The unforeseen entry of the COVID-19 pandemic and its impacts busted the year 2020. Emerging technologies backed businesses to contend with these transitions to a certain extent. Anyhow, this New Normal proved that we are capable of surviving in any catastrophe. Prospective business tech trends transformed consumer behavior; thereby, CEOs are in a tech transforming phase in 2021.
This blog analyzes some of the tech trends adapted by Smart CEOs in 2021
Covid-19 has accelerated the necessity of innovations in the digital health industry. A report from the World Health Organization depicts that the digital healthcare industry’s strategy will be to utilize modern technologies. The idea is to enhance the health of everyone and everywhere by speeding up the progress and adoption of relevant, cost-effective, scalable, and sustained digital healthcare solutions. This vision includes smart and connected devices, big data analytics, machine learning, artificial intelligence, and robotics.
Geoff Martha, CEO of Medtronic, leads the $30 billion company with digital health technologies.
Artificial Intelligence is virtually impacting the future of every industry and human beings. Alex Tsepko, CEO of Skylum (AI photo editing software company), says that artificial intelligence can unlock more of a user’s creativity. The AI tools are more sophisticated, leading to more people’s engagement, which helps unlock their creative ideas quicker.
AI tools will redefine artistic industries like art, photography, film, music, graphics design, marketing, branding, and beyond.
According to the latest reports, 86% of CEOs expressed AI as the mainstream technology in their office in 2021
Alexandr Wang, Scale AI CEO, disclosed that they are currently making use of emerging AI potentials.
Wearables are electronic devices worn as accessories, implants in the user’s body, embedded in clothing, or tattooed on the skin. This wearable technology is emerging in the last few years.
But the whole scenario changed in March 2020 when lockdowns and curfews arrived and people could not go to the gym. CEO’S of smart device companies focused on elevating home athletics and started launching smart workout devices and wearables like smartwatches in the market.
Gaurav Khatri, CEO of Noise, revealed the sale of 100,000 Noise smartwatches per month in 2020.
Many new reports say that the number of users spending on wearables will double by 2021.
CEOs utilized the technologies to augment their business. It’s impossible to predict everything, but smart CEOs are equipped to cope with any circumstances with the leverage of business technology trends.
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