Today’s tech industry is more crowded and indispensable than ever before. In fact, the COVID-19 crisis has further prompted businesses to adapt to a business model of putting technology at the forefront. Not only can technology streamline business operations today, it also helps businesses of all sizes unlock breakthrough innovations.
Above all, the progression in technology has changed the world as we know it and tech entrepreneurs everywhere are taking full advantage of the opportunities ahead. Indeed, emerging technologies like artificial intelligence, cloud computing, data analytics, and video conferencing have already impacted so many people’s lives.
So, as we head towards 2021, what does this mean for tech start-ups in particular?
Jonathan Ramaci of Mount Pleasant, South Carolina, tech entrepreneur and CEO of Wellnest, a company that uses voice technology to better the lives of seniors receiving healthcare, explains the role of tech entrepreneurs in 2021 and shares the top technology trends that will redefine tech start-ups in this coming year and beyond.
Embracing Artificial Intelligence
AI, also known as artificial intelligence, has made itself known in the tech industry for years; however, its presence will become even more substantial in 2021. Although some businesses are still reluctant to integrate this type of technology into their current systems, it will soon be a common dynamic in the tech industry, says Jonathan Ramaci. In fact, there are signs that in 10 years from now, machine learning and AI integration will further tech start-ups, therefore allowing them to compete with larger, more established companies.
Bottom line: it’s a must for tech entrepreneurs to begin investing in AI technology and engineering (if they are not already doing so), to considerably create the performance, scalability, interpretability and reliability their business needs to stay competitive in the fast-paced, always evolving tech industry.
2020 has seen a massive rise in the integration of cloud-based technologies. With more and more businesses moving to remote operations, data storage, servers, and networking equipment have begun to take center stage. In fact, a recent PwC survey noted that cloud spending rose 37% to $29 billion during the first quarter of 2020. This trend is likely to persist, as the migration to virtual work underscores the urgency for scalable, secure, and reliable off-premise tech services.
Going forward, both businesses and government entities alike will require greater infrastructure capacities, meaning an increased need for reliable cloud-centered technologies in the future; and the tech entrepreneurs who continue providing these architectures will remain at a competitive advantage.
Jonathan Ramaci on Video Conferencing
The rise of video conferencing has allowed businesses everywhere to introduce new programs for its employees. Video meeting tools such as Zoom and Google Meet not only provide companies with the ability to work together, they also give organizations the ability to come up with programs that cater to the needs of their workers.
For example, many tech start-ups have introduced creative and innovative programs related to work-life balance with the help of video conferencing technology.
Some businesses will put together a variety of activities like:
- Virtual meditation and yoga sessions
- Critical thinking virtual icebreakers
- Virtual hangouts and dance parties
Keeping employees engaged and encouraging them to embrace a positive outlook will greatly help in improving their overall health and mental well-being, proving the value of remote-working and video conferencing tools even more than ever before, notes Jonathan Ramaci.