Not too long ago, start–ups were at the forefront of global technology disruption by challenging the thrones that multinationals have comfortably established for decades. Almost every tech entrepreneur strived to follow in the footsteps of Twitter, Craigslist or WeWork, with the aim of creating another niche in the consumer market. That was what industry players often referred to as “Disruption 1.0”.
Once again, the business landscape is shifting, but this time it’s originates from within. Previously, fast-growing start–up enterprises proved to be too fast, too agile, and — in some cases — too rich for the old corporate world to take down. Before the “big boys” could realize how quickly their smaller rivals could build, market, and ship their products, it was simply too late to up their game.
Now, there is a new weapon that businesses are battling for — data. This second wave of disruption is being fueled by the emergence of IoT (Internet of Things) and AI (Artificial Intelligence) technologies. As we speak, each of these technologies is evolving at an unthinkable rate in terms of their capabilities and influence.
For IoT, interconnectivity and the digitization of the physical world would generate unheard of amounts of data in almost everything we do from the production consumer goods to managing our home lives. AI on the other hand, can analyse and process the enormous amounts of data generated from digitization much more efficiently than humans ever could.
Though IoT and AI may not have shared the same development paths, nor the same kind of inspirations and aspirations for their creation, they are ultimately complimentary technologies. IoT generates the raw data that AI needs to develop accurate conclusions and solutions. Each can help unlock the true potential of the virtual data hidden within our physical world. The more we utilize these technologies, the more powerful future tools will be in generating added value for businesses. This is the essence of “Disruption 2.0”.
The previous technological disruption saw businesses trying to adapt to external forces and react to changes. Disruption 2.0 forces businesses to be much more proactive. Every business solution can be found internally by being faster, better, and more creative in how we use our data. In the future, Intelligent Automation — or AioT — could be the key to driving business success for corporations and start–ups alike.
What kind of improvements will we see with Intelligent Automation? Well, the levels of utilization, optimization, and personalization could conceivably transcend anything businesses are currently accustomed. The more data businesses use, the more insight they will be able to gain and the benefits of AioT will be greater.
Of course, Disruption 2.0 has only just begun. Not all organizations will choose to jump on the bandwagon, but will they be able to maintain their competitiveness years from now? This is a growing, virtual disruption that goes beyond the limits of human skills. Most companies today still rely on the labour and skills of a human work force, but that may not be true in the future.
We are at a point in time in which Disruption 2.0 could so drastically change the way technology is used that it may not even matter if a company can hire all the best talent in world. Eventually, more and more complex tasks will require more advanced technologies to complete. AI will communicate with IoT to optimize data and create algorithms to solve problems far quicker and more efficiently than a human ever could. The success of an organization will inevitably be defined by decisions made by technological forces, not human.
What does this all mean for small businesses? There is a significant opportunity to reap the benefits of data-driven automation simply by leveraging what is available internally, and this starts with an IT system that would always keep up with the pace in which the world is growing.
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Vission Technology Inc. is one of the only teams in the Greater Vancouver Area that provides Marketing and Web Development Services in addition to Managed IT services. Web Development Services entail Vission Technology Inc. assisting small business owners in helping to establish an impactful digital presence at any stage of their business. Vission Technology Inc. can be involved at any stage of the creation of a digital footprint starting from content creation to server hosting. With its excellent project management skills and years of experience, Vission’s services span every part of the Greater Vancouver Area (Vancouver, Richmond, Burnaby, New Westminster, Delta, Coquitlam, and Langley).