If growing instances of malware are any indication, the Internet of Things is the next big thing, and nine other big developments that happened in technology this past month.
1. A startup raises $15 million to help companies develop their own customer service chatbots.
Why this is important for your firm and your clients: Chatbots are artificial intelligence-based software that conduct conversations with unknowing users. Their benefits are significant (cost reduction for companies, quicker responses for customers) and their uses are growing. Many customer relationship management and office productivity applications are including this technology in future versions. But companies like Ada are developing easy-to-use tools for the business owner that wants to construct their own process using chatbots.
2. The Department of Energy has innovation funding for small businesses.
Why this is important for your clients: Many small businesses don’t realize that various federal agencies – like the Department of Energy – give out free money in the form of grants in return for developing technology that could benefit the government as well as the private sector. If a client has an early-stage technology that requires funding then it’s a good idea to look further into these programs.
3. Microsoft Teams usage passes Slack in new survey; IT pros expect its presence to double by 2020.
Why this is important for your firm and your clients: My firm is a Microsoft partner and we’re telling all of our clients that have Office to take advantage of Teams and Skype. It’s built-in for most of our users and the capabilities are very similar -- if not more beneficial -- than using Slack (which is also a great application.). My recommendation: Hire a Microsoft consultant and get some training.
4. Eighty-six percent of enterprises are increasing their Internet of Things spending in 2019.
Why this is important for your clients: Smart companies are planning for tomorrow, and tomorrow will be an Internet of Things world. This world will incorporate sensors on machinery, equipment, manufacturing stations, inventory, pallets and trucks. It will be a world where lights turn off by themselves, heating units turn on without humans and security systems adjust to human traffic. Oh, and given the results of Zebra Technologies’ index, that tomorrow is 2019.
5. McAfee: Cryptomining and Internet of Things malware both rose over 70 percent in Q3 2018.
Why this is important for your firm and your clients: As the popularity of digital currencies and the Internet of Things rise, so does malware associated with them. Your technology investments for 2019 should include machine-learning security software that can adapt to these changes, training for your employees and a good online backup application that can restore data if infected.
6. Firefox 64 brings better browser tab management and smart recommendations.
Why this is important for your firm and your clients: According to Mozilla, your users who use the browser will now “see suggestions in regular browsing mode for new and relevant Firefox features, services, and extensions” based on how they use the web. This feature won’t work in private browsing mode and is not based on browser history. Another new feature is “enhanced tab management,” which enables users to select multiple tabs in the tab bar and group them together to move, close, bookmark, or pin them.
7. The Galaxy S10 could be Samsung’s last flagship with a headphone jack.
Why this is important for your firm and your clients: I use a Samsung and so do many of my clients. Wireless headphones are certainly growing in popularity but most of the business owners I know prefer to limit the number of devices that need charging. That said, if Samsung decides to abandon the headphone jack you and your employees are not going to have much choice.
8. Microsoft is building its own Chrome browser to replace Edge.
Why this is important for your firm and your clients: One of the reasons why Microsoft has seen so much success over the past years is its ability recognize what’s not working … and fix it. As mentioned before, my company sells and uses Microsoft products – but not Edge. Why? Because Chrome is a great browser. It’s fast, customizable and integrates most of my apps. I’m glad that Microsoft realized this and is adapting a version of Chrome for its user base. Now that will be something I’ll consider – and so should you.
9. Amazon to expand cashier-less technology to Whole Foods.
Why this is important for your clients: More and more brick and mortar retailers are discovering that technology really can replace humans. But will consumers adapt? And will they like it? If your clients are in retail, keep a close eye on Amazon, Whole Foods, Walmart and other big box stores as they test cashier-less locations. If it’s catching on, you’re going to need to make sure your retail clients are making similar tech investments to keep up.
10. Walmart to use robot janitors to clean stores.
Why this is important for your clients: Technology isn’t just replacing cashiers at stores. It’s also replacing janitors and maintenance people. How much are your clients paying their cleaning service? Perhaps a robotic vacuum cleaner may help eliminate some of their time and therefore reduce costs. There are plenty of less-expensive consumer devices available that may be perfectly suitable for your small business.
Note: Some of these stories also appeared on Forbes.com.