Five Technologies To Add To Your Business Development Right Now

Integrating the right technology can give you an edge in the marketplace and help streamline your operations both internally and externally. With IT spendingexpected to top$3.5 trillion in 2017worldwide, up 2.4% from 2016,knowing which technologies will make the biggest impact has its advantages.

Below, five members ofForbes Business Development Councilshare which new technology will make the biggest difference to your development team and provide the greatest amount of support moving forward.

Photos courtesy of respective FBDC members

Keeping up with emerging technologies can make a huge difference in your business development operations.

1. Volumetric Capture

One technology that will change the way we work will be volumetric capture. This is is a technique used to film footage in three dimensions for viewing in a virtual or mixed reality headset. One company that's on the forefront of this isMimesys. This will allow us to undertake meetings virtually, thus decreasing travel time while increasing rapport through interaction with our clients. -Dane Matheson,Sourcebits

2. AI And Machine Learning

Artificial intelligence and machine learning are impacting a lot of different businesses and roles within those businesses for the better. AI tools like the ones ZenProspecthas built within its platform -- which uses existing customers as a starting point profile to go out into the wild and find prospects that look like your customers -- will reduce the time it takes to prospect and close new business. -Joel LeBendig,CommunityCo

3. Virtual And Augmented Reality

Virtual, mixed and augmented reality (VR/MR/AR) will change the way we attend meetings and network. There are multiple VR social media networks already, including Facebook's recent beta launch ofSpaces, an interactive VR social media world. Within a few years, we'll all be attending conferences and meetings by using VR/MR/AR. -Robin Farmanfarmaian,Invicta Medical

4. AI And Bots

Today we’re bogged down less by process/busy work. Eventually, we could find ourselves having leads qualified for us, leaving the work to the actual people. A great example isSalesforceIQ’s automation, saving an average 4.26 hours a week for customers in data entry alone. That’s over nine days out of your life given back to building human relationships and making your customers happier. -Kyle Porter,SalesLoft

5. Smart Contracts On The Blockchain

Executing contracts through the blockchain will greatly reduce the time spent setting up various agreements. A smart contract can be pre-programmed with the ability to self-execute and self-enforce itself via the blockchain. The objective of a smart contract is to allow two interested parties to trade and do business with each other over the internet without the need for a middleman. -Jamie Albano,Freckle IoT

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Integrating the right technology can give you an edge in the marketplace and help streamline your operations both internally and externally. With IT spendingexpected to top$3.5 trillion in 2017worldwide, up 2.4% from 2016,knowing which technologies will make the biggest impact has its advantages.

Below, five members ofForbes Business Development Councilshare which new technology will make the biggest difference to your development team and provide the greatest amount of support moving forward.

Photos courtesy of respective FBDC members

Keeping up with emerging technologies can make a huge difference in your business development operations.

1. Volumetric Capture

One technology that will change the way we work will be volumetric capture. This is is a technique used to film footage in three dimensions for viewing in a virtual or mixed reality headset. One company that's on the forefront of this isMimesys. This will allow us to undertake meetings virtually, thus decreasing travel time while increasing rapport through interaction with our clients. -Dane Matheson,Sourcebits

2. AI And Machine Learning

Artificial intelligence and machine learning are impacting a lot of different businesses and roles within those businesses for the better. AI tools like the ones ZenProspecthas built within its platform -- which uses existing customers as a starting point profile to go out into the wild and find prospects that look like your customers -- will reduce the time it takes to prospect and close new business. -Joel LeBendig,CommunityCo

3. Virtual And Augmented Reality

Virtual, mixed and augmented reality (VR/MR/AR) will change the way we attend meetings and network. There are multiple VR social media networks already, including Facebook's recent beta launch ofSpaces, an interactive VR social media world. Within a few years, we'll all be attending conferences and meetings by using VR/MR/AR. -Robin Farmanfarmaian,Invicta Medical

4. AI And Bots

Today we’re bogged down less by process/busy work. Eventually, we could find ourselves having leads qualified for us, leaving the work to the actual people. A great example isSalesforceIQ’s automation, saving an average 4.26 hours a week for customers in data entry alone. That’s over nine days out of your life given back to building human relationships and making your customers happier. -Kyle Porter,SalesLoft

5. Smart Contracts On The Blockchain

Executing contracts through the blockchain will greatly reduce the time spent setting up various agreements. A smart contract can be pre-programmed with the ability to self-execute and self-enforce itself via the blockchain. The objective of a smart contract is to allow two interested parties to trade and do business with each other over the internet without the need for a middleman. -Jamie Albano,Freckle IoT

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