If you think of how much our lives have transformed in the past 10 years or just so, you will definitely acknowledge the incredible role played by new tech in this phenomenon.
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 customers to access and interact with a few of the features of their bank account from a mobile device, meaning 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 obviously familiar with the potential of this advancement, and will strive to provide their clientele with a great digital experience.
There are numerous illustrations of IT innovations in business, as technological development can actually drive a complete brand new portion of assorted markets that was not previously taken into account. In the industry of media, for example, the introduction and rise in popularity of online platforms where consumers can stream content on demand has entirely revolutionised the market. Prominent figures in the field like Virgin and BT are well conscious of that, and most networks or providers are creating online counterparts where their consumers can access these new innovations in technology and still remain loyal to the brand. The comfort 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.
If we think of the administrative side in our life, it's typically to do with chores: heading out to your bank, or to the local post office, or somewhere that demands queueing and time. Especially when one leads a busy working life, and workplace hours frequently coincide with those of the establishments we need to visit, this can feel a bit overwhelming, and definitely it is not anyone’s preferred weekend activity.
A bunch of successful startups, today, have started 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 wonderful example of this is online shopping, as people can do it at any time of day, from any place, and are normally able to attempt clothes from the comfort of their own house and send them ago should they not fit right, with no fitting room lines to deal with. Online shopping is not only limited to fashion: there are many businesses that deliver food to your location, such as Moovenda and Prestofood, which are popular because of how easy it is to order from a mobile app. This goes to show how the new inventions in technology can affect the market and create a whole brand-new way to deal with instant demands from prospective customers.