Computer chips have been for almost a century now, and their development has been rising ever since. When IBM scientist concluded that copper wires could be used to connect individual transistor in computer chips, the industry exploded. Soon after that, every company wanted to own a computer, the faster, the better.
And companies changed a lot ever since they started applying computer chips wherever they could. Here are the top five ways companies use computer chips today.
1. Mobile Phones
In 2013 Forbes wrote an article in which they predicted that mobile phones would change business (all the predictions were correct) because:
- You are continuously connected, therefore always available for your employees or employer. Need to update the report because you find additional data an hour before the deadline? No problem, call your co-worker and have him change the report. The downside is: the barrier between business and personal life is slowly disappearing
- A total number of business applications exploded over the last couple of years, and a lot of those apps made it easier for companies to conduct their business, cut down expenses, analyze large amounts of data, etc.
- Mobile phones changed the way marketing works. Want to sell a product? Just make an app and share it with everyone else.
- Transactions are a lot easier and faster due to the use of mobile phones and apps that provide a safe and quick way of paying.
2. RFID Technology
RFID (Radio-frequency identification) allows companies to track the merchandise with the help of radio frequency technology. While this technology existed for a long time, it wasn’t widely applied.
According to Forbes article, the RFID technology will take the retail operation to another level. The technology will affect sales and increase profitability because the technology will display the storing, transportation and the overall movement of products.
Furthermore, every information regarding the product will be available to the company, from expiration date to the position of that product, which is quite amazing.
Artificial Intelligence is already changing the business. One Forbes article suggests that 84% of companies claimed the AI would help them get a competative advantage and 83% argued that the AI is a strategic priority for their company.
AI will change the way marketing works, the way supply chain works. Furthermore, it will also change the way support and customer services function today.
For example, AI will change transportation industry, which will directly impact the way manufacturers and retailers transport their goods. Not only that: public transportation such as taxi companies will more than likely use self-driving cars.
It is undeniable that the AI will change the future, and it will transform it sooner than we think. Some of the most notable companies already use AI technology: Apple (Siri), Amazon (Alexa), Tesla (smart cars), Pandora, Netflix.
With new technology come new threats: cybersecurity and cybercrime. Criminals always followed latest technological advancements. Today, criminals sit in their homes and write sophisticated maleficent viruses (like ransomware) instead of robbing banks or trains.
On the other hand, companies employee software engineers, construct complex firewall and roll out updates for apps their customers use. This is the somewhat fragile system. The best example is the latest bugs found in the Intel and AMD microchips.
Once the word was out, every company using these microchips (Google, Microsoft, Apple, etc.) started patching these flaws because the public began to panic. If not taken seriously companies could not only compromise their brand and image but could also directly harm their customers by exposing their data.
5. Microchipping Employees
While philosophers and religious experts debate on the ethics of microchipping employees, one Wisconsin company already microchipped their employees. Why? Well, they said it was the perfect thing to do.
But saying that something is the best thing to do is a philosophical statement, not a business statement. However, companies and employees to recognize the benefits of microchipping. Microchipped employee doesn’t need ID card to open doors or long on to this computer.
Furthermore, an employee can buy food and beverages during the break time by the emitting signal. The potential goes beyond opening security doors and coffee breaks. Soon these employees will be able to store presentations, memos, reports or any other data in this small devices.