7 New Technologies That Will Improve Your Business Processes (2023)

7 New Technologies That Will Improve Your Business Processes (1)

There have been many new technologies breaking through over the years, and these advancements tend to aid many different industries in the business world. Increasing productivity levels, saving time, and decreasing extra expenses and manpower are just a few examples. So many opportunities await companies that take advantage of the different advanced means of operating.The introduction of advanced technologies, namely an integrated companyresource managementoremployee management system, can rightly be called a strategic management decision. All internal tools (from marketing to sales) lead to global changes in the company and the benefits it brings to customers. Read more at uibakery.io. In this article, we’ve outlined 7 of the most important new technologies that can improve your business dramatically.

It Has Changed Things

Technology has graced the business world with many different useful apps, systems, and programs that can assist anyone with communication, accounting, financing, management, and much more. Because everyone in the business world owns a smartphone and has a working laptop or desktop, they can operate and work much more efficiently. Mobile applications are considered one of the most useful new technologies in the business world, and business software has become an integral part of a company’s success.

They have affected the way every industry handles its daily activities, and it's responsible for making it all run smoother and much more efficiently. There are applications called enterprise apps that are specifically designed to assist every company in different ways that suit their needs, and there are robotics and AI-based software that automate several important processes. And although they may be expensive, they all help businesses achieve their goals by making things run quicker. So, in the end, they’re definitely worth every penny spent.

1. Credit Card Reader App

Now, you can get an app that serves as a credit card reader, saving time when you don't need to physically invoice or use a real register. Gone are the days when you need to carry money around or keep physical binders of transactions or invoices. You can also send digital receipts to customers. Also, it can help you track inventory, check your sales history, and give out digital discount coupons to customers. This app can simplify things immensely, making your processes and procedures much easier to handle.

2. Timesheet Systems

Timesheet application software has become a saving grace for a lot of companies today. It's crucial for understanding the different reports coming in about everything related to your employees. When you make use of these templates, you will be able to track everything and know when it happened. Whether you want to know an employee's working hours, when they clocked in and out, their accurate payroll, personal requests, staff on leaves of absence, approvals by the supervising staff, receipts, mileage expenses, or other useful information given, you’ll get them all with the most accurate and correct time frame.

3. Robotic Process Automation (RPA)

This type of system program automates everything and has been a vital addition for many companies since its conception, as well as a key to some of their successes. RPA has the AI capabilities to handle tasks like record search, analyzing, calculations, query writing, transactions, setups, and many more. In every company. There are many tasks that can be extremely repetitive and redundant over time, and these new technologies can help complete them all quickly and efficiently, giving your employees a chance to focus on other important matters and become more productive.

4. Cloud-based Solutions

This is a shared computing infrastructure that helps staff members hand in and submit important documentation. Employees have the opportunity to add in time cards, expense reports, requests for information (RFIs), work records, and other important documentation. This can save you and your business a tremendous amount of time every year, automating all data entry and organizing important files accordingly without the hassle of going through physical paperwork. Everything can be stored on a secure network or within a log management solution (such as this one from Logit.io), and all of it is accessible with a working internet connection or Wi-Fi.

5. Finance and Accounting App

Another app that can prove useful to your business are finance and accounting apps. They help with employee payrolls, company taxes, employee onboarding forms, and much more. If you want to send your employees digital pay stubs via email, you can do so with these handy applications. Filing tax forms and making automatic deductions for all staff benefits can be done with ease, and it can show you the monthly earnings and paychecks of every single staff member and when they will get it. It makes some of the annoying paperwork processes a lot easier to see and manage.

(Video) How can new technologies help to improve business processes?

6. Rapid Prototyping

7 New Technologies That Will Improve Your Business Processes (2)

This is a very helpful type of technology that can test different products in the physical and digital trial stages. It has five major types for prototyping; 3D printing, Stereolithography, additive manufacturing, selective laser sintering, and software rapid application development. These new technologies can help you save a lot of money and time when it comes to the product's final phase; you have opportunities to modify and change anything wrong with the result before the real one is even made. So, you’ve basically saved a lot of money and helped make the product look and operate better. Also, you have ways to show your investors or business executives how the product would look like and how it would operate, allowing them to give you feedback on how to improve things.

7. Communication App

Ever had one of those days where phone connections are just terrible? With a communication app, this doesn’t have to be a problem anymore. It has a chat display with different upload options, and a call button to aid in more efficient communication. Also, it has a very useful feature where you can search for certain posts or uploads. Say goodbye to skimming through different emails to find what you want. You can have different groups depending on how many departments or projects your company is working on at the time. It's also very decently designed and user-friendly.

