With development and advancements in technology comes the potential for business and entire industries to grow exponentially. Historically, we’ve seen these jumps in advancement with the likes of the production line and car manufacturing. And in more recent times we’ve seen great leaps with the introduction of artificial intelligence (AI).
In this guide, we take a detailed look at some of the industries that have seen the biggest growth thanks to developments in technology that they’ve successfully been able to adapt.
We’ll look at sports, the gambling industry and manufacturing. But first, let’s look at something that’s very important to a lot of us: health.
Our understanding of human health and how the body works is forever evolving. New insights are gleaned thanks to advances in technology, allowing for the likes of improved anesthetics, antibiotics and even radiotherapy machines.
The use of modern digital marketing strategies that reach people via social media have also proved pivotal in educating people on health issues, which, in turn, can reduce the strain on services.
One of the biggest developments in the last couple of years is medical appointments conducted remotely using video streaming platforms. While this can’t replace a physical inspection by a doctor, it can be very useful for mild conditions like colds and coughs. This, in turn, can help reduce the strain on public health services, freeing up doctor’s time, keeping waiting rooms quieter and allowing more patients to be seen.
One industry that has seen significant advancement in the technologies it uses is gambling. The development of mobile technology and improvements in mobile data networks has allowed developers to create more functional and quality applications.
This has enabled the likes of betting companies to develop their mobile and online experiences. Nowadays, a person can play the likes of roulette and blackjack in an online casino and have a similar experience than if they were in an actual casino. Betting companies have achieved this through the likes of live table games, which sees streams of real casino games beamed to players’ phones or computers. They can then bet in real-time along with people in the actual casino.
Online casinos have sought to utilize technology to make their experiences even more immersive too. Virtual reality (VR) slot machine games are now available to play with some casinos and no doubt this will be extended as the technology advances further.
Only through the development of these technologies has the gambling industry been able to develop in this way.
One industry that has embraced advances in technology is sport. With more money pumped into the commercial side of many leagues and games around the world, there’s a greater focus on technology to get the most out of players.
Take soccer for example. Nowadays, players all wear vests that contain a tracker. This monitors their distance, speed, calories, the amount of passes they make and the like. Data analysts then review this to try and help improve the players’ performance. This can all help make a massive difference to the success of a team.
Virtual reality (VR) technology has also been used in rehabilitation in soccer. With some injured players unable to train with others, they can wear a VR headset and engage in more demanding training without the physicality.
VR has also been used to help with the mental side of the game, such as giving younger players a taste of big intense atmospheres.
Another industry that has grown and changed thanks to advancements in technology is manufacturing.
At the beginning we mentioned the production line, introduced by Henry Ford. Nowadays, production lines are mainly manned by robots which help assemble vehicles at fast and consistent rates. This has enabled production to scale massively and has also changed the manner of work for many people.
These technologies have spread across all levels of manufacturing, with more sophisticated robots now doing the work previously done by humans. This has led to improved efficiencies, fewer workplace accidents and better profit margins for businesses.
The use of artificial intelligence (AI) in manufacturing has also led to significant developments. AI can conduct complex analysis of the likes of work systems to identify opportunities for greater efficiencies which can help make businesses grow and workplaces safer for employees.
However, there is a great fear in the manufacturing industry on the part of workers of complete automation, a state in which their jobs become redundant as they’re replaced by robots.