Whether you like it or not, technology is here to stay. It will continue to be a more and more important part of our lives. Technology is innovating at a speed never seen before, and shows no signs of slowing down. Not only does this help make our personal lives much easier and more streamlined, it can also change how businesses run and operate.
In particular, there have been a variety of different industries that have changed leaps and bounds thanks to the innovations in technology over the last few decades. This article is going to look at three different industries and go over some of the ways that technology has changed them forever.
Banking has undergone some massive changes over the last few decades, many of them thanks to technology. While you once had to go down to the bank to do everything, now, you hardly have to go there at all. We have mobile banking options on our phone. We can pay bills and transfer money at the touch of a button.
Also, digital money is beginning to take off thanks to apps and services like Venmo, PayPal and the Cash App. Fintech solutions are also changing how financial services are delivered and robo advisors are gaining steam as a viable way to help clients while saving companies money and time.
While many banks and credit unions are already up to date on the latest trends in technology, others lag behind. Thankfully, there exist bank consulting firms like Copper River Group. These organizations can help banks and financial institutions create a technology plan and stay current on the latest trends.
Healthcare is without a doubt among the most important industries on the planet. Keeping people safe and healthy is a huge concern. Thankfully, technology has also made this easier. We now have apps and at-home kits that can keep up knowledgeable about our current health. The internet is also full of helpful Q&A and commentary from doctors on a whole range of issues.
While these aren’t a substitute for a doctor’s visit, they can help people understand a little more about their situation and decide if it is worth it to visit the doctor. But perhaps the biggest innovation in the technology is the movement to medical records being kept online. This makes it easier to send it to and from other doctors. You can rest assured that no matter where you go, the doctor should be able to find your records. There is also a growing digital database featuring a ton of data on diseases and their causes, symptoms, cures and more.
In the past, booking a large family vacation would be a massive headache. You either had to work with a travel agent and pay a premium, or spend a ton of time on the phone making plans. Now, you can book an entire trip (flights, hotel, car and more) in only a few clicks from dozens of different sites on the internet.
Not only has booking a trip become more efficient, but the places you stay and how you vacation are also changing. Apps like Airbnb are changing the game in the hospitality space and rapidly taking market share from hotels.
Even how you travel from one place to another in your own city is changing thanks to companies like Uber and Lyft. Any way you look at it, technology and apps have revolutionized the travel industry and this will likely continue in the future.
These three industries were some of the most affected by innovation and technological change. Of course, they aren’t the only industries that have been changed. However, it is impossible to overstate how massive the changes in these three industries have been.