However, the wheel of science and technology turned and reshaped the world by materializing those technologies in day-to-day lives. It isn’t the least bit exaggerated when we say this but today’s business world is exponentially dominated and inspired by technologies. As there has been the digital revolution of desktops, smartphones, and laptops, there has been an omnipresent change in all business activities. This article highlights the top small business technology trends that are responsible to form these changes.
Enterprise Resource Planning can be a relieving Small Business Technology
When it comes to small and medium businesses, ERP solutions are gaining quite a bit of popularity. It requires a lot of money to manage Customer Relationships, Human Resources, and Accounting. However, you can automate and generalize your business management with just simple software.
There are multiple ERP solutions out there that can boost your small business and help you in achieving end-to-end efficiency. If you are a WordPress fanatic and a small business owner, you should try the ERP solution for free.
Implementation of Blockchain as a New Technology in Business Industry
When it comes to transactions, businesses are nowadays always keen to look for privacy as well as security. Blockchain technology is the new trend that has been taking over the payment technology world and offers high-end privacy, swiftness, and security with transparency. There is no need for any third party to confirm your transactions which means that it is quite cost-efficient for your business.
Safe Online Payment Methods for Small Business Technologies
There weren’t any currencies in the primitive ages and hence, people were quite used to the barter trade. However, soon after that, many diverse currencies and coins were established in such a way that they couldn’t ever be forged or counterfeited.
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India's Economic Growth – Can The Startups Redefine?
Recent years showed a considerable rise in the startups of India. During globalization, MNCs or Multi-National Companies had a massive role in India’s economic growth. Now, it seems that startups are revolutionizing the Indian economy. These startups are amplifying the revenue generation and enriching the GDP.
ENTREPRENEURSHIP EDUCATION FOR BUDDING MINDS
In the present economic situation, having knowledge of an academic subject is no longer sufficient for a new graduate. Students are increasingly required to have skills and abilities which will increase their employability, such as: the retrieval and handling of information; communication and presentation; planning and problem solving; and social development and interaction.
CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA
The Economic survey in 2019-20 using World Bank’s data on entrepreneurship stated that India ranks third in the number of new firms created. However, India ranks significantly lower in terms of intensity when compared with countries like UK and US.
IMPORTANCE OF TECHNOLOGY FOR SMEs
We, humans, by nature, tend to be lazy. We always try to make tools, machines, gadgets, etc., to save us time and energy and give us satisfactory results. Technology is the charisma that kept changing our way of living and our style of doing things drastically. Our way of conducting business is also not spared by the Tsunami of technology.
HOW INNOVATION PLAYS AN IMPORTANT ROLE IN THE PERFORMANCE OF SMEs? WHAT ARE SOME INNOVATION FACTORS TO FOLLOW?
Innovation in a business must respect the business strategy in terms of the SME's long-term missions, visions, and goals and is systematic implementation procedures and changes to improve the products and services your company offers. The innovation implementation ensures an appropriate response in terms of increased sales and enhanced customer satisfaction. The image strengthening of your firm will lead to better customer relations with your company and at the same time provide financial stability for the company.
ECONOMIC REFORMS THAT CAN CHANGE THE ENTREPRENEURIAL ECOSYSTEM
The year 2021 marked 30 years since economic liberalisation surfaced in India and writing on this occasion, the richest man of India; Mukesh Ambani said that bold economic reforms such as ending the license –quota raj, liberalisation of trade and industrial policies, freeing up capital markets and financial sector helped our GDP grow ten folds since 1991 and India transformed from an economy of scarcity in 1991 to an economy of sufficiency in 2021.
IMPORTANCE OF DIGITAL ECONOMY
Economic activities that result from billions of interactions between individuals, businesses, data, devices, and processes constitute a digital economy and India is well on its path to becoming a digitally advanced economy. Driven by cheap data cost, faster connectivity, and affordable smartphones, India had over 1,160 million internet subscribers in February 2020, as per the Telecom Regulatory authority of India (TRAI), second only to China.
JOB CREATION: STARTUPS STARTING UP!
Do startups create jobs? This could unarguably be one of the most sought after questions in recent times. While it is out and clear that startups make way for employment opportunities, the discussion boils down to the importance of startups in creating jobs. The startup ecosystem indeed plays a major role in job creation and is touted as an economic panacea.
ROLE OF WOMEN ENTREPRENEURS IN INDIA – THEN AND NOW
As per the 2019-20 annual report of the MSME ministry, among 63.3 million MSMEs that India has, women–owned 20.4% of them up from 13.72 % in 2013-14. This data supports the fact that there has been growing acceptance of women in entrepreneurial roles but it hasn’t always been the case.
TECHNOLOGY AN ENABLER FOR SMALL BUSINESSES
Today times are such that firms operate in a dynamic environment and they must act dynamically too, at least firms should keep an eye on obsolete processes and technologies and replace them with updated versions to stay competitively ahead.
Facebook Shuts Down Its Facial-Recognition System
Facebook doesn’t point to a single incident that prompted the decision, but it comes as facial-recognition systems (and the social network in general) have come under fire.
FAZE THE F@#K UP!
FAZE CLAN HAVE ALWAYS BEEN ABOUT BREAKING THE RULES, NO MATTER WHAT THEY’RE DOING. IN THIS CONVERSATION LED BY DJ SCHEME, YOU’LL LEARN HOW FAZE TEMPERRR AND FAZE ADAPT WENT FROM RECORDING VIDEOS IN THEIR BASEMENT TO REACHING THE VERY TOP OF THE GAMING WORLD.
JIM CRAMER'S DECREE: NO MORE LOW-HANGING FRUIT
The CNBC host says he’s bullish on entrepreneurs—because their creativity trumps any challenge.
TWITTER ROLLS OUT REDESIGNED MISINFORMATION WARNING LABELS
Twitter users will soon see new warning labels on false and misleading tweets, redesigned to make them more effective and less confusing.
Congress Just Can't Quit Facebook
Lawmakers of both parties assail the tech giant but are hooked on its core product
FACEBOOK WHISTLEBLOWER FEARS THE METAVERSE
Facebook whistleblower Frances Haugen warned that the “metaverse,” the all-encompassing virtual reality world at the heart of the social media giant’s growth strategy, will be addictive and rob people of yet more personal information while giving the embattled company another monopoly online.
Facebook to Shut Down Face-Recognition System, Delete Data
Facebook said it will shut down its face-recognition system and delete the faceprints of more than 1 billion people amid growing concerns about the technology and its misuse by governments, police and others.
‘THE BIG DELETE:' INSIDE FACEBOOK'S CRACKDOWN IN GERMANY
Days before Germany’s federal elections, Facebook took what it called an unprecedented step: the removal of a series of accounts that worked together to spread COVID-19 misinformation and encourage violent responses to COVID restrictions.
WHAT THE METAVERSE IS AND HOW IT WILL WORK
The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online.
The Man Behind the Metaverse
Andrew Bosworth is in charge of the project Facebook sees as its future