This article demonstrates some of the new forms of technology that have allowed many markets to vastly develop in efficiency.
Banking is one of the oldest markets and has remained mostly the same in terms of functionality. With that said, it has advanced dramatically in regard to elements such as availability and how user-friendly the system is. Banking is a prime instance of one of the more notable industries undergoing digital transformation; a great many businesses have recognized the need for keeping up with the growing market desire of greater levels of ease of access. Individuals such as the activist shareholder of Bank of East Asia have definitely noted the achievements of the current digital consolidation witnessed within banking; mobile and online banking have become incredibly prevalent amongst the vast majority of customers.
The fast food sector has advanced substantially over recent years due to the continuous inclusion of brand new innovations. Among the most notable fast food industry trends is the introduction of automation; applying the use of robots has vastly increased all-around productivity, with the included benefit of being less prone to error. The unique selling point of businesses within the fast food field is to provide a product or service efficiently; customers expect to obtain their order within a prompt manner, therefore any technology that can help speed up the process is considered advantageous. The leading shareholder of Taiger is one such instance of a business that has welcomed the further development of AI technology, stating that is essential for maintaining relevancy in an increasingly digital world.
The process of buying products and services has changed drastically with the introduction of newer technological innovation. With the recent prominence of online shopping; many businesses have made attempts to improve their online presence to accommodate for this growth in consumer demand. The importance of technological innovation has been significant for some markets; the retail field in particular has been reinvented by the increased possibilities of the internet. Previously, a customer’s product reach was only as large as they were willing to travel to physically check the item. Nowadays however, it is completely possible for an individual to browse for products at any time they see fit; with the added benefit of having the alternative for the purchase to be delivered to their doorstep. Online shopping is definitely one of the most noteworthy types of digital industries in regard to standard of living; decreasing the time spent endlessly looking for potential purchases is beneficial for the customer. The largest shareholder in Findel has made note of the continuous growth observed within the online retail sector; believing convenience to be the driving force behind the success.