How New Innovative Techs are Disrupting Incumbent Industries.
We are buying our much-awaited movie’s ticket through the app instead of joining a big queue. It indicates how technologies are playing important role in our lives. While technologies have interrupted Job market as well.
In the digital world, Companies are introducing new tech which improves their products and their services. As result, they have been able to succeed and change the world. Today’s employers have new standards. It means that the workforce must adapt. For instance, a few years ago, using social media for product promotion or service was absurd, but now it is a really great platform.
In the same way, Small and big corporations have been using social medial to collect giant data, which is the most vital and valuable resource. Under those circumstances, tech engineers like data engineers and software developers have been able to create insights that help organizations to make a smart decision.
What we have discussed, it shows that new techs are taking businesses to the next level, and employees must keep updating their selves through new skills to stay relevant. Today, we are going to understand how new technologies are interrupting incumbent industries.
Artificial Intelligence (AI)
How can we forget Alexa and Google Assistant which have been developed with help of AI? Today, Machine learning is playing a major role in the world that allows companies to take big strides. As a matter of fact, they have been able to enhance their productivity and offer personalized services to consumers. For instance, manufacture companies have impacted by AI as there are many automated processes nowadays.
AI robots are replacing employees from the manufacturing industry. It’s because they help companies decrease occupation accidents and labour costs. Due to this reason, employers are more interested in those candidates who have tech skills, so that they can help businesses stay competitive.
Another best example is AI-chatbots. Full-stack web Developers have been developing smart AI-chatbots to provide the best services to consumers all across the world. In such cases, Customer executive representatives are being replaced by it as chatbots can do their jobs.
AI-chatbots are available 24 hours, you don’t need to wait for a response. Most importantly, chatbots can handle many customer’s queries at the same time. Now, the chatbots can be used to get a unique pre-stay experience in a hotel, so that we can book a hotel without being worried about facilities.
Mobile Application
Smartphones are very essential for people as they make their lifestyle easier. But without application, you cannot do anything. Actually, mobile applications allow devices to work. consequently, app developers are working very hard to meet new customer’s requirements
Mobile applications are disrupting transportation industries as well as other significant ones. Apps like Ola and Uber have changed how we ask for a taxi. Now we don’t have to go on the road, scream “taxi, taxi…” Also, you can pay money through your debit or credit card. But here, you need to know that the old traditional taxi drivers are losing their job. In such cases, they must adapt a little bit apps functioning knowledge.
In the same way, Social medial apps like giant social media Facebook, Twitter, Instagram are playing a major character in e-commerce. Social medial is enhancing a company’s sales and improve brand recognition. Social media managers can reach to more customers as they can communicate through posts and comments.
Online Streaming
Traditional TV services are about to end. Nowadays, people are heading toward online video streaming services. Companies like Disney & Hotstar, Netflix, amazon prime, and many others are offering excellent TV experience where people can watch their favourite show without interruption. Also, they are implementing machine learning to know particular people’s choice.
There was a time when we used to download songs from different websites and store them in SD card. Apps like Spotify, Gaan.com, and iTunes have changed song listening experience. Now you can create your own playlist add your own favourite songs.
