Fringe technology encompasses innovative and unconventional tech solutions that are not yet mainstream but can potentially make a significant impact. Small businesses can utilize these technologies to gain a competitive edge, boost efficiency, and enhance customer experiences. Here are some examples of fringe technologies that small businesses can adopt.
Augmented Reality and Virtual Reality
AR and VR are gaining traction for creating immersive marketing experiences for customers and providing in-depth training for employees, helping them understand their roles better.
Blockchain
Beyond its use in cryptocurrency, blockchain technology offers businesses secure transaction processing, improved supply chain management, and the capability to provide secure digital contracts to customers.
The Internet of Things
The IoT involves internet-connected devices that add value by automating and optimizing business operations. These devices can monitor goods, components, or equipment, enhancing an organization’s data systems.
Artificial Intelligence and Machine Learning
AI and ML are increasingly embedded in business software, enhancing customer experiences through better service and support, personalizing marketing efforts, and automating business functions to streamline processes.
Biometrics
Security is a paramount concern, and biometric technology—such as facial recognition and fingerprint scanning—provides businesses with enhanced security and streamlined authentication processes.
Edge Computing
Edge computing processes data closer to its source, reducing latency and improving the performance of information systems.
Implementation Tips
To effectively implement these technologies, consider the following steps:
- Identify Needs - Determine the specific challenges or opportunities where the technology could have the most impact.
- Start Small - Begin with pilot projects to test the technology and evaluate its effectiveness before scaling up.
- Invest in Training - Ensure your team is well-trained and comfortable with new technologies to maximize their potential.
If you're interested in discussing how to innovate your business technology, contact one of our knowledgeable professionals at (604) 513-9428.
