Companies That Have Revolutionized Businesses with Technology
Technology has changed the way of doing things in every aspect of life – from communication to health care. Technology has even helped improve our lives and become an integral part of modern society.
In today’s hypercompetitive business environment, companies are constantly seeking new ways to operate more efficiently and deliver better customer service, all without spending extra money and resources. The emergence of technology has facilitated this transformation.
Integrating Tech into Business
Business processes have been revolutionized by the use of technology that has enabled companies to increase efficiency, provide better services, reduce costs and create a competitive edge. Here is look at some companies that have successfully integrated tech into their businesses:
An online retail giant that continues to redefine how we shop and sell products worldwide. Founded by Jeff Bezos in 1994, Amazon started as purely an online retailer but has since expanded its reach to encompass other industries like publishing and film production while becoming one of its largest competitors.
A Mountain View-based multinational corporation involved in Internet search and digital advertising services. It also provides hardware devices for users such as laptops and smartphones through its many subsidiaries, including Motorola Mobility. It is regarded as one of the most valuable brands globally and among Fortune’s World’s Most Valuable Brands.
Online social media service developed by Mark Zuckerberg (b.1984) in his dormitory room at Harvard University. After two years, it had about 100 million members and was acquired by Microsoft Corporation (NASDAQ MSFT), News Corp., Yahoo! Inc. and others for $240 billion in 2012.
4. Apple Inc.
A privately held company headquartered in Cupertino, California, known primarily for consumer electronics, computers, mobile phones, personal productivity software and tablet computing devices. In 2017, Forbes magazine ranked Apple as the world’s most valuable brand with a total market capitalization of US$965 billion.
An American global on-demand streaming media provider which specializes in producing, licensing, and distributing DVD-by-mail and online streaming media content. Its DVDs are delivered directly to customers’ homes or picked up from stores. As of 2016, it offers over 125 original TV shows and movies and hundreds more licensed programs.
A New York-based hospitality platform providing access to short-term accommodations around the globe. For each stay, hosts receive payment within 24 hours upon checkout and guests enjoy great value through cheaper alternatives to conventional hotels. Since its inception in 2008, Airbnb has sent over 40M messages to prospective hosts and hosted more than 60M guests.
A Swedish music-streaming website headquartered in Stockholm, Sweden. The company mainly licenses songs from record labels instead of producing its own music; however, in 2014, it became the first web-based music service ever to exceed 1 billion paid annual active users..
An online transportation network company founded in June 2009 by John Zimmer and Logan Green and headquartered in Los Angeles, California, United States. The app uses GPS mapping to connect passengers, who act as drivers, with people looking for rides.
Business operators across the board now rely on technology to boost profits, from fr online casino operators, to bookmakers, and even restaurant chains. But these businesses vary wildly when it comes to their reliance on technology. They can be divided into four distinct categories: those that take advantage of new technology for customer experience enhancement, those that use it to improve profitability and efficiency, those that take full advantage of emerging technologies like blockchain and artificial intelligence, and those that don’t yet have much interest in adopting new tech…