Technology is now one of the most valuable resources for companies to distinguish themselves in their respective markets. Whether upgrading software, releasing security patches, or providing custom IT solutions, technology is a powerful tool companies can use to improve their business.
Various technology solutions are popping up for virtually every aspect of business operations. Even within a single function, organizations are moving away from all-in-one tools and using specialized applications for each process.
Artificial Intelligence
Artificial intelligence is on the verge of reshaping society as we know it. When you hear the term, you may think of self-driving cars, robots, or the upcoming release of generative AI (which generates images, music, and text).
Gartner defines AI as advanced analysis and logic-based methods that enable computers to perform tasks usually requiring human intelligence. AI encompasses various technologies, including machine learning, natural language processing, computer vision, robotics, planning, and decision-making.
AI gives individuals personalized suggestions based on past searches and purchases, internet behavior, and online activities. It also helps fight against cyberattacks by recognizing patterns and backtracking. It’s also behind customizing your social media feed and identifying and deleting bogus news.
Big Data
Big data is the term used to describe large, hard-to-manage volumes of structured and unstructured data that inundate businesses daily. This massive amount of information is applicable when analyzed, allowing organizations to gain insights that help improve decision-making and give confidence for strategic business moves.
The volume of big data is often measured in terabytes and petabytes. Still, it also includes low-density information that is difficult for traditional software to handle, such as text, images, and audio. The velocity of big data is the speed at which it streams in, requiring real-time evaluation and reaction.
Specialized IT solutions by M5 Systems LLC can help wrangle big data, providing ways to analyze it and uncover valuable insights for your organization. They can also help you optimize storage and make data easier to find and manage.
Automation
Automation is the application of machines to tasks that generally require human intervention. It can range from household thermostats controlling boilers to the earliest automatic telephone switchboards to the advanced algorithms powering self-driving cars.
Regardless of scope, effective automation solutions can deliver significant cost savings, improve efficiency, and allow employees to focus on activities that require human problem-solving and decision-making. However, too many organizations need to better manage their automation programs as technology projects rather than focusing on achieving business outcomes.
To make a practical impact, your organization must envision how automation can drive efficiency and improve performance. This should be defined by measurable efficiency and effectiveness improvements that yield bottom-line value. Then, choose the right tools and solutions to enable that vision.
Virtual Reality
Virtual Reality (VR) is an immersive technology that allows users to interact with a virtual environment using input and output devices. Its primary use is gaming, but it has several other applications in education, training, simulation, and exercise.
A VR headset displays stereoscopic images that create the illusion of depth and combine with input tracking to simulate an authentic experience. It requires powerful hardware like Graphics Processing Units, allowing high-resolution content and a smooth user experience.
One of the most valuable uses for VR is in demonstrating prototypes and preliminary designs for products. This can help companies save time and money on the construction and testing of physical models while allowing them to show their potential for success.
5G
When consumers hear about 5G, they may think of blazingly fast mobile broadband. However, 5G is so much more than that. With peak download speeds expected to be as high as 20 gigabits per second, 5G can enable powerful specialized technology like remote precision medicine, connected cars, and virtual and augmented reality experiences.
For example, 5 G’s low latency allows gamers to play games with almost no lag time. It also delivers the speed and bandwidth needed to support entertainment services such as video-on-demand. For mission-critical applications such as remote intensive care units, 5G offers ultra-reliable critical connectivity where a millisecond can make the difference between life and death.