From the very first development of the Internet, technology has been an inseparable part of this phenomenal revolution. What was meant to enable end-to-end, universal connectivity has created a whole new ecosystem, one that was radically different from the way business was done before the arrival of the Internet. Since then, thanks to the ever-changing technology landscape, the way business was done has witnessed a sea change and continues to alter in a rapid manner. As we head towards the eleventh decade of the 21st century, let’s take a look at some of the prominent changes that have taken place over the last decade.
Just like any other aspect of business, technology has evolved rapidly over the last decade. As it stands today, Internet is no longer just a tool for information exchange. It is now one of the most important things a business runs on. Web technology has played a significant role in the evolution of technology, and has been central to nearly every aspect of human life and economy since its inception.
Many individuals in the world still don’t use the Internet as the main means of personal information gathering, communication, and interaction, but they still run a business and use the technology in the background for other purposes. We all remember when the first Internet bubble burst, the economy got thrown into the most turbulent phase we have seen since the Great Depression, and many organizations were left reeling in complete confusion. That episode was not just the darkest chapter in the history of the internet, but it also changed a lot about how businesses, including nonprofits, conducted their business. The boom and bust of the real estate bubble also hit the nonprofit sector particularly hard and it pushed organizations to adopt more powerful and advanced technologies to stay afloat. The internet has made it easier for nonprofits to seek funding from private individuals or foundations and in return, more people have now become aware of what nonprofits do.
However, there are times when the Internet has limitations, especially for smaller organizations. The fact that users have moved beyond a very basic browsing capability is one such limitation, and that is why there are so many tools out there that allow for seamless integration of functionality across multiple platforms and devices.
The rise of the cloud technology has fundamentally changed the way organizations structure their data. It is because of the growth of the cloud that a lot of new tools are now available in the market. One of the biggest advantages of the cloud is that it gives organizations the freedom to store their data where they wish, and makes it possible for them to do almost anything they want with their data and their applications.
There is a very basic tool that has been available in the market for quite a long time, but it is now available in a much cheaper and feature-rich version called the API. The API has opened up a huge amount of capabilities and capability that was otherwise not accessible. It is a very powerful and all-round technology that is used to build products and applications for both the consumers and businesses alike.
Cloud computing, coupled with the API has made it possible for most organizations to process more data than ever before. This can be used to improve both analytical capacity and analytical capability. Analytical capacity, by using advanced analytics tools, helps organizations understand their customer needs and improve business processes to deliver improved customer experience. Businesses can thus make a big leap towards becoming technology-driven organizations by modernizing their business processes.
The 21st Century is increasingly being defined by digital technologies. The era has moved at a much faster pace than earlier.