To make your communication even more effective and professional you can pair it with anoise cancelling software for pcto make sure that all the distracting background noises and echo stay out of your online communication. You can pair it with any communication app and use it for bi-directional noise removal that works both on your side and on the other speaking party's side.

For the sake of your company’s growth and lifespan, it would be prudent to utilize everything that technology has to offer. Whether it’s different apps, systems, or programs, you will see a major difference in profits, exposure, and rankings in your business. So you should be the ultimate opportunist, and integrate different technological tools that can take your business to the next level.

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How technology can improve business processes? ›

6 Ways Optimizing Technology Can Improve Your Business Efficiency
  • CUSTOMER SERVICE. With technology, it won't cost you a lot of money to provide customers with accurate and quick service. ...

What are some new technologies in business? ›

Robotic Process Automation (RPA)

Like AI and Machine Learning, Robotic Process Automation, or RPA, is another technology that is automating jobs. RPA is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails.

Which technologies would help a company improve process efficiency? ›

4 Technologies that Accelerate Process improvement
  • Process Mining.
  • Robotic Process Automation (RPA)
  • Business Process Management (BPM) and Business Process Automation (BPA)
  • Data Extraction.
  • Further Reading.
9 Mar 2022

What are 5 key technologies commonly found in businesses? ›

5 Types of Technology Used in Most Businesses
  1. Systematized business phone lines. Communication plays an important role in every business. ...
  2. IT Specialists and Services. Security is one of the reasons why we use IT services. ...
  3. Cloud Storage. ...
  4. Business Class email. ...
  5. Business internet.

What is an example of business process improvement? ›

Business process change examples cover a wide range of operational improvements, such as: Speeding up cycle time. Improving product quality. Reducing costs.

Which technology is best for business? ›

Cloud computing is a very popular area of technology where information is stored on the web. You can provide services of cloud computing to your clients. This is one of the top future technology business ideas to start in India.

What are the 10 innovative technologies? ›

Their best answers are below:
  • 5G networks. ...
  • Mainstream blockchain apps. ...
  • More AI-enabled platforms for automated work. ...
  • Machine learning for customer service. ...
  • 3D printing. ...
  • New security measures. ...
  • Augmented reality. ...
  • More AI solutions for small- to medium-sized businesses.

What are the 5 examples of technology? ›

What are the 5 examples of technology? Five examples of types of technologies are electronic technologies, mechanical technologies, medical technologies, industrial and manufacturing technologies, and tools.

What are the 10 technology advances? ›

Here are the top 10 inventions that rocked the technology sector last decade changing it for the good.
  • Augmented Reality.
  • Artificial Intelligence.
  • Internet of Things.
  • 3D Printing.
  • Computer Vision.
  • Touchscreen and infinity display.
  • Crowdfunding websites.
  • Cloud computing.

What are the information technologies that can be used to improve business processes list five 05 such technologies? ›

5 Types of Technology That Your Business Should Be Using
  • 1) CUSTOMER RELATIONSHIP MANAGEMENT (CRM) SOFTWARE. Your customers are your business, and for most businesses, an increase in customers leads to growth in their company. ...
  • 3) BUSINESS EMAIL. ...
  • 4) CLOUD STORAGE. ...
22 May 2020

What are the five ways is can improve a process? ›

In my experience, the ways to improve an existing process are limited to these 5 categories:
  • Reduce Non-Value-Added Steps.
  • Improve the Measurement System.
  • Reduce Common Cause Variation.
  • Reduce Special Cause Variation.
  • Move the Mean to Improve Process Capability.

What are the types of process technology? ›

There are five types of process technologies, viz., Project, Job Shop, Batch, Assembly Line, and Continuous. Each process technology has to be analyzed and selected for the type of product including the characteristics, problems, and challenges.

What are the 7 core technologies? ›

It identifies seven core technologies — pervasive computing, wireless mesh networks, biotechnology, 3D printing, machine learning, nanotechnology, and robotics — and describes their implications for commerce, health care, learning, and the environment.

What are the 7 resources of technology? ›

Every technological system makes use of seven types of resources: people, information, materials, tools and machines, energy, capital and time. Since there is limited amount of certain resources on the earth, we must use these resources wisely.

