Do you know what business you're REALLY in?

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FROM FICTION TO REALITY- THE EVOLUTION OF BEACON TECHNOLOGY

Since the evolution of technology, there has never been a time that innovation has ceased. At one point or the other, a new technology is either invented or a former technology is modernized.
Technology is advancing at a very rapid rate, and gradually they are turning science fictions (Sci-Fi) into reality.
One of the technologies recently discovered during this advancement is the Beacon technology which is a product of mechanical progression.
Beacon technology was one of the numerous technologies that were previously a small fragment of creative energy; an imagination of many researchers. But over the years, Beacon had evolved into a technology that is universally transforming businesses.

Here, we will be looking at the evolution of Beacon technology and how it is changing businesses all over the world.


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Most companies believe they have a pretty good handle on what their businesses  are and what they do. But in today’s world, that belief might be a little shaky and out of date.Many traditional consulting functions, such as business consulting and accounting are now delivered online or through a combination of online and software.Marketing has moved almost completely to servicing companies’ Internet brand management. and customer engagement.Digitization has become so prevalent that Marc Andreessen, a venture capitalist and founder of Netscape, suggests in a blog post that “Software is Eating the World”.


Skype has revolutionized traditional telephone services, Zynga has transformed gaming, Amazon has taken over bookselling (and computing services with its secondary cloud computing business), Apple has completely disrupted the publishing industry; LinkedIn has changed recruiting forever.Do you really believe that, because you are delivering professional services your business worn’t be similarly affected?Of course it will, and the smaller firms will be the first hit. Digitization creates a mass market for a specific service, allowing, in a sense, masses of smaller customers to essentially do the basics themselves instead of hiring service providers.


However, you do have one great advantage over this kind of commoditization. The one thing a service business has that software can’t yet provide is expertise.If your professional service business is still based on “services” instead of expertise you could be in trouble.If you’re providing traditional  roted and standardized services, Maybe it’s time you took apart your business and reinvented it.

 

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