The maple syrup manufacturing business follows a traditional process developed back for decades or even centuries before and continues to be a practice carried out today. Butternut Mountain Farm in Vermont, New England is one of its devotees, but thanks to the power of technology, it has revolutionized the way maple syrup is being produced and marketed.
Syrup collection buckets have been replaced with a network of 20,000 collecting tubes attached to maple trees in the farm, equipped with sensors to alert workers via smartphones real-time of any leak or concerns needing attention, at the same time increasing production, reducing precious man-hours of labor and overhead costs. It won’t come as a surprise to find information technology firms lending a hand for small business IT solutions to provide IT support and services to the least likely of business outfits but today that is no longer the case. This is because technology is dynamic and far-reaching, adaptable to any or all sorts of business in existence. A study Adobe Digital Insights (ADI) found that the automation and robotics are among the top-ranking factors in workplace innovation. It also revealed that automation did not take away work from people, rather robots made tasks easier.
Here are three of the most popular technologies that can be used by small businesses today and provide them with the edge to take their businesses to the next level.
Machine- learning through Artificial intelligence
Machine-learning software platforms driven by artificial intelligence algorithms are getting into mainstream businesses other than manufacturing and retail. This is because such systems are tailored to provide infrastructure solutions integrated with diagnostic and analytical capabilities to initiate actions and predict outcomes.
IT companies all over the world continue to develop new-age solutions to speed up diagnosis of operational and business process systems. Although many of which continue to be designed to suit the nuances of individual business structures, the technology holds a lot of promise for the future of artificial intelligence in running businesses.
Operational automation and robotics
The future of mechanization and automation has finally become a reality. Software applications are starting to take a popular following with robots now widely used in high-precision processes to eliminate risks of errors. Algorithms for deep-learning systems are also being used to automate operational and business functions, including customer service industries.
Financial technology for more flexibility
The introduction of financial technology has been a big boost to businesses, including small ones.
China recently developed a payment ecosystem by adopting a unique mobile payment process which processed $ 3 trillion in 2017. It gained popularity due to the convenience it brings to consumers, eliminating the need to bring cash or credit cards by simply making payments online at the comforts of one’s home.