In my recent post in the entrepreneur of the month series, one of the lessons learnt from Mr Bill Gates was on having a good industry knowledge of any business you do. After going through his success story with Microsoft, the following question was asked to further check how much we know about our industries:
“What are the major factors influencing your industry now and what impacts are they likely to have on your business in the long run?”
Studying trends across industries is a way to identify some of these factors that can either be an advantage or pose a threat to your industry or business moving forward. With the rapid changes in technology and its sometimes disruptive effects on industries, staying abreast of such trends is critical for businesses of any size. Here are the 2015 technology trends for small businesses as published by Ryan Barton on Mainstay Technology blog (Click here to view).
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