Ferrum Technology Services Blog

It certainly is not unusual for businesses to move in the direction of “green” technologies, not just because they are better for the environment, but also because they are simply better for operations. Let’s go over some of the technologies your small business can implement to take advantage of the opportunities afforded by green technology.

Artificial Intelligence (AI) is one of those monikers that we’ve extended to most machine learning technologies nowadays. Over the past few years, however, AI has made huge strides in industry, providing a level of automation that simply wasn’t possible previously. Couple in the massive benefits that organizations can see through AI-driven data insights and it is truly a transformative technology. This week, we’ll take a look at AI and unpack just how fast it is evolving. 

Technology is one part of your business that you can use to improve your capacity for competing with larger organizations and enterprises, even if you are a small team working with local clients. Today, we want to discuss four crucial technologies that any small business needs in order to be as efficient, effective, and most of all, competitive, as possible.

A few… Well, more than a few years ago, when cloud computing exploded, it was one of the most exciting new ways to manage, distribute, and store digital information. Like most technological trends, it’s hard to pinpoint an exact date when the cloud became a thing, but generally the term started getting thrown around in the late 90s when some software platforms started using the Internet to host applications and information. In 1999, Salesforce was perhaps one of the most popular cloud-based platforms, offering a hosted version of their software that was available “on-demand” for businesses with a licensed subscription. 

Without sufficient communications within your business, you won’t be able to accomplish nearly as much as you potentially could with the proper systems in place. Let’s review a few tips that will help you to stretch your business’ collaboration that much farther.

AI is a major topic lately, whether it’s on the topic of new and upcoming chatbots that are capable of generating text or making art that can compete with even the most skilled of artists. AI is commonly targeted as a culprit in stealing jobs, as well, and with these applications becoming more sophisticated over time, it’s no wonder people aren’t sure how to react to these developments.

The blockchain is a technology that has really taken off in the past couple of years, with many people asking if the same technology behind cryptocurrencies can be applied to other uses and applications. Let’s consider how the blockchain might be used outside of cryptocurrency and in various industries—particularly for security—in the future.

Smartphones are, in a word, ubiquitous. With 86.29% of the global population owning a smartphone in 2023 (according to Statista), one would think—pretty justifiably—that the smartphone market is doing pretty well indeed. 

The opposite is actually true. Let’s take a quick look at the smartphone market and its decreases, as well as the lack of innovation that is largely blamed for this decline.

Technology is a modern marvel, that much is certain, but it wasn’t that long ago that we were remarkably far behind where we are today. Let’s take a look at data and examine how something so small can be something so incredibly important to the modern business world.

Your typical book holds a lot of data, but now that we have stoked your curiosity and amazement with how much data is held by the Library of Congress, we’d like to put this number into perspective with some everyday explorations. Let’s take a look.

If a business seeks to make important decisions, there is always going to be a little bit of hesitation. After all, the wrong choice could mean financial or operational ramifications. Therefore, the most logical way to approach these decisions is to maximize the value you get out of your investments. Today, we want to focus on how technology can be a driving factor for maximizing your business’ value from major decisions.

Artificial intelligence has become a popular topic to discuss in the business world, and like just about any current technology trend, you know Microsoft has to hop on the bandwagon with its own solution. Microsoft’s new AI-powered image generation tools will be integrated into many of their applications moving forward.

If nothing else is certain, then you can bet that the need to improve circumstances or processes gives birth to innovations of all types. Technology has proven this time and again, as new solutions have emerged to solve previously unsolvable issues and challenges not only in the workplace, but in society as a whole. Let’s examine how economic difficulty has driven innovation, specifically in the technology sector.

We frequently discuss how the solutions we offer can make business processes and procedures more effective, but in doing so, we’ve frequently overlooked how the implementation of these solutions—especially in terms of your digital transformation—have impacted your human resources.

Small businesses have to be very particular with the way they utilize their resources, especially when it comes to technology. If implemented properly, new solutions can increase agility and efficiency, but if implemented incorrectly, they can lead to substantial upfront costs and additional resources dedicated to management, maintenance, and upgrades. Let’s take a look at what small businesses must consider when prioritizing their technology investments.

When looking forward, it’s often useful to consider developing technologies to gauge what you might have access to in the future. Admittedly, a lot of these technologies can sound like a long shot at best (and ludicrous at their worst). However, some of these could very well transition into the business environment. Let’s consider a few out-there concepts that we might see gaining traction at some point in the future.

The workplace can be a stressful place, and studies have been done on this increase, as well as what can be done to mitigate the damage. To combat this increase, Microsoft has filed a patent that suggests new ways to resolve workplace stress might be in development in the near future. But is this technology actually necessary for identifying when you are stressed?

With Bitcoin picking up steam, the technology that fuels it, the blockchain, is being explored as an opportunity for many businesses out there. Let’s take a look at what some of the benefits and shortcomings of this technology are, as well as how they are commonly used.

Automation technology has many workers concerned about the future of their jobs. Computers are one of the many technologies that grow exponentially more powerful with every passing year, and these improvements lead to innovations that can save businesses tons of time and capital, but when applied to automation, does this come at the cost of jobs? Let’s see why workers in certain industries might be concerned about automation, as well as whether or not their concerns are warranted.

Cryptocurrencies--especially those that have recently surged into relevance--rely on blockchain technology, but what many people do not know is that blockchain is far more than a way to exchange digital currencies. In fact, cryptocurrency was just the beginning. Let’s take a look at the other practical uses for blockchain technology, including what it is and how it can help businesses.