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Modern business environment cannot be discussed separately from the emerging usage of technology in various activities and especially in communication with customers. Several emerging technologies are expected to affect business now that is in the future as we look at the future business we find it is capable of _____. Of most concern to companies such as Jain Software that are in the vanguard of technological advancement, is how to keep abreast of these trends if they are to sustain their growth. In this blog, one finds out what are the trends that exist within the technology world and how companies can adapt to these trends.

1. AI and Machine Learning Revolution
Artificial Intelligence (AI) and Machine Learning (ML) have ceased to remain as things that exist only in movies and today it is impossible to think of business without them. The application of AI and ML is steadily gaining ground in organizations to support decision making, create personalized customer experiences, and increase levels of operational efficiencies by performing repetitive tasks.

For instance, intelligent chatbots and virtual assistants are significantly improving the overall customer support as it responds immediately and is customer-oriented. Similarly, the ML algorithms can learn the modeling of the processors with the large amounts of data to predict the customer behavior, supply chain management, the real-time fraud detection algorithms, etc.

From the case of Jain Software, there are advantages which can come from the incorporation of AI and ML in solutions. Thus, by creating AI applications, for example, value added supply chain solutions or adaptive marketing tools, Jain Software can contribute to the fact that companies evolve into intelligent and informed, managing their data more effectively and being more focused on customer needs.

2. Basically, Cloud Computing and Edge Computing
Computing on clouds has already revolutionized how organizations handle and store their information. But the future trend is more of cloud computing integrated with edge computing in most cases. The cloud computing reduces the data processing to certain data centers which are far apart while the edge computing minimizes computation and data storage to … This approach eliminates delay, boosts speed and also accelerates efficiency of applications.

To the businesses it means fast and effective working especially for the applications which need immediate processing as, for instance, auto-mobiles, IoT, or AR interfaces. This brings opportunities to Jain Software to implement hybrid cloud solutions for maximum utilization of both the cloud and the edge computing systems to balance between the flexibility and scalability of business operations.

3. Internet of Things (IoT) or things connected to the Internet or its evolution.
Internet of Things or IoT is considered to become the next big thing where billions of things are connected all over the world. Internet of things is reshaping our lives in an unprecedented way from smart homes, smart cars to smart cities. IoT represents one of the biggest sources of opportunity for businesses to improve their ability to gather data, to increase the efficiency of operations and to generate new revenue streams.

The incorporation of the IoT devices in the healthcare, manufacturing, and logistics firms will help to check the status of the equipment, track inventory, and safety of the employees. IoT sensors can be used to track and control the stock and also monitor the customer’s activity at the retail outlets.

On this trend, Jain Software can come up with IoT solutions that will assist organizations in the tracking and tracking of their assets and the management of their operations. For instance, bringing IoT usage in tracking inventory or in developing smart buildings help to gather useful data and optimize the work.

4. Cybersecurity and Privacy Enhancements
These days, many organizations’ are adopting some level of digital transformation, and this has led to the need for stronger security be it online based. The threats are getting more complicated and advanced and the impact of cyber attacks on businesses and their clients is extremely dangerous. In return, there will be a shifted focus toward developing superior technologies and tools like artificial intelligence threat identification, secure blockchain and quantum messaging encryption.

Organizations cannot afford to ignore Security and privacy of their data as it is very crucial in engaging consumers and meeting the lawful requirements such as the GDPR and the CCPA. Jain Software can come up with an important role of providing the adequate cybersecurity services that will enable businesses shield from the cyber threats while ensuring the security of their data.

Businesses need secure cloud hosting, encrypted communication channels and other features like protection from threat detection through AI tools and Jain Software can help them remain prepared in terms of cyber security.

5. When the word ‘Technology’ is mentioned most business organizations’ understand it to be the use of Augmented Reality (AR) and Virtual Reality (VR) in Business.
Gone are the days when icons such as Augmented Realty (AR) and Virtual Realty (VR) were limited to casino/ sports/ fun uses but today has taken a firm root into the business world. Virtual showrooms to remote training, Augmented Reality and Virtual Reality helps in achieving better results in terms of customer satisfaction, reducing costs and increased operational efficiency.

