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From blockchain to biohacking: Emerging tech trends to help your business

Year after year, the business landscape gets more and more competitive. So, staying ahead of the curve should always be front-of-mind. Adopting emerging technologies is one way you can give your business a competitive edge – but how do you know what’s right for you? From blockchain to biohacking, there’s a big wide world of innovation just waiting to be explored.

Blockchain for transparency and security

Blockchain technology rose to global prominence thanks to cryptocurrencies like Bitcoin, but it has far-reaching applications beyond digital currencies. It’s a decentralised and tamper-proof ledger that can upend industries by boosting transparency, security and trust in transactions.

  • Supply chain management: In Australia, where supply chains span thousands of kilometres, blockchain can ensure the integrity of goods as they move from one place to the next. It creates a secure and unalterable record of the journey, verifying product authenticity and compliance with quality standards.
  • Smart contracts: : Automate and streamline contract execution with smart contracts on blockchain. These self-executing contracts can facilitate and enforce agreements without any intermediaries, which reduces costs while enhancing efficiency across industries like real estate and legal services.
  • Crypto payments: Think about allowing cryptocurrencies as an alternative payment method. Many Australian businesses already accept Bitcoin and other cryptocurrencies, which can expand your reach and tap into a new market.
Artificial intelligence (AI) for efficiency

AI is truly revolutionising the way businesses operate. From automation solutions to data analysis, it’s all about improving your decision-making.

  • Customer service: AI-powered chatbots can provide round-the-clock customer support that handle routine queries and free up your staff for more complex jobs.
  • Predictive analytics: Leverage AI to analyse vast datasets and make informed predictions about market trends and consumer behaviours.
  • Personalisation: Use AI to personalise your marketing efforts. You can tailor content and offers to individual customer preferences and hopefully boost engagement (and sales!).
5G connectivity for faster operations

The rollout of 5G networks across Australia is delivering lightning-fast connectivity that will continue to impact businesses that rely on data transmissions and real-time interactions.

  • Faster mobile apps: With 5G, mobile apps are smoother, downloads are faster, and updates are near-instantaneous, which enhances customer satisfaction.
  • Remote work: 5G facilitates seamless remote work by providing reliable and high-speed internet access.
  • IoT integration: 5G facilitates seamless remote work by providing reliable and high-speed internet access.
Biohacking and employee wellness

The wellbeing of your workforce is of the utmost importance, and biohacking is an emerging trend focused on improving health and productivity.

  • Wellness programs: Roll out wellness programs that incorporate biohacking techniques, such as nutrition optimisation and stress management, to improve employee health and reduce absenteeism.
  • Wellness programs: Encourage employees to use wearable fitness trackers and health monitors to track their wellbeing and promote a healthier lifestyle.
  • Cognitive enhancement: Explore cognitive-enhancement tools and techniques that can boost mental clarity and focus among your team, potentially improving problem-solving.
Sustainability and green technologies

Sustainability is a growing concern for all businesses – but especially consumers. Embracing green technologies can both reduce your environmental impact and attract eco-conscious customers.

  • Renewable energy: Invest in renewable energy sources like solar panels to power your operations sustainably.
  • Eco-friendly products: Develop and promote eco-friendly products or packaging that can appeal to a large subset of consumers.
  • Eco-friendly products: Waste reduction and recycling programs will minimise your carbon footprint and demonstrate your commitment to ESG goals.

“There are so many opportunities to take advantage of emerging technologies, with many of them designed to boost day-to-day efficiency, customer engagement, employee wellness, sustainability and more,” says David Crook, Managing Director at Nero Financial. “To stay competitive and future-ready, think about how you can integrate these technologies to your business’s benefit.”

Embracing some of these emerging technologies can position your business at the forefront of innovation. If you need funding to invest in these valuable solutions, speak to the experts at Nero Financial or call us on 1300 025 949 today.