Every company should evaluate the best ways to progress into the future. An organization improves efficiency by utilizing the top business innovations.
You can get the best quality products from companies that innovate. Check out these businesses that have created or employed the most useful and convenient innovations for 2020.
Canva
Most business professionals are very familiar with Powerpoint presentations. If you haven’t created a presentation, then you’ve definitely seen one.
Canva is becoming the slide-show maker of choice for innovative businesses.
The current trend in society is interactive media. People like to give input and see videos and animations. Canva makes embedding videos and social media feeds simple and easy.
Canva is overtaking the competition with its mobile adaptability. Since a person can edit on a mobile device, the finished product is formatted to be viewed on mobile devices.
Over one million presentations are created a week by users on Canva. Expect this number to grow as companies move towards the more tech-savvy platform.
Tesla and the Electric Truck
Elon Musk is known for making headlines with innovative gadgets and endeavors. His electric car company, Tesla, is helping shape the logistics industry with its new innovation – Tesla Semi.
The Tesla Semi will be the first heavy-duty class 8 electric truck. The truck will be able to go about 500 miles on a single charge. Charging stations will have a truck ready to go in just over half an hour.
Delays have pushed the production date to the end of 2020. It’s possible the current pandemic could push production back further.
Regardless, Elon Musk is confident they can still hit the production deadline. Once the Tesla Semi hits the road, the world will have trucks that are clean and don’t emit pollutants into the air.
5G Networks
The 5G, or fifth-generation, cellular networks are the successor to the 4G networks that were released in 2006. The biggest difference in 5G is the bandwidth and download speeds.
A larger bandwidth and better download speeds are good news for businesses. The faster speeds help organizations keep up with social media.
The roll-out of 5G technically began in 2019, but it’s becoming a wanted commodity for business operations in 2020. Not all cell phone carriers have 5G yet, but you can expect the change to start this year.
Contactless Delivery
Not all business innovations have to involve high-tech gadgets. The current pandemic has companies rethinking hygiene and safety practices. Contactless delivery is the new trend taking over product delivery.
Don’t expect contactless delivery to go anytime soon. After the pandemic is over, pizza delivery won’t go back to the traditional method.
Contactless delivery is great for people who suffer from anxiety. Introverted customers also appreciate the new delivery method.
It also let’s delivery drivers be more efficient and quicker. No one has to wait anymore with contactless delivery.
Look for more businesses to include new safety practices and methods.
Since the flu won’t go away anytime soon, people will appreciate and depend on contactless delivery to become a permanent fixture.
Curbside Pick Up
Unlike contactless delivery, curbside pick up started before the pandemic. It doesn’t look like it’ll leave the world either.
Curbside pick up offers the convenience of shopping from a computer or phone and skipping all the lines. Simply order what you want and pay online.
This service innovation is perfect for people who don’t have enough hours in a day to complete all their tasks. Look for other businesses to continue curbside or in-store pick-up.
Footprint Sustainable Living
Footprint is leading the charge in reducing plastic in the packaging industry. Smart sustainable living is the key to keeping our planet clean for generations to come.
With large amounts of food packaging being composed of plastic and aluminum, Footprint is focused on plant-based containers and packages. Sustainable alternatives include food trays made of engineered fibers.
These food trays are meant to be non-toxic and more durable than plastic. The current trays on the shelves can handle microwaves and freezing temperatures without compromising the integrity of the structure.
Companies and distributors will start using more environmentally friendly options as green initiatives increase. The packaging shouldn’t affect the amount of product, but you can always weigh it yourself to be sure.
If you need help converting different grams to pounds, click here and save yourself the math and time.
Snap Joins Top Business Innovations
Snap, the parent company of Snapchat, isn’t new or changing too much. But it is being used in innovative ways.
Snapchat was once a fun and cool interactive way to send videos and pictures to friends and followers. Now, it’s viewed as an entire marketing channel tailored towards the younger generations.
Despite being developed five years after Twitter, Snapchat has more active and younger users. Social media influencers, entrepreneurs, and Fortune 500 businesses are using Snapchat to reach new demographics.
If the trend continues, we’ll see all types of businesses increase their presence with Snap making it a top business innovation for 2020.
Videos With Vimeo
Powerpoint presentations, marketing and branding, and corporate training are all moving to video solutions. Companies no longer have to contract with professional production teams to create videos anymore.
Vimeo offers content creation tools on its platform for a subscription. An organization can create content, live stream, and follow analytics to watch the performance of their videos.
Vimeo is aided by the recent censorship issues plaguing Twitter and YouTube. The fallout has given Vimeo a chance to surge ahead and become an emerging platform for businesses and entrepreneurs alike.
Smartphone Health Diagnostics
Imagine replacing physician visits with your smartphone. Numerous companies are in a medical arms race to develop efficient diagnosing applications.
Some entrepreneurs have already developed prototype ultrasound scanners that plug into a smartphone. While the image isn’t nearly as clear as a full-sized clinic version, efforts are already underway to improve the resolution.
Other research teams are constantly improving the ease and accuracy of diabetic testing.
Eventually, society will only visit doctors for treatment instead of diagnosis. Healthcare providers and insurance companies will have to rethink their business models to compete with smartphone health diagnostics.
The Monolith of Amazon
Jeff Bezos has created an empire that doesn’t appear to be slowing down anytime soon.
Amazon put a huge dent in big box stores with their online catalog. They bypassed the logistics industry by forming their own delivery service. Now, Amazon is targeting the financial vertical by allowing customers to make installments on purchases.
Small businesses can make big purchases without having to use a large amount of free cash flow. Simply allowing customers to make monthly payments will reduce the amount of business credit and loans needed.
As the future of delivering goods marches towards a contactless goal, more people will see drones hovering in the city with their packages.
Amazon already has Prime Air which cuts down wait times making shopping online just as quick as shopping in the store.
Remote Working
Ever since the explosion of the email, remote working has existed. The onset of the Covid-19 virus has increased the number of remote workers and contractors.
Brick and mortar education and employment may never return to pre-2020 methods.
Businesses have learned to reduce staffing levels and survive on paper-thin budgets. Employees and owners are wearing multiple hats to get by during the pandemic.
Many small and medium-sized organizations will never return to full staffing strength. Likewise, many remote workers won’t return to an in-house position.
As long as employees have done their jobs, they’ve proven remote work is just as adequate as coming to the office.
Brex
Start-up ventures are going to be strapped for cash when the pandemic ends. Everyone will be pinching their pennies in fear of another disaster.
Brex created a flexible credit card for early start-ups. The credit card can track sales and revenue generated by the company. Brex uses integrated software that automatically lowers and raises credit limits based on revenue.
Start-ups have a high rate of failure, but Brex anticipates the ominous end for some entrepreneurs. The company’s hope is using this failure to gather metrics that can be used for improving the credit card.
Recently, Brex also launched another credit card that offers a 60-day bridge period with no interest. This credit card is aimed at helping start-ups with little cash.
Expect to see more innovative entrepreneurs turn to Brex to get financing.
Innovation and Change
For businesses and society to advance, innovation and change must be accepted and rewarded. These top business innovations and companies are leading the way with their pioneer visions.
Who knows what they will create next?
If you’re interested in more business-related articles, keep scrolling the page for in-depth reading.