AR in retail can help the customers to look like the models, then they can have a feel of products before purchasing them. In real estate business, VR can be used to give virtual tours of any property thus eliminating the expenses that would have been incurred in a physical tour of the property. In manufacturing it can be used for example in performing the operations that involve the remote maintenance and identifying the problems associated with the assembly line equipment.

For those who have no idea how to use AR or VR in their business, Jain Software will be ready to offer the best applications tailored to meet the needs of different companies. In that case, extending from virtual training programmer for employees or fashioning mobile applications with AR functions, Jain Software is capable of delivering efficient solutions for business promotion.

6. Communications Technology: 5G and Its Effect

5G networks are on the horizon, which promises to deliver improved data transmission rates, increased reliability as well as reduced latency. It is the next generation network which will enable business to run data hungry application such as live video streaming, AI based analytics, and IoT with ease and at faster rate.

From business organization’s perspective, 5G will facilitate the enhanced experience of remote working, improved cloud access, adoption of technologies such as AR/VR, and AI. One way Jain Software can be ready for this change is by designing applications that can run smoothly on the 5G networks that will be available in future to benefit its clients.

7. Blockchain Beyond Cryptocurrencies

Despite the fact that Ethereum was initially invented for bitcoins, today, it is used much more than only for financial transactions. It is also important to note that blockchain technology provides secure, transparent and unalterable solutions for many business uses cases for instance, supply chain management, identity management and smart contracts.

For example, through the help of this technology, supply chain can become more transparent as all the participants of this chain will be able to monitor the origin, distribution and handling of products in real time. A blockchain solution enables the checking of the credibility of parties involved in a transaction and accelerate the rate of processing of these financial transactions.

In light of this, Jain Software will need to investigate blockchain and apply it as a range of new solutions as a business, for instance, Apps, secure identification, and supply chain solutions.

8. Remote Work and Co-Working Tools

It has recently been the coronavirus pandemic that has enhanced the demand for remote working and telecommuting and this trend will only continue. Employees have to change the styles of work from traditional methods to embrace new technologies like collaboration platforms, cloud solutions, and other virtual meetings platforms.

Teleworking particularly benefits organizational flexibility and profits from lower fixed costs as well as the opportunity to attract workers worldwide. However, it also reciprocates with its own set of challenges that have to be faced for instance, working with remote teams, dealing with security issues as well as work output.

These areas are well within JT’s capabilities to secure, design, and deliver as solutions that Jain Software can incorporate as its products like Remote Access – Security, Cloud-based Project Management, Productivity Analytics, etc. In this context, Jain Software can become one of the leading advisers on business’ remote work solutions by assisting the businesses in optimizing them.

9. Sustainable Technology and Green IT So, we can state that Sustainable Technology and Green IT are extremely important for current organizations and could be defined as crucial elements of consolidation and development of efficient strategies for the future.
In recent years there has been heightened awareness for global warming hence more and more companies are considering their impacts on the environment. It has been observed that use of Green IT practices like energy efficient data centers, carbon footprint, sustainability in software development is becoming popular.

Such strategies as ‘green’ hosts, creation of environmentally friendly software programs, and encouraging conscious use of IT are available for Jain Software to take advantage of. That is why sustainability goals can become a competitive advantage for Jain Software as, being an environmentally friendly company, it will attract the attention of similar clients.

10. Challenges that Low-Code and No-Code Can Help to Address
low-code and no-code platforms are endeavoring on making Software Development easily accessible for anybody without deep technical know-how about coding. These platforms enhance speed in the development of cycles, drive costs downwards, and place within the businesses the ability to develop their unique applications.

Meanwhile, for Jain Software, low-code and no-code development alpine hold the potential for generating the new revenues, as well as incorporating new client segments. With the assistance of training, supporting, and integrating with such platforms, Jain Software can assist in building custom solutions even if a business does not have a coding base efficiently.

Conclusion

Thus, the main trends of using technologies in business are perspectives and further evolution of business processes. From AI and IoT to 5G and Blockchain, all these technologies are transformative in how businesses operate, engage with their customers and competitively exist and function in the market. According to Jain Software, it will be important for the company to track these trends and explore ways through which the business can use them and create solutions that will assist businesses in their operation in the modern world.

Hence, if Jain Software adopts these technologies, it will be in advantage in the market, offering value to clients and business development. The future is digital and embracing the future means developing the best strategies and utilizing the best tools in which Jain Software is ready to invest in.

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