Every company in every industry needs to keep up with technology. Companies among each industry are changing the way they interact with technology. They’re creating their own apps, building online platforms, and adopting new innovations. The number of apps created by corporations has grown exponentially.
Companies are finally embracing developer tools and mobile apps to achieve their technology goals. Even the technology industry itself is trying to adapt to modern technology. More industrial companies like construction, finance, and education are introducing tech tools into their organizations. Here are five companies that are making big technological advancements.
Media & Entertainment
Magazines and newspapers are becoming things of the past. It’s all about getting information on a mobile device. Media and entertainment companies have been keeping up to the demands of millennials. If they can’t provide these services, they will face the wrath that hundreds of other major companies have. One million US viewers have cut the cord of their cable subscription services, opting for streaming services like Hulu and Netflix.
The media and entertainment industry has been trying to keep up with modern technology. Media and entertainment companies have been on the top spot when it comes to the number of apps used. Sixty-eight percent of customers in this industry own one developer tool, which makes it the second-highest ranking industry when it comes to embracing tech.
It sounds strange but technology companies have to embrace modern technology. Some technology companies need to embrace other technology companies that provide security, speed, and automated processes for employee efficiency and productivity. The tech industry had the highest number of apps in 2017 at 1,910. They’re leading the way when it comes to developer tools. Sixty-nine percent of technology companies have used one developer tool in 2017.
Finance & Banking
Finance and banking is an industry that’s striving to become more technologically advanced. More banks and credit unions are releasing their own apps and offering online banking services. The number of apps in the finance and banking industry grew 33%. In addition, the number of customers who used a developer tool rose to 6%.
This new range of apps and developer tools reveal that banking isn’t what it used to be. Forty percent of Americans have not used a physical bank or credit union in the past six months. There is a wide range of apps that offer digital wallets and push notifications. With the popularity of blockchain, the banking and financial industry is trying to find ways to keep up.
Companies in biotech, healthcare, and pharma had a 36% increase in the number of apps used from 2016 to 2017. This shows that the healthcare industry is finally embracing technology. Providers have even introduced technology into their own practice. But that has come with a cost.
The rising number of data breaches has impacted the healthcare industry. The sensitive data has put these healthcare companies at stake. Regulators are demanding healthcare companies to establish compliance rules for information technology and security measures. With the increase in healthcare apps, clinicians and healthcare companies have to adapt to modern technology and security services.
The education industry has successfully embraced modern technology. There are a wide variety of online learning courses, educational mobile apps, and interactive educational portals. Thirty-one percent of customers ended up using online learning courses in 2017. The Edtech market is expected to hit by $1.83 billion by 2020, which means education companies are riding the technology wave.
Eighty-two percent of construction companies have a shortage of construction workers. One way this industry is rebuilding itself is by embracing innovation and technology. By doing this, crane companies can better keep up with the challenges of this industry. Automation tools, collaboration tools, and off-site prefabrication processes are known to improve productivity and reduce time spent on construction sites.
Many companies have changed the way their businesses interact with technology. These new technologies are sure to shape the future of these companies in 2019 and beyond.