The development of technology unicorns in Vietnam has created a technology business trend following the 4.0 revolution.
So what is business technology? And in the 4.0 revolution, would have a difference in model with technology from previous ones? Let’s check the answer in this article.
1. What is new about business technology in the 4.0 revolution?
First of all, we need to know that the business technology in 4.0 must constantly innovate.
Technology is changing day after day at a dizzying speed. You need to keep in touch with the market or abandon it. Old ways of thinking will no longer work. The “went out” of once-popular companies like Nokia and Yahoo is an example.
When you choose a business product, your product needs to meet the market’s demands. Finding new products and services, targeting niche markets, etc., are good suggestions. Even when your product or service is a traditional product, it can be improved and applied to technology to make it more perfect.
Next, the application of technology to push sales is very important. Traditional selling has been subjected to highly fierce competition for online sales currently. To be successful, intelligent business people in 4.0 need to expand many sales channels based on technology (e-commerce channels, social networks, …)
2. What are the opportunities and challenges of Business Technology
2.1 Opportunities
Industry 4.0 makes people more intelligent and flexible. All jobs were done by humans quite ago, and now everything is done by robots. For example, people do not have to sweep the house every day because there are Robotic Vacuum Cleaners; you sit still and press the control.
Besides, it is a high opportunity for knowledge & talented people in the technology field. In the 4.0 revolution, most jobs become “as easy as child’s play” with technology. If you know any technology fields, you will have a “delicious piece of cake in your hand”.
Nowadays, many young people spend a lot of time researching business technology and gradually become staff in the technology industry.
2.2 Challenges of Busniess Techology in 4.0
The most worrying problem today is that the labor market is in danger of gradual decline. The increase in technology-related jobs makes manual work increasingly axed.
When Robots and automation systems gradually replace the position of humans, it is predicted that in the coming years, significant labor will be out of employment, and this is a big problem.
3. Critical factors for success when you startup in a technology field
3.1. Prepare a specific technology startup idea.
Whether you choose a safe option, little capital or a new field with many risks, the next step will become more straightforward if you have a clear idea of direction.
And success only comes to those who dare to implement the idea. Of course, your business idea must have a complete beginning, destination and process to convince people.
3.2. Build a plan as soon as you start
Whether you choose a safe option, little capital or a new field with many risks, the next step will become more straightforward if you have a clear idea of direction.
And success only comes to those who dare to implement the idea. Of course, your business idea must have a complete beginning, destination and process to convince people.
3.3 Companions on the journey of starting business technology
Not only business technology but any model business also needs human resources. This is the primary criterion, the core, and plays an essential role in the plan. And you know, investing in human resources is the investment for the most solid success today.
An experienced, enthusiastic staff or companion will help you a lot. From the time of generating ideas and building plans to facing difficulties, they will be your teammates to lift your spirits and overcome to move on. Or else you can outsource services such as web development, or digital marketing to reduce cost and gain effective outcomes.
At the same time, it is better to have many members involved in seeing the problem than you are alone and thinking one-sidedly.
Running a successful tech business isn’t always easy. Many entrepreneurs have gone through this challenging process. Therefore, let’s cultivate yourself and you will surely achieve the desired results. Hope this post could be helpful to you.
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