As we have entered the digital age, some areas have been impacted and enhanced as a result of the brand new online platforms that can host them: let’s learn a few of them here.
There are numerous illustrations of IT innovations in business, as digital advancement can truly drive an entire new portion of various markets that was not previously regarded. In the field of media, for example, the introduction and rise in popularity of online platforms where customers can stream content on demand has fully revolutionised the market. Prominent figures in the sector like Virgin and BT are well conscious of that, and most networks or manufacturers are producing online counterparts where their subscribers can retrieve these new innovations in technology and still remain loyal to the brand. The benefit 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.
Among all the new business technologies, one that has grow to be prominent across the last ten years is that of digital banking: most banks that offer personal accounts enable their clients to access and interact with some of the features of their bank account from a mobile device, which means that they can search their statements or make payments from the convenience of their own home – or pocket. Financial institutions like La Caixa and Banco of East Asia are certainly familiar with the potential of this growth, and will strive to provide their clients with a good digital experience.
If we think of the administrative side in our life, it is generally to do with chores: going to your bank, or to the local post office, or somewhere that demands queueing and time. Particularly when one leads a busy working life, and workplace hours commonly coincide with those of the establishments we want to go to, this can feel a bit overwhelming, and definitely it is not anyone’s preferred weekend activity.
Lots of successful startups, today, have initiated out as a tech innovations company, where they provided a service on an online platform that made life easier for its user than the standard, in-person plan. A tremendous example of this is online shopping, as customers can do it at any time of day, from any location, and are always able to attempt clothes from the comfort of their own house and send them back should they not fit right, with no fitting room queues to deal with. Online shopping is not only limited to fashion: there are many organisations that deliver food to your location, such as Moovenda and Prestofood, which are renowned because of how simple it is to order from a mobile app. This goes to show how the new inventions in technology can impact the market and create a whole brand-new way to deal with instant demands from potential customers.