Top 7 Tech That Are Revolutionizing Entire Industry Today
The technology industry has rapidly evolved in recent years thanks to the 3-year Pandemic since 2020, many technologies were 'nice to have' and became 'must have' in this short period and their impact on their respective industry is profound.
Today, businesses can leverage this tech trend with the adoption of technological tools and platforms to enhance their operations, improve customer experiences, and drive growth.
Especially in Asia, there are huge opportunities to grow in emerging economies.
For example, in China - often it is said that they skipped the PC revolution and went straight to the Mobile revolution.
In the last 10 years, almost all new technologies have been designed with "Mobile First" in mind.
This is the reason why when you meet professional people in China, they will give you a "WeChat" account to contact them but they don't have an email address.
While most of you may have heard of Fintech which is one of the richest segments of tech, in this post, we'll take a closer look at the other top 7 tech segments that are revolutionizing their industry today.
Technology 1: Health Tech
The healthcare industry has been one of the most significant beneficiaries of technological advancements.
From telemedicine and Electronic health records (EHRs) to medical devices and wearables, health tech is changing the way patients access care, and providers deliver it.
Electronic health records (EHRs) are digital versions of a patient’s medical history and are used to store and share information between healthcare providers.
It was made popular during the pandemic as travelers needed these records for vaccines and safe travels between borders.
Technology 2: EdTech
Education has long been a sector ripe for disruption, and EdTech is doing just that.
During the pandemic, most schools have to adapt and start with online classes.
Even adult or professional learning benefited from the rise of online courses, certified course systems, and educational apps.
Students can now access personalized, immersive learning experiences like never before.
Technology 3: AdTech
The digital advertising industry has undergone a significant transformation in recent years, thanks to ad tech.
Programmatic advertising, real-time bidding, ad networks, AI video translation, data management platforms, and CRM are just some of the tools that are revolutionizing the way ads are bought, sold, and delivered online.
With the emergence of Artificial Intelligence, the accuracy of targeting will increase even more and the value of digital advertising will only increase for businesses.
Technology 4: Agri-tech
The agriculture industry is another sector that is benefiting from technological innovations.
Precision farming, crop monitoring, biotechnology, and smart irrigation are just a few examples of how agri-tech is helping farmers increase crop yields, improve food quality and safety, and reduce waste.
Technology 5: Proptech
The real estate industry is no stranger to technological disruption, and Property tech is at the forefront of this movement.
Property listing platforms, real estate analytics, virtual and augmented reality, and smart home technologies are just some of the tools that are changing the way properties are bought, sold, and managed.
Technology 6: Travel tech
The travel industry is also being transformed by technology.
Online travel agencies, booking platforms with AI, travel analytics, and travel management tools are all helping businesses optimize the travel experience and provide personalized recommendations to customers.
Post-pandemic, the travel industry is looking to grow at a phenomenal pace, releasing the purchasing power of travelers over 3 years.
The consumer is looking for the best deals and seamless experience on demand, therefore real-time availability check is essential for any platform to have to provide the best user experience.
Technology 7: Retail tech
Finally, retail is another sector that is leveraging technology to enhance customer experiences and drive growth.
E-commerce platforms, point-of-sale systems, inventory management tools, and customer analytics are just some of the tools that are helping retailers stay competitive in today's digital age.
Since the pandemic, most restaurants have a QR code where you can place orders yourself.
Self-service will be a 'must-have' for this industry as it provides a better customer experience and lowers the cost for the owner.
While the world is looking at Fintech as the forerunner, these seven tech segments are revolutionizing business today and are driving significant value within their industry.
Whether you are in healthcare, education, advertising, agriculture, real estate, travel, or the retail industry, it's essential to stay abreast of the latest technological advancements in your industry to remain competitive and thrive in the digital age.
In Asia, there is still a lot of room for growth in these industries.
If you have a great product in your country, it is time for your company to expand to Asia.
If you know how to do it like us at ToAsia.biz, it is much easier than you could imagine.
Contact us now for a free consultation session.
Alan Wong is founder of ToAsia.biz and a startup mentor with over 20 years of professional experience managing software, Saas and consulting services MNCs.