4/28/2021
How Technology Can Boost Your Entrepreneurial Success | Cameron Forni | Entrepreneurship
a How Technology Can Boost Your Entrepreneurial Success by Cameron Forni | Apr 9, 2021 | Cameron Forni, Entrepreneurship
Technological innovation is growing at such a rapid pace that Moore’s Law can’t even de ne it. No longer just referring to transistor growth, technology keeps expanding in new directions such as device type, speed, and communication methods. The predicted number of smart devices over the next ve years will be near 38 billion, web hosting will reach over $77 billion in revenue, cloud solutions will attract over 70 percent of the market, internet users will far exceed the current 4 billion people online, and the global AI market is predicted to have a compound annual growth rate of 42.2% over the next six years. Green initiatives have launched a strong push for businesses to rethink socioenvironmental issues such as ecological destruction. More than 100 Fortune 500 companies have already received substantial bene ts after switching to solar power. As an entrepreneur, it’s essential to stay abreast of the latest technology trends. https://cameronforni.net/2021/04/09/how-technology-can-boost-your-entrepreneurial-success/
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4/28/2021
How Technology Can Boost Your Entrepreneurial Success | Cameron Forni | Entrepreneurship
Regardless of size, technology can help today’s businesses succeed and save money. Small businesses bene t the most from tech solutions since they often have the same goals and tasks as larger companies, minus the budget, space, or sta . Some tech solutions are even free and exible enough to use in a variety of industries. Arti cial intelligence (AI) and machine learning have been in the headlines for the past few years, and with good reason. Machine learning has enabled large chunks of big data to be sorted and deciphered to detect patterns and behaviors. From these ndings, predictions can be made. This has been a game-changer for several sectors, including retail, government, nancial, healthcare, and transportation. Other bene ts of AI include 24/7 chatbots to assist customers. This is also a relatively untapped resource for many industries. As an entrepreneur, it’s essential to explore whether it would be an excellent tool to use. Data analytics is getting a lot of attention as well. Businesses can examine trends and make changes to save more and spend less. Instead of doing analytics in-house, rms are hired to come and give an assessment. One way small businesses can save money is on real estate and low turnover. Both of those are connected when the concept of knowledge workers working remotely is no longer a futuristic vision. The events of 2020 sped up the inevitability of allowing certain types of workers to telecommute. Performance gures from 2020 proved that people either maintained the same productivity level or performed better by staying at home.
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4/28/2021
How Technology Can Boost Your Entrepreneurial Success | Cameron Forni | Entrepreneurship
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