biometric security systems are becoming an increasingly popular means of authenticating users at businesses and critical infrastructures. They can be utilized to identify individuals based on their fingerprints, face, or iris patterns.
These systems can be utilized to replace passwords for computers, phones and restricted access rooms and buildings where sensitive equipment is stored. Doing this helps reduce the risk of hacking through stolen credentials or lost devices.
However, biometric technology also raises several ethical and legal issues. For instance, sharing or selling of biometric data without consent could violate privacy rights.
Furthermore, the connection of biometric traits to identity records may raise social, cultural, or legal concerns such as disenfranchisement. Therefore, careful oversight and public discussion are essential.
5. Online money transfers
Sending money to people and organizations outside the US remains a challenge for many businesses, as it can be difficult to collect payment from foreign partners, leading to disruptions in daily operations.
Thankfully, new technologies make sending and receiving money abroad much simpler. One such example is online money transfers, which enable individuals and businesses to move funds between accounts without exchanging physical currency.
These services make it simpler for businesses to pay employees and suppliers worldwide, as well as conduct international transactions. Furthermore, they help reduce fees and exchange rates.
