Going over a couple of business innovations ideas as a consequence of the current incredible technical advancements

If you think of how much our lives have changed in the past 10 years or just so, you will absolutely recognise the tremendous role played by brand-new tech in this phenomenon.

Lots of successful start ups, presently, have begun out as a tech innovations company, where they provided a service on an online platform that designed life easier for its user than the traditional, in-person approach. An exciting example of this is online shopping, as customers can do it at any time of day, from any location, and are normally able to try clothing from the comfort of their own house and send them ago should they not fit right, with no fitting room queues to deal with. Online shopping is not only limited to fashion: there are many enterprises that deliver food to your place, such as Moovenda and Prestofood, which are popular because of how simple it is to order from a mobile app. This goes to show how the new inventions in technology can affect the market and create a huge new way to deal with instant demands from prospective users.

Among all the new business technologies, one that has turn out to be prominent across the last ten years is that of digital banking: most banks that offer personal accounts allow their users to access and interact with a few of the functions of their bank account from a mobile device, which means that they can see their statements or make payments from the comfort of their own home – or pocket. Financial establishments like La Caixa and Banco of East Asia are indeed familiar with the potential of this advancement, and will strive to provide their clients with a good digital experience.

There are many examples of IT innovations in business, as technical advancement can honestly drive an entire new portion of assorted markets that was not previously taken into consideration. In the field of media, for example, the introduction and rise in popularity of online platforms where consumers can stream content on demand has entirely revolutionised the market. Prominent figures in the industry like Virgin and BT are well aware of that, and most networks or service providers are creating online counterparts where their users can retrieve these new innovations in technology and still remain loyal to the brand. The convenience of binge-watching your favourite tv-show, or catch up with half an episode during your commute to work, was not at all a possibility just fifteen years ago.

If we consider the admin in our life, it’s generally to do with chores: heading out to your bank, or to the local post office, or somewhere that involves queueing and time. Especially when one leads a frantic working life, and office hours commonly coincide with those of the establishments we need to visit, this can feel a bit overwhelming, and surely it is not anyone’s preferred weekend activity.

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