One thing is certain, technology changes at a pace that can be hard to keep up with. The following 5 things will update you on the latest news in technology this month, along with insight on how they could potentially affect your small business.
Google Wallet is now Google Pay
At the beginning of 2017, Google announced that it was combining Android Pay and Google Wallet under one brand – Google Pay. For those who already have the Android Pay app, switching over to the new brand will be straightforward; the app will simply show up on your phone as “Android Pay”. Why does this new brand matter for your business? In general, mobile payment is falling behind projections. Utilizing Google Pay provides a one-stop solution for your small business and customers’ needs.
Salesforce’s new software
Salesforce.com recently introduced its new sales and customer service software. In the past, the company has been recognized as a leading customer relationship management application, but for medium-sized and large companies. Their new software is specifically designed for small businesses. Your small business can now take advantage of this new tool that promises powerful functions at more affordable prices.
Robot ransomware attacks
For some time now, cyberattacks have been a very real problem for businesses of all sizes – and the threats just continue to grow. Research firm IOActive recently uncovered new vulnerabilities in many well-known enterprise robot models. Attackers can exploit the flaws to spy via the robot’s microphone and camera and then leak data. Typically, it is larger companies that are trying out these devices. However, if you have thought about introducing them, just be aware that they are prone to ransomware.
AI for job interviews
For the 38% of working Americans actively seeking a new job this year, they might be surprised by their interview experience. More and more companies are outsourcing this process to artificial intelligence. In fact, a 2017 Deloitte survey found that 33% of participants are already using some form of AI in their hiring process. How does this impact your small business? If recruiting is becoming too time consuming, you can consider using newer hiring tools (e.g. HireVue) to quickly qualify the right people.
Meetings via Amazon’s Alexa
Last year, Amazon launched Alexa for Business. This technology can configure conference rooms and integrate calendars to all the devices that belong to those attending a meeting. Since it automatically knows when the meeting is going to take place because of the calendar, Alexa for Business can start the meeting, lower the project screen, dim the lights and much more. If your small business also works with independent contracts and remote employees, this technology also has huge benefits for those working from home.
Do you need funds to take advantage of some of these new technologies? Business funding can be hard to find for business startups, which is why many entrepreneurs are turning to a startup business cash advance. New technologies can not only improve efficiency and strengthen business relationships, but also push your small business one step ahead of the competition.
Business Funding expert, Michael Hollis prides himself in being able to help the backbone of America; small business owners. When he isn’t helping merchants, you’re more than likely to find him scuba diving the California coast or eating at one of LA’s tasty Vegan restaurants.