Washington World Bank documents that the global economy will grow 3.2% in 2014 and continue that trend for the next two years. It's hard to place this into a tangible angle, but the World Bank suggests that advanced economies are gaining momentum and will support expansion in developing markets.
So what are these advanced economies? One major aspect to an advanced economy is the proliferation and acceptance of advanced technologies. With expected growth across the board in 2014, the below technologies will spearhead new tech business trends.
1. Tech ApparelBusinesses need to begin deploying mobile tech in a few ways to enhance communication and acceptance. The Google Glass, Samsung Smartwatch and Apple's iWatch are leading a new trend towards interface technology that can be worn. Computer World mentions that this is known as Bring Your own Device, or BYOD, and employees may even be offered these devices for free to enhance productivity, morale, and general business success.
Businesses should also deploy policies for BYOD, recalls a Gartner report. This will include policy updates, new apps, long term brand marketing strategies, and IT developments to take advantage of the trend.
2. Mobile Money Inches Closer to the StandardComplete Payroll has highlighted a few major payroll changes in 2014, but fortunately a few of them will be closely monitored through complex and integrated payroll systems. This will include the social security wage base increase for 2014 and the general mileage reimbursement reduction. Algorithms and live updates in the Intuit system will track these data changes. The Intuit payroll for small businesses platform uses a refined payroll strategy in a protected manner, and over one million small businesses already deploy the technology to pay staff members.
3. Cloud Computing Gets Smaller and BiggerThe range of cloud computing services will drastically expand over the year. Businesses of smaller and even bigger sizes will lean into cloud computing with greater emphasis, details the Wall Street Journal.
Companies use cloud technology to cut costs on in-house storage, sales management, and Information Technology. There is also a wide embrace of personal cloud computing where a greater majority of reports will be on the cloud services of a device and not the device itself. Lastly, the Wall Street Journal cleverly reports that cloud computing’s acceptance on a greater scale is due to it solving the three main issues of further mobility: memory, processing, and battery life.
4. 3D Printers Breach the MainstreamVice Motherboard recalls that many major laser technology patents are expiring early 2014, opening the door for 3D printing to be widely effective for more than just plastic products.
FDM printers are now available for $300, but they are only functional with plastic. Samsung, Microsoft, and HP jumped on moving forward 3D printing in 2013, details Venture Beat. Rumors continue circulating that at least one of them will have a viable product by the close of 2014. MakerBot is working with leading 3D printing developers, as well as their own products, to offer printing templates to get people started. This will lower the barrier of accessibility in the technology, recalls Canadian Business.