What are the 7 steps of improvement process? ›

Seven Step Improvement Process
  1. Step 1 - Identify the Strategy for Improvement. ...
  2. Step 2 - Define What to Measure. ...
  3. Step 3 - Gather the Data. ...
  4. Step 4 - Process the Data. ...
  5. Step 5 - Analyze the Information and Data. ...
  6. Step 6 - Present and Use the Information. ...
  7. Step 7 - Implement Improvement.
4 Aug 2022

How do you answer a process improvement question? ›

Explain the benefit to yourself and the company after the process improved. Use statistics if available, such as how much production increased. If you don't have specific statistics, share general information about how the improvement made the process more effective.

Can you give us an example of a process improvement initiative? ›

Eliminate waste

One of the best examples of process improvement projects centers around waste. Specifically, if you can identify and eliminate areas of waste within your processes, you can save time and produce higher quality end results.

What type of technology has the greatest impact on business? ›

Artificial Intelligence (AI) and Machine Learning.

According to Forbes, 29.5% of CEOs surveyed from small and medium-sized businesses said AI is the new technology that will have the greatest impact on their business in the coming year.

What is the new technology in 2022? ›

By 2022, multicore will be everywhere, from wearable systems and smartphones to cameras, games, automobiles, cloud servers, and exa-scale supercomputers. Silicon photonics will be a fundamental technology to address the bandwidth, latency, and energy challenges in the fabric of high-end systems.

What are the 8 essential technologies? ›

We called those with the most potential the Essential Eight. They include: artificial intelligence (AI), augmented reality (AR), blockchain, drones, Internet of Things (IoT), robotics, 3D printing and virtual reality (VR).

What are 6 types of technology? ›

Construction • Transportation • Energy/Power • Communication • Manufacturing • Bio-Related • Name some technologies and let's put them in the right category.

What is an example of new technology? ›

Examples of such new technologies include carbon capture and storage systems, more efficient irrigation methods, essential medicines, household water purification devices, and manufacturing processes that minimize waste and pollution.

What are the 9 technologies? ›

The nine pillars include the internet of things, cloud computing, autonomous and robotics systems, big data analytics, augmented reality, cyber security, simulation, system integration, and additive manufacturing.

What are 5 technological innovations? ›

Ten technological advances changing the world and how we live in...
  • Some of the most exciting discoveries and inventions became launching pads for a new era of innovation in computers, electronics, manufacturing, and medicine. ...
  • Electricity. ...
  • The laser. ...
  • Semiconductor chips. ...
  • Quantum computing.
28 Nov 2019

What are the 21st technologies? ›

Since the onset of the new millennium, various technological innovations have happened, and these include but are not limited to the following: drones, social media, electric motors, smartphones, blockchain, and others. These technological innovations have improved our lives in many ways.

How does technology affect business processes? ›

Technology applications have enhanced the pace and output of various business activities such as marketing, promotions, sales, and accounting. From internal operations to the external output of the activities, from minute processes to major activities, multiple aspects of the business need the use of technology today.

How technologies are used to support business processes and their potential impact? ›

By improving product development, business processes and developing the skills of workers, technology increases productivity in various business operations. The size of improvements is debatable but some technologies like email and social media have made communication easier and faster.

What is technology in business process? ›

Business process management technology is an integration of BPM tools, solutions, and techniques with the purpose of facilitating effective business process modeling, impactful process change, and comprehensive BPM process management.

What are the 5 technological processes? ›

  • 1- Identify the problem.
  • 2- Come up with ideas to slove the problem.
  • 3- Design a solution.
  • 4- Carry out the solution.
  • 5- Evaluate the solutions.
  • 6- Identify the problem. Get Started.

Which type of technology has had the greatest impact on business? ›

Information Technology

It is also used to organize information to help managers with decision making. One type of information technology we are all familiar with is the Internet, which has had the greatest impact on the way companies conduct business.

What are some ways that technology can help in the workplace? ›

5 ways technology in the workplace has improved the modern work environment.
  • Efficiency and Increased Productivity. The modern workplace has experienced a complete shift in how we spend our time. ...
  • Increased Collaboration. ...
  • Improved Cost Management. ...
  • Heightened Level of Security. ...
  • A Better Employee Experience.
24 May 2019

What are the 4 impacts of technology? ›

Through a range of real-world examples, students will learn how to identify the specific type of impact, i.e. legal, cultural, privacy, environmental, and ethical.

What are the 6 types of technology? ›

While a single piece of technology often overlaps into different areas, there are generally six different categories of technology: communication, electrical, energy, manufacturing, medical and transportation.

What are some examples of process technology? ›

Process technology is used in petroleum refining, mining, milling, power generation, waste and wastewater management, food and beverage production, pharmaceutical and chemical manufacturing, and many other industries.


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