(Photo by Lionel BONAVENTURE / AFP) (Photo by LIONEL BONAVENTURE/AFP via Getty Images)
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What’s new in the tech world and how can these developments impact your business? Here are five recent tech happenings:
1 – ChatGPT Scams: Meta’s Security Warning
Security experts are issuing warnings about the potential misuse of conversational chatbot technology, ChatGPT. Concerns have been raised about users downloading malicious browser extensions and apps that appear to be legitimate ChatGPT tools, in particular, Facebook business accounts that are deemed to be vulnerable. Meta has announced plans to increase security measures for users. (Source: Engadget)
Why This Matters for Your Business:
Before installing any app or tool that claims to be connected to ChatGPT, do some research.Careful vetting can help you avoid malicious software from unscrupulous developers.
2 – Microsoft Teams: Virtual Payments for Small Businesses
In recognition of the fact that small businesses exist within an increasingly digital space, Microsoft has introduced an essential upgrade for its US and Canada Microsoft Teams customers. The update enables virtual payments for services ordered online. (Source: The Verge)
Why This Matters for Your Business:
This development could revolutionize SMB financial transactions, allowing business people who provide services across the country to accept digital payments more easily and track them efficiently. Microsoft Teams’ collaboration with PayPal, Stripe and GoDaddy is significant and demonstrates its commitment to supporting its customers’ needs, particularly during current times with remote work being the norm.
3 – BigCommerce and B2B eCommerce Platforms
New enhancements are coming to BigCommerce, the eCommerce platform designed for and used by merchants. They are intended to increase B2B sales and to help streamline the online sales process for B2B brands. (Source: PYMTS)
Why This Matters for Your Business:
Features include a self-service portal for B2B buyers to place and manage their orders, advanced pricing systems that allow for dynamic pricing based on various criteria, and multi-store capacities. BigCommerce is being praised for offering a personalized, user-friendly platform that improves the customer experience while streamlining the online sales process.
4 – Shopify’s Bill Pay: A Time-saving Tool
Shopify’s latest tool, Bill Pay, enables merchants to track and pay vendors, according to a Shopify Product News page. It is set up so that the merchant has a dashboard for paying and tracking bills, and it’s said to save time that would otherwise be spent on manual records. (Source: Shopify)
Why This Matters for Your Business:
SMB owners frequently grapple with bills and expense tracking, but Shopify’s new tool Bill Pay is intended to ease that burden by providing a comprehensive system that sorts and schedules payments while providing access to payment history. The obvious upsides are less busy work and more time for other important business tasks.
5 – Demand for ChatGPT Rises in the Workforce
An ZDNet article reveals that the demand for Artificial Intelligence (AI) and Machine Learning (ML) technology is high, particularly for natural language processing and chatbot development. ChatGPT has become a go-to tool across many industries for multiple purposes, including marketing, customer service, and healthcare. Hiring an AI-experienced workforce is becoming essential for maintaining a competitive edge in the marketplace. (Source: ZDNet)
Why This Matters for Your Business:
As demand for ChatGPT and AI-tech knowledge grows, entrepreneurs should consider capitalizing on this trend by offering services that feature these new technologies. Business owners who learn and equip themselves and their teams with this knowledge will be better-positioned to compete and provide greater value for their clients.
Editor Notes:
Learning about emerging technological trends and developments is critical to staying ahead of the curve in the digital era. At GPT News Room, we offer diverse news pieces that help businesses remain informed. Check out our website for more essential industry news and updates that can help you optimize your business operations.
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