3 Hot Technologies Your Company Should Look to Adopt in 2019

We are truly in the digital age, and the options for modernizing your business through groundbreaking enterprise technology have never been more plentiful. But all those options can also provide some confusion about what to implement first. Blockchain was a hot topic last year, but experts now liken it to “a nail in search of a hammer.”
To help narrow the field, we have identified three technologies your business should adopt in 2019.

Cloud Computing
Cloud Computing makes software and data available everywhere there is an internet connection. This innovative tech significantly lowers costs and increases productivity and efficiency by allowing your employees to access anything needed for your business on all devices, including mobile. Software upgrades and new releases are immediate and seamless. Cloud-based systems are completely customizable based upon your business needs. Finally, you will have peace of mind regarding proprietary information, which is stored securely and without the worry of lost data.

Artificial Intelligence and Machine Learning
An increasing number of applications and devices utilize artificial intelligence (AI) and machine-learning, like Siri, Alexa, or Google. These devices and systems can identify trends and utilize intelligence and insights in fluid situations, allowing you to provide useful services for your business and customers. For example, when you use your credit card to make a purchase, multiple systems are engaged: credit management, location management, and fraud management, all of which use AI and machine learning to combine analytics and produce next steps (e.g., suggesting a credit line increase, offering purchase protection, etc.).

Analytics
Business analytics technology can help your company examine what is likely to happen, or how you can make something happen. Predictive and prescriptive analytics provide valuable business intelligence (BI) data for any size company. Predictive analytics scrutinize current data and historical facts to better understand customers, products, and partners and identify potential risks and opportunities. Prescriptive analytics look at the effect of future decisions so you can optimize your operations—scheduling, production, inventory, promotion, or supply chain—to deliver what your customers want in the most efficient and effective way.

Looking Ahead
2019 will be an exciting year as innovations continue to happen throughout the business technology landscape. Successfully utilizing these developments can be extremely beneficial as long as you prioritize initiatives to align with your core principles.
If you’re interested in learning more about the technology described above or would like to consult on best practices for technology in the workplace, please contact your RS&F advisor or email info@rsandf.com.

The latest news from our team: 

Jeff Rosen, Partner at Rosen, Sapperstein & Friedlander, LLC, Named Among The Daily Record’s 2019 Influential Marylanders

The Influential Marylander Award highlights 53 individuals for their contributions to their respective fields and for their leadership in Maryland.
“It’s an honor to be listed among Maryland’s most well-known leaders,” said Rosen. “Our state has a strong foundation of enterprising women and men who are improving our diverse communities and I look forward to working alongside these influential individuals as we continue to shape Maryland’s future.”
“Influential Marylanders are inspirational. Their visionary actions earn them great respect from their professional peers and from the greater community,” said Suzanne Fischer-Huettner, publisher of The Daily Record. “They spark innovation and progress, and by doing so, show how truly influential they are in our state. We at The Daily Record are pleased to recognize such an outstanding group of leaders in Maryland.”
Robert Kase, CPA.CITP, CGMA, Elected Treasurer of MBIA

Robert Kase, CPA.CITP, CGMA, partner at Rosen, Sapperstein & Friedlander, LLC (RS&F) has joined the 2019 Executive Committee of the Maryland Building Industry Association (MBIA) as treasurer. As an affiliate of the National Association of Home Builders, MBIA is one of the state’s largest and strongest trade organizations and one of the largest home builder associations in the country, representing Anne Arundel, Baltimore, Calvert, Carroll, Cecil, Charles, Harford, Howard, Montgomery, Prince George’s and St. Mary’s counties as well as Baltimore City, the Eastern Shore and Washington, DC.
Mr. Kase has more than 20 years of experience in public accounting, tax, information technology, internal controls, process analysis, forecasts, budgets, and due diligence for middle-market and family-owned businesses as well as high net worth families. He was named partner at RS&F in August 2018.

 

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